A basic savings for individuals with no cheque book provision. The account has no ledger fees nor minimum balance. This serves as a point of entry product for the mass market i.e. first-time bank account.
Target market - individual customers - mass market.
DTB Value Savings Account is a basic saving account for persons who are interested in saving for future expenses.
Benefits
- No ledger fees / minimum balance
- Free monthly e-statements
- Mastercard debit card
- Withdrawal from any Mastercard ATMs worldwide
- Free internal transfers
- Access to mobile banking (m24/7)Access to internet banking (i24/7)
Features
- Currency - Tanzania Shillings
- Opening amount - nil
- Minimum balance - nil
- Channels / accounts & information access - mobile banking (m24/7) Internet banking (i24/7)
Charges
- Debit card - Mastercard
- New card issuance fee - free
- New PIN request / reset - free
- Card replacement - TZS 10,000
- Cards uncollected and destroyed - TZS 10,000
- Capture card fee - In DTB ATM’S - TZS 1,000
- Annual fees - TZS 3,000
- Withdrawal fees -:
- Cash withdrawal – DTB ATM per withdrawal TZS 1,200
- Other bank ATM withdrawal - in Tanzania TZS 3,000
- Other bank ATM withdrawal - outside Tanzania TZS 5,000
- Cash withdrawal – Over the counter - TZS 5,000
- *All fees are subject to an 18% value added tax
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