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I&M Bank Tanzania review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

I&M Bank Tanzania suits readers who hold several currencies and would rather not pay for conversions or for loading the card. The products are published under I&M Bank (Rwanda) Plc and score 8.1 on cost, so confirm which entity issues the card you open.

Key facts

Best for
A multi-currency prepaid card with a free conversion charge and no reload fee.
Monthly fee
RWF 25,000↗
Currency conversion fee
0%↗
Card type
Prepaid↗
Top-up fee
Nil (no card reload fee)↗
Card network
Mastercard↗
Currencies
4↗
Legal entity
I&M Bank (Rwanda) Plc↗
Headquarters
Rwanda↗
Founded
2010↗
Support channels
Phone, Email, Help-centre↗
Features
Multi-currency, Travel
Official website
imbankgroup.com

Savings

Headline rate
3.5% to 8.5%↗
Rate type
Fixed↗
Term
6 to 60 months↗
Minimum deposit
TZS 50,000↗
Access terms
Deposits made automatically on a regular basis↗
Account kind
Fixed↗

Credit cards

Rewards type
Points↗
Rewards rate
0.5% on POS and online shopping↗
Perks
Unlimited airport lounge access (800+ locations), Up to 50 days credit period↗
Card kind
Credit↗

Facts checked September 26, 2026, 8 sources

Apps and profiles

Get the app
App Store
Elsewhere
WikidataX

Pros and cons

Pros

  • Card top-ups carry no fee, since loading the multi-currency prepaid card is Nil (no card reload fee).
  • Currency conversion is charged at 0%, which places I&M Bank Tanzania at 1 of 258 brands on that measure.
  • The card holds 4 currencies with multi currency and travel features, so a trip abroad does not need a second card.
  • Published rates of 3.5% to 8.5% sit above the site's median published rate, 3%, on a fixed basis.

Cons

  • The multi-currency prepaid card runs at RWF 25,000 a month, where JMMB Moneyline and JMMB Money Transfer prepaid card lists JMD 0 and CrediMax Cardy EX prepaid Visa lists BHD 0.
  • Support runs on phone, email and help centre only, so a card that stops working has no branch counter to visit.
  • Card and rate terms are published by the group's Rwandan entity, I&M Bank (Rwanda) Plc, based in Rwanda, so the entity named on your application is worth checking.
  • The return is locked at a fixed rate for 6 to 60, and a fixed account only opens once you meet a minimum deposit of TZS 50,000.
I&M Bank Tanzania

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Scored 9.2 / 10 by SumCue.

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Who it suits

  • Readers who hold more than one currency and pay in each, since the card covers 4.
  • Travellers who would rather convert at no cost than chase rewards on a spending card.
  • People who can leave a minimum deposit of TZS 50,000 in a fixed account for 6 to 60.

Who should look elsewhere

  • Anyone who wants a prepaid card with no monthly charge: the multi-currency card runs at RWF 25,000, where JMMB Moneyline and JMMB Money Transfer prepaid card lists JMD 0 and CrediMax Cardy EX prepaid Visa lists BHD 0.
  • Readers who need live chat or a branch to sort a blocked card, since help runs on phone, email and help centre only.
  • Readers after lounge access and reward points should note both sit with the group's credit card, which pays 0.5% on POS and online shopping in points and lists Unlimited airport lounge access (800+ locations) and Up to 50 days credit period.

Using it abroad

The multi-currency prepaid card runs on the mastercard network, so acceptance outside the home market follows that scheme's reach rather than a local-only arrangement. The currency conversion fee is 0%, and that one line decides whether a card is worth taking on a trip. It ranks 1 of 258 brands on the measure, while the site median is 1% and the upper quartile 2.5%. Converting at no cost matters most to anyone whose spending is split between a home currency and a holiday currency, because the usual alternative is a slice of every transaction. The network and the conversion fee are the only two lines in the terms that change what a trip costs, so they are the figures to check before applying.

Using it day to day

The card is prepaid, so it spends only what you have loaded and carries no revolving balance to repay. That structure suits readers who want a spending limit they set themselves, and it caps what a lost or stolen card can take, since the money at risk is the loaded balance rather than a credit line. Payments run on the mastercard network, which is the part that matters for acceptance in everyday shops and at machines. If something goes wrong, support runs on phone, email and help centre, and phone is the practical channel for a card that will not work. Because the card is loaded rather than credited, keeping the balance topped up is the everyday habit that matters here.

