Business Banking Tariff Guide

Effective from 8th August, 2020

Type of Account Commercial SME Trade finance

Min operating balance of TZS 10,000,000 Min operating balance of TZS 10,000,000
Guarantees (inward and outward)
Fixed deposit
Call account Min operating balance of TZS 10,000,000 Risk margin fee 3.34% p.a (0.85% per quarter), min USD 590 per quarter (Handling fee and cash covered)
Min operating balance of TZS 10,000,000
Foreign currency account (fixed/call) USD10,000 or EQV Amendment, extension to next quarter, 0.85% per quarter, USD 118 flat
USD10,000 or EQV
amount increase
Cancellation USD 118 flat
Business Current Account Commercial SME
Advising fee USD 590 flat
Opening balance TZS 500,000 TZS 100,000
Minimum balance TZS 100,000 TZS 30,000
Letters of credit - Imports
Transactional and service fees (per month), over and above 31 transactions TZS 10,000 Flat NIL
Risk margin 3.34% p.a (0.85% per quarter), min USD 590 per quarter
Penalty for balances below limit TZS10,000 per month TZS 10,000 PER MONTH (Handling fee, swift charge and examination Fee)
Risk margin on acceptance
Penalty for overdrawn account (authorised) TZS 50,000 TZS 50,000 0.85% per quarter or minimum 118 flat
Penalty for overdrawn account (unauthorised) TZS 100,000 TZS 100,000 Cancellation USD 118 flat

Cash withdrawal from TZS Free TZS 4,000 for amounts upto 25million, 0.12% for amounts exceeding TZS 25MILLION
Letters of credit - exports
Account maintenance fee (monthly) TZS 35,000, USD 35, GBP 35, EUR 35, KES 1500, ZAR 200 TZS 20,000, USD 15, GBP 15, EUR 15, KES 1000 ZAR 120
Advising commission fee USD 415 dlat (swift charges, document examination fee and courier charge)
Customer foreign currency account (CFC) Commercial SME Risk margin on acceptance and confirmation 3.34% p.a, 0.85% per quarter, min USD 590 per quarter

Opening balance USD 500; GBP 500; EUR 500 KES:5000 ZAR:2000 USD 500; GBP 500; EUR 500 KES:5000 ZAR:2000
USD 20; GBP 20; EUR 20 KES:1500 ZAR:200 Letters of credit refinancing
Minimum balance USD 100; GBP 100; EUR 100 KES:1000 ZAR:1000
Transactional and service fees (per month) USD/EUR/GBP 5 KES 500 ZAR 50 NIL Interest on refinance Current lending rate (Negotiable)
USD 50; GBP 50; EUR 50; KES 5000; ZAR 1000 Commission on refinance N/A
Penalty for overdrawn account (authorised) USD 50; GBP 50; EUR 50; KES 5000; ZAR 500
USD 100; GBP 100; EUR 100 KES 10,000 ZAR 1,000
Penalty for overdrawn account (unauthorised) USD 100; GBP 100; EUR 100 KES 10,000 ZAR 1,000
1% OF THE AMOUNT; MINIMUM OF USD⁄EUR 20 ;GBP 10 KES 1,000; ZAR 300 Letters of credit discounting
Cash withdrawal from CFC 1% OF THE AMOUNT; MINIMUM OF USD/EUR 20 ;GBP 10 KES 2,000; ZAR 300
Interest on discounting - confirmed LC Current lending rate (Negotiable)
Transfer within own accounts Free Free
Interest on discounting - non-confirmed LC Current lending rate (Negotiable)
Cash Deposit - small denominations ($20,$10,$5,$1) 2.7% of the value 2.7% of the value

Bills discounting (bills of exchange including cheques)

