This article originally appeared on TechZim.

Even after the recent downward review of the bank charges, the truth is that RTGSs (and people looking to access their cash have to make a lot of them) at $3 a transaction, are still quite expensive to do. And of course EcoCash still charges the sender up to $7 for a $100 transfer to an unregistered number and a recipient $3 to cash it out — $10 transaction fees in total (see tariffs here).

The sad thing is that there’s a way to avoid these heavy bank charges. The awareness of how is just very low.

I hope this article is going to be very clear about how. If it’s not clear enough, please help me out by pointing out what I can simplify further or even just how we can help increase the awareness. Here goes:

There’s mobile money service that almost all banks offer. It’s almost like EcoCash but it uses ZimSwitch’s ZIPIT technology.

What ZIPIT is and why it’s a big deal

Here’s the list of banks and their USSD codes.

Ofcourse once the money has been transferred to you, you need to avoid withdrawing the cash as this will only attract the ridiculous charges by the banks ($4 I was charged by NMB last week for withdrawing $70). Use plastic money instead to enjoy the RBZ review charges.

Why you didn’t know about this yet

I personally think it’s because, even though this is one service — a ZIPIT service — the banks have different brands front it and they explain the service differently. CBZ for example are pushing the app angle very strongly. We hear NMB are planning the same.

Maybe banks should present consumers with the same message. Or maybe Zimswitch needs to do the marketing on behalf of the banks underscoring how this is the same simple way to transfer money. Or maybe, one clever bank needs to own the message and have the market all flocking to them.

This article originally appeared on TechZim.

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