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Current Account From Banks
These are current accounts opened as limited Companies as well as sole proprietors licensed to carry out business activities in Tanzania
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Benefits
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Features
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Eligibility
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Documentation
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Interest Rates & Charges
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Terms & Conditions
- No Charges for Internet Banking
- Free SMS alert facility
- No charges for foreign currency withdraw up to 2000/- USD
- No charges withdrawal up to 25Mn for TZS account
- No charges for monthly statements
- No monthly charges
- The minimum opening balance for this account is Tshs. 200,000/- , USD 200/- , GBP 200 or EUR 200 for each current account.
- Any company registered and licenced to carry out business activities in Tanzania.
- Account opening form to be filled +specimen card.
- Two (2) passport size photos of each signatory.
- Passport copies for all signatories. (If expatriates then work permit and residence permit copy is required).
- NIDA card copies for all the signatories.
- TIN certificate copy. (For both company and signatories).
- Physical Address proof. (For both company and signatories).
- Tax clearance certificate.
- Business licence (VALID)
- Copy of latest auditors’ report and account of company.
- Memorundum & articles of association
- one (1) Introducer known to the bank
- No interest Rate paid to Current accounts.
- Charges for not maintaining minimum balance TZS 18,000 pm and USD 15 pm
- Account maintenance charges TZS 18000 H / year and USD 18 H / year
Minimum and Maximum Amount
| Savings | |
| Minimum amount: | TZS 200,000 for TZS account USD 200 for USD account |
| Maximum amount: | No limit |
