1 23000019778 2019-03-04T11:27:12+02:00 International Banking FAQs 23000030967 false International Banking 1 2019-03-04T11:27:12+02:00 1 1 2017-04-12T12:47:05+02:00 30 25 This service is currently available for Corporate and Individual Account holders with Nostro funded Accounts.   Please contact our International Banking Team for further information on foreignbanking@nmbz.co.zw. Follow this link to see the correspondent banking details. https://drive.google.com/drive/folders/1nF9ly_Q0DFNleMnRV4a4YZMcgqJ0Qr1E?usp=sharing <p><span dir="ltr" style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">This service is currently available for Corporate and Individual Account holders with Nostro funded Accounts. &nbsp;</span></p><p><br></p><p><span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">Please contact our International Banking Team for further information on <span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">foreignbanking@nmbz.co.zw</span>.</span></p><p><br></p><p><span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">Follow this link to see the correspondent banking details. <a href="https://drive.google.com/drive/folders/1nF9ly_Q0DFNleMnRV4a4YZMcgqJ0Qr1E?usp=sharing" rel="noreferrer">https://drive.google.com/drive/folders/1nF9ly_Q0DFNleMnRV4a4YZMcgqJ0Qr1E?usp=sharing</a></span></p> 23000030967 1273 23000006506 2021-08-26T13:02:52+02:00 23001948266 4 2 30 25 How can I transfer money to a bank account abroad? 2021-08-26T13:02:52+02:00 23001948266 1 2017-04-14T12:26:08+02:00 2 5 There are no limits to the amounts that can be transferred. However, transfers are effected subject to availability of funds and the RBZ priority payments list. <p><span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">There are no limits to the amounts that can be transferred. However, transfers are effected subject to availability of funds and the RBZ priority payments list.</span></p><p><br></p> 23000030967 386 23000006568 2020-07-16T11:12:23+02:00 23001948266 12 2 2 5 What is the maximum limit on Rand transfers to South Africa? 2020-07-16T11:12:24+02:00 23001948266 1 2017-04-14T12:31:38+02:00 12 26 You can receive foreign currency deposits in one of two ways. Through a telegraphic transfer into your Nostro FCA account or a cash collection point from our branches through World Remit, Mukuru, Senditoo or Small World.  You can request the teller to processes your remittance receipt into your Nostro account at the point of collection. Kindly use the following link for all branches, addresses and contact details https://nmbz.co.zw/branches/ <p><br><span dir="ltr" style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">You can receive foreign currency deposits in one of two ways. Through a telegraphic transfer into your Nostro FCA account or a cash collection point from our branches through World Remit, Mukuru, Senditoo or Small World. </span></p><p><br></p><p><span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">You can request the teller to processes your remittance receipt into your Nostro account at the point of collection.</span></p><p><br></p><p><span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">Kindly use the following link for all branches, addresses and contact details <a href="https://nmbz.co.zw/branches/" rel="noreferrer">https://nmbz.co.zw/branches/</a></span></p><p><br></p><p><br></p> 23000030967 836 23000006569 2021-02-24T15:20:20+02:00 23001948266 13 2 12 26 Can I receive money from abroad through NMB Bank? 2021-02-24T15:20:20+02:00 23001948266 1 2017-04-14T12:40:18+02:00 7 18 You can receive foreign currency deposits in one of two ways. Through a telegraphic transfer into your Nostro FCA account or a cash collection point from our branches through World Remit , Mukuru, Senditoo or Small World.  You can request the teller to processes your remittance receipt into your Nostro account at the point of collection. Follow this link for all branches, addresses and contact details https://nmbz.co.zw/branches/ Kindly take note to use the intermediary details in the attached document or contact our International Banking Team for further information.  <p><br></p><p><span class="fr-view collab-annotatable" data-test-id="article-description" style="position: relative; display: block; cursor: auto;"><span dir="ltr" style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">You can receive foreign currency deposits in one of two ways. Through a telegraphic transfer into your Nostro FCA account or a cash collection point from our branches through World Remit , Mukuru, Senditoo or Small World. </span></span></p><p><br></p><p><span class="fr-view collab-annotatable" data-test-id="article-description" style="position: relative; display: block; cursor: auto;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">You can request the teller to processes your remittance receipt into your Nostro account at the point of collection.