Manual local transactions Commercial SME
Interest on discounting Current lending rate (Negotiable)
Outward local remittance (TISS/RTGS) TZS 11,800 OR USD Eqv. TZS 11,800 OR USD Eqv.
Amendment fee for outward remittances/swift/telegraphic transfers TZS50,000.00/ USD 50 TZS50,000.00/ USD 50
by customer or by bank Documentary collection - export
Free Free
Inward transfers (TISS/RTGS) Handling charge USD 415 Flat (Courier charge and chasing swift)
Free Free
Inward transfers (EFTs) TZS 1,000 or USD 1 per cheque
TZS 1,000 or USD 1 per cheque Documentary collection - Import
Inward cheques fee (Our cheque processing fee) TZS 37,000 Flat
TZS 37,000 Flat USD 415 flat
Commission and swift charge
Investigation fees for non-receipt of funds (T/T) where funds have been received Within Absa 5,000 & to other banks TZS10,000, GBP/EUR/USD/KES/ZAR Eqv.
Within Absa 5,000 & to other banks TZS10,000, GBP/EUR/USD/KES/ZAR eqv.
Manual processing of salaries Free to own account, TZS1,000 or USD, GBP, EUR, KES, ZAR
Free to own account, TZS1,000 or USD, GBP, EUR, KES, ZAR Avalising charges
Over the counter transfers within Absa eqv. to more than one account
eqv. to more than one account Interest on avalisation Current lending rate (Negotiable)

Manual Foreign Transactions Commercial SME

Foreign Outward Remittances / Swift / Telegraphic Transfers USD 60 Flat rate up to USD 10,000; else 0.25% of value min USD 60; USD 60 Flat rate up to USD 10,000; else 0.25% of value min USD 60;

Max USD 280; GBP, EUR, KES, ZAR eqv. Max USD 280; GBP, EUR, KES, ZAR eqv.
Local and International Swift message retrieval after 3 months
USD 10.00 per message USD 10.00 per message
Amendment fee for Foreign Outward remittances/ Swift/ Telegraphic Transfers USD 50
by customer or by the bank USD 50
0.28% OF VALUE. USD 85 MIN; USD 280 MAX; GBP, KES, ZAR eqv.
Inward foreign bank draft/cheque 0.28% OF VALUE. USD 85 MIN; USD 280 MAX; GBP, KES, ZAR eqv.
Lack of funds USD120; other reason USD 60
Returned foreign cheques Lack of funds USD120; other reason USD 60
USD 12; GBP 6; EUR 12; KES:1200 ZAR:180
Inward swift transfers USD 12; GBP 6; EUR 12; KES:1200 ZAR:180

Investigation fees for non receipt of funds (T/T, Swift) where funds have been received USD 30FLAT; GBP, EUR, KES, ZAR eqv. USD 30FLAT; GBP, EUR, KES, ZAR eqv.
Agent card processing fee TZS 20,000 per card TZS 20,000 per card

Debit cards issuance fee TZS 15,000 per card TZS 15,000 per card

Debit card annual fee (inclusive of cards for ID&V) TZS 15,000 per card TZS 15,000 per card

ATM withdraw fee (on us) TZS 1,200 TZS 1,200

ATM withdraw fee (off us) TZS 2,500 TZS 2,500
Redirection fee USD 50 USD 50

Standing order Commercial SME

Standing order set-up TZS 10000, USD/EUR 10, GBP 5 KES 500, ZAR100 TZS 10000, USD/EUR 10, GBP 5 KES 500, ZAR100
Standing order within Absa TZS 6,000, USD 7, GBP 5, EUR 7. KES 700 ZAR 100 per item TZS 6,000, USD 7, GBP 5, EUR 7. KES 700 ZAR 100 per item

Standing order to other banks TZS 25,000 USD/EURO 25; GBP 20 KES 2,500 ZAR 120 TZS 25,000 USD/EURO 25; GBP 20 KES 2,500 ZAR 120

Amend / Stop standing Order TZS 30,000; USD/EURO 30; GBP 25, KES 3,000 ZAR 180 TZS 30,000; USD/EURO 30; GBP 25, KES 3,000 ZAR 180
TZS 100,000; USD/EURO 100; GBP 100 KES 10,000 ZAR 600
Unpaid standing order TZS 100,000; USD/EURO 100; GBP 100 KES 10,000 ZAR 600

