Zemen Bank

Commercial bank

Prices published

Not disclosed

Price categories

Tariff date in research profile

23 Megabit 2017

Research snapshot. Prices were collected from public sources on 14 Meskerem 2019 and are not confirmed by the institutions. Records include historical, proposed and unconfirmed prices; only current records with reviewed terms enter calculations. Check with the provider before you decide. How we compare →

Provider website Tariff page Financials

Yes - Z-Qamar fully segregated IFB service launched 2026-06-25

Deposits

18 tariff records

18 of 18 records

			Source
Personal / Prestige / Z-Club CheckingMinimum opening balance	ETB 5,000.00	Non-interest bearing; packaged with saving account	Source
Business Basic AccountMinimum opening balance	ETB 5,000.00	Average monthly minimum balance 25000 — Non-interest bearing	Source
Time deposit / CDInterest rate	Not disclosed	Depends on amount and tenor — Negotiable	Source
Saving accounts (general)Interest rate	7.0%–9.0% a year	Depends on account balance/class — Compounded monthly on daily minimum balance	Source
Basic Saving AccountMinimum opening balance	ETB 5,000.00	Interest on daily minimum balance compounded monthly; rate within 7-9% band	Source
Personal Saving AccountMinimum opening balance	ETB 5,000.00	Packaged with Personal Checking	Source
Prestige Saving AccountMinimum opening balance	ETB 5,000.00	Minimum monthly balance 100000 — Better rate than basic (not published)	Source
Z-Club Saving AccountMinimum opening balance	ETB 5,000.00	Minimum monthly balance 500000 — High-net-worth; better rate (not published)	Source
Business Saving / Business Advantage AccountInterest rate	7.0% a year	Opening 5000; average daily balance 100000 — Calculated on monthly minimum balance Possibly outdated: undated 7% value. NBE/INT/13/2026 removed the deposit-rate floor effective 2026-01-09; bank-specific current applicability requires confirmation.	Source
Z-Club Special Saving (Basic/Gold/Platinum)Minimum balance tiers	Prices vary by published conditions · Opening 5000; floors Basic 500000; Gold 2000000; Platinum 5000000 — Rate described as most attractive; not published	Opening 5000; floors Basic 500000; Gold 2000000; Platinum 5000000 — Rate described as most attractive; not published	Source
Executive Special Saving AccountMinimum balance tiers	Prices vary by published conditions · Opening 10000; Basic 100000; Special 300000; Gold 500000; Platinum 1000000 — Executives/senior managers; rate not published	Opening 10000; Basic 100000; Special 300000; Gold 500000; Platinum 1000000 — Executives/senior managers; rate not published	Source
Z-Club Children Saving AccountMinimum opening balance	ETB 1,000.00	Tiers at 50000 and 200000 — Rate above regular saving rate (not published)	Source
Youth Special Saving AccountMinimum opening balance	ETB 1,000.00	Tiers at 100000 and 200000 — Rate not published	Source
Time deposit rateTime deposit rate	Not disclosed	3 months — Reviewed 2026-09-24 after NBE/INT/13/2026. No dated post-directive numerical quote verified for this term. Not disclosed is a research gap, not a zero rate or proof the product is offered. Undated legacy quotes elsewhere are not confirmation of current pricing. A negotiated rate is not a published numerical term schedule.	Source Medium confidence
Time deposit rateTime deposit rate	Not disclosed	6 months — Reviewed 2026-09-24 after NBE/INT/13/2026. No dated post-directive numerical quote verified for this term. Not disclosed is a research gap, not a zero rate or proof the product is offered. Undated legacy quotes elsewhere are not confirmation of current pricing. A negotiated rate is not a published numerical term schedule.	Source Medium confidence
Time deposit rateTime deposit rate	Not disclosed	12 months — Reviewed 2026-09-24 after NBE/INT/13/2026. No dated post-directive numerical quote verified for this term. Not disclosed is a research gap, not a zero rate or proof the product is offered. Undated legacy quotes elsewhere are not confirmation of current pricing. A negotiated rate is not a published numerical term schedule.	Source Medium confidence
Time deposit rateTime deposit rate	Not disclosed	24 months or longer — Reviewed 2026-09-24 after NBE/INT/13/2026. No dated post-directive numerical quote verified for this term. Not disclosed is a research gap, not a zero rate or proof the product is offered. Undated legacy quotes elsewhere are not confirmation of current pricing. A negotiated rate is not a published numerical term schedule.	Source Medium confidence
Current ordinary savings rate confirmationCurrent ordinary savings rate confirmation	Not disclosed	Reviewed 2026-09-24 after NBE/INT/13/2026. No dated post-directive numerical quote verified for this term. Not disclosed is a research gap, not a zero rate or proof the product is offered. Undated legacy quotes elsewhere are not confirmation of current pricing.	Source Medium confidence