</span></span></p><p><span class="fr-view collab-annotatable" data-test-id="article-description" style="position: relative; display: block; cursor: auto;"><span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">Follow this link for all branches, addresses and contact details <a href="https://nmbz.co.zw/branches/" rel="noreferrer">https://nmbz.co.zw/branches/</a></span></span></p><p><br></p><p><span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">Kindly take note to use the intermediary details in the attached document or contact our <a href="mailto:foreignbanking@nmbz.co.zw">International Banking Team</a> for further information. </span></p><p><br></p> 23000030967 904 23000006572 2021-02-24T15:20:59+02:00 23001948266 15 2 7 18 Can I receive money from abroad into an NMB Bank account? 2021-02-24T15:20:59+02:00 23001948266 1 2019-03-04T15:20:38+02:00 2 4 Kindly read through the checklist below.    Check list for Individual Transactions TRANSACTION TYPE CHECKLIST Imports for goods and services · An invoice from the supplier/service provider Business Travel Expenses · Confirmation of travel from company. · Use of credit/debit cards · Maximum cash on person USD1,000. Medical Expenses · A referral letter from a local specialist. · Pro forma invoices for the foreign hospital or specialist confirming cost of treatment Education: Tuition Fees, Living Expenses & Pocket Money Authorised Dealers are allowed to process educational fees to meet all expenses directly related full time or correspondence course of study, including pocket money and living expenses for education, provided the following information shall be submitted; · Letters of admission in case of new students · Invoice and or statement of account from college university; or · Any suitable documentary evidence from the institutions. Examination Fees The remittance of fees by local universities and colleges may be approved on submission of the following:- · A list of the students’ names · Documentary evidence from the external Examination Boards confirming amount payable. Expatriates · The Authorised Dealer is allowed to remit part of the salary, provided the information detailed under is submitted; · Letter of appointment from employer · Copy of payslip Alimony and Child Maintenance · Application letter; · Divorce order where applicable; and · Children’s birth certificate(s) Repairs, Legal Fees and Subscriptions · Invoices and or; · Statements of account; and · Renewal notices. Sale of Tours Payment of all-inclusive or package holiday tours outside Zimbabwe is permitted. Payment must be made direct to the travel agent or tour operator outside the country subject to submission of the following in the name of the local tour operator:- · A breakdown of the cost of the tour; and · A brochure Airfares · Invoice Cash Donations · Beneficiary · Banking details · Relationship; and · Motivation for the donation. · ZIMRA Tax clearance certificate Amounts in excess of USD10,000 per transaction require prior Exchange Control approval. Pension remittances · Letter from Pension Fund · Emigration authority Family Upkeep · Application letter Amounts in excess of USD10,000 per transaction require prior Exchange Control approval.   Rentals due to non-resident residential property owners · Lease agreement. Any payment request not covered above · Application letter justifying payment for submission to R.B.Z Exchange Control for approval 1. Remittance of property sale proceeds 2. Inheritance transactions involving non –residents 3. Authority to access an external loan · Application letter justifying payment for submission to R.B.Z Exchange Control for approval Please contact our International Banking Team for further information. <p><span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">Kindly read through the checklist below.</span></p><p><span style="font-size: 14px;"><span style="font-family: Arial,Helvetica,sans-serif;">  </span></span></p><p><span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;"><strong>Check list for Individual Transactions</strong></span></p><table align="left" border="1" cellpadding="0" cellspacing="0" style="margin-left: calc(0%); width: 100%;"><tbody><tr><td style="width: 50.6267%;" width="319"><p><strong>TRANSACTION TYPE</strong></p></td><td style="width: 49.234%;" width="319"><p><strong>CHECKLIST</strong></p></td></tr><tr><td style="width: 50.6267%;" width="319"><p><span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">Imports for goods and services</span></p></td><td style="width: 49.234%;" width="319"><p><span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">· An invoice from the supplier/service provider</span></p><p><br></p></td></tr><tr><td style="width: 50.6267%;" width="319"><p><span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">Business Travel Expenses</span></p></td><td style="width: 49.234%;" width="319"><p>·<span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;"> Confirmation of travel from company.