Internet banking (integrator) Commercial SME

Onboarding/set up fee Free Free
Statement view, download and print Free Free

Bulk upload salary processing within Absa TZS 1,200, USD/EUR/GBP/KES/ZAR eqv. per item TZS 1,200, USD/EUR/GBP/KES/ZAR eqv. per item

Bulk upload salary processing to other banks TZS 2,500 per item TZS 2,500 per item
TZS 1,200, USD/EUR/GBP/KES/ZAR eqv. per item
Electronic fund transfer within Absa (ON-US EFT) TZS 1,200, USD/EUR/GBP/KES/ZAR eqv. per item
TZS 2,500 PER ITEM
Electronic fund transfer to other banks (OFF-US EFT) TZS 2,500 per item
USD 60 OR EQV, PLUS USD 30 intermediary charge if occur
Cross border/swift payment USD 60 OR EQV, PLUS USD 30 intermediary charge if occur
Free
Book transfer (own accounts transfers) Free

Internet banking (Absa integrator) Commercial SME

Urgent payments/TISS/RTGS TZS 11,800 per item TZS 11,800 per item
Integrator Fixed Monthly Fee TZS 22,000;EUR/USD/GBP/KES/ZAR eqv. for transacting clients and TZS 22,000;EUR/USD/GBP/KES/ZAR eqv. for transacting clients and

TZS 50,000 EUR/USD/GBP/KES/ZAR eqv. for view only clients TZS 50,000 EUR/USD/GBP/KES/ZAR eqv. for view only clients
Extra Reader/Device Fee (3 tokens Free)
2 Readers/devices for free, TZS 200,000 for any extra 2 Readers/devices for free, TZS 200,000 for any extra
Host to Host Set Up Fee Quotation available on request
Quotation available on request

Internet banking (BIB) Commercial SME

Electronic fund transfer within Absa (ON-US EFT) TZS 2,500, USD/EUR/GBP/KES/ZAR eqv. per item TZS 2,500, USD/EUR/GBP/KES/ZAR eqv. per item
Electronic fund transfer to other banks (OFF-US EFT) TZS 2,500, USD/EUR/GBP/KES/ZAR eqv. per item TZS 2,500, USD/EUR/GBP/KES/ZAR eqv. per item

Wallet transfers TZS 2,300 per transaction TZS 2,300 per transaction

Service/ mantainance TZS 15,000  USD/EUR/GBP/KES/ZAR eqv. per month TZS 15,000, USD/EUR/GBP/KES/ZAR eqv. per month

Bank direct Commercial SME

Bank direct cash - cash In transit Quotation available on request Quotation available on request
Bank direct mail - courier service Quotation available on request Quotation available on request

Bank direct wages - cash salary Quotation available on request Quotation available on request

Mobile bulk disbursement Commercial SME

Transfer to M-Pesa; TigoPesa; Airtel Money, EzyPesa and Halo Pesa TZS 2,300 per transaction TZS 2,300 per transaction

Closure of account Commercial SME

Within 6 months of account opening TZS 36,000; USD 36; GBP 24; EUR 36; KES 3,600; ZAR 500 TZS 36,000; USD 36; GBP 24; EUR 36; KES 3,600; ZAR 500
After 6 months of account opening TZS 25,000; USD 25; GBP 13; EUR 25; KES 2,500 ZAR 380 TZS 25,000; USD 25; GBP 13; EUR 25; KES 2,500 ZAR 380

Dormant account reactivation TZS 6,500; USD 6.5; GBP 4; EUR 6.5; KES 650 ZAR 100 TZS 6,500; USD 6.5; GBP 4; EUR 6.5; KES 650 ZAR 100

