advertisement

NMB to discontinue international payments using Visa Debit Card

advertisement
NMB

I have good and bad news, but since I’ve been bearing bad news since yesterday, let me start with the good news.

advertisement

The good news is that NMB enabled international payments have not been totally discontinued… and the rest that follows is the bad news.

So, currently the NMB Visa Debit Card allows you to make international transactions i.e $20 max on ATM and $50 max for POS and/or online payments. This current Visa Card works without the need of one to prefund it using USD or any other currency. However, from the 7th of November 2017, this particular card will cease to work for any international transaction. It in fact will be reduced to making local payments just like any other ZimSwitch enabled debit card.

advertisement

If you however wish to continue using an NMB card internationally, you’d need to apply for a new one, a different one to be precise and this one is called the NMB Prefunded Visa Card.

The NMB Prefunded Visa Card as the name suggests will only work if prefunded with USD or any other currency (I’m hoping each time I mention the word currency you are not by any means tempted to believe that bond notes are included). The transaction limits are by far higher than those of the previous one but I didn’t put that under good news for a reason because where will we get the USD???

Nonetheless, the maximum limit for cash withdrawals on the NMB Prefunded Visa Card with be $500 per day and $5000 per day for swipe and/or online payments.

To get the NMB Prefunded Visa Card, visit an NMB branch and fill in the application form. Make sure to take with you the following documents:

  • passport sized photos
  • copy of your ID
  • proof of income
  • proof of residence

It will take up to 2 weeks to process your application and thereafter, you can go collect your NMB Prefunded Visa Card.

 

 


Quick NetOne, Telecel, Africom, Econet Airtime Recharge

NMBBond Notes

NMB Bank Limited is a registered commercial bank in Zimbabwe. It is the principal subsidiary of NMBZ, a Zimbabwean based investment holding company. The bank was founded in October 1992 by James Mushore and others. The bank's group has a dual listing on the Zimbabwean... Read More About NMB

Bond Notes are a currency of notes backed by a bond that the Zimbabwe government announced on 4 May 2016 by Reserve Bank of Zimbabwe (RBZ) governor John Mangudya. The $2 denomination of the notes was finally introduced on 28 November 2016. More notes were... Read More About Bond Notes


WhatsApp Discussions

Click to join a Techzim WhatsApp group:
https://chat.whatsapp.com/KRhwl2BHkD4FJNyUtEq3v5

If you find the group full, please notify us on +263 715 071 199 and we'll update the link.


18 thoughts on “NMB to discontinue international payments using Visa Debit Card

    1. pre-fund it with bonds to use where? Remember bond is not real money you can trade on international markets

  1. Why take 2 weeks waiting for a pre funded visa card when FBC master card is activated within 24 hrs

  2. passport sized photos, copy of your ID, proof of income, proof of residence , 2weeks for the card, thats too much when i can simply go into Ecobank with I.D and copy, $US10 walk out 10mins later with my CashExpress visa card and start transacting on ATM ,online etc

    1. when i went into ecobank I didnt even need to pay the 10 dollars to get the card. The process was very quick.

  3. What is wrong with these NMB morons, I’m an account holder and I get this information from Techzim, what happened to simple basic customer service of sending an SMS or better yet an email to notify me of this. Now we depend of heresay as a channel of communication from businesses in Zimbabwe, this is really ridiculous.

    1. Very good question. If I get funds from outside Zimbabwe then that should be considered as pre funding.
      However, knowing how our banks operate they will tell it is not.

  4. On the Ecobank thing, you who have experience: can you fund from say worldremit.com and can you send ecocash on to it?

  5. Guys in Zim please tell me, when they say prefunded card, do they mean you have to walk into the branch with hard cash US Dollars and deposit it in your visa card account?

    1. VERY correct but what baffles me is the bank is supposed to be the one giving us forex but now they want it from us kkkkk sounds ridiculous

Comments are closed.

%d bloggers like this: