About Us
The United Nations has estimated Tanzania's 2019 population at 60.45 million.
About UBA Tanzania
UBA Tanzania operates eight(8) branches in Dar es Salaam, Mwanza, Dodoma , Arusha and Rufiji, offering corporate commercial and retail banking services to customers across the country.
Our Mission
Our Vision
A Statement From The Group Managing Director/CEO
We are Africa; We represent the African dream; We are a story foretold 70 years ago, committed to continuous excellent customer experience as enshrined in our Customer-First (C1st) Philosophy.
We remain a reliable financial partner through highs and lows to all our customers and stakeholders. We are the United Bank for Africa (UBA) Plc…. Africa’s Global Bank.
Welcome, as we take you on an experiential journey into our world of bespoke financial services created by Africans to the world. Irrespective of the challenging COVID 19 Pandemic which impacted industries, health services, educational institutions, commerce, lifestyles, religions and world economies at large, at a speed, scale and severity that no-one could have predicted, we at UBA have worked hard and stayed together as a strong team amidst adversity, operational challenges and security threats. I assure you that UBA remains well-positioned with a rock solid foundation ready to meet your financial needs and business challenges.
We remain firmly grounded in our purpose and shared values and have consistently delivered strong, pre-tax earnings and consistent growth in all areas of our operations.
We keep pushing for increased efficiency in all our activities across the group, supported with a high level of execution drive.
Our ambition is grounded in the strength of our People – their high engagement, personal integrity, sense of responsibility and commitment to positive customer experience.
We are Africa; We represent the African dream; We are a story foretold 70 years ago, committed to continuous excellent customer experience as enshrined in our Customer-First (C1st) Philosophy.
Our Commitment
UBA is open to everyone in the market starting from the juniors, the college students, young entrepreneurs, Micro, Small and Medium Enterprise (MSME), the corporate clients and Government.
About Tanzania
Tanzania, officially the United Republic of Tanzania (Swahili: Jamhuri ya Muungano wa Tanzania), is a country in eastern Africa within the African Great Lakes region. It borders Kenya and Uganda to the north; Rwanda, Burundi, and the Democratic Republic of the Congo to the west; Zambia, Malawi, and Mozambique to the south; and the Indian Ocean to the east. Mount Kilimanjaro, Africa’s highest mountain, is in north-eastern Tanzania.
Leadership
Tariff Guide
S/N | ITEM/TRANSACTION | RETAIL | CORPORATE |
---|---|---|---|
1 | FREEDOM SAVINGS | N/A | |
Required minimum opening balance | TZS 15,000 | ||
Minimum operating balance | TZS 2,000 | ||
Monthly maintanance fee | NIL | ||
Withdrawal Charges | 2,000 instant charge to a max withdrawal amount of 5,000,000. Withdraw above 5,000,000 will amount to a charge of TZS 2,000 plus 0.1% of the incremental amount (this will be up to a max charge of TZS 100,000). | ||
2 | GENERAL SAVINGS | N/A | |
Required minimum opening balance | TZS 20,000 | ||
Minimum operating balance | TZS 5,000 | ||
Monthly maintanance fee | NIL | ||
