Business / Companies
$200 withdrawal limit for AfrAsia depositors
11 Jul 2014 at 08:01hrs | Views
AFRASIA Bank depositors are grappling with limited cash withdrawals imposed by the bank as it struggles with liquidity problems.
Depositors have been left stranded as maximum withdrawals have been reduced to $200, leaving many frustrated.
One depositor said efforts to withdraw their money on Wednesday afternoon hit a brick wall when they were told by one of the bank tellers that there was no money and she did not know when to expect the next batch of cash.
Contacted for comment, the bank's spokesperson Sekai Chitemerere said withdrawal limits were an issue of timing.
This, she said, meant they have to limit withdrawals to ensure that the cash available can be distributed to as many depositors as possible.
She said customers could use the Point of Sale and Zimswitch facilities to access their cash.
Depositors have been left stranded as maximum withdrawals have been reduced to $200, leaving many frustrated.
One depositor said efforts to withdraw their money on Wednesday afternoon hit a brick wall when they were told by one of the bank tellers that there was no money and she did not know when to expect the next batch of cash.
This, she said, meant they have to limit withdrawals to ensure that the cash available can be distributed to as many depositors as possible.
She said customers could use the Point of Sale and Zimswitch facilities to access their cash.
Source - business digest
