Amana Biz Account

Running a business can be difficult and managing your money should be the least of your worries. Our Amana Biz Account is ideal for Small and Medium Enterprises (SME) as it allows you to carry out your business transactions efficiently, while still earning you interest.

What can the Amana Biz Account do for my business?

  • You have the option to open the account in either TZS, USD, Euro or GBP currency    
  • A cheque book and ATM card is linked to your account, so you no  longer have to carry cash around
  • You'll receive a free monthly statement, which means you'll always stay up to date with your account
  • You have the option to choose the frequency within which you will receive your bank statement e.g.  daily, weekly, fortnightly, monthly, quarterly, half yearly or yearly
  • You have the option to choose how you want to receive your bank statement  e.g. delivery at your door step, collection by yourself from the bank, posting or e-mail
  • Interest is accrued on your daily balance and credited monthly, so you have extra income every month
  • Should you need extra cash, you can conveniently access trade and working capital facilities
  • You'll be looked after, at all times, with personalised service from a dedicated and experienced Business Relationship Officer 


To Apply for Amana Biz Account

Simply bring the following to any of our branches:

  • A certified copy of the business's  trading license
  • A minimum deposit of TZS 200,000 / USD 5 00 / EUR 4 00 / GBP 3 00
  • A introduction letter from an advocate, registered audit firm, existing customer of the bank  or by another established company that you have a business relationship with
  • A business registration certificate
  • Confirmation of address: Any document detailing your latest business address in your name

For a partnership

  • An extract from the company's registry.
  • Your partnership deed or agreement
  • Two passport sized photographs of each partner and signatory
  • Certified copies of each partner and signatory's' passport or ID

For a Sole  Proprietorship

  • Two passport sized photographs of the proprietor
  • A certified copy of the proprietor's passport or ID

For a company

  • The Memorandum and Articles of Association (certified copy)
  • The Certificate of Incorporation (certified copy)
  • A VAT or TIN Certificate (certified copy)
  • The  latest auditor's reports and accounts (certified copies)
  • A resolution from the Board of Directors to open an account with African Banking Corporation, Tanzania Limited. This resolution must be signed by the directors and authorising the signatories with proper mandates to operate the account
  • Two passport sized photographs and certified copied of IDs or passports of all the signatories, directors and natural shareholders holding more than 5% of the shares in the company



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