Prestige Banking

Overview

Prestige Banking

We asked you, our customers, what we could do to improve our service and products to enhance your lifestyle. You gave us some good suggestions and we listened.

Introducing Prestige Banking. Designed by you, for you. Prestige Banking (previously known as Premier Life) offers you exclusive service, upgraded benefits and access to world class financial products.

 

Benefits

Dedicated service

You asked for personalised service and financial advice, ensuring that your banking needs and the needs of your family were tailored to your requirements. As a Prestige Banking customer you have access to a range of benefits including access to our Premier Centers, extended banking hours, a professional customer service team and portfolio relationship managers who will meet you at a time and place of your choice.

Exclusive financial solutions

With Prestige Banking you have access to a range of exclusive financial products with preferential rates and benefits.

Convenience

You asked for faster service so that you could spend more time doing what you enjoy, and less time banking. As a Prestige Banking customer enjoy free access to online or ATM banking.

Security and protection

You requested security and protection so that you could plan for your financial future and the wellbeing of your family. As a Prestige Banking customer, we offer you, free protection against ATM and Point-of-Sale (POS) theft by monitoring unusual transactions carried out on your card.

Products

Prestige Current Account

This is a transactional account that offers you free banking with high balances

  • Free SMS alerts
  • Free cheque book
  • International Debit Card
  • Available in Tanzania shillings only
  • Internet banking with no sign-up fee
  • Free unlimited ATM transactions on Barclays Bank Tanzania ATMs

Prestige Savings account Plus

  • Free SMS alerts
  • Free counter cash withdrawal
  • Credit interest based on the balance as our rates are tiered
  • International debit card
  • Available in Tanzanian shillings only
  • Internet banking with no sign-up fee
  • Free unlimited ATM transactions on Barclays Bank Tanzania ATMs only.

Prestige Bonus Savings Account

Saving money has never been this convenient;-

  • Bonus quarterly interest (Terms & Conditions apply).
  • Competitive tiered interest rates.
  • Internet Banking service
  • Free SMS alerts
  • Available in Tanzania shillings only.

Term Deposit

1. Classic Fixed deposit. The account has the following features:

  • Interest paid on maturity
  • Terms of 1 month up to 5yrs
  • Option to re-invest upon maturity is available
  • Available in Tanzanian shillings, US dollars, Pound Sterling and Euro
  • Minimum opening amount TZS 2million/USD 5,000/GBP 5,000/EUR 5000 or more

2. Regular Interest Fixed Deposit Account

  • Terms of 12 months up to 5yrs
  • Available in Tanzanian shillings only
  • Minimum opening amount TZS 15million
  • Option to re-invest principal on maturity is available
  • Get regular interest income paid to your current account monthly

3. Flexi Term Deposit

  • Term of 12 months up to 5yrs
  • Interest paid on maturity.
  • Available in Tanzanian shillings only
  • Minimum opening amount TZS 15million
  • Automatic overdraft facility of up to 80% of your fixed deposit.
  • Interest on overdraft is only charged on the amount and period withdrawn.
  • Option to re-invest principal and interest on maturity or re-invest just the principal is available

4. Unfixed term deposit

  • Term of 12 months up to 5yrs
  • Interest paid on maturity or upon breaking of sum of the deposit after more than one month of fixing
  • Available in Tanzanian shillings only
  • Minimum opening amount TZS 60million

Foreign Currency Current Account

This is a transactional account for individuals who want to keep foreign currency. The account is for all retail segments and has the following features

  • Free SMS alerts
  • Free Monthly statements
  • Cheque book for US$ accounts
  • Available in US Dollars, GBP and Euro

Charges

Prestige Banking offers you bundled banking transactions and charges. As a Prestige Banking customer, your monthly fees will be waived based on tiered balances.

Our Prestige current accounts attract no monthly fees if your balance is greater than or equal to TZS 30million. If falls below that a charge of TZS 15,000 will be applicable.

Prestige Savings account Plus attracts no monthly fees if your balance is greater than or equal to 25million and will charge TZS 15million if falls below that.

Prestige Bonus Savings account attracts no charge if balance is TZS 1million and above, if falls below that will be charged TZS 5,000.

You will also enjoy free digital channel access and free counter withdrawal to savings account plus.

Contacts

Become a member today!

Visit a Barclays Prestige Branch which is located in any of our 22 branches Nation wide.

Or you can
Call us at: +255 (0) 774 700 703 or +255 (0) 774 700 708 from 8:30 a.m. to 5:00 p.m. during working days

Terms and Conditions apply