COMESA Centre, Ben Bella Road, Lusaka Zambia

+260 211 234 354 / 234 358 Mon-Fri, 9am until 6pm

Services

Electronic Funds Transfer

What is it?

Electronic Funds Transfers (EFT) which is sometimes referred to as Direct Debit and Credit Clearing (DDACC) is a payment system where money is transferred from one bank account directly to another bank account without physical paper changing hands.

Transactional Limits

The transaction limit for the Direct Credit stream is ZMW500,000 while the Direct Debit Stream permits a transaction limit of ZMW75,000. 

EFT Time Window

Instructions submitted to the bank before the final cut off times that is 14:30 hours for electronic instructions and 13:00 hours for manual instructions are processed and given value to the customer the same day. Instructions submitted to the bank after the final cut off times that is 14:30 hours for electronic instructions and 13:00 hours for manual instructions are processed and given value to the customer the next business day. 

Benefits

As a paperless stream, it is faster, safe and efficient. Customers are encouraged to receive or make payments by EFT.

Efficient, Reliable, Secure & Cost Effective Inter-Banking

Zambia Electronic Clearing House Limited

Electronic Funds Transfer, Cheque Image Clearing, National Financial Switch

Powered by Integrity, Conference, Care, Accountability, Respect & Excellence!!!