NBS Bank plc > Services > Digital Banking > Card Payment Solutions

Card Payment Solutions

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Debit Card

Debit cards allow you to spend money that you already have in your account

Product Features
  • Visa Branded
  • Instant access to cash
  • Embossed and segmented in 4 types (Platinum, Gold, Silver and Classic)
  • Contain 16-digit card number, customer name and expiry date on the front
  • Card verification number (CVV) is displayed at the back (last 3 digits)
  • Comes with limits for both cross border and local transactions
  • Linked to multiple bank accounts
Target Market
  • All NBS Bank customers
Customer Benefit
  • Secure, PIN protected and EMV compliant (chip and magstripe)
  • Safe, you don’t have to carry cash or a cheque book
  • Convenience, used on all card channels (POS, E-Commerce and ATM)
  • Readily accepted, can be used anywhere in the world where the VISA sign is displayed
  • Pre-approved limits; enjoy limits of up to USD 5,000 for use abroad and USD 500 per pay for e-commerce without contacting the bank
Pricing
  • New Visa card – Red Card (MWK 7,000.00), Silver Card (MWK 10,000.00), Gold Card (MWK 15,000.00) and Platinum card (K18,000.00)
  • Visa Red Card monthly charge – MWK 550.00
  • Visa Silver Card monthly charge – MWK 600.00
  • Visa Gold Card monthly charge – MWK 700.00
  • Visa Platinum monthly charge – MWK 800.00

Credit Card

Credit cards provides you with a revolving line of credit

Product Features
  • Visa Branded
  • EMV chip technology
  • Contain 16-digit card number, customer name and expiry date on the front
  • Card verification number (CVV) is displayed at the back (last 3 digits)
  • Comes with limits for both cross border and local transactions
  • 3 monthly repayments for the amount utilized
Target Market
  • All NBS Bank customers
Customer Benefit
  • Secure, PIN protected and EMV compliant (chip and magstripe)
  • Safe, you don’t have to carry cash or a cheque book
  • Convenience, used on all card channels (POS, E-Commerce and ATM)
  • Readily accepted, can be used anywhere in the world where the VISA sign is displayed
  • Pre-approved credit limits; enjoy limits of up to USD 10,000
  • Spend up to your credit limit and pay later
Pricing
  • New and replace card Gold card charge – MWK 44,400.00
  • Annual fees – MWK 22,200.00
  • Late payment penalties (USD) – MWK 37,000.00
  • Over limit fees – MWK 37,000.00
  • Pin mailer reproduction – MWK 3,700.00
  • International ATM withdrawal – MWK 4,500.00
  • ATM cash withdrawal domestic – MWK 1,500.00

Cash Passport

Product Features
  • Mastercard branded
  • Prepaid multicurrency card
  • Chip and PIN protected
  • Not linked to your bank account
  • 24/7 global assistance
  • Additional card available as a backup
Target Market
  • All NBS Bank customers
Customer Benefit
  • Load your card as many times as possible
  • Safe, you don’t have to carry cash or a cheque book
  • Convenience, used on all card channels (POS, E-Commerce and ATM)
  • Readily accepted, can be used anywhere in the world where the Mastercard sign is displayed
  • Locked-in exchange rate each time you load
  • Manage your card on-the-go with the Mastercard handy mobile app
Pricing
  • New card fee – $17

Point of Sale (POS)

POS machine is designed to assist both customer and merchant to have less access to physical cash on site. Our devices are stand alone and accepts Natswitch and VISA branded cards. Customers use their debit and credit cards at various merchant shops or establishments to pay directly to the merchants account

Target Market
  • All NBS Bank customers
Merchant Benefits
  • Reduced cost of handling cash and getting it to and from the Bank
  • Increased security as no one can access the cash even if they steal the device
  • Easy reconciliations as we provide daily, weekly and monthly reports on all transactions
  • Increased customer spend and hence sales of the business customer by at least 30% with POS purchases
  • Improves individual customer experience in the shop as POS provides convenience
Pricing
  • Free

Autoteller Machine (ATM)

Enables the clients to perform financial transactions without the need for a cashier, human clerk or bank teller. Customers can either use a card or mobile device to access to withdraw funds

Target Market
  • All NBS Bank customers and Other banks customers
Customer Benefit
  • Card-less withdrawal , Account Balance Inquiry
  • Mini Account Statements, Cash Withdrawal
Pricing
  • Cash withdrawal fee – MWK 300.00
  • Balance Inquiry – MWK 125.00
  • Mini-statement – MWK 300.00