|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.|
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$), Pound
Sterling (GBP) and Euros. The account holder or a designated person through the
Power of Attorney can make deposits while abroad or in Tanzania.
Withdrawals can be made while in Tanzania or abroad.
The account gets a higher interest rate than that paid in normal savings
account and facilitates withdrawals from abroad.
can open the Tanzanite account before you leave Tanzania at any of the CRDB
get the benefits of Tanzanite Account you need to open an account. However if
your existing account meets your needs you do not need to open another account.
cannot open an account if there is no Tanzanian mission where you live. The
Tanzanian missions are used to verify account-opening documents
account opening form and the documents are left to eligible official at the
fee charged for opening the account is US$ 10 or equivalent and is payable to
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.
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
transfer funds fill in the funds transfer documents at your local bank and
provide the following particulars:
Tanzanite account number,
Bank branch where your account is.
of the CRDB Bank correspondent bank (The
information is available in the website or brochures at the Embassies).
number and currency
from abroad to the Tanzanite account are not charged. Transfers from the
account to abroad are charged the prevailing Bank rates.
maximum withdrawal amount is TZS 1,000,000 or its equivalent in foreign
currencies per week. The amount
can be drawn in one day.
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.
Service fee is TZS 400 or US$/EUR 2 or GBP equivalent per month.
fee is TZS 350 per transaction.
from US$ account is charged 1% minimum US$ 5 per transaction. There is no
charge if the amount is drawn in TZS.
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.
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
foreign currency transfer regulations will have to be observed.