Commercial accounts

Everyday bank transactions have never been this easy. This account offers you the optimum value for your money as there are no minimum balances and no interest payable on this account. Open your commercial current account and let us make banking a breeze. 

Benefits of this account

• Cash deposits and withdrawals
• Fund transfers
• SMS alerts
• ATM cum international business debit card
• Corporate internet banking
• Overdrafts/Loans based on credit ratings
• Cheque books
• Account sweeping
• Free daily account statements through email (eStatements)
• Merchant or point-of-sale facilities
• A dedicated relationship manager assigned to your account

Requirements for this account

• No minimum balance is required on the account
• We recommend a balance of TZS100,000 or ledger fees will apply
• No interest is paid on the credit balance in your Current Account
• A penalty charge is applicable on unauthorised overdrawn balances on this account
• Terms and conditions apply

Documents required to apply

You need to set up an appointment with the nearest relationship manager and provide us with the following documents:

• Your business registration documents*
• Business licence certificate if applicable to your business type
• A documentary proof of business address
• ID documents (passport, voter’s ID, driver’s licence or national ID for Zanzibar only)
• A documentary proof of address (not more than three months old) such as a utility bill for proprietor, partners, shareholders and/or directors

*Such as business name registration certificate (in case of sole traders or partnerships), or company registration certificate and other company formation documents such as memorandum and articles of association (in case of companies)   

Ideal for growing businesses that have diversified banking needs. As your business growth gains momentum, and your banking requirements begin to diversify, we can offer you a Call Account with the added benefit of earning interest on your funds, depending on market conditions. 

Benefits of this account

• Payable interest
• Mobile alerts
• Internet banking
• Account statements through email
• Account sweeping
• A dedicated relationship manager

Requirements for this account

• We offer call accounts in both local and foreign currencies
• There are no minimum balances and maintenance fee on the account
• This is a non-transactional account
• Funds will have to be transferred to a current account for any transactions
• Free statements are available as per your requirement to assist you in tracking your business activities