Mtoto Account

A savings account specifically designed to enable parents and/or guardians to conveniently save for their children, especially for school fees, medical treatments, etc.


  • Multi-currency: TZS|USD|EURO|GBP
  • Initial opening balance TZS 20,000|FOREX50
  • Minimum operating balance TZS. 10,000|FOREX 50
  • No monthly fees
  • Earns interest on Deposit
  • Interest Bearing Amount is TZS 100,000|FOREX 100
  • No joint account or more than one account for the same child
  • Cash withdrawal four times per year.


  • No monthly Fees
  • Affordable minimum opening balance
  • Attractive interest rate
  • Linked to non-linked Debit Card


  • The account is for children below 18 years
  • Child’s birth certificate
  • Parent/Guardian 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
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