Opening a savings account for your child or a minor is a gift for life. The Chanua Savings account is designed exclusively for children younger than 18 years and offers a competitive interest rate.
How do I open the NBC Chanua Savings Account?
Applying for NBC Chanua Savings Account
Simply visit your nearest branch.
What to bring 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:
- Passport
- Driver’s license
- 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:
- Passport
- Driver’s license
- 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
NBC Chanua Savings Account gives you:
- Subsidised (discounted) banking fees
- No monthly maintenance fees
- Convenient 24-hour access to account
- Children will benefit from a competitive interest rate
- The option to transfer money from your phone to your bank account
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 from your bank account
- You can use NBC Mobile or Internet Banking, NBC Wakala or deposit ATMs to deposit cash to your child’s account at any time, whenever you are
Need more information or assistance?
Call us:
+255 76 898 4000/4011 | +255 22 219 3000 | +255 22 551 1000 | 0800711177 (Toll-Free)
Email us:
