Co-operative Current Account

An account designed specifically to drive financial inclusion, targeting co-operatives, Unions, Joint Ventures, AMCOS, SACOSS, etc


  • Multi-currency: TZS|USD|EURO|GBP.
  • Initial Opening Balance- TZS 100,000|FOREX 100.
  • Min Operating Balance- TZS 100,000|FOREX 100.
  • Subject to transactional fees and monthly fees.
  • Joint operation is allowed.


  • To operate with Cheque.
  • Fund Security.
  • Affordable Operating Balance.
  • Attractive interest rate


  • Signatories must be 18 years and above
  • Legal ID (NIDA ID/ Voter’s ID/Driver’s License/ Passport/ Zanzibar National ID). 
  • VEO/ WEO Letter (if using IDs apart from National ID).
  • 2 Passport size photos each.
  • Group resolution/ Minutes of members meeting authorizing the opening of account and operating mandate (At least 3 Signatories).
  • Group Constitution.
  • Group/ Association certificate of registration, OR introduction letter from relevant authority such as employer or government official.
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