POS Moza Business

With the POS Moza Business you can access an Authorised Overdraft with special conditions and immediate availability to add value to your business at any time and whenever you need it, through normal use of the Current Account.

Benefits:

• Attractive interest rate;
• Simple and flexible subscription;
• Set-up fee waived;
• Pre-Approved Financing.

Characteristics

Interest rate: Financial System Prime Rate + Spread of 1.00%**;

Term: Minimum 6 months and maximum 12 months.

*Average volume traded via POS in the last 6 months,

** May vary according to market conditions.

Requirements

• Be a POS Moza account holder;
• To access the authorised overdraft facility:- Individual and SME (Retail and Private) customers
• Monthly average volume of POS transactions equal to or above 100,000.00 MT;

 - New subscriptions

Customers new to the market - the overdraft will be charged 30 days following installation of the POS;

Customers with accounts in other banks - must provide proof of financial involvement, as well as a statement of account for the last 6 months and a financial statement / balance sheet for the last 3 months.