ALWADIA MTOTO ACCOUNT

Alwadia Mtoto account is a saving account customised for the children from one day up to eighteen years. The purpose of this account is to encourage parents to impart money saving habit to their Children early in their lives, which will enable them to develop good financial habits that will last for a lifetime.

ALWADIA MTOTO ACCOUNT KEY FEATURES AND BENEFITS

• For children below 18 years old
• Available in Tanzania Shillings only
• There is no minimum operating balance
• Once withdrawal per quarter
• It allows parents /guardians to make deposits/withdrawals to the children account.
• No monthly maintenance fee
• ATM card is not provided
• PBZ Mobile Alert

ALWADIA MTOTO ACCOUNT REQIUREMENTS

• Copy of birth certificate or affidavit of the child
• One child passport size and one passport size photos of the parent or guardian
• Photocopy of identification card (ID) of Guardian of the followings
-Zanzibar ID
-National ID (Tanzania)
-Passport for foreigners