Loans

20 tariff records

20 of 20 records

			Source
Agriculture loanInterest rate	16.0%–17.9% a year	—	Source
Loan processingLoan processing fee	0.25% of amount · minimum ETB 2,500.00 · (% of approved loan)	Minimum 2500 ETB	Source
Loan renewalRenewal fee	0.01% of amount · minimum ETB 7,500.00	Minimum 7500 ETB (as extracted)	Source Medium confidence
Collateral substitutionCollateral substitution fee	ETB 10,000.00	—	Source
Late paymentLate payment penalty fee	Free	Listed as exempted	Source
Financial institution loanInterest rate	16.5%–18.3% a year	—	Source
Health and education services loanInterest rate	14.2%–16.3% a year	—	Source
Hotel and tourism loanInterest rate	13.5%–18.6% a year	5-star 13.50-16.25; 3-4 star 15.00-17.75; general hotel 16.00-18.65	Source
Import loanInterest rate	16.5%–19.0% a year	—	Source
Industry/manufacturing loanInterest rate	15.5%–18.0% a year	—	Source
Merchandise loanInterest rate	15.0%–17.0% a year	—	Source
Microfinance institution loanInterest rate	10.0%–12.8% a year	—	Source
Mines, power and water resources loanInterest rate	13.0%–16.0% a year	—	Source
Transport services loanInterest rate	16.5%–18.3% a year	—	Source
Building construction loanInterest rate	16.5%–19.0% a year	—	Source
Export-related loansInterest rate	7.2%–14.0% a year	—	Source
Diaspora creditInterest rate	9.5%–14.0% a year	Diaspora borrowers	Source
Line of credit / overdraft facilityInterest rate	Not disclosed	Interest charged on utilized amount only	Source
Consumer loansInterest rate	16.3%–18.0% a year	Covers personal/vehicle/housing consumer lending	Source
Domestic trade and services loanInterest rate	16.5%–19.3% a year	—	Source

Interest-free products

2 tariff records

2 of 2 records

			Source
Z-Qamar (Wadiah savings/current; Mudarabah; Murabaha; Qard al-Hasan)Profit-sharing ratios / margins	Not disclosed	Fully segregated IFB service launched 2026-06-25; targets 10000 customers in year 1	Source
Z-Qamar interest-free financingZ-Qamar interest-free financing	Not disclosed	Post date is announcement date, not necessarily tariff effective date. Product availability confirmed; numerical price/rate not stated in post. Promotion of an existing product does not prove launch on this date.	Source Medium confidence

Domestic payments

3 tariff records

3 of 3 records

			Source
RTGS outgoingRTGS fee	ETB 50.00 / ETB 75.00 / ETB 100.00 by amountUp to ETB 10,000.00: ETB 50.00; ETB 10,001.00–ETB 100,000.00: ETB 75.00; Above ETB 100,000.00: ETB 100.00	<=10000: 50; 10001-100000: 75; >100000: 100 — Same on branch and mobile/internet	Source
Tax payment serviceTax payment fee	Prices vary by published conditions · Free up to 50 ETB; 50 ETB above 1000000	Free up to 50 ETB; 50 ETB above 1000000	Source
School payment systemSchool payment system	Not disclosed	Post date is announcement date, not necessarily tariff effective date. Product availability confirmed; numerical price/rate not stated in post. Promotion of an existing product does not prove launch on this date.	Source Medium confidence

Digital banking

3 tariff records

3 of 3 records

			Source
Bill payments (airline tickets; DSTV; school; telecom)Bill payment fee	Free	Statement view/download free	Source
Mobile transfer via EthSwitchInterbank transfer fee	Not disclosed	As per EthSwitch pricing	Source
Mobile/internet bankingIntra-bank transfer fee (own and other Zemen accounts)	Free	—	Source

Cards & ATM

8 tariff records

8 of 8 records

			Source
Own ATMOwn-bank ATM withdrawal fee	Free	Balance inquiry free; international cards free at Zemen ATMs	Source
Other bank ATM (EthSwitch)Other-bank ATM withdrawal fee	Not disclosed	As per EthSwitch pricing	Source
Debit cardCard issuance fee (first time)	Free	—	Source
Debit cardCard re-issue/replacement fee	ETB 100.00	Lost/stolen/damaged/expired	Source
Debit cardPIN re-issue fee	ETB 50.00	—	Source
POS payment/cash advance off-us (local card)POS fee	Not disclosed	As per EthSwitch pricing; cash advance at branch on-us free	Source
Local gift/prepaid cardCard issuance fee	ETB 100.00	Issuance or reissuance	Source
MasterCard prepaid travel cardMasterCard prepaid travel card	Not disclosed	Post date is announcement date, not necessarily tariff effective date. Product availability confirmed; numerical price/rate not stated in post. Promotion of an existing product does not prove launch on this date.	Source Medium confidence

International remittance

2 tariff records

2 of 2 records

			Source
Incoming wire transfer / digital remittanceInward remittance fee	Free	—	Source
SWIFT stop paymentSWIFT stop payment message fee	ETB 500.00 · (ETB per message)	—	Source

Foreign exchange

1 tariff records

1 of 1 records

			Source
Foreign currency saleFX sale commission	2.00%–4.00% of amount	From LCY account 4%; from FCY account 2%	Source

Cheque services

5 tariff records

5 of 5 records

			Source
Bounced chequeBounced cheque penalty	Prices vary by published conditions · 1st instance 100 ETB; 2nd 3% max 25000; 3rd 5% max 50000 and account closed	1st instance 100 ETB; 2nd 3% max 25000; 3rd 5% max 50000 and account closed	Source
Cashier's Payment OrderCPO issuance fee	ETB 25.00	Cancellation/amendment and lost/refund free	Source
Cheque bookCheque book fee	Not disclosed	At cost (customer pays printing cost)	Source
Outward cheque clearanceClearing fee	Prices vary by published conditions · ACH normal 10; SWIFT/special 30 — Incoming clearance free	ACH normal 10; SWIFT/special 30 — Incoming clearance free	Source
Stop paymentStop payment fee	ETB 100.00 · (ETB per cheque)	—	Source

Account services

6 tariff records

6 of 6 records

			Source
Account openingAccount opening fee	Free	Early closure before 3 months free	Source
FCY account below USD 100Inactive/low balance fee	USD 5.00 · (USD per half-year)	Balance below USD 100 — FCY account closure USD 10	Source
Balance confirmation letterBalance confirmation fee	ETB 100.00 · (ETB per letter)	—	Source
Overdraft protection (saving-to-checking sweep)Sweep fee	ETB 20.00	—	Source
Standing order / bulk salary transferProcessing fee	ETB 10.00	—	Source Medium confidence
Account statementStatement fee	ETB 5.00 · (ETB per page)	Statements older than 3 months — Recent statements free	Source

Trade finance

6 tariff records

6 of 6 records

			Source
Outward Bills Purchase (OBP)Commission	2.00% of amount · minimum ETB 250.00	Minimum 250 ETB	Source
Outward Bills Collection (OBC)Collection commission	1.50% of amount · minimum ETB 250.00	Minimum 250 ETB	Source
Domestic guarantees (all types)Guarantee commission	0.13%–3.00% of amount	—	Source
Foreign guarantee against counter-guaranteeGuarantee commission	0.25%–0.75% of amount	Depending on guarantee value — Outgoing guarantee (deposit/credit backed) 0.25-1%	Source
Import LC opening/amendmentLC opening commission	2.00%–4.00% of amount	From LCY accounts; depends on account class — FCY-account-funded LCs exempt; excess drawing on FOB 2-4%	Source
LC advising/extension/confirmationAdvising/confirmation fee	Free	Negotiation commission also free	Source

Research notes

Mobile apps: Zemen Mobile Banking
USSD: *844#

Comprehensive tariff page incl. sector loan rate bands (last modified 2025-04-01). Launched Z-Qamar interest-free banking in June 2026 (target 10000 customers year 1). Call centre 6500. | Social review: five platform URLs populated; inherited versus newly cross-linked provenance in Social_Coverage.md. Public2025-26post search is bounded, not exhaustive.

Provider sources

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