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Zanaco ATM Withdrawal Limit, Weekly, Daily & Monthly Limit, How much is cash withdrawal limit
In our guide today, we will discuss the Zanaco ATM withdrawal limit in Zambia.
Zambia National Commercial Bank (Zanaco) is Zambia’s leading bank, established in 1969.
The bank is listed on the Lusaka Securities Exchange and serves retail customers, large corporations, agri-business, and public sector clients.
The bank has its headquarters in Zanaco house in Lusaka, the capital of Zambia, and 60 branches nationwide.
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WHAT IS THE ATM NETWORK
The bank boasts of200 ATMs across Zambia.
You can withdraw cash at most ATMs with American Express, Mastercard, and Visa.
Click on this link to search for the nearest Zanaco ATM in the country; https://www.zanaco.co.zm/branch-locator.php.
This is the Zanaco ATM network in Zambia.
WHY ZANACO HAS ATM WITHDRAWAL LIMITS
The bank doesn’t keep all your money ready for withdrawal as it puts the money to work for the institution, bundling it with other people’s deposits to lend money to individuals and businesses.
The ATM withdrawal limits help ensure that customers can’t clean out ATMs or drain the bank’s cash reserves.
The bank has set withdrawal limits to protect the bank and your accounts.
In case someone steals your card and PIN, you are protected from losing more than the daily limit through this kind of theft.
You, however, have to report the missing card immediately if you notice the missing card for the bank to lock any withdrawals from the card.
This is the reason Zanaco has ATM withdrawal Limits in Zambia.
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ZANACO ATM WITHDRAWAL LIMIT
The Daily ATM withdrawal limit depends on the type of account you have with the bank.
Daily ATM withdrawal limits range from ZMW 2,000 TO ZMW 4,000.
There is no weekly or monthly ATM withdrawal limit for the bank.
This is the Zanaco ATM withdrawal limit in Zambia.
HOW TO CHANGE YOUR ATM WITHDRAWAL LIMIT
You can increase your ATM withdrawal limit by contacting the bank or visiting the nearest branch to inquire about the available options.
Alternatively, you can upgrade your account to one with a higher withdrawal limit.
Consult your banker for the best available upgrade options for you.
If you have any inquiries about your ATM withdrawal limits, contact the bank at +260-21-1228979 or email them at customerservice@zanaco.co.zm.
This is all you need to know about the Zanaco ATM withdrawal limit in Zambia.
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Source: https://thetransfercode.com/zanaco-atm-withdrawal-limit/