
Community Account
An exclusive product for not-for-profit or non-government organizations (NGOs), such as clubs, societies, religious entities / churches, associations, and charities. In recognition of the work being undertaken by these entities, a low-cost banking solution is paramount for their existence.
These entities can save on banking fees in day-to-day operations of Community Account.
Target market - not-for-profit entities or non-government organizations (NGOs).
Benefits
- Interest on balances above TZS 50 million/USD 50,000 based on the average monthly balance
- Available in TZS & USD
- Nil opening balance and nil minimum balance threshold
- Nil ledger fees
- Free balance enquiries
- Free bankers cheque
- Free cash withdrawals with no restrictions to amount and frequency
- Free cash deposits
- Free incoming transfers
- Free internal transfers to another DTB Community Account
- Free debit alerts functionality
- Access to Mobile Banking (m24/7) & Internet banking (i24/7)
- Free cash withdrawal on local currency
Features
- Currency - Tanzania Shillings and United States Dollars (TZS & USD)
- Opening balance - nil
- Minimum balance - nil
- Channels / accounts & information access -:
- Cheque book
- E-statements
- Mobile banking (m24/7)
- Internet banking (i24/7)
Charges
- Monthly ledger fee - nil
- Transaction fee: debit & credit - nil
- USD Withdrawals
- Withdrawals free
- Cash handling denominations less than USD 50 - 5%
- Mobile Banking (m24/7) Fees -:
- Mobile banking registrations - free
- Monthly subscription charges - free
- Credit alerts - TZS 50 / USD 0.10
- Daily / Weekly / Monthly balance alerts - TZS 50 / USD 0.10
- Internet Banking (i24/7)) Fees -:
- Internet banking registrations - free
- Monthly subscription charges - free
- Token fee (Soft Token) - free
- PIN re-generation - free
- Cheque Books -:
- 25 leaf book - TZS 12,500
- 50 leaf book - TZS 25,000
- 100 leaf book -TZS 50,000
- *All fees are subject to 18% Value Added Tax
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