NEW CHARGES AND FEES FOR BANK PRODUCT AND SERVICES – 2022

NO.ITEM/TRANSACTIONCHARGE/FEE (TZS)
1.CURRENT ACCOUNT
(a) Required minimum opening balanceTZS 20,000
(b) Monthly minimum service fee (breakdown per customer type)TZS 1500
(c) Cheque withdrawal over the counterFree
(d) Fees per ATM withdrawalTZS 1,300
(e) ATM mini statementFree
(f) Interim statement per pageTZS 2,000
(g) Periodic scheduled statementTZS 2,000
(h) Cheque book ( leaf)TZS 1,000
(i) Dishonored chequeTZS 50,000
(j) Tanzania Automated Clearing House ( TACH )TZS 2,000
(k) Counter chequeTZS 25,000
(l) Stop paymentTZS 15,000
(m) Standing orderTZS 5,000
(n) Balance enquiryFree
(o) New ATM card issuanceTZS 12,000
(p) ATM card renewal or replacementTZS 12,000
(q) Overdrawn account interest chargeN/A
(r) Unarranged overdraftN/A
(s) Interbank transfer (minimum)TZS 2,000
(t) Bill payments through ATMN/A
(u) Deposit feeFree
(v) Other (small denomination Foreign currencies)4.5% of amount
2.SAVINGS ACCOUNT (Disclose for product specific types)
(a) Required minimum opening balanceTZS 5,000
(b) Monthly service feeTZS 1500
(c) Interim statementFree
(d) Account closureTZS 5,000
3.ELECTRONIC BANKING
(a) Internet banking monthly feeFree
(b) Internet transfersTZS 1,000
(c) SMS banking
(i) Balance enquiryTZS 200
(ii) Mini statementTZS 400
(iii) Bank to wallet transferTZS 1,000
(vi) Bank to bank transfer (intra-bank)TZS 1,000
(v) Purchase of mobile airtimeFree
(d) Other (EzyPesa – Mcommerce) transfer – Bank to bank transfer (intra-bank)TZS 1,000
4.FPREIGN EXCHANGE TRANSACTIONS
(a) Purchase/sale of TCs transactions over the counterN/A
(b) Purchase of foreign chequeN/A
(c) Sale/purchase of cash passportNegotiable
(d) TISS transferTZS 10,000
(e) Telegraphic transfer/SWIFTUSD 20-USD 50
5.PERSONAL LOANS
(a) Processing/Arrangement/Appraisal fee
(i) Personal loans1%
(ii) Overdrafts1%
(iii) Mortgage finance1%
(iv) Asset finance1%
(b) Unpaid loan installment1%
(c) Early repayment3% of Outstanding
(d) Valuation feesNegotiable
(e) Term loan/overdraft in USD6% – 8%
The People’s Bank, The People’s Choice