Are you considering getting involved in international trade? Planning to travel abroad for business? Do you have to make payments to another country? Are you importing or exporting?

Whatever your foreign exchange or international trade requirements, big or small, talk to the bank that understands international business.

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Telegraphic transfers

A transfer is an electronic Instruction to send money from one bank account to another – either within Tanzania or to a foreign country. 

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Foreign currency drafts

A draft is an instruction given by us to a foreign bank to pay a beneficiary specified by you.

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Letters of credit

A letter of credit is a conditional guarantee of payment issued by Stanbic Bank to assist you with your cross boarder trading activities. These letters provide reassurance to your suppliers that they will receive payment for goods exported to your company.

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Guarantees

A guarantee by bank (banker's guarantee) is a written undertaking in which we agree to make stipulated payments on your behalf should you fail to fulfill or carry out the specified terms of a contract.

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Collection Bills

Collection bills is a service provided by Stanbic Bank Tanzania to sellers to assist in obtaining payment from buyers.

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Structured trade finance

We have a separate unit within trade finance which deals with the structuring of the trade transactions. The unit specialises in studying clients’ complex trade requirements and offers structured solutions.

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