Account Related Tariffs

Cheque Services TZS USD
25 Leaves 12,500.00 7.00
50 Leaves 25,000.00 14.00
100 Leaves 50,000.00 28.00
Counter cheque 2,000.00 1.00
Stop Payment – per instruction (Single Continous cheque series) 30,000.00 25.00
Cash Deposit TZS USD
Small Denomination TZS 500 1000 2000  500 / 100 notes  N/A
Deposit Denomination less than 50 USD  N/A 4%
Cash Withdrawals TZS USD
Cash Withdrawals below TZS100M  Free
Cash Withdrawals TZS100M & above 0.05%
U$D Cash withdrawal – Savings Account  —  Cash withdrawal upto $ 5,000/- per day is Free, above that 1%
U$D Cash withdrawal – Current Account 1%
Monthly Ledger Fees / Maintenance fees TZS USD
Savings Accounts  Free  Free
Current Accounts 10,000.00 7.00
Transaction Fees – Per entry TZS USD
Current account  Free  Free
Savings account 400.00 0.20
Salary handling/Bulky internal transfers charges 500 / per salary Statement  N/A
Statement Charges TZS USD
Current account (MontHly statement)  Free  Free
Savings account (Quarterly Statement)  Free  Free
E-statement (Infomail)  Free  Free
Interim Statement – current year  1000 / page  1 / page
Interim Statement – previous  year  1000 / page  1 / page
Non – Maintanance of Minimum Balance TZS USD
Saving Account per month 2,000.00 2.00
Current Account per month 10,000.00 5.00
Dormant Account Charges TSHS USD
Current accounts per month 10,000.00 5.00
 Savings Accounts per month 2,000.00 2.00
Dormant / Inactive Accounts – Reactivation Charges TZS USD
Current Accounts 5,000.00 5.00
Savings accounts 5,000.00 5.00
Account Closure Charges TZS USD
Current accounts 40,000.00 20.00
Savings Accounts 10,000.00 10.00
Unpaid Cheque Return Charges TZS USD
Check returned by us – per item – Technical reason by customer side 10,000.00 10.00
Check returned by us – per item – Financial reason by customer side 50,000.00 30.00
cheque returned by other banks (Inward unpaid ) 20,000.00 10.00
Funds Transfers TZS USD
Internal Funds Transfers (Non Mobile Banking) Free Free
Inward Remmitances TZS USD
Incoming Funds Transfers (TISS) Free Free
Income EFT Local Free Free
Outward  Remmitances TZS USD
Outgoing Funds Transfers (TISS) Tax Inclusive 10,000.00 10.00
Outward EFT – External (Single/bulk)  5,000/- per entry  N/A
Outgoing Funds Transfers (TT)  0.1% min $40/- & max $200/-
Outgoing funds Transfers Rapidex 6.00
Bulk Disbursement TZS USD
Transfers through Bulk disbursement platform (per transaction) 5,000.00  N/A
Mobile Banking Charges TZS USD
Precision Air Flight fare payment 2,000.00 N/A
Fast jet Flight fare payment 2,000.00 N/A
ZUKU TV subscription payment 500.00 N/A
Bank2Wallet (From your Bank account to Wallet account) 1,000.00 N/A
Transfers through mobile banking 1,000.00 N/A
Inquiries through Mobile Banking 100.00 N/A
Selcom Card funds transfers 500.00 N/A
Funds Transfer between Selcom managed banks 500.00 N/A
Funds Transfer from Bank account to agents 500.00 N/A
TANESCO Postpaid Electricity Bill payment 1,000.00 N/A
NHC payments 1,000.00 N/A
TFDA- Certification application fee payment 1,000.00 N/A
UTT investor payments 1,000.00 N/A
Banker’s Cheques TZS USD
Issuance of Bankers Cheque 10,000.00 10.00
Cancellation/Repurchase of Banker’s Cheque 10,000.00 10.00
Issuance Foreign draft 30.00
Replacement / Cancellation of Foreign Draft 5.00
Standing Instruction TZS USD
Registration charges 5,000.00 5.00
Processing – Internal 1,000.00 1.00
Processing – External (TISS or TT charges applies along with banks tariff 5,000.00 5.00
Amendment / Stop Standing order instruction 1,000.00 1.00
Unpaid SI / Failure of SI (insuficient fund) 5,000.00 5.00
Others Certificates TZS USD
Balance confirmaton 50,000.00 25.00
Audit confirmation 50,000.00 25.00
Refferance Letter / Status Inquiry 15,000.00 15.00
Investigation / query per item above 12 months 30,000.00 15.00
Cards Related Charges (Visa Debit Cards) TZS USD
Annual charges 2,000.00 1.00
Card replacement 15,000.00 10.00
New pin request (Pin regeneration) 2,000.00 1.00
Cards uncollected and destoyed (after 3months) 10,000.00 5.00
Cash withdrawal-I&M ATM per withdrawal 600.00  USD Equivalent
Other bank ATM withdrawal -In Tanzanania 10,000.00  USD Equivalent
Safe Deposit Lockers TZS
Small Size  100,000/- p/a
Medium size  150,000/- p/a
Large size  200,000/- p/a
Extra Large  250,000/- p/a

