Call & Postal Savings Accounts Opening Procedure : Tanzania Postal Bank

Name of the Organization : Tanzania Postal Bank Ltd
Type of Facility : Call & Postal Savings Accounts Opening Procedure
Country : Tanzania

Website :
http://www.postalbank.co.tz/index.php/en/products/savings-accounts/call-account
http://www.postalbank.co.tz/index.php/en/products/savings-accounts/postal-saving-account-psa

Tanzania Call & Postal Savings Accounts Opening Procedure

Call account is a saving account which operates like current account but limited within TPB branches only. The account can be operated by an individual, company or association.

Related : Tanzania Postal Bank Fixed Deposit Account Opening Procedure : www.statusin.org/6292.html

Benefits:
** Depositing and Withdraw at any TPB branch countrywide
** Overdraft facility under special arrangement and agreement with the bank
** Ability to transact through any UMOJA Switch ATM countrywide
** Ability to transact through Mobile Banking, POS and Internet Banking

Requirements – Individuals / Clubs and Associations:
** Initial Deposit of TZS 20,000 for Individuals; TZS 50,000 for Clubs and Associations
** 3 recent passport size photos
** Employee’s Identity Card and letter from the Employer or Voter’s Id Card and letter from Ward Executive Secretary

Requirements – Companies:
** Certificate of Registration/Incorporation
** Copy of Memorandum of Association
** Copy of Business Licence
** Copy of Minutes of Board Resolution (authorizing FRD opening)
** List of Board Directors
** One (1) passport size photo of each Director/Signatory

Postal Savings Account (PSA):
Postal Savings account is the product in which a customer uses a passbook for deposit and withdraws.

Features:
** Transaction records are kept in the passbook and the passbook is kept by the customer
** It can be opened both as joint account or individual account.
** It can be opened as Minor Account for children under 18 years of age.

Requirements:
** Initial Deposit of TZS 10,000
** 3 recent passport size photos
** Employee’s Identity Card and letter from the Employer or Voter’s Id Card and letter from Ward Executive Secretary

About Us :
Tanganyika Postal Office Savings Bank (now Tanzania Postal Bank (TPB)) came into being in 1925 when Tanganyika was under British Rule. It later became a Savings Bank under the then East African Post and Telecommunications which ceased to operate after the collapse of the East African Community. The Tanzania Posts & Telecommunications Corporation (TP&TC) came into being to cater for the Tanzanian market.

FAQs :
How long does it take to open an account with TPB?
TPB has different type of accounts each account has its own requirements. However, in general TPB account takes less than 2days to open your account in any branch in Tanzania.

What is the TPB Swift Code?
Our Swift Code is TAPBTZTZ

What are the requirements for opening an account with TPB?
Identification Letter and for Employees is Introduction Letter, Initial Opening Deposit (this depend on the account you open) and Recent Passport Size Photos

What can I access from TRA Tax Collection from TPB?
You may access the following in any TPB branches countrywide; New Driving License Fee, Income Tax, Development Lavy, Property Tax and Custom Taxes.

Which credit facilities do TPB offer?
TPB offers Business Loans, Consumer Loan, Micro Credit, Bank Guarantee, Personal Loans and Loans Against Lien.