Standard Current Account

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.

  • Free monthly e-statements
  • Personalized cheque book
  • Free internal transfers
  • Access to mobile banking & internet banking
  • Free debit alerts on mobile banking
  • 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)
  • Monthly ledger fee - TZS 15,000 / USD 10
  • Transaction fee: debit & credit - TZS 300 / USD 0.10
  • Over the counter cash withdrawal fee - TZS 5,000
  • 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 500 (per transaction)
  • Dormant account activation - free
  • 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
  • *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
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