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Msomi Account (S16)
A saving account designed for students to enable them to save their subsistence allowance and pocket money while at university/college or at school.
Features
Currency: TZS/USD/GBP/EUR
No initial opening balance
Min operating balance TZS. 5,000
No monthly fees
No joint account operation
Subject to transactional fees
Benefits
Facilitation of subsistence allowance payments
Affordable minimum opening balance
No monthly fees
Eligible for debit card
Requirements
The account is for students 18 years and above.
University /college or school ID.
Admission letter or introduction letter from the university /college or school with glued photo and signature.
Legal ID (NIDA ID/Voter’s ID/Driver’s License/ Passport/ Zanzibar National ID).
VEO/WEO Letter (if using IDs apart from National ID).
2Passport size photos.
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