ZB introduces Master Currency Account

ZIMBABWE – HARARE – ZB Bank, one of the leading financial institutions in the country has introduced a master currency account as a way of improving banking services. The Zimbabwe Telegraph.

This is one of the very few products which have been introduced by the country’s financial sector which has largely been in a deep slumber.

Under the master current account, there is more convenience.

This is a United States dollar or the South Africa Rand based current account that offers flexibility and convenience of a cheque book coupled with the added advantage of a cheque guarantee card.

The introduction of the master current account is likely to assist the banking public which is facing a number of challenges associated with the use of multiple currencies.

Some of the problems include the absolute absence of smaller denominations of the currencies being used especially coins which has been an inconvenience.

Another financial institution, the Zimbabwe Allied Banking Group, has also introduced a swiping card, which works at selected stores as a way of getting past the problem of change.

It is however expected that the problems of change would be solved with the use of plastic money as may of the major banks are said to be finalizing the processes for rolling out debit cards.