Exchange Control Advice

We offer timely advice on cross border transactions on both capital and trade transactions. We also process applications to the Reserve Bank of Zimbabwe, Exchange Control on behalf of our clients.

Export Documentation

The bank processes export documents while you wait to facilitate prompt customs clearance of exports.

Types of export Forms:

Form CD1 - Physical Goods

Form CD3 - Transport Freight

PTS1- post and telecommunications

TRAS1- non consumption tourism

TRAS2- consumption tourism

General Service Declaration Form (Form GSD) - other services

Features:

Service available to all clients

Fast and convinient

Adherence to the Exchange Control Regulations

Adherence to Government Export requirements on restricted goods

Trade Finance Products

The bank offers a variety of products under Trade Finance.Our Trade Finance products give comfort needed by our clients trading on the international markets and those developing new foreign markets

Types of Trade Finance Products:

Documentary credits (import and export letters of credit)

Foreign guarantees

Documentary collections

Offshore Loans (import finance, pre and post shipment finance)

Commodity Financing

Features:

All Trade Finance products are structured to the customer's requirements

Adherence to International Chamber of Commerce (ICC) guidelines

Inward Remittances

Our customers are able to receive funds from various countries throughout the world in all major currencies

Features

Service available to all clients

Fast and Convinient

Adherence to the exchange control requirements

No bank charges are levied on beneficiaries in Zimbabwe

Safe and secure

Outward Remittances

International Banking departmentfacilitates transfer of funds from Zimbabwe to Regional and International destinations desired by our clients through our Correspondent Banking Agents in all major currencies.

Features:

Fast and Convinient

Safe and secure

Adherence to the exchange control requirements

Affordable and competitive charges

Foreign Currency Accounts

All Corporate entities, Government, Non-Governmental Organisations, International Organizations,Embassies and Individuals can open and maintain foreign currency accounts(FCAs)

Types of Foreign Currency Accounts:

Individual FCAs

Corporate FCAs (Domestic)

Corporate FCAs (Exports)

Corporate FCAs (Transitory)

Non resident Transferable FCAs (NRTAs)

FCAs for Embassies, NGOs, Diplomatic Missions

Features:

No charges for receiving funds from abroad

Transaction charges applicable for withdrawals and payments

Currency switches is permissible

Clients can open up to(5) FCAs in denominated currencies