Home News Tanzania Barclays scraps ATMs throughout East Africa

Barclays scraps ATMs throughout East Africa

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DAR ES SALAAM, TANZANIA - The Barclays Bank is the first commercial bank in East Africa to scrap charges on transactions through the Automated Teller Machines (ATMs) from May 1st 2011.
The free of charge relief will apply to all bank's customers in Tanzania, Kenya and Uganda where Barclays Bank has branches. The bank hasn't established itself in the other two East African Community countries of Burundi and Rwanda.
Speaking to journalists in Dar es Salaam last week, Barclays Bank (T) ltd Managing Director Kihara Maina said, "All Barclays Bank Tanzania's 51 ATMs across the country, will offer ATM transactions free of charge." The Bank currently charges Tshs 600 (US$0.40) per transaction.
ATMs which have greatly reduced congestion in banking halls across the EAC now have sweetened further financial services by the scrapping of ATMs charges.
Mr Maina promised his bank will continue to "explore more ways to make banking more accessible, affordable and convenient. The offer is in line with our overall strategy to make our customer's banking experience easier and attractive."
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