Biashara Account
Overview
The CRDB Biashara Account is a business account specifically designed for registered Small and Medium Enterprises (SMEs) and Emerging Corporate customers. It caters to a range of business structures, including sole proprietors, partnerships, companies and associations. This account supports seamless transactions to enhance operational efficiency and stimulate business growth. With a minimum opening deposit of just TZS 20,000, it offers affordability and accessibility to meet diverse business needs.
The CRDB Biashara Account is a business account specifically designed for registered Small and Medium Enterprises (SMEs) and Emerging Corporate customers. It caters to a range of business structures, including sole proprietors, partnerships, companies and associations. This account supports seamless transactions to enhance operational efficiency and stimulate business growth. With a minimum opening deposit of just TZS 20,000, it offers affordability and accessibility to meet diverse business needs.
Open to sole proprietors, partnerships, companies and associations
Available in local (TZS) and foreign currencies (USD, GBP)
Affordable opening deposit and operating balance of TZS 20,000 or equivalent to FOREX 5
Eligible for ATM cards and an array of payment card solutions
Access to digital banking channels such as SimBanking, Internet Banking, Lipa Hapa (TANQR) and POS machines
Sharia-compliant options available through Al Barakah Banking
Supports transactions in multiple currencies
Low-cost opening and operating balances
Access to CRDB treasury products and international solutions
Convenient deposit and withdrawal options across CRDB Bank’s extensive network in Tanzania
Currency withdrawal capability worldwide
Access to digital transaction solutions, including; SimBanking with flexible daily limits up to TZS 20 million, Internet Banking, Online Payment Systems and the ADA FASTA Solution
Customized system payment solutions for businesses like hospitals and schools through control numbers
Eligibility for business loans, including short and medium-term working capital solutions and investment loans
KAVA life insurance coverage with benefits up to TZS 5 million in the event of death
Opportunity to participate in business training, workshops and exposure programs organized by the Bank
Visit any of CRDB Bank branches across the country to open the account.
For Solo Proprietors: -
- Application letter.
- Business registration certificate.
- Registrar's information
- Business license
- TIN certificate
- Two passport size photographs.
- Identification document (NIDA, voter ID card or passport)
For companies: -
- Application letter
- Board resolution to open the account.
- Company registration documents
- Business license
- Taxpayer identification number
- Two photographs of signatories and copies of acceptable identification documents
Additional attachments:
For foreign companies:
- Certificate of incorporation Registration certificate from the Tanzania Investment Centre (TIC)
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