Tariff Guide

International Commercial Bank (Tanzania) Limited, is a member of the
ICB Banking Group established in Dar Es Salaam, Tanzania in 1997.

MINIMUM OPENING BALANCE

ITEM / TRANSACTION TZS ACCOUNT FCY ACCOUNT
ICB Savings Account 20,000.00 20.00
ICB Salary Account N/A
ICB Chuo (Students) Account 5,000.00 N/A
ICB Wazee ( Senior Citizen) Account Free N/A
ICB Current Account – Personal 50,000.00 50.00
ICB Premier Current Account 1,000,000.00 1,000.00
ICB Premier Savings Account 5,00,000.00 500.00
ICB Current Account – Corporate 1,00,000.00 100.00
ICB Lenga (Goal ) Account 20,000.00 100.00
ICB Kikundi (Group) Account 50,000.00 N/A
Al-Wadiah Savings Accounts 20,000.00 N/A

MONTHLY LEDGER FEE

ITEM / TRANSACTION TZS ACCOUNT FCY ACCOUNT
ICB Savings Account 2,000.00 1.50
ICB Salary Account Free N/A
Al-Wadiah Savings Account Free Free
ICB Lenga (Goal) Account Free Free
ICB Kikundi (Group) Account Free N/A
ICB Wazee (Senior Citizen) Account Free N/A
ICB Premier Savings Account 10,000.00 5.00
ICB Chuo (Students) Account Free N/A
ICB Premier Current Account 35,000.00 10.00
ICB Current Account – Corporate 20,000.00 7.00
ICB Current Account – Personal 15,000.00 5.00

MINIMUM OPERATING BALANCE

ITEM / TRANSACTION TZS ACCOUNT FCY ACCOUNT
ICB Savings Account 10,000.00 100.00
ICB Salary Account 5,000.00 N/A
ICB Chuo (Students) Account N/A
ICB Wazee Account N/A
ICB Current Account – Personal 50,000.00
ICB Premier Current Account 1,000,000.00 500.00
ICB Premier Savings Account 1,000,000.00 500.00
ICB Current Account – Corporate 50,000.00
ICB Lenga (Goal) Account 20,000.00 100.00
ICB Kikundi (Group) Account 50,000.00 N/A
Al-Wadiah Savings Accounts 5,000.00 N/A

EXTRA CHARGE ON TRANSCATION BELOW MINIMUM BALANCE

ITEM / TRANSACTION TZS ACCOUNT FCY ACCOUNT
ICB Savings Account Free Free
ICB Salary Account Free Free
ICB Chuo (Students) Account Free Free
ICB Wazee ( Senior Citizen) Account Free Free
ICB Staff Savings Account Free Free
ICB Current Account – Personal Free Free
ICB Premier Current Account Free Free
ICB Premier Savings Account Free Free
ICB Current Account – Corporate Free Free
ICB Lenga (Goal ) Account Free Free
Al-Wadiah Savings Accounts Free Free

GENERAL ACCOUNT OPERATIONS

ITEM / TRANSACTION TZS ACCOUNT FCY ACCOUNT
Confirmation of Balance and Audit Statement 50,000.00 25.00
Salary processing manually per entry 500.00 N/A
Salary and Bulk payments outside the Bank 3,000/transaction plus transfer fee N/A
Advisory service – charged per advice 2,500.00 Equivalent to TZS
Vouchers – Information less than one year 15,000.00 Equivalent to TZS
Salary Alert per message free N/A
Court Order Closing of Account Free Free
Deliberate closing of Corporate account Free Free
Deliberate closing of Personal account Free Free
Cash Coins per bag of TZS 100,000 Free N/A
Al-Wadiah Savings Accounts N/A N/A

CASH WITHDRAW FEES

ITEM / TRANSACTION TZS ACCOUNT FCY ACCOUNT
Cash withdraw at the counter (All Current accounts): Daily limits Up to TZS 5Mil – 2000 , Above TZS 5Mil charge 0.13% Max TZS120,000 0.25% of the Amount
Cash withdraw at the counter (All Savings accounts except ICB Chuo and Lenga Account): Daily limits Up to TZS 5Mil – 1500 , Above TZS 5Mil charge 0.13% Max TZS 170,000 0.25% of the Amount

CASH DEPOSIT

ITEM / TRANSACTION TZS ACCOUNT FCY ACCOUNT
ICB Accounts Free Free
ICB Agency Banking Free N/A
Bulk Cash Free Free
Deposit of Coins 0.1% of the Amount N/A
Small Denomination (1, 5, 10, and 20) N/A 5% of the Amount

