TIB CBL is well placed to offer a wide range of cash management solutions to support our clients business needs related to receipt and payment of funds, such products include

  • Current/ Transactional accounts- A business transactional cheque account for daily business undertakings.
  • Call accounts- A flexible investment accounts has no fixed deposit period, provides instant access to funds and allows unlimited withdrawals and deposits.
  • Savings Accounts- A personal account that enables customer save money and earn interest.
  • Fixed Deposit Account- An investment account in which money is deposited for an agreed period of time and attractive fixed interest rate is paid at the end of that period.
  • Funds Transfer (SWIFT,TISS & EFT)- Enabling local and international transfer of money
  • Cash collection (CIT/Teller Implant – Customized cash management solutions
  • Electronic Banking Platform –Safe, convenient and quicker banking wherever you are.
  • Mobile Banking Solutions (TIB Mobile) – Enabling banking in your fingertips and convenient payment of bills
  • ATM Services- Access to over 250 Umoja ATM switch all over the country
  • Check clearing services – Facilitating timely clearing of check and funding customers account.
  • Jipange Plan Acounts

Jipange flex Account is a deposit Account that offers high returns. It enables proper planning by allowing one to save money and earn competitive interest rates. The account enables customers to have proper and rewarding saving behaviors and room to invest further in accumulated fund.

Benefits

·        Competitive interest rates on the fund.

·        No account maintenance fees

·        Available for both local and foreign currency ( TZS and USD)

·        Customer can continue to accumulate deposit daily

·        Customer will be availed with a free cheque book  as a unique feature

·        The customer will have access to borrow against deposit at competitive interest.

·        Access to TIB Mobile wallet

Jipange fix Account is a deposit account that offers high returns on investments. It enables proper planning by allowing one to save money and earn competitive interest rates for the fund invested over specified time.

Benefits

·        Flexibility to choose from a wide range  of  tenor (1month, 3months, 6months,9months,12months& 24months)

·        Interest accrues on daily basis payable on the month end.

·        Customer will also maintain a normal savings account to be used to credit monthly interest.

·        The depositor will have access to borrow against deposit at competitive margin.

·        Attractive interest rates depending on the tenor

·        No account maintenance fees

·        Available for both local and foreign currency ( TZS and USD,)

·        Accessibility of interest in the event of early liquidation.

·        Free TIB CBL Umoja Switch ATM card

Jipange Toto Bank is a saving account that offers high returns. It enables proper planning by allowing one to save money and earn competitive interest rate. Overall the product is aimed at enabling parents/ guardians to save money for their children for intended future use i.e University fees, potential investment for children etc.

Benefits

·        The Parent/Guardian will have access to borrow against deposit at competitive interest.

·        Competitive interest rates to be earned on the fund.

·        No account maintenance fees.

·        Can deposit anytime through TIB CBL branch network of TPB Bank

·        Minimum account opening balance of TZS 50,000.00 and US20K

·        Available for both local and foreign currency ( TZS and USD)

·        Customer can continue to accumulate deposit daily

·        Available for children from birth date to 17yrs

·        Free money box for the kid.     

Jipange Jamii Account is a current account with zero operating charges. The account is suitable to government institutions, schools, colleges, NGOs, VICOBA, SACCOS and religious institutions. 

Benefits

·        No operating charges

·        Free cheque book

·        Free in house cheque clearance and deposit

·        No minimum account opening balances

·        Access to a wide range of banks products  at competitive price for their staff

·        Can deposit through TIB CBL branch network of TPB Bank branches

·        Free monthly statements

Basic requirements to open account with TIB CBL

Company

·        Application letter.

·        Memorandum and Articles of Association. (MEMARTS) Parliament Act.in under which the entity is created.

·        Certificate of Incorporation.

·        Tax Identification Number (TIN).

·        Trading licence.

·        Business Licence.

·        Value Added Tax Certificate (VAT)

·        Board resolution to open an account with TIB CBL, indicating list of authorized signatories, and signing Mandates.

·        List of current Directors together with the latest annual return filed with the Registrar of Companies.

·        Two (2) recent passport size photographs of each of the signatories.

·        Letter of introduction from the lawyer for the company

·         Introduction letter from recognise authority for all signatories.

·        Valid and recognised identity card (eg. Passport, nationaI ID, driving licence)this applies to all types of account

Individuals

·        Two (2) recent passport size photographs.

·        Valid and recognised identity card (e.g. Passport National ID Driving license).

·        Introduction letter from recognised authorities.

·        Initial deposit.

Credit Facilities

 

 

 

Trade Products

Cash Management

Treasury Products

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