THE Bankers Association of Zambia (BAZ) has clarified that the tariff adjustments which some banks plan on effecting are made on an annual basis. FNB Zambia has been notifying its customers via text message that the bank plans to effect some tariff adjustments. “Please be advised that our bank tariffs will be adjusted effective 9 October, 2024. Call 362 for more info,” wrote FNB. Commenting on this in an interview, Tuesday, BAZ Chief Executive Officer Leonard Mwanza explained that proposed tariff adjustment was subject to the Bank of Zambia’s approval. “Tariffs are reviewed on an annual basis. So, what banks do, they will give you their costs and then you look at how the charges are, are [they] in line...