Current Account

Current Accounts

 

A current account is an account, which allows account holders to deposit funds and withdraw on demand either by cheque, ATM card, standing order, direct debit or other means allowed by the bank.

A current account is available in TZS, USD, GBP and EUR. Cheque books are only issued for TZS and USD accounts.

Current account products are available for individual customers as well as business customers.

Convenience

  • Payment to third parties using cheques.
  • 24 hour access to cash by using ATM cards.
  • Bills or regular payments through standing orders.
  • Linked to 24 hour Online Banking on request.

Cost Saving

  • Free Online anking transfers to any NBC account and adhoc statement access.
  • Free monthly statements.
  • Free cash deposits.

Security

  • Your money is secure.
  • Confidentiality is maintained.
  • No risk of traveling with money.

Interest Earning

  • You can earn interest on Foreign Currency accounts subject to minimum balances being maintained.

Flexibility

  • Personalized services to customers can be arranged e.g. temporary overdraft to accommodate unexpected shortage of funds, etc.
  • There is no maximum limit on withdrawal.