(DAILY MAIL) Intermarket starts chikwama account
Intermarket starts chikwama accountBy NANCY MWAPE
INTERMARKET Banking Corporation (Zambia) limited has introduced a ‘Chikwama’ Savings and Automated Teller Machine (ATM) account targeted at Zambians without bank accounts.
Speaking in Lusaka yesterday, Intermarket Banking Corporation head of business development and marketing, Alinani Simukonda said the new product was designed to meet specific financial requirements that would uplift individuals.
Mr Simukonda said the ‘Chikwama’ account was an innovative product that allow them save and ultimately improve their economic status.
He described the ‘Chikwama’ savings account as a comprehensive package that would incorporate all in society.
He said to qualify for this account, which come with an ATM card, one only needed a minimum balance of K20,000.
“The Chikwama ATM account is a unique account specifically designed for customers that transact mainly on ATM. No monthly fees, no hidden charges or costs as long as you use the ATM only,’’ he said.
Mr Simukonda said with the ATM, clientele would be able to deposit cash and make withdrawals.
He said account holders were also eligible for loans.
He said for Small and Medium Entrepreneurs (SMEs), the bank would provide working capital in form of over drafts and bridging loans.
Mr Simukonda said the bank had further introduced the interDollar savings account for customers wishing to transact in foreign exchange.
He said the interDollar account would attract a minimum balance of US$200, four per cent interest per annum and no monthly fees.
And Intermarket Banking Corporation will soon open a branch in Lusaka’s Kamwala area to tap business from cross border traders, marketeers and individuals.
Mr Simukonda said the bank was providing unique diverse range of financial services and was committed to being the best at creating and maintaining mutually beneficial relationships with all stakeholders.
Labels: ATM, INTERMARKET BANK
posted by MrK @ 9:20 PM
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