Outward Clearing service includes remitting funds to local banks through clearing system CTS/ TACH.

EFTs are remitted same day value for those processed before BOT TACH EOD at 1PM and next day value for those processed after.

EFTs have BOT value capping of TZS 20M and the services only available in TZS. Therefore, remittances above TZS 20M or in USD shall still be processed through TISS.

There are two types of remittances i.e. Single and bulk.