Bank Code
Tanzanian banks are identified by codes assigned by the Bank of Tanzania (BOT). Interbank transfers are processed through the Tanzania Interbank Settlement System (TISS) for real-time settlement and the Tanzania Automated Clearing House (TACH) for batch payments.
At a glance
Country
Tanzania
Identifier
BC
Format
Varies
Used for
Domestic transfers
Format breakdown
CRDB
Bank Code
Varies
Institution identifier
001
Branch Code
Varies
Branch identifier
How BC works
The bank code identifies the financial institution, and branch codes are separate. TISS handles high-value real-time settlement while TACH processes bulk payments. Mobile money dominates retail payments through M-Pesa, Tigo Pesa, and Airtel Money.
Where to find yours
In your mobile banking app, on your bank statement, or by contacting the Bank of Tanzania.
Payment systems in Tanzania
| System | Speed | Description |
|---|---|---|
| TISS | Real-time | Tanzania Interbank Settlement System for high-value gross settlement |
| TACH | 1 business day | Tanzania Automated Clearing House for batch EFT payments |
| M-Pesa / Tigo Pesa | Instant | Mobile money services used by the majority of the population |
Major banks in Tanzania
Good to know
Mobile money is the primary payment method in Tanzania — M-Pesa and Tigo Pesa handle most P2P transfers.
Tanzania introduced mobile money interoperability, allowing transfers between different mobile money networks.
TISS and TACH are used primarily for corporate and government payments — retail transfers use mobile money.
Related tools
Other countries
Frequently asked questions
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