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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.

 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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