Withdrawal Charges | 2,000 instant charge to a max withdrawal amount of 5,000,000. Withdraw above 5,000,000 will amount to a charge of TZS 2,000 plus 0.1% of the incremental amount (this will be up to a max charge of TZS 100,000). | ||
3 | EMPLOYEE SAVINGS | N/A | |
Required minimum opening balance | TZS15,000 USD 15 | ||
Minimum operating balance | TZS 2,000 USD 10 | ||
Monthly maintanance fee | NIL | ||
Withdrawal Charges @ Counter | TZS 2,000 – Maximum withdrawal of TZS 5,000,000 TZS2000 + 0.1% (Increment of TZS 5,000,000)- > 5,000,000 withdraw. (This will be up to max charge amount of TZS 100,000) | ||
4 | SAVINGS ACCOUNT INDIVIDUALS | N/A | |
Required minimum opening balance | 15,000 | ||
Minimum operating balance | 5,000 | ||
Monthly maintanance fee | NIL | ||
Withdrawal Charges @ Counter | TZS 2,000 – Maximum withdrawal of TZS 5,000,000 TZS2000 + 0.1% (Increment of TZS 5,000,000)- > 5,000,000 withdraw. (This will be up to max charge amount of TZS 100,000) | ||
5 | SAVINGS ACCOUNT SALARY | N/A | |
Required minimum opening balance | 15,000 | ||
Minimum operating balance | 5,000 | ||
Monthly maintanance fee | NIL | ||
Withdrawal Charges @ Counter | TZS 2,000 – Maximum withdrawal of TZS 5,000,000 TZS2000 + 0.1% (Increment of TZS 5,000,000)- > 5,000,000 withdraw. (This will be up to max charge amount of TZS 100,000) | ||
6 | SAVINGS ACCOUNT DOMICILARY | ||
Required minimum opening balance | USD10 | ||
Minimum operating balance | USD 5 | ||
Monthly maintanance fee | NIL | ||
Withdrawal Charges | 1% to a max charge of 150$ | ||
7 | U-CARE CHILDREN SAVINGS | N/A | |
Required minimum opening balance | USD 15 | ||
Minimum operating balance | USD 15 | ||
Monthly maintanance fee | NIL | ||
Withdrawal Charges | TZS 1,000 or its equivalent | ||
8 | MALAIKA ACCOUNT | N/A | |
Required minimum opening balance | TZS 20,000 | ||
Minimum operating balance | NIL | ||
Monthly maintanance fee | NIL | ||
Withdrawal Charges | NIL | ||
9 | JANJA ACCOUNT | N/A | |
Required minimum opening balance | TZS 20,000 | ||
Minimum operating balance | NIL | ||
Monthly maintanance fee | NIL | ||
Withdrawal Charges | NIL | ||
10 | KIZAZI KIPYA ACCOUNT | N/A | |
Required minimum opening balance | TZS20,000 | ||
Minimum operating balance | NIL | ||
Monthly maintanance fee | NIL | ||
Withdrawal Charges | NIL | ||
11 | HAZINA ACCOUNT | N/A | |
Required minimum opening balance | TZS20,000 | ||
Minimum operating balance | TZS20,000 | ||
Monthly maintanance fee | NIL | ||
Withdrawal Charges | NIL |
1 | INDIVIDUAL CURRENT ACCOUNT | RETAIL | BUSINESS CURRENT ACCOUNT |
---|---|---|---|
Required minimum opening balance | TZS 30,000 | TZS 100,000 | |
Minimum operating balance | TZS 10,000 | TZS 100,000 | |
Monthly maintenance fee | TZS 10,000 | TZS 12,000 | |
Cash withdrawal at counter | 1 PER MILLE to a max charge of TZS150,000 | 1 PER MILLE to a max charge of TZS 250,000 | |
Penalty for overdrawn account | PLR + 5% | TZS A/C PLR + 10% | |
Brela Seach charge | Tzs 5,000 for Sole Proprietor | Tzs 25,000 for Company | |
2 | DIPLOMAT ACCOUNTS | ||
Required minimum opening balance | USD 100 | N/A | |
Minimum operating balance | USD 100 | N/A | |
Monthly maintenance fee | NIL | N/A | |
Cash withdrawal at counter | 0.50% | N/A | |
Closing account | NIL | N/A | |
Penalty for overdrawn account | NIL | N/A | |
Outward fund transfers(TTs) | USD 50 FLAT ( SHA), USD 90 ( OURS) | N/A | |
Inward fund transfers(TTs Incoming) | NIL | N/A | |
