Q1   Which are the CRDB International Correspondent Banks?
Answer Please see International Links  in the "Who we are" page.


What are the procedures for opening an account with CRDB? 


Procedures for opening Retail or Corporate accounts are outlined in details in the Products & Services under Retail and Corporate Accounts pages.



  1. What is Tanzanite Account?

Tanzanite account is a savings account designed to facilitate Tanzanians living abroad to save their excess income in Tanzania for future spending or investment. The account can be opened in Tanzanian shillings (TZS), US dollars (US$), Pound Sterling (GBP) and Euros. The account holder or a designated person through the Power of Attorney can make deposits while abroad or in Tanzania.  Withdrawals can be made while in Tanzania or abroad.  The account gets a higher interest rate than that paid in normal savings account and facilitates withdrawals from abroad.

  1. Can I open Tanzanite account before I leave Tanzania?

You can open the Tanzanite account before you leave Tanzania at any of the CRDB Bank branches.

  1. Do I need to open a Tanzanite account if I already have an account with CRDB Bank?

To get the benefits of Tanzanite Account you need to open an account. However if your existing account meets your needs you do not need to open another account.

  1. Can I open Tanzanite account if I do not live near a Tanzanian mission?

You cannot open an account if there is no Tanzanian mission where you live. The Tanzanian missions are used to verify account-opening documents

  1. Where do I return the account opening form?

The account opening form and the documents are left to eligible official at the embassy.

  1. Are there any fees for opening Tanzanite account?

The fee charged for opening the account is US$ 10 or equivalent and is payable to the Embassy. 

  1. What type of identity card will the Tanzanite account holder be given?

Tanzanite account holders are provided with Tembocards, which serve as identity and smart card that facilitates access to their accounts and can be used for payments for goods and services at various merchants’ points while in Tanzania.

  1. What is power of attorney?

Power of attorney is an instrument in writing whereby a person, as principal appoints another as his agent and confers authority to perform certain specified acts on behalf of principal. The document bears the photograph of the principal and that of the agent  as well as signatures.  Eligible bank staff must witness the signing of the documen

  1. How do I transfer funds to my Tanzanite Account?

To transfer funds fill in the funds transfer documents at your local bank and provide the following particulars:

q       Your Tanzanite account number,

q       CRDB Bank branch where your account is.

q       Particulars of the CRDB Bank correspondent bank  (The information is available in the website or brochures at the Embassies).

§   Name

§   Address

§   Swift Code

§   Account number and currency

  1. Are there any charges for transferring funds abroad to my Tanzanite account?

Transfers from abroad to the Tanzanite account are not charged. Transfers from the account to abroad are charged the prevailing Bank rates. 

  1. What is the maximum amount a customer can withdraw per day?

The maximum withdrawal amount is TZS 1,000,000 or its equivalent in foreign currencies per week.  The amount can be drawn in one day.

Withdrawals in excess of this amount but up to TZS 5,000,000 are subject to written notice.  A fee of TZS 10,000 or equivalent is charged for withdrawals exceeding TZS 1,000,000 or equivalent.

  1. What are the fees and charges for Tanzanite account?

Ø       The Service fee is TZS 400 or US$/EUR 2 or GBP equivalent per month.

Ø       Withdrawal fee is TZS 350 per transaction.

Ø       Withdrawal from US$ account is charged 1% minimum US$ 5 per transaction. There is no charge if the amount is drawn in TZS.

Ø       Withdrawal from EUR and GBP accounts is charged 2% minimum GBP/EUR equivalent to US$ 5.  There is no charge if the amount is drawn in TZS.

  1. Can I withdraw funds from my account while abroad?

You can withdraw funds from your account while abroad. The bank will act upon your dully-signed instruction and remit the funds to your bank account abroad at a fee.

Tanzanian foreign currency transfer regulations will have to be observed.