Standard Current Account
product term
Account for local businesses in the Small and Medium scale. This is a non-interest bearing Account with fixed monthly ledger fee.
Target market - business entities - sole proprietors, partnerships, limited and unlimited companies.
Benefits
- Free monthly e-statements
- Personalized cheque book
- Free internal transfers
- Access to mobile banking & internet banking
- Free debit alerts on mobile banking
Features
- Currency - Tanzania Shillings (TZS) & United States Dollar (USD)
- Minimum / opening balance - TZS 50,000 / USD 50
- Channels / accounts & information access -:
- Debit Card (Sole Proprietorship only in TZS)
- Cheque book & E-statements
- Mobile banking (Sole Proprietorships) (m24/7)
- Internet banking (i24/7)
Charges
- Monthly ledger fee - TZS 10,000 / USD 10
- Transaction fee: debit & credit - TZS 300 / USD 0.10
- Over the counter cash withdrawal fee - TZS 1,000
- USD withdrawals -:
- Withdrawals up to USD 10,000 – 0.5%
- Withdrawals from USD 10,001 – 1%
- Cash handling denominations less than USD 50 – 5%
- Non-maintenance of average balance - TZS 15,000 / USD 5
- Over the counter transaction fee - TZS 300 (per transaction)
- Dormant account activation - TZS 12,000 / USD 10
- 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 – TZS 4,000
- Monthly subscription charges – TZS 2,000 Token fee (Soft Token) – free
- PIN re-generation – free
- *All fees are subject to an 18% value added tax
- TZS Cheque books -:
- 25 leaf book - TZS 12,500
- 50 leaf book - TZS 25,000
- 100 leaf book -TZS 50,000
- USD Cheque books -:
- 25 leaf book - USD 7.5
- 50 leaf book - USD 15
- 100 leaf book - USD 30
- *All fees are subject to an 18% value added tax
product_id
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