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.


  • 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


  • Facilitation of subsistence allowance payments
  • Affordable minimum opening balance
  • No monthly fees
  • Eligible for debit card


  • 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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