Money Transfer – TISS

Send and receive money locally

Now it is much easy with Tanzania Inter-bank Settlement System (TISS)

What We Offer

A Real Time Gross Settlement System (RTGS) implemented by Bank of Tanzania is an online system that facilitates real time and gross settlement of payment instructions between Banks. TISS improves efficiency in the payment system by eliminating the settlement time lag for high-value and time-sensitive transactions.

TISS functionalities include

Online real-time account management and inter-bank high-value or time-critical funds transfers and payments. TISS also minimizes settlement risks.

How it Works

To use the services, please visit the nearest branch of FINCA Tanzania and have your National ID or NIDA number with you.

Benefits of using FINCA Tanzania Money Transfers

  • Country reach: You can transfer money to and from FINCA throughout the country.

  • Reliability and Security: Reduce risks associated with physical movement of cash between sender and beneficiary.

  • Speed and Convenience: Quick and convenient money transfers within minutes of the transaction being initiated.

  • Cost efficiency: Fees do not exceed TZS. 10,000 for each transfer regardless of the amount.

  • Processed in real-time: the beneficiary will receive funds on the same day.

Frequently Asked Questions

TISS is a Real-Time Gross Settlement System (RTGS) system implemented by the Bank of Tanzania.

TISS reduces risks associated with the physical movement of cash between the sender and the beneficiary. However, it charges a fee of up to TZS 10,000 for each transfer, regardless of the amount.

Yes, fees of TISS do not exceed TZS. 10,000 for each transfers regardless of the amount.

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