JazzCash has recently made an announcement regarding new charges on cash deposits that have garnered attention from its customers. The highly-regarded mobile wallet and branchless banking service provider has disclosed an updated fee structure for cash deposits that will go into effect starting September 2023.
JazzCash’s new charges include a fee of 0.50pc plus FED for deposits ranging from Rs50 to Rs20,000 and a fee of Rs100 plus FED for deposits exceeding Rs20,000. While this news may cause some concern for customers, there is still much to appreciate about JazzCash’s mobile account services, money transfer capabilities, bill payment options, extensive card offerings, and practical insurance and savings plans.
Jazz Mobile Account Services Charges
JazzCash, the highly-regarded mobile wallet and branchless banking service provider, has announced the implementation of a new fee structure for cash deposits, due to take effect in September 2023. For deposits ranging from Rs50 to Rs20,000, a fee of 0.50pc plus FED will now be levied.
Deposits exceeding Rs20,000 will incur a charge of Rs100 plus FED. While the new fee structure could potentially bring about some concern among customers, the broad range of services offered by JazzCash, such as versatile mobile account services, efficient money transfer capabilities, convenient bill payment options, an extensive collection of card offerings, and practical insurance and savings plans, continue to make it an appealing choice.
Here’s a quick overview of JazzCash’s fee structure:
General Services Charges:
- Account in-activity fee (for 12 months of inactivity) – Rs. 100
- Mini Statement – Rs. 100
- Asaan Digital Account Balance Check via USSD Code – No charges
- USSD Platform Fee per Transaction – Rs. 0.5
- In-App BVS Pricing – Rs. 1
- Cash-In Pricing For Rs. 20,000: 0.5% Amount + Tax, For Rs. 20,001+: Rs. 100 + Tax.
| Product | Charges |
|---|---|
| Account in-activity fee Applicable if there is no account activity for 12 months | Rs. 100 |
| Mini Statement | Rs. 100 |
| Asaan Digital Account Balance Check via USSD Code | No Charges |
| USSD Platform Fee/ Transaction | Rs. 0.5 |
| In App BVS Pricing | Rs. 1 |
| Cash-In Pricing For Rs. 20,000: 0.5% Amount + Tax, For Rs. 20,001+: Rs. 100 + Tax | Rs. 100 Tax for Rs. 20,001 and above |
| Rs. 50 20,000: 0.5% Amount + Tax for Rs. 20,000 and below |
Jazzcash Money Transfer Charges
Transfer charges vary between Rs. 55 for amounts up to Rs. 1,000 and Rs. 650 for amounts between Rs. 20,001 to Rs. 25,000.
| Amount (Rs.) | Transfer Charge (PKR.) |
|---|---|
| 0 – 1,000 | 55 |
| 1,001 – 2,500 | 110 |
| 2,501 – 4,000 | 160 |
| 4,001 – 6,000 | 215 |
| 6,001 – 8,000 | 270 |
| 8,001 – 10,000 | 320 |
| 10,001 – 13,000 | 375 |
| 13,001 – 16,000 | 430 |
| 16,001 – 20,000 | 500 |
| 20,001 – 25,000 | 650 |
| Amount Range (Rs.) | Transfer Charge (PKR.) |
|---|---|
| 1-200 | 7 |
| 201-500 | 12 |
| 501-1,000 | 20 |
| 1,001-2,500 | 40 |
| 2,501-4,000 | 70 |
| 4,001-6,000 | 100 |
| 6,001-8,000 | 130 |
| 8,001-10,000 | 180 |
| 10,001-13,000 | 230 |
| 13,001-16,000 | 280 |
| 16,001-20,000 | 330 |
| 20,001-25,000 | 380 |
| 25,001-30,000 | 470 |
| 30,001-40,000 | 560 |
| 40,001-50,000 | 690 |
Jazzcash Insurance and Savings Charges
Charges range from Rs. 83 for Sehat Sahulat Monthly to Rs. 2320 for Dost Mufahiz Women Health.
| Services | Charges |
|---|---|
| Sehat Sahulat Annual | Rs. 999 |
| Sehat Sahulat Monthly | Rs. 83 |
| Beema Annual | Rs. 300 |
| Family Tahafuz Annual | Rs. 1999 |
| Family Tahafuz Monthly | Rs. 165 |
| Family Tahafuz Premium Annual | Rs. 4499 |
| Family Tahafuz Premium Monthly | Rs. 370 |
| Mahfooz Mustaqbil | Rs. 549 |
| Income Protection Plan Annual | Rs. 1500 |
| Income Protection Plan Monthly | Rs. 124 |
| Bachat Account | Interest shall be paid at applicable rates. |
| Term Takaful | Rs. 1600 |
| Dost Muhafiz | Rs. 1160 |
| Dost Mufahiz Women Health | Rs. 2320 |
| Motorway Insurance | Rs. 140 |
Jazzcash Cards Charges
- PayPak Debit Card Issuance (User name and delivery) – Rs. 999
- Master Card Physical Card Issuance Fee – Rs. 799
| Product | Charges |
|---|---|
| PayPak Debit Card Issuance User name and delivery | Rs. 999 |
| PayPak Debit Card Annual Fee | Rs. 299 |
| Re-carding Fee (Non EMV Card to PayPak Card) | Rs. 250 |
| Master Card Physical Card Issuance Fee | Rs. 799 |
| Master Card Physical Card Annual Fee (Applicable from Jan’24) | Rs. 99 |
| Master Card Physical Card Replacement Fee | Rs. 599 |
| Master Card Virtual Card Issuance Fee | Rs. 300 |
| Master Card Virtual Card Annual Fee | N/A |
| Cash Out from ATM | Free |
Jazzcash Bill Payment
- No charges for Postpaid Bill Payment and Prepaid Load
- Utility Bill Payment – Rs. 5.00 per bill for the first three bill payments in a month, then Rs. 20.00 per bill after the third bill, and Rs. 30.00 per bill after the ninth bill in a month.
| Service | Charges |
|---|---|
| Postpaid Bill Payment | No Charges |
| Prepaid Load | No Charges |
| Other Operator Prepaid Load through Mobile | No Charges |
| Internet Bill Payment | Rs. 599 |
| Utility Bill Payment | 5.00 per bill (inclusive of tax) for first 3 bill payments in a month of Rs. 20.00 (tax inclusive) per bill after payment of third bill in a month Rs. 30.00 per bill (inclusive of tax) after payment of 9th bill in a month of Rs. Charges by calendar month. |
Please refer to the detailed fee structure for specifics on other service charges.
At JazzCash, we are committed to providing our customers with the best quality service and convenience. We hope that this fee update does not cause any inconvenience and thank you for your continued patronage.
We also want to remind you of the several other services that JazzCash has to offer, such as their innovative loyalty program which provides rewards for frequent usage of JazzCash services, and their ever-growing array of partners for discounts, offers, and rewards.
JazzCash also ensures the safety and security of your money by employing modern techniques to ensure that all transactions are verified before being processed. Furthermore, customers can also opt for other features such as fraud notifications and transaction alerts to further protect their funds.