Covenant Bank - Services

School Fees Account

It is a unique savings account for children under 18 years which enables parents to save for their children’s education

• Available in Tanzanian Shillings and all major currencies i.e. US Dollars, Euros and Sterling Pound.
• Minimum opening balance of TZS 10,000/- or USD/EUR/ GBP 10/-
• Three withdrawal transactions per annum

• Affordable opening balance
• Competitive interest rates
• Convenience of handing over to the child when he/she turns 18 years of age.

How to Apply
• Complete account opening forms
• Copy of Birth Certificate
• 2 passport size photos of the child and of parent/guardian
• Minimum balance of TZS 10,000/- or USD/EUR/ GBP 10/-
• Identity card of the parent/guardian