Techzim

Zimbabwe and regional technology news and updates

advertisement
advertisement

RTGS cutoff time revised because of new COVID-19 measures

Cashless Zimbabwe RTGS cutoff time, local currency bank charges ZWL$ prepaid USD cards fees charges

On Tuesday President Emmerson Mnangagwa announced that the country would be moving to Level 4 lockdown measures because of the increasing numbers of COVID-19 cases. In line with the new restrictions, the cutoff time for RTGS transfers has been adjusted according to a tweet by NMB Bank.

Dear Valued Customer,

Kindly Note that the RTGS cutoff time on the NMBConnect platform has been temporarily reviewed from the usual 1.30 PM to 11.30 AM for the duration of the lockdown.

NMB Bank

First Capital Bank also put out a similar statement but it’s cutoff time is 12 noon.

New RTGS Cut-Off Times


The RTGS cut-off time has also been adjusted. The RTGS window will now dose at 12 noon Monday-Friday, with effect From today, Wednesday 30 June 2021 until further notice. All payments done after hours can be queued In the system for processing on the next business day as per normal procedure.

First Capital Bank

It looks like there is no set time across the banking sector. So it’s advised that you check with your bank to confirm what their RTGS transfer cutoff time is.

You should also check out:


Quick NetOne, Econet, And Telecel Airtime Recharge

5 thoughts on “RTGS cutoff time revised because of new COVID-19 measures

  1. I forsee system blackouts here as everyone will be processing their transaction at the same time to beat the new cut-off times.I think financial services should have been left alone and classified as essential services,so as to enable them work behind closed doors even during curfew hours.

    1. That is not a valid excuse, if they have prepared their systems on time, nothing of that sort will happen. Infact, with IT infrastructure you must always over subscribe just in case of spikes. So if the bank have 2 million customer, their system must be over subscribed by another 2 million.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.