</span></p><p><span style="font-size: 14px;"><span style="font-family: Arial,Helvetica,sans-serif;">· Use of credit/debit cards</span></span></p><p><span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">· Maximum cash on person USD1,000.</span></p></td></tr><tr><td style="width: 50.6267%;" width="319"><p><span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">Medical Expenses</span></p></td><td style="width: 49.234%;" width="319"><p>· <span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">A referral letter from a local specialist.</span></p><p><span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">· Pro forma invoices for the foreign hospital or specialist confirming cost of treatment</span></p></td></tr><tr><td style="width: 50.6267%;" width="319"><p><span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">Education:</span></p><p><span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">Tuition Fees, Living Expenses &amp; Pocket Money</span></p></td><td style="width: 49.234%;" width="319"><p><span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">Authorised Dealers are allowed to process educational fees to meet all expenses directly related full time or correspondence course of study, including pocket money and living expenses for education, provided the following information shall be submitted;</span></p><p><span style="font-size: 14px;"><span style="font-family: Arial,Helvetica,sans-serif;">· Letters of admission in case of new students</span></span></p><p><span style="font-size: 14px;"><span style="font-family: Arial,Helvetica,sans-serif;">· Invoice and or statement of account from college university; or</span></span></p><p><span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">· Any suitable documentary evidence from the institutions.</span></p></td></tr><tr><td style="width: 50.6267%;" width="319"><p><span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">Examination Fees</span></p></td><td style="width: 49.234%;" width="319"><p><span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">The remittance of fees by local universities and colleges may be approved on submission of the following:-</span></p><p><span style="font-size: 14px;"><span style="font-family: Arial,Helvetica,sans-serif;">· A list of the students’ names</span></span></p><p><span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">· Documentary evidence from the external Examination Boards confirming amount payable.</span></p></td></tr><tr><td style="width: 50.6267%;" width="319"><p><span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">Expatriates</span></p></td><td style="width: 49.234%;" width="319"><p>· <span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">The Authorised Dealer is allowed to remit part of the salary, provided the information detailed under is submitted;</span></p><p><span style="font-size: 14px;"><span style="font-family: Arial,Helvetica,sans-serif;">· Letter of appointment from employer</span></span></p><p><span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">· Copy of payslip</span></p></td></tr><tr><td style="width: 50.6267%;" width="319"><p><span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">Alimony and Child Maintenance</span></p></td><td style="width: 49.234%;" width="319"><p>· <span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">Application letter;</span></p><p><span style="font-size: 14px;"><span style="font-family: Arial,Helvetica,sans-serif;">· Divorce order where applicable; and</span></span></p><p><span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">· Children’s birth certificate(s)</span></p></td></tr><tr><td style="width: 50.6267%;" width="319"><p><span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">Repairs, Legal Fees and Subscriptions</span></p></td><td style="width: 49.234%;" width="319"><p>· <span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">Invoices and or;</span></p><p><span style="font-family: Arial,Helvetica,sans-serif;"><span style="font-size: 14px;">· Statements of account; and</span></span></p><p><span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">· Renewal notices.