FOREX exchange | Favourable rates will be applied | N/A | |
3 | DOMICILIARY CURRENT ACCOUNT | ||
Required minimum opening balance | USD 100/ EUR 100/ GBP 100 | USD 100/ EUR 100/ GBP 100 | |
Minimum operating balance | USD 100/ EUR 100/ GBP 100 | USD 100/ EUR 100/ GBP 100 | |
Monthly maintenance fee | USD 12 or its equivalent | USD 15 or its equivalent | |
Minimum search fees | USD 25/ EUR 25/ GBP 25 | USD 25/ EUR 25/ GBP 25 | |
Cash withdrawal | 1% per Transaction | 1% per Transaction | |
Cheque book – 25 LEAF | USD 10 or its equivalent | N/A | |
Penalty for overdrawn account | PLR + 2% | PLR + 2% | |
Transfer From TZS to DOMICILIARY/ DOMICILIARYto TZS | NIL | NIL |
1 | Call Accounts | Call Accounts | |
---|---|---|---|
Minimum opening balance | TZS 1,000,000 | TZS 10,000,000 | |
| Minimum operating balance | TZS 1,000,000 | TZS 10,000,000 |
Monthly Average balance requirement | Negotiable | Negotiable | |
Interest Rates | Negotiable | Negotiable | |
2 | Term Deposits | Term Deposits | |
Minimum deposit – local currency | TZS 500,000 | TZS 10,000,000 | |
Minimum deposit – USD | USD 1,000 | USD 10,000 or equivalent | |
Interest Rates | Negotiable | Negotiable |
1 | E-Banking | E-Banking | |
Internet banking monthly subscription | TZS 2000 Per Month. | TZS 10,000 per Month | |
Internet banking ( Re issue pin) | FREE | FREE | |
U – Direct (Reversal of transaction) | FREE | FREE | |
E-statement (self downloaded) | FREE | FREE | |
POS purchase (Local) | FREE | FREE | |
POS purchase (International) | TZS 6000 | TZS 6000 | |
POS cash withdrawal | TZS1,500 | TZS1,500 | |
ATM reversal | FREE | N/A | |
Fund transfer/ company load | TZS 1,000 per transaction | TZS 1,000 per transaction | |
Card Load | TZS 1,000 per transaction | TZS 1,000 per transaction | |
Manual pin change | TZS 1,500 per transaction | TZS 1,500 per transaction | |
U-MOBILE(mobile banking-Bank to wallet) | TZS 3,000 (1,000 – 100,000/=), TZS 4,000 (100,001 – 200,000/=), TZS 5,000 (200,001 – 500,000/=), TZS 7,000 (500,001 – 1,000,000/=), TZS 10,000 (1,000,001 – Above) | N/A | |
Card to card transfer | TZS 1,500 per transaction | TZS 1,500 per transaction | |
Agency Banking Withdraw | |||
1000-9999 | TZS500 | TZS500 | |
10000-49999 | TZS900 | TZS900 | |
50000-99999 | TZS1,200 | TZS1,200 | |
100000-299999 | TZS2,000 | TZS2,000 | |
300000-499999 | TZS3,500 | TZS3,500 | |
500000-1000000 | TZS4,500 | TZS4,500 | |
Uconnect Withdraw | 2% of the principle | 2% of the principle | |
Uconnect Deposit | 1.5% of the principle | 1.5% of the principle | |
Africash | TZS 6,000 + 1.5% of the principal amount sent/USD 4.45 + 1.5% of the principle amount to be sent | N/A | |
2 | Visa Debit Card | N/A | |
Issuance fees | TZS 11,800 | N/A | |
Re-issuance fee | TZS 10,000 | N/A | |
3 | Visa Perapid Cards | N/A | |
Issuance fees for instant card | TZS 12,000 | N/A | |
Issuance fees for personalized card | TZS 16,000 | N/A | |
Re-issuance fees | TZS 12,000 | N/A | |
Online Passcode reset fee | TZS 1,500 | N/A | |
ATM Pin reset fee | TZS 1,500 | N/A | |
Loading fee | TZS 1,000 | N/A | |
Online shopping fee – Local transactions | FREE | N/A | |
Online shopping fee/Web – Int. transactions | FREE | N/A | |
4 | ATM Withdrawals | N/A | |
At UBA ATMs (On us) | TZS 1,000 | N/A | |
ATM Balance inquiry(Local) | TZS 200 | N/A | |
ATM Balance inquiry(international) | TZS 1,000 | N/A | |
