This is cheque and non interest bearing account. It enables the customer to deposit and withdraw by cheque, thus making it convenient for making cheque payments to a third party. You can use the account for private or business purposes. Like Savings Account it can also enable repayments of loan account an alternative to overdraft account. KCBL Current Account is both for Personal and Joint.

Features
•    Opening balance of Tsh 100,000
•    Minimum operating balance of  Tsh 100,000
•    Cheque book
•    A small amount fee will be charged on closure of the Account.

Benefits
•    Easy to open and operate.
•    Free cash transfers within the Bank.
•    Free balance inquiry service over the counter
•    Cheque book

Requirements

For INDIVIDUALS and SOLE PROPRIETORS:
•    Three (3) passport size photograph.
•    Copy of  valid  driver’s license or voter’s card or passport or utility bill with name of  the prospective customer.
•    Introduction letter from local government authority.
•    Copy of company/Business license and copy of business name registration and TIN.
•    Residence / work permit for non-residents this applies for Individual customers.

For CO-OPERATIVES (SACCOS, RCS and JOINT VENTURES)
•    Formal Application letter to open an Account.
•    Three (3) passport size photograph for each signatory
•    Copy of valid driver’s license or voter’s card or national identity card or passport or utility bill with name of each signatory.
•    Introduction letter from local government authority for each signatory.
•    Memorandum and Articles of Association and Certificate of Registration.
•    Minutes/ Board Resolution to open bank account.

For OTHER ORGANIZATION (NGO’s, Associations, Trustees, Schools, Churches and others)
•    Formal Application letter to open an Account.
•    Three (3) passport size photograph for each signatory
•    Copy of valid driver’s license or voter’s card or passport or national identity card or utility bill with name of each signatory.
•    Introduction letter from local government authority for each signatory.
•    Memorandum and Articles of Association and Certificate of Registration.
•    Minutes/ Board Resolution to open bank account.

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