Fahari Savings Account

A flexible and easy to manage savings account

If you want to save for that dream car, plot or family holiday and still have access to your funds, in case you should need it, then our Fahari Account can make all your dreams come true.

Why choose the Fahari Account?

  • Interest is accrued on the daily cleared balance and credited to your account monthly. So the more you save, the more you earn
  • You can use your savings as collateral for loans and overdrafts
  • There are no monthly maintenance fees, allowing you to save more
  • The convenience of making payments by ATM card , so you no longer have to carry cash around
  • You will receive one free monthly over-the-counter withdrawal as well as free, unrestricted deposits into your account
  • You get free standing orders from your other BancABC accounts into your savings account, making saving even easier
  • 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
  • You'll be looked after, at all times, with personalized service from a dedicated Relationship Officer

To Apply for Fahari Savings Account

Simply bring the following to any of our branches:

  • A minimum opening and operating balance  of TZS 50 000 / USD 50 / EUR 50 / GBP 50
  • Your passport, voter's ID or employer's ID
  • Two passport sized photos
  • A reference or. Introduction letter either from your  employer (if employed), local executive ward, advocate, registered firm or existing customer of the bank
  • Proof of your residential address/work permit if you are a non-resident
  • You must be 18 years and above



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