Dormant account fee TZS 50,000; USD 50; GBP 35; EUR 50; KES 500 ZAR 750 TZS 50,000; USD 50; GBP 35; EUR 50; KES 500 ZAR 750
TZS 65,000; USD 65; GBP 65; KES 6500 ZAR 1,000
Stop any payment instructions including cheques TZS 65,000; USD 65; GBP 65; KES 6500 ZAR 1,000

Bank statements Commercial SME

Monthly statement Free Free
Interim statement Free Free

Duplicate statement (1 to 3 months) per month TZS 11800 PER MONTH (VAT INCLUSIVE) TZS 11800 PER MONTH (VAT INCLUSIVE)

Duplicate statement (3 to 12 months) per month USD 100 or eqv. USD 100 or eqv.
USD 250 or eqv.
Duplicate statements (above 12 months) per month USD 250 or eqv.
Free
Statement requested by Regulatory Authorities Free
TZS 13,000; USD 13; GBP 5.5;EUR 13 KES 1,300 ZAR 200
Cheque images, per cheque TZS 13,000; USD 13; GBP 5.5;EUR 13 KES 1,300 ZAR 200
USD 13 per message, min USD 65, max USD 400
MT/900/910/920/940/941/942/950 statements USD 13 per message, min USD 65, max USD 400
Swift: USD 60, RTGS: TZS 12,000 or USD equivalent, EFT TZS 2,500 or USD eqv.
MT 101 messages Swift: USD 60, RTGS: TZS 12,000 or USD Equivalent, EFT TZS 2,500 or USD eqv.
TZS 25,000; USD 18; GBP 13; EUR 18; KES 1800 ZAR 270
Issuance of manager's cheque TZS 25,000; USD 18; GBP 13; EUR 18; KES 1,800; ZAR 270 TZS 25,000; USD 18; GBP 13; EUR 18; KES 1800 ZAR 270
Managers cheque cancellation charges TZS 25,000; USD 18; GBP 13; EUR 18; KES 1,800; ZAR 270 TZS 120,000; USD 120; GBP 65; EUR 120 KES 12,000; ZAR 1,800
Reply to audit letters/audit report TZS 120,000; USD 120; GBP 65; EUR 120 KES 12,000; ZAR 1,800 TZS 100,000; USD 30; GBP 25; EUR 30; KES; 3,000 ZAR 450

Refrence letters TZS 100,000; USD 30; GBP 25; EUR 30; KES; 3,000 ZAR 450 TZS 100,000; USD 30; GBP 25; EUR 30; KES; 3,000 ZAR 450
Certificate of balance TZS 50,000; USD 25; GBP 20; EUR 25; KES; 2,500 ZAR 300 TZS 50,000; USD 25; GBP 20; EUR 25; KES; 2,500 ZAR 300
Registration of foreign loan at BOT USD 1,000 one off processing fee; USD 1,000 annual fee loan administration USD 1,000 one off processing fee; USD 1,000 annual fee loan adminstration

Unpaid/returned cheques Commercial SME

Insufficient funds (refer to drawer) TZS 200,000.00 TZS 200,000.00
Uncollected cheque book (after 3 months) TZS 5,000 per month TZS 5,000 per month

Cheque books Commercial SME

200 leaf TZS100,000, USD/GBP/EUR/KES/ZAR EQV TZS100,000, USD/GBP/EUR/KES/ZAR EQV
Search fee for documents (2-6 months) TZS100,000, USD/GBP/EUR/KES/ZAR EQV TZS100,000, USD/GBP/EUR/KES/ZAR EQV

Search fee for documents (6 months and above) TZS200,000, USD/GBP/EUR/KES/ZAR EQV TZS200,000, USD/GBP/EUR/KES/ZAR EQV

Lending and deposit rates Commercial SME

Prime rate Quotation available on request Quotation available on request
Deposit rates Quotation available on request Quotation available on request

absa.co.tz Terms and conditions apply. Absa Bank Tanzania Limited, (registered number 38557) is regulated by the Bank of Tanzania.