Closest ATM and bank to the Hyatt Regency hotel for currency exchange,The majority of the time, using an ATM in Tanzania is not a problem for tourists, but occasionally there may be a problem with the computer links or the machines may run out of money. Additionally, there are no cash points outside of large cities like Arusha, Moshi, Dar, and Zanzibar.
Check back here for our guidance below if there are no nearby ATMs, Tanzanian ATMs are not accepting your card, or if you wish to avoid ATM fees or make greater withdrawals. It describes how to send money to yourself online and pick it up at a verified local cash pickup location.
The procedure is fairly similar to using your debit card to make an online purchase, and it is likely the easiest way to send money to yourself in a Tanzania.
Tanzanian ATMs in general have fees. These typically cost between $3 and $4, while freestanding machines in stores and tourist locations occasionally charge more and take a rather hefty commission given the conversion rate they provide.
Your own bank will likely impose a fee on you as well.
A Wise (formerly TransferWise) MasterCard can lower your home bank costs and provide a favorable exchange rate when making purchases. With their borderless account and card, you can save your money in more than 40 different currencies and use the debit card to withdraw money with negligible conversion costs and no transaction costs.
Withdrawal restrictions vary depending on the bank and may even change as the cash point depletes.
Since they typically range from 200,000 to 400,000 Shillings, fees from several withdrawals can quickly mount up.
It’s also important to keep in mind that cash machines in small towns might not always have enough money.
You can transfer far more than the maximum amount an ATM will allow you to withdraw while avoiding several withdrawals and the related costs by using the method for sending yourself money to Tanzania that is described below.
Major hotels accept debit and credit cards, but less expensive lodging, safaris, tourist destinations, and restaurants typically only accept cash.
Near the Hyatt Regency Hotel in Tanzani, there are numerous banks that provide a method for exchanging money and provide a secure setting.
Also read Closest ATM and bank to the Serena hotel for currency exchange
The top four banks and ATMs where you may effortlessly exchange money are listed below.
1.Absa Bank AND ATM
An African financial services organization with the goal of become the pride of the continent, Absa Group Limited, includes a Bank Tanzania. One of Africa’s largest diversified financial services firms, Absa Group Limited is listed on the JSE in South Africa and has a presence in 12 different countries on the continent. It employs about 42,000 people.
Absa Exchange Rate
|Currency||Name||Multiply or Divide||Buy Transfers||Buy Cheques||Buy Notes & T/Cheques||Sell T/Cheques & Transfers||Sell Notes|
|AED||United Arab Emirates Dirham||/||0.21140000||0.00000000||0.21840000||0.19612000||0.19262000|
|CNY||China Yuan Renminbi||/||0.42306000||0.00000000||0.44306000||0.38195000||0.37945000|
|HKD||Hong Kong Dollar||/||0.46050000||0.46650000||0.51300000||0.41040000||0.40440000|
|MZN||New Mozambican Metical||/||0.00000000||0.00000000||0.00000000||3.36388000||0.00000000|
|NZD||New Zealand Dollar||/||0.00000000||0.00000000||0.00000000||0.00000000||0.00000000|
Disclaimer: The rates displayed on this website are indicative only and are subject to change. Please visit an Absa branch for the real-time rates available at time of exchange.
2.Equity Bank and ATM
A commercial bank in Tanzania is called Equity Bank Limited – Tanzania. It is one of the commercial banks that the Bank of Tanzania, the nation’s banking watchdog, has granted a license to.
On February 9, 2012, Quality Centre Dar es Salaam and Arusha were the first two locations of Equity Bank Limited – Tanzania. The Bank now operates 8 branches, 6 of which are in Dar es Salaam and 1 each in Arusha and Mwanza. Over 85,675 customer accounts had been mobilized by the bank as of the end of June 2014.
The Equity Bank Group, with its headquarters in Nairobi, Kenya, also has financial services subsidiaries in Kenya, Uganda, Rwanda, Tanzania, and South Sudan. Equity Bank Limited Tanzania is a part of this group.
Equity Exchange Rate
At Equity Direct, we offer some of the best exchange rates you’ll find on the web along with an amazingly low transfer fee, every time. Here’s everything you need to know about our rates.
Interbank, the recognized real-time currency rate utilized by Reuters and other reputable organizations, is the basis on which we base our rates. We very slightly increase that commission, always making sure it is significantly less than what the major banks and foreign exchange counters charge.
It’s crucial to be aware that you could not always receive the same conversion rate because we always utilize the “live” Interbank exchange rate. Regardless of market rates, we do promise that you’ll always receive excellent value for your money.
If you need to transfer money for business purposes, opening a separate business account with us is highly recommended because business customers have access to premium rates. Simply fill out a few fields on this website, and we’ll take care of the rest for you.
3.CRDB bank And ATM
This Bank was established in 1996 and listed on the Dar es Salaam Stock Exchange (DSE) in June 2009.
For several years now, CRDB bank has achieved great operational success and become an important partner in the provision of financial services in the East African region. This success is due to our commitment to improved service offering which has made us a trustworthy partner in the East African region.
We operate two subsidiaries, CRDB Bank Burundi (S.A) and CRDB Insurance Brokers Limited. We are the largest bank in Tanzania with a robust network comprising approximately 254 branches, 558 ATMs, 18 Depository ATMs, 19 mobile branches, 22,400 agents and 3,838 Point of Sales (POS).
We provide a wide range of financial services to individuals, Small and Medium Enterprises (SMEs), and corporations. We were the first in Tanzania to establish a Banking Services Agents Division in 2013, and till now we have 22,400 Agents (Fahari Huduma) centers. Our bank also offers services through the Internet and mobile phone service as well.
CRDB bank Exchange Rate
Last Updated: Oct 27, 2022, 05:00pm
|AED||UNITED ARAB EMIRATE DIRHAM||635.00||640.00|
|USD||UNITED STATES DOLLAR||2,322.00||2,362.00|
|ZAR||SOUTH AFRICAN RAND||124.00||134.00|