To other banks ATM (On others/OFF US)Local | TZS 2,500 | N/A | |
international ATM withdraw | TZS 6,000 | N/A | |
Umoja switch ATM withdrawal | TZS 1,300 | N/A | |
5 | CARD MAINTAINANCE | ||
Card Maintainance | TZS 2000/Quarter | N/A |
1 | CONSUMER LOANS | ||
---|---|---|---|
Processing fee | 2% | N/A | |
Insurance fee | 1.5% | N/A | |
2 | LOANS | ||
Processing fee | negotiable | 2% | |
Insurance for personal loans | 1.50% | 1.50% | |
Legal fees | 0.5% minimum of TZS 300,000 | 0.5% minimum of TZS 300,000 | |
3 | TEMPORARY OVERDAFT (TODs) | ||
Processing fee | 2% | 2% |
1 | Guarantees | Guarantees | |
---|---|---|---|
Facility Commission | 2% p.a (0.5% per qtr). Min USD 250 per qrt. | 2% p.a (0.5% per qtr). Min USD 250 per qtr. | |
Arrangement fees | 2% | 2% | |
Cash Covered | 0.5% per qtr Min 250 per qtr | 0.5% per qtr Min 250 per qtr | |
Amendment | USD 100.00 flat | USD 100.00 flat | |
Extension to next quarter | 0.5% per qtr ( Or % of the agreed rate) | 0.5% per qtr ( Or % of the agreed rate) | |
Amount increase | 0.5% /qtr on the diff ( Or % of the agreed rate) | 0.5% /qtr on the diff ( Or % of the agreed rate) | |
2 | Letters of Credit – Imports | Letters of Credit – Imports | |
Issuance commision | 0.5% per quarter. Min USD 250. | 0.5% per quarter. Min USD 250. | |
Handling Fees | USD 100 flat | USD 100 flat | |
Swift charge | USD 50 flat | USD 50 flat | |
Amendment | USD 100.00 flat | USD 100.00 flat | |
3 | Letters of Credit – Exports | Letters of Credit – Exports | |
LC Advising Commission | USD 200 flat | USD 200 flat | |
Amendment advising commision | USD 100 Flat | USD 100 Flat | |
Correspondences Swift charge | USD 50 flat | USD 50 flat | |
Documents handling and examination fee | 0.5% of invoice amount min usd 200 | 0.5% of invoice amount min usd 200 | |
Courier charge | USD 100 flat | USD 100 flat | |
LC confirmation charges | 1.5% per quarter (only for confirmed usance lcs) | 1.5% per quarter (only for confirmed usance lcs) | |
4 | Letters of Credit Refinancing | Letters of Credit Refinancing | |
Interest on refinance | LIBOR + 8% p.a of value. Min USD 100 | LIBOR + 8% p.a of value. Min USD 100 | |
Commission on refinance | USD 50 flat | USD 50 flat | |
5 | Discounting on LC/Invoice/Cheque | ||
Interest on discounting | LIBOR + 8% p.a of value. Min USD 100 | LIBOR + 8% p.a of value. Min USD 100 | |
Commission on discounting | USD 50 flat | USD 50 flat | |
6 | Bills Discounting (Bills of exchange including cheques) | ||
Interest on discounting | PLR +3%-local; International LIBOR+8% | PLR +3%-local; International Lobor+8% | |
7 | Documentary Collection – Export | ||
Handling charge | 0.25% of the invoice min USD 100 flat | 0.25% of the invoice min USD 100 flat | |
Courier charge | USD 100 | USD 100 | |
Corespondence commission | USD 50 Per tracer | USD 50 Per tracer | |
8 | Documentary Collection – Import | ||
Handling Commission | 0.25%. Min USD 100 | 0.25%. Min USD 100 | |
correspondence Swift charge | USD 50 | USD 50 | |
9 | Outward Bills for Collection (clean collections & TCs) | ||
Handling Commision | 0.25% of value min USD 75 or its equivalent | 0.25% of value min USD 75 or its equivalent | |
Dhl charges | usd 75 flat | usd 75 flat | |
Returned foreign cheques | claimed charges + locally un re-covered charges | claimed charges + locally un re-covered charges | |
10 | Inward Bills for Collection | ||
