EXIM BANK LAUNCHES THREE NEW ACCOUNT TYPES TO FACILITATE MONEY SAVING AND TRANSACTIONAL FREEDOM TO ITS CUSTOMERS

Exim Bank Tanzania Head of Liabilities - Retail Banking, Ms. Agnes Kaganda (centre) speaks to reporters during the launch of one of the Bank's new products in Dar es Salaam recently.

Dar es Salaam: October 3rd, 2019: In order to improve services to its customers, Exim Bank Tanzania has launched new products (accounts) to foster a saving culture and freedom in transactions to both existing and prospective customers. The new three accounts are known as Haba na Haba Account, Haba na Haba Plus Account which provides a platform for customers to save up for tomorrow with no monthly deductions and the third one being, Mzalendo Account which gives customers the freedom of transacting, only charged per usage.

Speaking at the launch of the new products, Head of Liabilities - Retail Banking, Ms. Agnes Kaganda said that the products target low, medium and high income earners.

“The Haba na Haba Account aims to meet the needs of customers who want to save money for the future use. These new accounts are meant to elevate the challenges thus fostering better means to save up for future needs without incurring charges that eats up the savings. Simply put, a pure savings account.’’ She mentioned.

According to Ms. Kaganda the Haba na Haba Account is aimed at medium income earners with several benefits which include high interest rate, quick service at all Exim Bank branches.

Also, provides flexibility to build savings to help customers achieve their goals and high returns with no charges while customers given an opportunity to deposit their money through mobile phones M-Pesa / TigoPesa /Airtel money / Zantel directly to their account.

“To open such account, one should have two passport size photos, one copy of ID (Passport, National ID, or Driving license), Residence Proof (ward letter) or Resident Permit (for foreigners) and a letter from local government authority as well as 50,000Tsh as initial deposit.’’ she mentioned.

Speaking on the second one, Ms. Kaganda said the new ‘Haba na Haba Plus Account’ is aimed for high-net worth customers who will also enjoy high interest rates.

“Similar to Haba na Haba Account, Haba na Haba Account Plus also aims to fill the need of customers who want to save money for use in future and whilst offering pure savings options.” she said while mentioning the benefits of the account that include high interest rate and quick service at all the branches, as well provide flexibility to build one’s savings and help a customer achieve his/her goals.

She added that the customers are also given an opportunity to deposit their savings through mobile phones and that the savings will not be eroded by charges for it has value-for-money with a spectrum of value-added services from the bank’s dedicated Relationship Managers.

“To open this kind of account a customer would be asked to present two passport size photos, one copy of ID (Passport, National ID, or Driving license), Residence Proof (Ward letter) or Resident Permit (for foreigners) and a letter from local government authority with 10,000,000Tsh as initial deposit.’’ she mentioned

As for the third account, namely, Mzalendo Account, this aims to facilitate customers with bank’s access 24/7 for one’s day to day transactions and comes with zero monthly charges and a free debit card. Mzalendo Account will have its customers enjoy an account running with no minimum balance, zero monthly maintenance fee and a free debit card as well as being conveniently accessed 24/7, besides offering purchases at any merchant Point of Sale (POS).

“To open is account, a customer would be required to present two passport size photos, one copy of ID (Passport, National ID, or Driving license), Residence Proof (Ward letter) or Resident Permit (for foreigners) and a letter from local government authority.’’ She said.