BONDS & GUARANTEE

ITEM / TRANSACTION TZS ACCOUNT FCY ACCOUNT
Issuance of Bid Bond – Cash cover 0.5% per Quarter
Issuance of Bid Bond – Other Security 1.42% Per Quarter
Perfomance Bond-Cash Cover 0.5% per Quarter
Perfomance Bond-Other security 1.42% Per Quarter
Extentions 1.42% Per Quarter
Cancellations of Returned guarantees Free

ADVANCED PAYMENT GUARANTEE

ITEM / TRANSACTION TZS ACCOUNT FCY ACCOUNT
Cancellations of guarantees if not Returned 20,000.00
Issuance – Cash cover 0.5% Min 100,000
Issuance – Security 1.42% Min 100,000

Import Collections (IC)-Inward Foreign Doc & Bills for Collections

ITEM / TRANSACTION TZS ACCOUNT FCY ACCOUNT
Handling Commissions 0.5% Min usd 100
Correspondance swift charges Usd 50

Export Collections (EC)-Outwar Foreign Doc & Bills for Collections

ITEM / TRANSACTION TZS ACCOUNT FCY ACCOUNT
Handling Commissions 0.5% Min usd 100
Correspondance Commission-per tracer Usd 50
Courier Charges Usd 100

CHEQUE DEPOSIT

ITEM / TRANSACTION TZS ACCOUNT FCY ACCOUNT
Cheque From other Banks Free Free
Inward Clearing 1,000.00 1.00
Inward /Outward cheque return ( technical reason) 10,000.00 10.00
Inward /Outward cheque return ( insufficient fund) 50,000.00 20.00

CHEQUE BOOK

ITEM / TRANSACTION TZS ACCOUNT FCY ACCOUNT
Cheque Book 100 Leaves 1,00,000 50.00
Cheque Book 50 Leaves 50,000.00 25.00
Stop payment order per leaf; Reported Lost/Stolen Cheque Book/leaf (per notice) 35,000.00 23.60
Customer follow-up on insufficient fund 10,000.00 10.00
Commission per issued Banker’s Cheque 30,000.00 23.60
Cancellation of Banker’s cheque 30,000.00 23.60

LENDING FEES

ITEM / TRANSACTION TZS ACCOUNT FCY ACCOUNT
Credit reference report fee 10,000.00 4.00
Brela search fee for company/ sole proprietor trading under trade name 22,000/2000 8/0.7
Valuation fee of mortgaged property(ies) As per invoice from valuer
Advocate fees for creation of bank charge As per invoice from law firm
Insurance fee As per quotation/tax invoice from insurer
Processing fee 2%p.a plus taxes as applicable
Cancellation fee/early settlement fee 2.5% of the outstanding loan amount

LENDING FEES

ITEM / TRANSACTION TZS ACCOUNT FCY ACCOUNT
Loan restructuring fee 1% of the outstanding loan amount
Facility enhancement fee 2% of enhanced loan amount
Penalty for late repayment 5%p.a for TZS and 2.5%p.a for USD
Unutilized overdraft charges (Commitment fee) 1% of unutilized limit

BALANCE AND STATEMENT ENQUIRY

ITEM / TRANSACTION TZS ACCOUNT FCY ACCOUNT
Balance Enquiry Within Banking Hall Free Free
interim statement 1000 per page 1 per page
Monthly statement & E-statement Free Free

ATM / DEBIT CARD

ATM Card issuance fee

ITEM / TRANSACTION TZS ACCOUNT FCY ACCOUNT
ICB Master Debit Card 20,000.00 8.00
ICB Umoja Card 15,000.00 N/A

ATM Card replacement/renewal fee

ITEM / TRANSACTION TZS ACCOUNT FCY ACCOUNT
ICB Master Debit Card 20,000.00 8.00
ICB Umoja Card 15,000.00 N/A

Annual Card Maintenance Fee

ITEM / TRANSACTION TZS ACCOUNT FCY ACCOUNT
ICB Master Debit Card ( Quartery fee) 2,500.00 1.50
ICB Umoja Card Free N/A
Cards uncollected and destroyed after 2 months 5,000.00 4.00

ATM Transaction fee

ITEM / TRANSACTION TZS ACCOUNT FCY ACCOUNT
ATM card activation Free
Umoja ATM Cash Withdrawal (withdrawal amount from Tsh0.00 to Tsh 99,000.00) 1,500.00
Umoja ATM Cash Withdrawal (withdrawal amount from Tsh100,000.00 to Tsh400,000.00) 1,700.00 N/A
NMB ATM Cash Withdrawal ( 1000 – 99,000) 2,000.00 N/A
NMB ATM Cash Withdrawal ( 100,000 – 400,000) 2,200.00 N/A
Umoja ATM Balance Inquiry 300.00 N/A
Umoja ATM Mini Statement 300.00 N/A
ATM Cash Withdrawal fee per transaction Mastercard local 4,000.00 Local trn < USD15 0.5%: Local trn > USD15 – 1.1% : Cross- border 1.6%
ATM Cash Withdrawal fee per transaction Mastercard International 8,000.00

