The Prestige Current Account

  • What you get

    Benefits of this account 
    • Free Twin Reward savings account
    • Free debit card available for the first issuance
    • Free packaged insurance
    • Free SMS alerts
    • Free ATM withdrawal and deposit
    • Free chequebook
    • Free internet banking access
    • Free mobile banking access
    • Access to exclusive service centres
    • Monthly cashback rewards
    • Salary retrenchement cover
    • Internet banking with no sign-up fee
    • Unlimited ATM transactions on Absa Bank Tanzania ATMs
    • Bundled banking transactions and charges*
    • Access to international and local trips for business owners
    Requirements for this account
    • The account is available in Tanzanian shillings only
    • Minimum monthly salary: TZS2,000,000
    • Operating balance: TZS20,000
    • Credit interest is not applicable

  • Fees

    • Bundled maintanance fees is TZS25,000 for average balance below TZS30 million (otherwise free)
    • Counter cash withdrawal fee is TZS5,000 for amount up to TZS20 million else is 0.15% of the value maximum TZS100,000

  • Documents required

    What to bring if you apply at a branch
    •  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

The Prestige Current Plus Account

  • What you get

    Benefits of this account 
    • Free monthly internet banking access
    • Free mobile banking access
    • Free debit card available for the first issuance
    • Free ATM deposit
    Requirements for this account
    • Opening balance: TZS20,000
    • Operating balance: TZS30,000

    * As a Prestige Banking customer, your monthly fees will be waived based on tiered balances

  • Fees

    • Bundled maintenance fees is TZS17,000
    • Counter cash withdrawal fee is TZS5,000 for amount up to TZS20 million  else 0.15% of the value maximum TZS100,000
    • ATM withdrawal free on us TZS1200 if withdrawal is less than TZS200,000 and TZS1,500  if whithdrawal is greater or equal to TZS200,000
    • Chequebook fee  is TZS700 per leaf
    • Telegraphic transfer commission: USD 85 flat
    • ATM withdrawal fee:
      TZS100,000 (min) is TZS1,400
      TZS100,001 - TZS200,000 is TZS1,600
      TZS200,001 - TZS400,000 is TZS1,800
      TZS400,001 - TZS600,000 is TZS2,300

  • Documents required

    What to bring if you apply at a branch
    •  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

Prestige Bonus Savings Account

  • What you get

    Benefits of this account
    • Counter withdrawal fee an affordable charge based on the withdrawal amount
    • Competitive quarterly interest rate based on tiered balance; accruing daily and paid quarterly 
    • Unlimited ATM withdrawals and deposits 
    • Free mobile banking access
    • Free internet banking access
    • Free debit card for the first issuance for shopping online, through POS or ATMs
    Requirements for this account
    • Opening balance is TZS30,000
    • Operating balance is TZS30,000
    • Income criteria is monthly net salary ranging from TZS2 million to TZS6 million
    • Interest balance is TZS1,000,000
    • Debit card is applicable
    • Chequebook is not applicable
    • Credit interest is available
    • Bonus interest is available if not more than 1 withdrawal per quarter

  • Fees

    • Bundled maintenance fees is TZS8,000 if monthly average balance is below TZS1 million
    • Counter cash withdrawal fee is TZS5,000 for amount up to TZS20 million else 0.15% of value maximum TZS100,000
    • ATM withdrawal fee
      TZS100,000 (min) is TZS1,400
      TZS100,001 - TZS200,000 is TZS1,600
      TZS200,001 - TZS400,000 is TZS1,800
      TZS400,001 - TZS600,000 is TZS2,300

  • Documents required

    What to bring if you apply at a branch
    • 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

Prestige Savings Account Plus

  • What you get

    Benefits of this account
    • Free internet banking access
    • Free mobile banking access
    • Free debit card for first issuance
    • Free ATM deposit
    Requirements for this account
    • Operating balance is TZS20,000
    • Opening balance is not applicable
    • Credit interest balance is TZS15,000,000
    • Chequebook is not applicable

  • Fees

    • Bundled maintenance fee is TZS8,000 for average balances below TZS5 million, and else is free
    • Counter cash withdrawal fee is TZS5,000 for amounts up to TZS20 million, else 0.15% of value maximum TZS100,00
    • ATM withdrawal fee on us:
      TZS100,000 (min) is TZS1,400
      TZS100,001 - TZS200,000 is TZS1,600
      TZS200,001 - TZS400,000 is TZS1,800
      TZS400,001 - TZS600,000 is TZS2,300

  • Documents required

    What to bring if you apply at a branch
    •  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

  • What you get

    Benefits
    • Free ATM withdrawal on us
    • Free Twin Reward savings
    • Free internet banking access
    • Free mobile banking access
    • Free ATM deposit
    • Free debit card for the first issuance
    • Free chequebook

  • Requirements

    You qualify for this product if you: 
    • Have an open Prestige Current Account
    • Have an open Prestige Plus Current Account
    • Have an open Prestige Bonus Savings Account
    • Have a minimum monthly salary TSZ2,000,000
    What you need to know
    • Product available only in TZS
    • Credit interest is not applicable

  • Documents required

    What to bring if you apply at a branch
    •  Valid identity card ( drving 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

  • Fees

    • Counter cash withdrawal fee on us is TZS5,000 for amount up to TZS20 million else is 0.15% of the value maximum  TZS100,000
    • Monthly fee is TZS30,000  if average cummulative balance from (Prestige current account, Prestige Account Plus and Prestige Savings Account) is greater or equal to TZS50m. below that, fee is TZS60,000 
    • Telegraphic transfer commission  USD85 flat
Need more help?

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

Email us:

talktous@absa.co.tz