</span></p></td></tr><tr><td style="width: 50.6267%;" width="319"><p><span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">Sale of Tours</span></p></td><td style="width: 49.234%;" width="319"><p><span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">Payment of all-inclusive or package holiday tours outside Zimbabwe is permitted. Payment must be made direct to the travel agent or tour operator outside the country subject to submission of the following in the name of the local tour operator:-</span></p><p><span style="font-size: 14px;"><span style="font-family: Arial,Helvetica,sans-serif;">· A breakdown of the cost of the tour; and</span></span></p><p><span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">· A brochure</span></p></td></tr><tr><td style="width: 50.6267%;" width="319"><p><span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">Airfares</span></p></td><td style="width: 49.234%;" width="319"><p>· <span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">Invoice</span></p></td></tr><tr><td style="width: 50.6267%;" width="319"><p><span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">Cash Donations</span></p></td><td style="width: 49.234%;" width="319"><p>· <span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">Beneficiary</span></p><p><span style="font-size: 14px;"><span style="font-family: Arial,Helvetica,sans-serif;">· Banking details</span></span></p><p><span style="font-size: 14px;"><span style="font-family: Arial,Helvetica,sans-serif;">· Relationship; and</span></span></p><p><span style="font-size: 14px;"><span style="font-family: Arial,Helvetica,sans-serif;">· Motivation for the donation.</span></span></p><p><span style="font-size: 14px;"><span style="font-family: Arial,Helvetica,sans-serif;">· ZIMRA Tax clearance certificate</span></span></p><p><span style="font-size: 14px;"><span style="font-family: Arial,Helvetica,sans-serif;"><br></span></span></p><p><span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;"><strong>Amounts in excess of USD10,000 per transaction require prior Exchange Control approval.</strong></span></p><p><br></p></td></tr><tr><td style="width: 50.6267%;" width="319"><p><span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">Pension remittances</span></p></td><td style="width: 49.234%;" width="319"><p>· <span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">Letter from Pension Fund</span></p><p><span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">· Emigration authority</span></p><p><br></p></td></tr><tr><td style="width: 50.6267%;" width="319"><p><span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">Family Upkeep</span></p></td><td style="width: 49.234%;" width="319"><p>· <span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">Application letter</span></p><p><span style="font-size: 14px;"><span style="font-family: Arial,Helvetica,sans-serif;"><strong>Amounts in excess of USD10,000 per transaction require prior Exchange Control approval.</strong></span></span></p><p><strong><span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;"> </span></strong></p></td></tr><tr><td style="width: 50.6267%;" width="319"><p><span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">Rentals due to non-resident residential property owners</span></p></td><td style="width: 49.234%;" width="319"><p>· <span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">Lease agreement.</span></p></td></tr><tr><td style="width: 50.6267%;" width="319"><p><strong><span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">Any payment request not covered above </span></strong></p></td><td style="width: 49.234%;" width="319"><p>· <strong><span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">Application letter justifying payment for submission to R.B.Z Exchange Control for approval </span></strong></p></td></tr><tr><td style="width: 50.6267%;" width="319"><p><span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">1. Remittance of property sale proceeds</span></p><p><span style="font-size: 14px;"><span style="font-family: Arial,Helvetica,sans-serif;">2. Inheritance transactions involving non –residents</span></span></p><p><span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">3. Authority to access an external loan</span></p><p><br></p></td><td style="width: 49.234%;" width="319"><p>· <strong><span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">Application letter justifying payment for submission to R.B.Z Exchange Control for approval</span></strong></p></td></tr></tbody></table><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><br></p><p><span style="font-family: Arial, Helvetica, sans-serif; font-size: 14px;">Please contact our <a href="mailto:foreignbanking@nmbz.co.zw" target="_top">International Banking Team</a> for further information. </span></p> 23000030967 360 23000017832 2020-07-16T11:16:46+02:00 23001948266 16 2 2 4 What supporting documentation am I required to bring to faciliate my foreign currency payment? 2020-07-16T11:16:46+02:00 23001948266