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Simplify Bulk and Recurring Payments with ease
Make everyday payments simple, secure, and efficient with Electronic Funds Transfer (EFT) through the Tanzania Automated Clearing House (TACH). Ideal for salaries, supplier payments, and bulk transactions, this service offers a cost-effective solution for businesses and organizations.
Features & Benefits
Timely Settlement
Funds are settled according to scheduled clearing cycles, typically same-day or next-business-day, ensuring reliable payment processing.
Scheduled Availability
Payments are processed during TACH clearing windows, making EFT ideal for routine and bulk transfers.
Currency
Easily transfer funds in TZS
Low-Value Payments
Perfect for corporate clients, large businesses, and institutions, with payments below TZS 20 million per transaction.
Cost-Efficient
Designed for bulk and recurring payments, helping businesses save on transaction costs.
Convenient Access
Available through our branches and ICB Digital (mobile & internet banking).
Immediate Notifications
Get instant notification by email and sms on your payments.
Safe & Secure Banking
Enjoy complete peace of mind with secure and regulated financial services.
Tariff Guides
Refer to tariff guide
Requirements
Available to ICB savings and current account holders.
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