Closest ATM and bank to the Zanzibar Serena hotel for currency exchange

Closest ATM and bank to the Zanzibar Serena hotel for currency exchange
Closest ATM and bank to the Zanzibar Serena hotel for currency exchange

Closest ATM and bank to the Zanzibar Serena 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 Zanzibar Serena Hotel in Tanzani, there are numerous banks that provide a method for exchanging money and provide a secure setting.

Also read Is the zanzibar Serena Hotel the ideal choice for weddings and honeymoons?

Closest ATM and bank to the Zanzibar Serena hotel for currency exchange
Closest ATM and bank to the Zanzibar 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
AUD Australian Dollar / 0.08845717 0.08945717 0.09045717 0.08342394 0.08292394
BWP Botswana Pula / 0.76127068 0.76327068 0.76727068 0.71514264 0.71264264
CAD Canadian Dollar / 0.07837714 0.07987714 0.08187714 0.07235874 0.07185874
CHF Swiss Franc / 0.05745674 0.05795674 0.05795674 0.05244381 0.05194381
CNY China Yuan Renminbi / 0.42306000 0.00000000 0.44306000 0.38195000 0.37945000
DKK Danish Kroner / 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
EUR European Euro * 17.79797000 17.76497000 17.64047000 18.26130000 18.29480000
GBP British Sterling * 20.61114000 20.58114000 20.44914000 21.08660000 21.12760000
GHS Ghanaian Cedi / 0.84113000 0.00000000 0.00000000 0.74549000 0.00000000
HKD Hong Kong Dollar / 0.46050000 0.46650000 0.51300000 0.41040000 0.40440000
ILS Israeli Shekel / 0.20422823 0.20422823 0.25422823 0.18601008 0.16301008
INR Indian Rupee / 4.67562000 4.72562000 4.79562000 4.47312000 0.00000000
JPY Japanese Yen / 8.30800000 8.35800000 8.44800000 7.96500000 7.93500000
KES Kenyan Shilling / 7.14180000 7.19180000 0.00000000 6.59968000 0.00000000
MUR Mauritian Rupee / 2.80364000 2.81364000 2.82364000 2.52208000 2.49908000
MWK Malawian Kwacha / 0.00000000 0.00000000 0.00000000 54.33129000 0.00000000
MXN Mexican Peso / 0.00000000 0.00000000 0.00000000 1.02430000 0.00000000
MZN New Mozambican Metical / 0.00000000 0.00000000 0.00000000 3.36388000 0.00000000
NAD Namibian Dollar / 1.00000000 1.00000000 1.00000000 1.00000000 1.00000000
NGN Nigerian Naira / 0.00000000 0.00000000 0.00000000 23.94376000 0.00000000
NOK Norwegian Kroner / 0.60196000 0.61196000 0.62196000 0.54165000 0.53165000
NZD New Zealand Dollar / 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
PKR Pakistani Rupee / 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
PLN Polish Zloty / 0.26889983 0.00000000 0.00000000 0.25674441 0.00000000
QAR Qatar Rial / 0.21146000 0.00000000 0.00000000 0.19285000 0.00000000
SAR Saudi Riyal / 0.21753000 0.22453000 0.23003000 0.19934000 0.19434000
SCR Seychelles Rupee / 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
SEK Swedish Kronor / 0.63160000 0.63760000 0.65260000 0.58130000 0.56630000
SGD Singapore Dollar / 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
SZL Swaziland Lilangeni / 1.00000000 1.00000000 1.00000000 1.00000000 1.00000000
UGX Uganda Shilling / 221.92083000 224.92083000 0.00000000 201.32033000 0.00000000
USD US Dollar * 17.85260000 17.83260000 17.82060000 18.19990000 18.20590000
ZMW Zambian Kwacha / 0.95944000 0.96944000 0.00000000 0.89342000 0.00000000
Last updated: 2022/10/27

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

Disclaimer: The rates displayed on this website are indicative only and are subject to change. Please visit an CRDB branch for the real-time rates available at time of exchange.

4.NMB Bank And ATM

NMB Bank is one of the largest commercial banks in Tanzania, providing banking services to individuals, small to medium sized corporate clients, government services, large businesses and agriculture lending.

NMB Bank was established under the National Microfinance Bank Limited Incorporation Act of 1997, following the break-up of the old National Bank of Commerce, by an Act of Parliament. Three new entities were created at the time, namely: (a) NBC Holdings Limited (b) National Bank of Commerce (1997) Limited and (c) National Microfinance Bank Limited.

Initially NMB Bank could only provide payment services as well as offer savings accounts, with limited lending capabilities, before becoming a fully-fledged universal retail bank.

In 2005, the Government of the United Republic of Tanzania privatized the bank when it sold part of its shareholding (49%) to a consortium led by the Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (‘Rabobank Group’).

Subsequently, there was further divestiture in 2008 when the Tanzanian Government off loaded another 21% of its shareholding to the Tanzanian public through an Initial Public Offering (IPO). The listing of the bank’s stock on the Dar es Salaam Stock Exchange has led to a diversified ownership structure.

NMB Bank Exchange Rate

# Currency CODE Buy Sell
1 US Dollars USD 2,323 2,362
2 Euro EUR 2,256 2,383
3 Japanese Yen JPY 14 19
4 South African Rand ZAR 126 136
5 Kenya Shillings KES 17.4 21.4
6 Sweden Krona SEK 195 225
7 Norway Krone NOK 208 238
8 Chinese Yuan CNY 314 333
9 Swiss Franc CHF 2,292 2,398
10 Canadian Dollars CAD 1,645 1,766
11 Australian Dollars AUD 1,434 1,549
12 Indian Rupee INR 26 32
13 Sterling GBP 2,636 2,764
14 Denmark Krone DKK 288 326
15 Rwandese Franc RWF 2.1860 2.5061
16 Uganda Shillings UGX 0.5407 0.6319

NMB Bank Exchange Rate

Currency CODE 50, 100, 200, & 500 1, 2, 5, 10, & 20
50 – 500 Buy 50 – 500 Sell 1 – 20 Buy 1 – 20 Sell
US Dollars USD 2,323 2,362 2,323 2,362
Euro EUR 2,256 2,383 2,256 2,383
South African Rand ZAR 116 136 116 136
Kenya Shillings KES 16.2 21.4 16.2 21.4
Sterling GBP 2,636 2,764 2,636 2,764
Rwandese Franc RWF 2.1860 2.5061 2.1860 2.5061
Uganda Shillings UGX 0.5407 0.6319 0.5407 0.6319