Savings
This is account designed for business transactions; it can be for payments, withdrawals, transfers, standing orders options and deposits. For all small and large business customers.
Features:
- No interest rate
- No limit on withdraw
- Operated by cheque leaf
- The business account can be opened by individual or any registered business
Benefits:
- Access to the MHB overdraft facility for which you can apply separately
- Get access of other MHB channels MHB wakala, MHB mobile
- Eligible to cheque books
- 24hrs banking services through our ATMs
MHB Wakala is MHB Bank approved and well trained business entity or Individual , allowed to provide specific services on behalf of MHB Bank as per Bank of Tanzania regulations & guideline.
Features:
- To be used only for offloading and uploading of the leaf
- No minimum
- Cash withdrawal is allowed
- No monthly charges
- No withdrawal charges
Services available at MHB Wakala:
- Cash deposit to any MHB Bank account, free of charge
- Cash withdrawal at any MHB wakala using our MHB Bank cards
Benefits:
- Save time – agents services are queen-less and hence very fast
- Save costs – eliminate distances and makes it cheaper to access banking service
- Reduce cash risk for customers who wish to deposit before moving or traveling
- Extend Banking services hours- MHB wakala operates ahead of branch closing hours and some available 24 hours.
Do you want to be MHB Wakala? Here are requirements:
- Valid business licence
- TIN Number
- Certificate of registration in case of SACCOS or NGOs
- Complete MHB agent application form
- Proof of address
- Proof of identity
- Three passport size photographs
- Proof of current account with bank
This account is a group saving that provides an opportunity to VICOBA, SACCOSS, NGOs, Churches, Mosque and other saving groups to smoothly collect and manage their group contributions and earn interest on funds deposited into their bank account.
Features:
- Currently available in TZS only
- Operated by Signatories and cheque
- Operated by three or four signatories
- No monthly charges
- No withdrawal fees
Benefits:
- Enable groups to grow their deposit, get funding for their groups
- Affordable account Opening amount
- Attractive interest rates
- Real time collections from members through MHB Mobile Banking, MHB Wakala, and Branches