Telegraphic Transfer
Domestic Transfers
ICB provides fast and secure remittance services, be it locally or anywhere around the world.
A local telegraphic transfer is an electronic instruction to send or receive money using SWIFT platform from one bank account to another bank account within Tanzania where the settlement is done using Tanzania Inter-bank Settlement System (TISS), which is the country’s payments settlement system that processes high value and time sensitive payments on real time basis.
Send and receive money worry free with the highly secured SWIFT systemLocal telegraphic transfer can be done in TZS and USD currency
No charges for inward telegraphic transfer
Same day sending and receiving of funds through any of ICB bank branches
A payment sent through TISS is processed on real time, and therefore the beneficiary is assured of receiving the funds on the same day, hence an easy and convenient way of sending high value and time sensitive payments (payments exceeding TZS 20 million)
TISS reduces risks associated with physical movement of cash between the sender and the beneficiary
Competitive foreign exchange rates
Minimum flat charges apply for outward telegraphic transfer irrespective of the amount
-
Please refer to ICB Tariff Guide for fees and charges related to this product
-
This facility is available to ICB account holders only for the purpose of sending and receiving funds in local or foreign currency (TZS and USD) for their business and/or personal needs
-
Availability of cleared funds or an authorized credit facility for outward remittances
-
The Bank will process the SWIFT transfers in accordance with its policies and procedures
-
Fill out the Remittance Application Form at the nearest ICB Bank branch
-
Present the completed form, the funds you wish to send, the transfer fee and your identification document and supporting documents for the funds transfer as required by the bank
-
Sign and keep the receipt after verifying that all details are correct
-
Your funds will be transferred to the receiver’s bank account
International Transfer
ICB provides fast and secure remittance services, be it locally or anywhere around the world.
A foreign telegraphic transfer is an electronic instruction to send or receive money using SWIFT platform from one bank account to another bank account for cross border payments where the settlement is done via our international correspondent bank network.
Send and receive money worry free with the highly secured SWIFT system
Foreign telegraphic transfer can be sent or received in USD, GBP and EUR currency
Minimum flat charges apply for outward and inward telegraphic transfers irrespective of the amount
Same day sending and receiving of funds through any of ICB bank branches
Funds are remitted globally via our international correspondent bank network
Competitive foreign exchange rates
-
Please refer to ICB Tariff Guide for fees and charges related to this product
-
This facility is available to ICB account holders only for the purpose of sending and receiving funds in foreign currency (USD, GBP, EUR) for their business and/or personal needs
-
Availability of cleared funds or an authorized credit facility for outward remittances
-
The Bank will process the SWIFT transfers in accordance with its policies and procedures
-
Fill out the Remittance Application Form at the nearest ICB Bank branch.
-
Present the completed form, the funds you wish to send, the transfer fee and your identification document and supporting documents for the funds transfer as required by the bank
-
Sign and keep the receipt after verifying that all details are correct
-
Your funds will be transferred to the receiver’s bank account