Junior Bonus Savings Account

Benefits

Give your child the perfect start by teaching them the value of saving early on. Our dedicated savings account is for children between the ages of 0 and 17 years.

Free internet banking
Free ATM deposit
Free debit card for first issuance
Free mobile banking
Bonus interest if not more than 1 withdrawal per quarter
No monthly fees

Requirements

Operating balance of TZS10,000
Opening balance is TZS10,000
Interest balance of TZS200,000
Chequebook is not applicable

Withdrawal fees
ATM withdrawal fees

Min - TZS100,000: TZS1,500

TZS100,001 - TZS200,000: TZS1,700

TZS200,001 - TZS400,000: TZS 2,000

TZS400,001 - TZS600,000: TZS 2,500

Counter cash withdrawal fee: TZS2000
Documents required to apply
For the child

Original birth certificate or adoption papers if child is adopted

For the guardian

Valid identity card (driving licence, national ID, passport or voter's ID)

Introduction letter from employer, from local government or from lawyer

Residential address letter from local government or utility bill receipt

Completed account opening application form