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 not applicable

    Open account now

    • 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

    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