Tariff Guide

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Tariff Guide

Our fees and charges are most competitive in the market

SAVINGS ACCOUNTS TZS USD GBP EUR
Monthly Account Statement FREE FREE FREE N/A
Interim statement – per page 1,000.00 1.00 1.00 N/A
Cash withdrawal charge over the counter > 500,000.00 = FREE > 10,000 = 0.5% of the withdrawal amount > 10,000 = 0.5% of the withdrawal amount N/A
<= 500,000.00 = 1,000.00 <= 10,000 = 5.00 <= 10,000 = 5.00 N/A
Bulk cash deposit charge on small denominations 3.00% 3.00% 3.00% N/A
Closure of Savings Account 20,000.00 5.00 5.00 N/A
Inward Cheque Unpaid (Cheque Returned by Other Bank) 10,000.00 5.00 N/A N/A
Standing orders (within bank in local/foreign currency) 1,500.00 0.50 0.50 N/A
Standing orders (to other banks in local currency) 11,800.00 N/A N/A N/A
Standing orders (to other banks in foreign currency) N/A <= 10,000 = 3.00 <= 10,000 = 3.00 N/A
N/A > 10,000 = 10.00 > 10,000 = 10.00 N/A
Unpaid standing orders 40,000.00 20.00 20.00 N/A
Certificate of balance 50,000.00 25.00 25.00 N/A
Letter of introduction 50,000.00 25.00 25.00 N/A
Cheque force clearance charge (with 1 day float) 20,000.00 10.00 N/A N/A
Cheque force clearance charge (with > 1 day float) 40,000.00 20.00 N/A N/A
Dormant Account Charge FREE FREE FREE N/A
Dormant Account Reactivation Charge FREE FREE FREE N/A
Savings Account Maintenance Charge 1,000.00 2.50 2.50 N/A
Internal Account Transfers FREE FREE FREE FREE
Interbranch Account Transfers FREE FREE FREE FREE
Savings Account Opening Balance 20,000.00 50.00 50.00 N/A
CURRENT ACCOUNTS TZS USD GBP EUR
Monthly Account Statement FREE FREE N/A FREE
Interim statement – per page 1,000.00 1.00 N/A 1.00
Cash withdrawal charge over the counter > 5,000,000.00 = 2,000.00 > 10,000 = 0.5% of the withdrawal amount N/A > 10,000 = 0.5% of the withdrawal amount
<= 5,000,000.00 = FREE <= 10,000 = 5.00 N/A <= 10,000 = 5.00
3rd party cash withdrawal per cheque leaf 30,000.00 30.00 N/A 30.00
Bulk cash deposit charge on small denominations 3.00% 3.00% N/A 3.00%
Closure of Current Account 30,000.00 15.00 N/A 15.00
Counter cheque charges per leaf 20,000.00 20.00 N/A 20.00
Personal Cheque Book Charge (25 leaves) 20,000.00 10.00 N/A 10.00
Corporate Cheque Book Charge (50 leaves) 50,000.00 20.00 N/A 20.00
Corporate Cheque Book Charge (100 leaves) 70,000.00 35.00 N/A 35.00
Stop Payment Orders per instruction / Cheque series 40,000.00 20.00 N/A N/A
Outward Cheque Unpaid (Cheque Returned by ICB)
Refer to drawer 50,000.00 50.00 N/A N/A
Effects not cleared 30,000.00 30.00 N/A N/A
Any other technical reason 10,000.00 5.00 N/A N/A
Inward Cheque Unpaid (Cheque Returned by Other Bank) 10,000.00 5.00 N/A N/A
Inward cheque processing charge per leaf 500.00 1.00 N/A N/A
Uncollected cheque book charge (after one month) 10,000.00 5.00 N/A 5.00
Standing orders (within bank in local/foreign currency) 1,500.00 0.50 N/A 0.50
Standing orders (to other banks in local currency) 11,800.00 N/A N/A N/A
Standing orders (to other banks in foreign currency) N/A <= 10,000 = 3.00 N/A <= 10,000 = 3.00
N/A > 10,000 = 10.00 N/A > 10,000 = 10.00
Unpaid standing orders 40,000.00 20.00 N/A 20.00
Certificate of balance 50,000.00 25.00 N/A 25.00
Letter of introduction 50,000.00 25.00 N/A 25.00
Salary handling FREE FREE FREE FREE
School fees deposits FREE FREE FREE FREE
Cheque force clearance charge (with 1 day float) 20,000.00 10.00 N/A N/A
Cheque force clearance charge (with > 1 day float) 40,000.00 20.00 N/A N/A
Dormant Account Charge 25,000.00 15.00 N/A 15.00
Dormant Account Reactivation Charge FREE FREE FREE FREE
