Compare bank accounts in Zimbabwe
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Fee waiver on low balances
Nedbank Zimbabwe Current Account
★★★★☆
US$5 (individual, Nostro/USD)
Monthly Fee
Waived if balance ≤US$100 for up to 30 days
Fee Waiver
USD VISA debit card: US$0.95/month
Debit Card
~2.5% of amount
Atm Withdrawal
Nedbank Zimbabwe — licensed commercial bank (RBZ), DPC member
Licence
Straightforward pricing with a genuine low-balance fee waiver
Best For
Pros
- Clear, published $5/month fee — no guessing
- Fee waiver rewards keeping a low balance, useful for a secondary account
- Backed by a large, well-established banking group
Cons
- $5/month adds up if you don't qualify for the waiver
- ATM withdrawal fee (~2.5%) applies on top of the monthly fee
- Full transaction-fee schedule is extensive — check the complete tariff guide for your specific usage pattern
Stanbic Bank Personal Current Account
★★★★☆
US$5 (Silver/Blue tier); US$6 (Executive); US$10 (Private Banking)
Monthly Fee
3% of amount, minimum US$2
Cash Withdrawal (Over The Counter)
2.5% of amount, minimum US$1
Atm Withdrawal (Own Bank)
1% of amount, min US$30, max US$160 (individuals)
Telegraphic Transfer
Stanbic Bank Zimbabwe — licensed commercial bank (RBZ), DPC member
Licence
A tiered path to more service as your banking needs grow
Best For
Pros
- Same $5/month entry price as Nedbank, with a clear upgrade path
- Digital channels (Blue247, Internet banking, Stanbic App) included
- Backed by a large, well-established banking group
Cons
- Over-the-counter cash withdrawal (3%) is pricier than Nedbank's ATM rate
- No published low-balance fee waiver, unlike Nedbank
- Telegraphic transfer fees add up for regular international payments
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