HBZ Bank Ltd - South Africa

Business Banking

Dear Clients,

Kindly make note that the Cheque Item Limit will be reduced from:

R500 000 to R50 000
effective 01 May 2020.

Click here to see notice from the Payment Association of South Africa (PASA).

Please contact your branch or Relationship Manager for further details.

Currency

Rand

₣ CHF

15.3600

$ USD

15.0400

£ GBP

19.5600

€ EUR

16.3100

¥ JPY

0.1369

Rates are indicative
Last Updated: 2020-02-18 09:13

Period		%
Overnight		5.650

One Week		5.750

One Month		6.025

Three Months		6.200

Six Months		6.700

Nine Months		6.825

Twelve Months		7.000

Rates are indicative Last Updated: 2020-02-18 09:14

VAT Increase Notice
Dear Clients, The Minister of Finance announced an increase in Value Added Tax (VAT) from 14% to 15%, effective 1 April 2018.

Our products and services are subject to VAT and therefore the increase in VAT will result in price adjustments.
We value your continued support. HBZ Bank Ltd
Minimum Balance

Dear Clients,

You are kindly requested to maintain a minimum balance of R 5,000.00 in Current Account and
R 2,000.00 in saving accounts
with effect from 1 April 2018, in order to avoid monthly fee of R 50.00 for current and R 30.00 for saving accounts.

Thank you for your patronage
Launch of new Islamic Banking Investment Option

We are pleased to announce the launch of our 12-month fixed period investment, which pays a monthly profit to depositors. For further information and latest profit rate.

click here

For more information download our
Brochure today.

For more information download our
SIRAT Brochure.