Handling Commission | USD 50 flat per collection | USD 50 flat per collection | |
Swift charged | USD 40 flat per collection | USD 40 flat per collection | |
11 | Local Currency Transactions | Local Currency Transactions | |
Outward remittances (TISS) | TZS10,000 PER TRANSACTION | TZS10,000 PER TRANSACTION | |
Amendment fee for Outward remittances / Swift / Telegraphic Transfers by customer or by bank | NIL | NIL | |
Inward Swift Transfers (TISS) | NIL | NIL | |
12 | Foreign Currency Transactions | Foreign Currency Transactions | |
Outward remittances / Swift / Telegraphic Transfers | MIN USD 50 in between 0.25% MAX USD 200 | MIN USD 50 in between 0.25% MAX USD 200 | |
Telegraphic Overseas Charges/ OURS | USD/EUR/GBP 35 -50 MAX FLAT (OURS) | USD/EUR/GBP 35 -50 MAX FLAT (OURS) | |
Amendment fee for Outward remittances / Swift / Telegraphic Transfers by customer or by bank | USD 10 FLAT | USD 10 FLAT | |
Inward Swift Transfers | USD 5 FLAT | USD 10 FLAT | |
International Money Order (IMO) | USD 30 per IMO | USD 30 per IMO | |
Foreign cheques for collection | 0.25% of value. USD 75 min; USD 250 max; | 0.25% of value. USD 75 min; USD 250 max; |
1 | Statements | Statements | |
---|---|---|---|
Monthly | FREE | FREE | |
Adhoc requests | TZS 1,000/ PAGE | TZS 1,000/ PAGE | |
2 | Cheque Books Issuing | Cheque Books | Issuing |
– 25 Leaf | TZS 15,000; USD 10 | N/A | |
– 50 Leaf | TZS 30,000; USD 20 | N/A | |
– 100 Leaf | TZS 45,000; USD 30 | TZS 45,000; USD 30 | |
Counter cheque request | TZS 20,000; USD 10 | TZS 20,000; USD 10 | |
Cheque Stop payment instructions | leaf lost: TZS 20,000; Book lost: TZS 40,000; | Leaf lost: TZS 20,000; Book lost: TZS 40,000; | |
Issuance of Manager’s cheque | TZS 25,000; USD 20 per item | TZS 25,000; USD 20 per item | |
Managers cheque cancellation charges | FREE | FREE | |
3 | Standing order | Standing order | |
Standing order set-up | TZS 10,000; USD 10 or its equivalent | TZS 10,000; USD 10 or its equivalent | |
Standing order maintanance | NIL | NIL | |
Standing order/Foreign Bank (TT charge) | USD 50 FLAT ( SHA), USD 90 ( OURS) | USD 50 FLAT ( SHA), USD 90 ( OURS) | |
Amend / Stop standing Order | TZS 10,000; USD 10 or its equivalent | TZS 10,000; USD 10 or its equivalent | |
Unpaid standing order | TZS 40,000; USD 40 or its equivalent | TZS 40,000; USD 40 or its equivalent | |
4 | Insufficient funds/effects not cleared | Insufficient funds/effects not cleared | |
Insufficient Funds (Refer to drawer) | TZS 50,000; USD 50 | TZS 50,000; USD 50 | |
5 | Other services/charges | ||
Retriving old documents (2-6 months) | TZS 10,000; USD 10 | TZS 10,000; USD 10 | |
Retriving documents (6 months and above) | TZS 15,000; USD 15 | TZS 5,000; USD 15 | |
Confirmation/Audit/ Certificate of balance | TZS 30,000; USD 20 or its equivalent | TZS 500,000; USD 25 or its equivalent | |
Status enquiry / Reference Letters | TZS 25,000; USD 25 or its equivalent per customer request | TZS 25,000; USD 25 or its equivalent | |
Outward cheque clearing | USD 500 | USD 500 | |
Salary processing fee | TZS 1,500; USD1 or its equivalent | TZS 1,000; USD1 or its equivalent | |
Dormant Account Reactivation | FREE | FREE | |
Cash handling fee-COINS ONLY | 9% of the Deposit | 9% of the Deposit | |
6 | Soiled notes | 3% of principal amount | 3% of principal amount |
7 | Coins | 3% of principal amount | 3% of principal amount |