Benefits

    Free unlimited deposit on ATM and counter

    Credit interest after maintaining an average balance of certain amount as will be decided later

    Interest will be accruing daily but payment is quarterly

    Monthly fees free if the group maintain certain threshold on average balance

    Free mobile banking and internet banking access

    Requirements

    Required operating balance: TZS20,000

    Required opening balance: TZS10,000

    Credit interest is applicable above the minimum threshold of the average balance

    Open account now

    • Fees

      • Monthly fee is free if the monthly average balance is greater than or equal to TZS1 million; otherwise it is TZS3,000
      • Counter cash withdrawal fee: 
        • Minimum - TZS 5.0 million: TZS3,000
        • TZS5.1 million - TZS10 million: TZS4,000
        • TZS10.1 million - TZS20 million: TZS7,500
        • Above TZS20 million: 0.15% maximum TZS150,000
      • Chequebook fee is TZS500 per leaf

    • Documents required to apply

      • Registered or unregistered group constitution
      • Board resolution which clearly states the intension of the group to open an account with Absa Bank, signing members and signing mandates of signatories
      • Cover letter addressed to the bank for account opening
      • Address verification document of signatories (e.g. letter of introduction from either local government ward executive, advocate, or employer)
      • One of the identity cards (driving license, national identity card, passport, voter’s ID)
      • One passport-sized photo from each signatory

    Open your account now




    Need more help?

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

    Email us:

    talktous@absa.co.tz