The Standard Charted Bank of Zimbabwe is with effect from
October 1 2019, closing its remaining Masvingo branch.
In a statement to clients, the Bank cited the drift to
digital banking and a decrease in branch visits as the main reasons for the
closure.
The statement to clients dated August 31 said all accounts
will now be domiciled at the bank’s Africa Unity Square Branch with most
services being done digitally.
Efforts to get a comment from the bank’s marketing
department were fruitless.
The memo further stated that clients will be able to
withdraw from any Standard Charted, Zimswitch or VISA enabled ATM while most
services are now available on a mobile application SC Mobile which is available
on Google and Apple play stores.
The memo also states that the closure is not affecting bank
account details, cheque books, login details, debit cards.
“We have noted that as clients you are preferring to
transact digitally including in our recently launched SC Mobile app, our ATM’s
as well as our mobile banking. Consequently fewer clients are visiting branches
to transact... SC Mobile has over 70 banking services which include card
replacement and blocking, Ecocash registration, statement requests and change
of personal details amongst others.
“…We have relooked at our distribution network and wish to
advise that with effect from October 1, 2019 we will be closing Masvingo
Branch,” reads part of the memo. Masvingo Mirror
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