Bankers Acceptance

 

These are instruments designed to offer credit facilities to customers. The customers draw bills which the bank discounts at the applicable discount rate. Bankers Acceptance (B/As) are bills of exchange drawn by Zimbabwe's private sector to finance various transactions for specific periods at an agreed rate and then accepted by Agribank as an obligation in our books to the bearer on behalf of borrowing clients.

 

Features and Benefits:

Discount rate - Quoted by Treasury and fluctuates everyday.

Commission - Charged for the facility

Accessibility - Customers obtain easy and immediate access to cash

Flexibility - Bills can be rolled over if no funds are available on maturity.

Interest - Offers a different rate structure to overdrafts

Guarantees

A guarantee is an act of suretyship by the bank in the event of customers failing to meet their obligations. In that unlikey event, the bank will honour the obligations.

 

Features and Benefits

Guarantees have a given expiry date

Terms and conditions are specific to an individual guarantee

Commission is charged on establishment and half yearly thereafter

Helps development of business by assisting clients to obtain credit and goods without cash outlay

Beneficiaries assured of payment

 

Safe Custody

 

A facility whereby the bank makes available storage space to its customers. The customer deposits his/her valuables in locked boxes or sealed envelopes for safe keeping and is given a receipt for each item deposited.

 

Features:

Open Safe Custody - Contents disclosed to the bank

Closed Safe Custody - Contents unknown by the bank

Withdrawal - Customers must furnish the bank with the withdrawal instructions

Notice - 24Hrs notice is required before uplifting

Security - The bank vaults are very secure

Charges - Lodgement fee,rental fee and handling fee

Debit Orders

 

This is an automatic payment by the bank, of a specified amount to a specified beneficiary on a specified date upon written instructions by a customer

 

Target Clientele:

Retail / Corporate

Agribank is a registered commercial bank in terms of the Banking Act of Zimbabwe (Chapter 24:20) and is subject to the supervision of the Reserve Bank of Zimbabwe. The Bank is a loan granting and deposit taking agricultural development financial institution.
Latest News
  • Picture 1

    Agribank launches new Corporate image. [read more]

  • Picture 2

    Get your ZESA from Agribank Weather you bank with us or not . [read more]

  • Picture 3

    Now you can get your Zinara motor vehicle license at Agribank. [read more]

  • Picture 3

    Transact with Agribank's Mobile Banking. [read more]

  • Picture 3

    Zinara Motor vehicle licensing now available at Agribank. [read more]

 

Internet Banking :::LOGIN

 

Agribank can help your business !!

 

Renew your Insurance with us!!


@ 2015 Agricultural Bank of Zimbabwe

Hurudza House, 14-16 Nelson Mandela

Harare , Zimbabwe

Tel: (+263)(4) 774400-19

Terms of Service - Privacy policy

 

Site by Agribank ICT


A member of Deposit Protection Scheme .. read more