Current Account

Our business checking account gives you more, backed by secure Internet banking (BOA Web) which puts you in control of finances so that you don’t have to walk to the branch every time.

A transactional checking account for day to day use maintained in various configurations: Individual, Joint, Corporate (sole proprietor, partnership, limited company, and associations/NGOs) accounts. With the BANK OF AFRICA – TANZANIA Current account, our customers can enjoy the convenience of paying by cheque and drawing money without restrictions. A current account from BANK OF AFRICA-TANZANIA is ideal for managing and controlling one’s business transactions anytime, anywhere.

The BANK OF AFRICA –TANZANIA, Current Account Offers:

  • Account can be opened and operated in TZS, USD, EURO, GBP
  • Cheque to facilitate cash withdrawal and transfers.
  • VISA/ BOAT SESAME Cards
  • Overdraft facility for those who meet loan conditions.

Individual persons who are employed

• Employment identity card

• Letter of introduction from employer

• Two passport size photographs (2’x2′)

• Opening amount

• Referee with an account with BANK OF AFRICA-TANZANIA 

Sole Proprietors

• Extract from Registrar of Companies

• Business License

• Identity Document – Voters Card or Passport or Driving License

• Referees – Two referees with an account at BANK OF AFRICA-TANZANIA 

• Two passport size photographs

• Opening amount

Registered businesses/ associations/Limited Companies

• Certificate of registration (Original & Photocopy)

• Memorandum and Article of Association

• Business License

• Minutes with resolution to open an account at BANK OF AFRICA-TANZANIA 

• Letter of application for account opening

• TIN number and or VAT registration certificate”

  • Branch network
  • BOA Web
Trust Account for Telecom

This is a current account established under a trust agreement between the Mobile Network Operator, trust entity (a separate legal entity that will manage the trust account).

  • Account earns a competitive interest rate (offered by the treasury).
  • The interest calculated daily on the outstanding balance and credited into the Trust Account (separate intrest account) once per month at month end.
  • The account will be used for deposit only.
  • No monthly charges.
  • No ledger fees.
  • No commission will be paid to the bank.

• Opening amount Registered businesses/ associations/Limited Companies

• Certificate of registration (Original & Photocopy)

• Memorandum and Article of Association

• Business License

• Minutes with resolution to open an account at BANK OF AFRICA-TANZANIA 

• Letter of application for account opening

• TIN number and or VAT registration certificate”

  • Branch network
  • BOA Web