ICB INTERNET / MOBILE BANKING

ITEM / TRANSACTION TZS ACCOUNT FCY ACCOUNT
Activation Fee Free Free
Monthly Maintanace fee – Individual 7,000.00 4.00
Monthly Maintanace fee – Corporate 15,000.00 8.00
E- statement Free Free
Inquiries through Mobile Banking Free Free
Ministatement Free Free
Fund Transfer to Other Banks – TISS
Transfers(within ICB) Free Free
Transfers – File Upload Within 550.00 550 Equivalent in FCY
Transfers File Upload TISS 5,500.00 5500 Equivalent in FCY
Transfers File Upload EFT 2,000.00 1,100 Equivalent in FCY
Transfers File Upload B2W 1,100.00 1,100 Equivalent in FCY
Funds Transfer from Bank account to agents 550.00 550 Equivalent in FCY

ICB AGENCY BANKING

ITEM / TRANSACTION TZS ACCOUNT FCY ACCOUNT
Balance Inquiry 200.00 N/A
Fund Transfer 500.00 N/A
Ministatement 200.00 N/A

Cash Withdrawal

ITEM / TRANSACTION TZS ACCOUNT FCY ACCOUNT
0 – 9,999 500.00 N/A
10,000 – 49,999 900.00 N/A
50,000 – 99,999 1,200.00 N/A
100,000 – 299,999 2,000.00 N/A
300,000 – 499,999 3,500.00 N/A
500,000 – 1,000,000 4,500.00 N/A

Cash Deposit

ITEM / TRANSACTION TZS ACCOUNT FCY ACCOUNT
0 – 9,999 Free N/A
10,000 – 49,999 Free N/A
50,000 – 99,999 Free N/A
100,000 – 299,999 Free N/A
300,000 – 699,999 Free N/A
700,000 – 1,999,999 Free N/A
2,000,000 – 5,000,000 Free N/A

FUND TRANSFER / REMITTANCES

ITEM / TRANSACTION TZS ACCOUNT FCY ACCOUNT
Cross border transfers (TT, SWIFT) – outward Up to USD50,000.00 N/A USD50
Cross border transfers (TT, SWIFT) – outward above USD50,000.00 N/A USD75
Inward Transfers (TT, SWIFT) Free USD 15
Internal Transfers within ICB Bank ( Banking hall) 2,000.00 2.00
Amendment of TT, SWIFT Message N/A USD 20

TISS – domestic

ITEM / TRANSACTION TZS ACCOUNT FCY ACCOUNT
100.00 – 2,999.00 10.00 Equivalent in FCY
3,000.00 – 3,999.00 14.00 Equivalent in FCY
4,000.00 – 4,999.00 27.00 Equivalent in FCY
5,000.00 – 6,999.00 54.00 Equivalent in FCY
7,000.00 – 9,999.00 56.00 Equivalent in FCY
10,000.00- 14,999.00 102.00 Equivalent in FCY
15,000.00- 19,999.00 195.00 Equivalent in FCY
20,000.00- 29,999.00 306.00 Equivalent in FCY
30,000.00- 39,999.00 351.00 Equivalent in FCY
40,000.00- 49,999.00 419.00 Equivalent in FCY
50,000.00- 99,999.00 573.00 Equivalent in FCY
100,000.00-199,999.00 707.00 Equivalent in FCY
200,000.00-299,999.00 821.00 Equivalent in FCY
300,000.00-399,999.00 838.00 Equivalent in FCY
400,000.00-499,999.00 982.00 Equivalent in FCY
500,000.00-599,999.00 1,245.00 Equivalent in FCY
600,000.00-699,999.00 1,532.00 Equivalent in FCY
700,000.00-799,999.00 1,700.00 Equivalent in FCY
800,000.00-899,999.00 1,750.00 Equivalent in FCY
900,000.00-1,000,000.00 1,776.00 Equivalent in FCY
1,000,001.00-3,000,000.00 1,875.00 Equivalent in FCY
3,000,001-50,000,000 5,900.00 Equivalent in FCY
50,000,001-ABOVE 11,800.00 Equivalent in FCY
EFT (Bulk Payments): Out&Inward/salary processing fee 3,000 per transaction USD 2 per transaction

STANDING INSTRUCTION

ITEM / TRANSACTION TZS ACCOUNT FCY ACCOUNT
SI – Set up/Amendment/closure Free Free
SI-Execution per Entry within ICB Free Free
SI-Execution per Entry outside ICB 20,000.00 10.00

General Conditions:

  • Above tariff guide is effective from 1st January 2026.
  • 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.