• Benefits of SME banking

    • 50 free transactions monthly
    • Favourable interest rates for loans
    • Free internet banking for 6 months
    • Free SMS alerts for rates and transfers
    • Free chequebooks and monthly statements
    • Fast-tracked account opening
    • Free access to our trade finance and cash management solutions
    • Discount for outward telegraphic transfer (TT)
    • Dedicated relationship manager for your banking needs

  • SME business accounts

    • Business Current Account is best suited for start-ups and businesses with lower turnovers
    • SME Enterprise Account is an account designed to meet multiple needs of depositors in one offering
    • Business Foreign Currency Account is best suited for importers and exporters who make cross-border payments

  • Documents required

    The following are common requirements for sole proprietors, partnerships and limited companies account opening:

     

    • Business licence
    • Two passport photos
    • TIN/VAT certificate and letter of introduction
    • Address verification document (e.g. utility bills or title deed)
    • ID documents (passport, voter’s ID, driver’s licence or national ID for Zanzibar only)
    Specific requirements that apply to partnerships and limited companies:

    Requirement

    Partnership

    Company

    Board resolution

    X

    √

    Memorandum and articles of association

    X

    √

    Partnership deed

    √

    X

    Certificate of registration

    X

    √

    Management structure and organogram

    √

    √

    Latest audited accounts

    X

    √

    Certificate of incorporation/compliance

    X

    √
Need more help?

Call us:
0800750078 (Toll free)
+255 (0)746 882 000 (Network charges apply)

Email us:
talktous@absa.co.tz