Appraisal Fees For Credit Facilities

Overdraft (P/A) TZS/USD
Limits below TZS 100M 1%
Limits from TZS 100M-TZS 500M 1%
Limits from TZS 500M-TZS 1,000 1%
Limits from TZS 1,000M and above 1%
TL above 5years 1%
Temporary over draft per quarter 1% Flat
Minimum Apparaisal fees TZS 50,000 OR USD 50
Advances against Deposits NIL
Term Loan (Flat) TZS/USD
Limits below TZS 100M 1%
Limits from TZS 100M-TZS 500M 1%
Limits from TZS 500M-TZS 1,000 1%
Limits from TZS 1,000M and above 1%
Advances TZS/USD
Disbursement of Loans Free
Recall Notice/Demand for repayment out of pocket expenses
Discharge of Mortgage Demands out of pocket expenses

Trade Finance General Charges

Import Charges Charges
Letter of credit issuance-sight/usuance  1%per quarter or part thereof with a minimum of usd300+swift charges of usd 100
Letter of credit ammendment-extension  1%per quarter or part thereof with a minimum of usd200+swift charges of usd 50
Letter of credit ammendment-other than extension  usd 50+swift charges of usd 50
Import documents under L/C charges
LC documents-acceptance commision  1%per quarter or part thereof with a minimum of usd300+swift charges of usd100
Lc cancellation  Nill
Avalisation/co acceptance of import collection  minimum 1%with a minimum of usd 150
Import colections  0.125% with a minim of usd 75+swift charges of usd 50
Import collection-outstanding beyond due date  usd 50 per quarter or part thereof
Issue of delivery order  usd 25
Exports Charges Charges
Advising of export LC – customer  usd 100 per LC
Advising of export LC – non customer  usd 100 per LC
Advising amendment to export L/C – customer  usd 40
Advising amendment to export L/C – non customer  usd 40
Negotiation of export documents under L/C  0.25% with a minimum of U$D 75 + handling charges of U$D 50+ interest as per agreement.
Export collections  0.25%with a minimum of usd 75+courier charges of usd 75
Confirmation of export L/C  minimum 1%with a minimum of usd 150
Export collection -outstanding beyond due date  usd 50 per quarter or part thereof
Transfer of export L/C  usd 100 per transfer
Discrepant Bills advising charges USD 50 per discrepancy
Gaurantees Charges
Guarantees/SBLC-issuance  1%per quarter or part thereof with a minim of tzs 100000 per quarter+correspondent bank charges
Guarantees/-amendment- extension of expiry date  1%per quarter or part thereof with a minim of tzs 100000 per quarter+correspondent bank charges
Guarantees-amendment other than extension date  tzs 50000+correspondent bank charges
Advising of guarantees  usd 75
Cancellation of guarantee  nil
Collection of FCY cheques  3%with a minim. Of usd 20+postal/courier charges
Discounting of FCY cheques  3%with a minim. Of usd 20+postal/courier charges+agreement
Debt registration BOT (DRN) USD 200