Banking in Tanzania forms a backbone of the economy by enabling personal savings, business growth, investment, and the flow of capital. Over the years banks have evolved with technology to offer a wide range of services beyond just holding money.
Major Banks & Their Offerings
NMB Bank Plc
Account Types:
- Personal Account
- NMB Mwanachuo Account
- Wisdom Account
- NMB Pesa Account
- NMB Chap Chap Instant Account
- NMB Chipukizi Akaunti
- NMB AgriBiashara Account
- Bonus Account
- Mtoto Account
- Kikundi Account
- Private Banking
Other Services:
- Loans
- Investment
- Digital banking: Internet Banking, mobile banking
- Supporting services
CRDB Bank Plc
Account Types:
CRDB offers multiple personal savings and current accounts tailored to different customer segments:
- Current Account
- Savings Account
- Junior Jumbo Account
- Scholar Account
- Salary Account
- Teen Account
- Niamoja
- Pension Account
- Specialty accounts like CRDB Simba Account, CRDB Yanga Account for fans; Fahari Kilimo Saving and Current for farmers / farmer groups.
Other Services:
- Borrowing: Personal loans
- Investment / fixed deposits
- Business banking
- Digital banking: Mobile banking, Internet banking
NBC
Overview
- Oldest serving bank in Tanzania with over five decades of experience.
- Offers retail, business, corporate, investment banking, and wealth management.
- Large network: dozens of branches (50-60+), over 200 ATMs, many agents (wakala) across the country.
Account Types
NBC provides a variety of account types to meet different customer needs:
- Individual / Personal Current Accounts
- NBC Individual Current Account
- NBC Direct Current Account
- NBC Kikundi Account
- La Riba Accounts (Shari’ah-Compliant)
- La Riba Current Account
- La Riba Privilege Current Account
- La Riba Affluent Current Account
- Private Banking Savings Account
- A savings account for higher net worth customers (“private banking”). Features: tiered interest rates (higher balances yield higher rates), available in local and foreign currencies (USD, EUR, GBP), generally limited withdrawals (e.g one per month), free online/mobile banking.
- A savings account for higher net worth customers (“private banking”). Features: tiered interest rates (higher balances yield higher rates), available in local and foreign currencies (USD, EUR, GBP), generally limited withdrawals (e.g one per month), free online/mobile banking.
- Business / SME Accounts
- Ordinary Current Account: for business or SME use; daily transactional needs for companies or organisations.
Banking & Other Services
NBC offers a broad range of services beyond account types:
- Digital Banking
- NBC Mobile Banking (*150*55#)
- NBC Online Banking
- App / USSD platforms
- Agency / Agent Banking
- NBC Wakala Pesa
- NBC Wakala Pesa
- Foreign Currency Accounts
- Some accounts (e.g. Private Banking Savings) allow foreign currencies (USD, EUR, GBP).
- Some accounts (e.g. Private Banking Savings) allow foreign currencies (USD, EUR, GBP).
- Loans & Credit Products
- Mortgage loans; pensioner loans (recently improved eligibility age and terms), loans for agriculture, livestock, etc.
- Mortgage loans; pensioner loans (recently improved eligibility age and terms), loans for agriculture, livestock, etc.
- Wealth & Investment Management
- Private banking provides savings with tiered interest. Possibly other investment / advisory services.
- Private banking provides savings with tiered interest. Possibly other investment / advisory services.
- Merchant / POS Services
- Provides POS merchant services for businesses.
Exim Bank Tanzania
Exim Bank Tanzania is one of the established banks in the country, founded in 1997 and part of the wider Exim Bank Group across East Africa. It offers a wide range of accounts and services for individuals, SMEs, corporates, and diaspora clients.
Account Types:
- Salary Account
- Mzalendo Account
- Faida Savings Account
- Fixed Account
- Haba na Haba Account
- Haba na Haba Plus
- Nyota Junior Account
- Supa Woman Account
- Wajasiriamali Current Account
- Corporate Current Account
Other Services:
- Digital Banking
- Loans & Credit
- Treasury & Forex Services
- Diaspora Banking (Serengeti Banking)
- Borderless Banking
- Business Solutions
Diamond Trust Bank Tanzania
Diamond Trust Bank (DTB) is a regional bank with a strong presence in East Africa, providing modern financial solutions for individuals, businesses, and institutions in Tanzania.
Account Types:
- Faraja Account
- Kibubu Account
- Smart Saver Account
- Prime Savings Account
- SME Account
- Community Account
- Standard Account
- Premium and Prime Current Accounts
Other Services:
- Loans and Credit
- Digital Banking
- Cards
- Insurance
- Investments
Stanbic Bank Tanzania
Account Types:
- Pure Save (savings)
- Hatua Account (for minors / teenagers under 18)
- Fixed Deposit (investment account for defined period)
- Private Banking / Current Accounts for higher-net-worth clients: Stanbic Private Banking.
Other Services:
- Wealth & investment advisory services especially in Private Banking.
- Platinum debit cards with benefits (airport lounge access, etc.) in premium account tiers.
- Loans: car loans, home loans, unsecured personal loans, overdrafts etc for eligible customers.
- Foreign currency exchange; access to digital banking (mobile app, internet banking); 24/7 support for premium segments.
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