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Co-operative Current Account
An account designed specifically to drive financial inclusion, targeting co-operatives, Unions, Joint Ventures, AMCOS, SACOSS, etc
Features
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.
Benefits
To operate with Cheque.
Fund Security.
Affordable Operating Balance.
Attractive interest rate
Requirements
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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