Current Account Maintenance Charge 10,000.00 5.00 N/A 5.00
Corporate Premier Account Maintenance Charge 20,000.00 20.00 N/A N/A
Individual Premier Account Maintanance Charge 20,000.00 N/A N/A N/A
Lost Cheque charges 20,000.00 18.00 N/A 18.00
Internal Account Transfers FREE FREE FREE FREE
Interbranch Account Transfers FREE FREE FREE FREE
Normal Current Account Opening Balance 50,000.00 50.00 N/A 50.00
Premier Current Account Opening Balance 1,000,000.00 1,000.00 N/A N/A
REMITTANCE TZS USD GBP EUR
Bankers Cheque charges
Issuance of Bankers Cheque (account holders) 15,000.00 10.00 N/A N/A
Re-Purchase of Bankers cheque on customer request 20,000.00 10.00 N/A N/A
Electronic Funds Transfer (EFT) charges
Inward EFT 300.00 N/A N/A N/A
Outward EFT 11,800.00 N/A N/A N/A
TISS charges
Inward local Telegraphic Transfer FREE FREE N/A N/A
Outward local Telegraphic Transfer 11,800.00 11.80 N/A N/A
Foreign Telegraphic Transfer charges
Outward foreign telegraphic transfers N/A <= 50,000 = 50.00 <= 50,000 = 50.00 <= 50,000 = 50.00
N/A > 50,000 = 75.00 > 50,000 = 75.00 > 50,000 = 75.00
Inward foreign telegraphic transfers N/A 15.00 15.00 15.00
TRADE FINANCE TZS USD GBP EUR
Bonds & Guarantees
Issuance of Bid Bond – Cash cover 0.5% per Quarter
Issuance of Bid Bond – Other Security 1.42% per Quarter
Performance Bond – Cash Cover 0.5% per Quarter
Performance Bond – Other security 1.42% per Quarter
Extensions 1.42% per Quarter
Amendments Simple amendments USD50.00 or its equivalent
Cancellations of Returned Guarantees FREE
Cancellations of Guarantees if not Returned TZS 20,000.00 or its equivalent
Advance Payment Guarantees
Issuance – Cash cover 0.5% per Quarter (min TZS 100,000 or its equivalent)
Issuance – Security 1.42% per Quarter (min TZS 100,000 or its equivalent)
Import Collections (IC) – Inward Foreign Doc & Bills for Collections
Handling Commissions 0.5% of the invoice amount (min USD 100.00 or its equivalent)
Correspondence swift charges USD 50.00 or its equivalent
Export Collections (EC) – Outward Foreign Doc & Bills for Collections
Handling Commissions 0.5% of the invoice amount (min USD 100.00 or its equivalent)
Correspondence Commission-per tracer USD 50.00 or its equivalent
Courier Charges USD 100.00 or its equivalent
ATM TRANSACTIONS TZS USD GBP EUR
Mini-Statement (last 10 transactions) FREE N/A N/A N/A
Balance Enquiry (with or without receipt) FREE N/A N/A N/A
Transfer to own account FREE N/A N/A N/A
Cheque book request FREE N/A N/A N/A
Statement Request FREE N/A N/A N/A
Issuance of ATM Card (pin-mailer & ATM Card) 6,000.00 N/A N/A N/A
Re-issuance of ATM Card (pin-mailer & ATM Card) 10,000.00 N/A N/A N/A
Re-issuance of Pin-Mailer 6,000.00 N/A N/A N/A
ATM Cash Withdrawal 600.00 N/A N/A N/A
ATM Monthly Account Maintenance Fee 1000.00 N/A N/A N/A
Transfer to 3rd party account (ICB customer) FREE N/A N/A N/A
LOANS & ADVANCES TZS USD GBP EUR
Base Lending Rate (BLR) 24% 10% N/A N/A
Loan Processing Fee 1.82% 1.82% N/A N/A
Early Loan Settlement 1.00% 1.00% N/A N/A
Temporary Overdraft (TOD) Interest 29% 15% N/A N/A
Excess Overdraft (EOD) Interest 29% 15% N/A N/A
Overdraft Commitment Fee 1.42% 1.42% N/A N/A

General Conditions:

  • Above tariff guide is effective from 19th October 2019.
  • Fees and charges levied on the bank’s products and services are made available at our branches, website, relevant marketing materials and product brochures for ease of reference for our customers.
  • Any changes to the fees and charges as well as other terms and conditions of the products and services shall be communicated to the customers with sufficient notice.