Opening a savings account for your child or a minor is a gift for life. The Chanua account is designed exclusively for children younger than 18 years and offers a competitive interest rate.

I want to save

How do I open the NBC Chanua Savings Account?

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Get started

Simply complete our online form and we will contact you, or visit your nearest branch.

Bring the following when you apply

NBC customers

  • Child’s birth certificate (mandatory)
  • Updated information of the parents or guardian, e.g. verification of your physical address from your ward executive
  • Updated income verification for the parent or guardian (if there are any changes)
  • Valid identification document of parent or guardian – any of the following:
    • Valid passport
    • Valid electronic driver’s licence
    • National identity card
    • Voter’s identity card

Non-NBC customers

  • Child’s birth certificate (mandatory)
  • Two recent full-colour passport-sized photos of child and parent or guardian
  • Valid identification document – any of the following:
    • Valid passport
    • Valid electronic driver’s licence
    • National identity card
    • Voter’s identity card
  • Residential address verification for parent or guardian – any of the following:
    • A recent utility bill (not older than six months) showing your physical address
    • An official letter from a local government executive
    • A lawyer’s letter specifying your physical address
  • Valid passport, resident or work permit for non-citizens
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Benefits
  • Subsidised banking fees
  • No monthly maintenance fees
  • Convenient 24-hour access to account
  • Children will benefit from a competitive interest rate
  • Transfer money from your phone to your bank account 
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Important information
  • Exclusive to children under the age of 18
  • As a parent or guardian you can transfer money to the child’s Chanua Savings Account through a standing instruction
  • Convenient payments through standing instructions and electronic transfers

Need more information or assistance?

Call us:

+255 76 898 4000 | +255 22 219 3000 | +255 22 551 1000 

Email us:

NBCRetailProductteam@nbctz.com

Contact usFind a branch