Instant local funds transfer across the Bank’s branch network. Money can be transferred from one account in a particular branch to another account in another branch

MAIN FEATURES:

  • Real time funds transfer.

REQUIREMENTS:

  • Customers’ instruction to transfer funds.
  • Titles and numbers of accounts to be affected.
  • Names of branches to which the affected account are domicile.

BENEFITS:

  • Faster processing speed.
  • Service is available free of charge.
  • Risks of moving with cash are completely eliminated.

The fastest way of sending and receiving money locally in Tanzania and worldwide in more than 400 countries. The service is available for individual to individual and there is no requirement for the sender or receiver to have an account with Mkombozi Commercial Bank Plc.

MAIN FEATURES:

  • Sender pays charges.
  • One does not need to have an account.
  • Money can be sent or received both locally & internationally.
  • Money can be sent to companies registered with Western Union.
  • Transfer money to any destination within a matter of 10 minutes.

REQUIREMENTS TO RECEIVE MONEY:

  • Answer to test question.
  • Expected amount to be received.
  • Correct names and address of sender.
  • Name of Country/city of senders origin.
  • Money Transfer Control Number (mandatory).
  • Valid identification documents ID, Driving license or Passport.
  • Properly identified recipients in the possession of ID card, or Passport.

REQUIREMENTS TO SEND MONEY:

  • Amount to be sent.
  • Receiver’s full names.
  • Name of destination country.
  • Test question if sending to Africa.

BENEFITS:

  • Very reliable.
  • Highly confidential.
  • Recipient pays no fees.
  • No minimum amounts required.
  • Easily accessible at any of our Branches.
  • No requirement for opening of an account.
  • Can send and receive money at any locations.
  • Money transfers take less than 10 minutes to get to destination.

The Bank handles electronic funds transfer on behalf of its customers. EFT is a computerized system for processing transactions between financial institutions routed through the clearing house.

MAIN FEATURES:

  • Electronic transfer of funds.
  • Credit transfers between banks from payer’s account to the payee’s account.
  • Debit transfers between banks from payee’s account to payer’s account prior to authorized direct debit agreements.

REQUIREMENTS:

  • Name and address of recipient Bank.
  • Names and account details of beneficiary.
  • Enough funds or credit balance in local or foreign denomination available on account for transfer.

BENEFITS:

  • National coverage.
  • Service is cheaper.
  • Transfer of funds is faster.
  • Convenient for salary payments.
  • Reduces congestion, lines & thefts.
  • Risk associated with the physical movement of large sums of cash is avoided.