Rates and terms

Published rates run 3.5% to 8.5%, the rate type is fixed, and terms last 6 to 60. The fixed basis is the central trade-off: the return is known when the account opens and holds for the full term, but it does not rise if rates elsewhere climb, and the money is tied up rather than available on demand. The lower end of the range is what a modest balance earns, while the upper end generally needs a larger balance or a longer lock-in, so read the range as a pair rather than a single headline. Against the wider market, the site's median published rate is 3% and the upper quartile 4.15%, so both ends of this range sit above the middle. The median term on the site is 36, and this range covers that figure on both sides.

Fees and currency costs

Fees are RWF 25,000 a month on the multi-currency prepaid card, loading the card carries Nil (no card reload fee), and the currency conversion fee is 0%. The monthly charge is the line that decides whether the card is worth keeping, because a free conversion and a nil loading fee only show up on the day you spend, while a recurring charge arrives every month whether you use the card or not. The alternatives sit differently: JMMB Moneyline and JMMB Money Transfer prepaid card lists JMD 0 a month, CrediMax Cardy EX prepaid Visa lists BHD 0, and Skrill lists €5. Currency conversion is where this card pulls clear of all three.

Who runs it

The products behind these fees are published by the group's Rwandan entity, I&M Bank (Rwanda) Plc, headquartered in Rwanda, and the Rwanda entity is regulated by the National Bank of Rwanda. The bank reviewed here was founded in 2010, so the card terms and the rate table come from a different company within the same group. That is worth knowing before you apply, because the entity on the form is the one that holds your money. Support runs on phone, email and help centre, and phone is the practical channel for a blocked card, with email and the help centre as written routes.

How I&M Bank Tanzania compares

Where I&M Bank Tanzania is available

Available
Rwanda
Licence in Rwanda
National Bank of Rwanda, checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does the card cost me each month?+

The multi-currency prepaid card carries a monthly fee of RWF 25,000. Loading money onto it is Nil (no card reload fee), so top-ups do not add to the bill. For comparison, Skrill's monthly fee is €5, while JMMB Moneyline and JMMB Money Transfer prepaid card lists JMD 0 and CrediMax Cardy EX prepaid Visa lists BHD 0.

Will I be charged for spending in another currency?+

No. The currency conversion fee on the multi-currency card is 0%, so a purchase in a second currency costs no more than one in your home currency. Across 258 brands ranked on this measure, this brand sits at 1. That is the figure to check first if you travel or receive money in more than one currency.

What kind of card is this, and where will it work?+

It is a prepaid card, so it spends only what you have loaded onto it and carries no credit line. The network is mastercard, which is the scheme that decides acceptance at shops and cash machines abroad. Because the balance is loaded rather than borrowed, a lost card puts your loaded money at risk rather than a credit balance.

What rate do the fixed accounts pay, and how long are they for?+

Published rates run 3.5% to 8.5% on a fixed basis, with terms of 6 to 60. The fixed element is the trade-off: the return is known when you open the account and holds for the full term, but it does not rise if rates elsewhere climb. For context, the median published rate on the site is 3%.

How much do I need to put in to open a fixed account?+

A minimum deposit of TZS 50,000 applies. Below that, there is no fixed account to open, which matters if you are starting with a small balance and want a return rather than cash. Among the debit cards listed, the upper quartile of minimum deposits is €10, so this entry point sits above the middle of that market.

How do I reach someone if a payment is blocked?+

Support runs on phone, email and help centre, so phone is the fastest route for a card that will not work, with email and the help centre behind it. No branch or live chat runs alongside them. If a call is not convenient, the email and help-centre routes give you a written record of the same problem.

Who runs this account, and which regulator covers it?+

The products behind these terms are published by I&M Bank (Rwanda) Plc, an entity headquartered in Rwanda, and the Rwanda entity is regulated by the National Bank of Rwanda. The bank reviewed here was founded in 2010. Since the card terms and the rate table come from the group company rather than the local one, check the entity named in your application.

Does anything in the group earn rewards?+

The group's credit card is a separate product from the prepaid card these fees cover, and it is the one with rewards: 0.5% on POS and online shopping in points, plus listed perks of Unlimited airport lounge access (800+ locations) and Up to 50 days credit period. If you were expecting points on the multi-currency card, you would be opening the wrong product.

How does a fixed deposit compare with the risk in consumer lending?+

Site-wide, the median share of retail balances that end in loss sits at 70.15%, with the upper quartile at 74.5% and the lowest at 40.3%. A fixed deposit paying 3.5% to 8.5% over 6 to 60 sits on your side of the balance sheet, so that kind of lending exposure is not yours to carry.

Sources

Compiled from 8 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Free ATM withdrawals, Protection.

I&M Bank Tanzania

I&M Bank Tanzania

A multi-currency prepaid card with a free conversion charge and no reload fee.

9.2/10See alternatives