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More DetailsA current account designated to cater for all organizations which are not meant for profit maximization. These institutions generate profit only for survival and some does not generate profit at all. The rationale for existence of these kinds of institutions is to improve welfare of the members and the surrounding communities.
Community Current Account may be operated by;
– NGO’s.
– Civil Societies.
– Religious organisations.
– Schools and Colleges.
– Local Authorities & Municipals.
– Any other Social Club.
What Community Current Account offers you?
– Free Banker’s cheque.
– No monthly ledger fees.
– A free monthly statement.
– Free outward local transfer to any bank.
– Free in-house cheque clearance/cheque deposit.
– The account can be operated in TZS, USD and EURO.
– Free incoming TTs to Community Current Account.
– Business License (if any).
– Filled account opening form.
– Tax Payer Identification Number (TIN).
– Two recently Customer’s passport size photograph for authorised signatories.
– Memorandum and Articles of Association (MEMARTS) or Organization constitution.
– Certificate of registration from respective authorities (Original against a photocopy).
– Identity cards specified by the bank (Voters registration card or Passport or Driving license or National ID card).
– Board resolution to open an account stating the signatories and signing modalities and signed by Chairman and Secretary of the meeting.
– Permanent address which shall be verified by obtaining either letter of introduction from local Government authorities or utility bill like TANESCO bills or water bill or LUKU or property tax receipt or land rent receipt.