Business Current Account
Run your business with a business bank account that lets you manage your money and transact 24/7 from your Business or Biashara online platform. Our business current account gives you access to secure electronic transfers, payments and allows you to boost your business’s cashflow with tailored business lending solutions.
Business Current Account value props
Convenient Payment Solutions
Get quick and safe payments from your customers with our innovative point of sale (POS) devices and till to bank solutions
Access business lending solutions
Boost your business’s cashflow with a business overdraft, business loans, revolving credit, and debit or structured finance
Dedicated Support
Get cross-border and international business support as well as access to our commercial relationship managers and Biashara Direct team for any business queries
Hassle Free
Our electronic banking facilities allow you to operate your accounts after banking hours in the comfort of your home or office.
What you get
- Cheque counterfoils and monthly statements give you a reliable way of keeping a record of transactions.
- Several signatories can be appointed on one account
- You can choose the details you want printed on your cheques
- Overdraft facilities can be arranged.
- Standing and stop orders can be loaded.
- Interest is earned on minimum monthly balance
- There is a low monthly service fee
- Access to expert business and financial advice from an experienced and dedicated assigned relationship manager.
What it costs
- No opening deposit
- No minimum balance
- Monthly Fees:
- Biashara Direct: TZS 15,000
- Commercial Banking Tier 2: TZS 35,400
- Commercial Banking Tier 1: TZS 64,900
How to get it
For a limited liability company incorporated in Tanzania:
- Certified certificate of incorporation
- Certified Memorandum and articles of association
- Certified business licence
- Certified TIM certificate
- Certified annual returns
- Copies of IDs for shareholders and signatories
- Three passport size photographs
- Proof of income (Bank statement or audited financials)
- Board resolution appointing us as a bank to the company and names of the official authorized to operate the account signed by the directors
Please refer to your nearest branch for companies incorporated outside of Tanzania, NGOs, Society, Public sector, Partnership and Sole Proprietors.
Note: Terms and conditions apply.
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What you get
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What it costs
-
How to get it
- Cheque counterfoils and monthly statements give you a reliable way of keeping a record of transactions.
- Several signatories can be appointed on one account
- You can choose the details you want printed on your cheques
- Overdraft facilities can be arranged.
- Standing and stop orders can be loaded.
- Interest is earned on minimum monthly balance
- There is a low monthly service fee
- Access to expert business and financial advice from an experienced and dedicated assigned relationship manager.
- No opening deposit
- No minimum balance
- Monthly Fees:
- Biashara Direct: TZS 15,000
- Commercial Banking Tier 2: TZS 35,400
- Commercial Banking Tier 1: TZS 64,900
For a limited liability company incorporated in Tanzania:
- Certified certificate of incorporation
- Certified Memorandum and articles of association
- Certified business licence
- Certified TIM certificate
- Certified annual returns
- Copies of IDs for shareholders and signatories
- Three passport size photographs
- Proof of income (Bank statement or audited financials)
- Board resolution appointing us as a bank to the company and names of the official authorized to operate the account signed by the directors
Please refer to your nearest branch for companies incorporated outside of Tanzania, NGOs, Society, Public sector, Partnership and Sole Proprietors.
Note: Terms and conditions apply.
We also offer
Vehicle and Asset Finance
Get our vehicle and asset finance (VAF) facility which will provide you with short- to medium-term funding to finance the purchase of moveable assets, such as motor vehicles, for your business.
Overdraft
Sometimes you simply can’t avoid going over budget, and that’s when it helps to have an overdraft. It’s always there when you need it.