A savings account designed to facilitate salary payments for employee segment. It is an account in which employees' salaries are paid, by their employers through the Bank.
Features
Multi-currency: TZS|USD|EURO|GBP
Initial Opening Balance-TZS 20,000|FOREX 50
Min Operating Balance TZS. 9,000|FOREX 50
Earns interest on Deposits
Interest Bearing Amount- TZS. 300,000|FOREX 500
Subject to transactional fees and Monthly Fee
Joint operation is allowed
Benefits
Easy to open an account through an employer
Fund Security
Facilitates timely salary processing
Earns interest as an incentive to saving
Issued with a debit card on the spot (Instantly)
The convenience of accessing the account 24/7 through CRDB ATMs, Kilimobile and Wakala
Enable Employees to get salary advances and Personal Loans
Requirements
A person above 18 years
Legal ID (NIDA ID/Voter’s ID/Driver’s License/Passport/Zanzibar National ID).
VEO|WEO Letter (if using IDs apart from National ID).
