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

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

CurrencyNameMultiply or DivideBuy TransfersBuy ChequesBuy Notes & T/ChequesSell T/Cheques & TransfersSell Notes
AEDUnited Arab Emirates Dirham/0.211400000.000000000.218400000.196120000.19262000
AUDAustralian Dollar/0.088457170.089457170.090457170.083423940.08292394
BWPBotswana Pula/0.761270680.763270680.767270680.715142640.71264264
CADCanadian Dollar/0.078377140.079877140.081877140.072358740.07185874
CHFSwiss Franc/0.057456740.057956740.057956740.052443810.05194381
CNYChina Yuan Renminbi/0.423060000.000000000.443060000.381950000.37945000
DKKDanish Kroner/0.000000000.000000000.000000000.000000000.00000000
EUREuropean Euro*17.7979700017.7649700017.6404700018.2613000018.29480000
GBPBritish Sterling*20.6111400020.5811400020.4491400021.0866000021.12760000
GHSGhanaian Cedi/0.841130000.000000000.000000000.745490000.00000000
HKDHong Kong Dollar/0.460500000.466500000.513000000.410400000.40440000
ILSIsraeli Shekel/0.204228230.204228230.254228230.186010080.16301008
INRIndian Rupee/4.675620004.725620004.795620004.473120000.00000000
JPYJapanese Yen/8.308000008.358000008.448000007.965000007.93500000
KESKenyan Shilling/7.141800007.191800000.000000006.599680000.00000000
MURMauritian Rupee/2.803640002.813640002.823640002.522080002.49908000
MWKMalawian Kwacha/0.000000000.000000000.0000000054.331290000.00000000
MXNMexican Peso/0.000000000.000000000.000000001.024300000.00000000
MZNNew Mozambican Metical/0.000000000.000000000.000000003.363880000.00000000
NADNamibian Dollar/1.000000001.000000001.000000001.000000001.00000000
NGNNigerian Naira/0.000000000.000000000.0000000023.943760000.00000000
NOKNorwegian Kroner/0.601960000.611960000.621960000.541650000.53165000
NZDNew Zealand Dollar/0.000000000.000000000.000000000.000000000.00000000
PKRPakistani Rupee/0.000000000.000000000.000000000.000000000.00000000
PLNPolish Zloty/0.268899830.000000000.000000000.256744410.00000000
QARQatar Rial/0.211460000.000000000.000000000.192850000.00000000
SARSaudi Riyal/0.217530000.224530000.230030000.199340000.19434000
SCRSeychelles Rupee/0.000000000.000000000.000000000.000000000.00000000
SEKSwedish Kronor/0.631600000.637600000.652600000.581300000.56630000
SGDSingapore Dollar/0.000000000.000000000.000000000.000000000.00000000
SZLSwaziland Lilangeni/1.000000001.000000001.000000001.000000001.00000000
UGXUganda Shilling/221.92083000224.920830000.00000000201.320330000.00000000
USDUS Dollar*17.8526000017.8326000017.8206000018.1999000018.20590000
ZMWZambian Kwacha/0.959440000.969440000.000000000.893420000.00000000
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

1US DollarsUSD2,3232,362
3Japanese YenJPY1419
4South African RandZAR126136
5Kenya ShillingsKES17.421.4
6Sweden KronaSEK195225
7Norway KroneNOK208238
8Chinese YuanCNY314333
9Swiss FrancCHF2,2922,398
10Canadian DollarsCAD1,6451,766
11Australian DollarsAUD1,4341,549
12Indian RupeeINR2632
14Denmark KroneDKK288326
15Rwandese FrancRWF2.18602.5061
16Uganda ShillingsUGX0.54070.6319

NMB Bank Exchange Rate

CurrencyCODE50, 100, 200, & 5001, 2, 5, 10, & 20
50 – 500 Buy50 – 500 Sell1 – 20 Buy1 – 20 Sell
US DollarsUSD2,3232,3622,3232,362
South African RandZAR116136116136
Kenya ShillingsKES16.221.416.221.4
Rwandese FrancRWF2.18602.50612.18602.5061
Uganda ShillingsUGX0.54070.63190.54070.6319