CORUTZTZ11-character variant (head office):
CORUTZTZXXXWhether funds come from abroad or another local account, here's how to receive — and what it costs.
Sender uses CORUTZTZ + your account number.
Sender uses Wise, LemFi, or Sendwave to deposit into your account.
Receive into M-Pesa, then move to CRDB if needed.
Tanzanian banks settle through TIPS, the central bank's instant payment system, which also interconnects mobile money operators.
TIPS lets money move between bank accounts and M-Pesa, Tigo Pesa (Mixx), Airtel Money, and Halopesa wallets in real time.
Rail operator: www.bot.go.tz
When you actually need a SWIFT code: only for receiving money from another country. TIPS handles every domestic tanzania bank-to-bank, bank-to-wallet, and wallet-to-bank transfer at near-instant speed. If the sender is in the same country, SWIFT isn't involved at all — they just need your bank codes or phone number.
For inbound international flows, TIPS also matters: most modern remittance operators (Wise, Sendwave, LemFi, WorldRemit, TapTap Send) terminate their payouts via this rail rather than via correspondent SWIFT relationships. That's how they deliver in minutes instead of days — and why their all-in cost can be a fraction of a classic SWIFT wire.
Cash pickup is the fourth node in the receiving graph: Western Union, MoneyGram, Ria, RemitOne. These remain expensive but are the only option in some last-mile situations (no bank account, no wallet, urgent cash need). Mobile money cash-out via an agent network is increasingly the cheaper alternative — see our country mobile-money fee page for current cash-out rates.
One practical tip: if you're expecting a payment from abroad, ask the sender to choose the destination based on speed and amount. Small frequent payments below US$1,000 are almost always cheaper via a remittance app to your wallet. Mid-size payments (US$1,000–10,000) work well to your bank account via the same apps. Genuinely large payments (above US$50,000) are usually only practical via a SWIFT wire, even though they're the most expensive per dollar at that band.
| Bank code | Country | Location |
|---|---|---|
| CORU | TZ | TZ |
| CRDB | TZ (Tanzania) | Dar es Salaam |
An 11-character variant like CORUTZTZXXX also indicates the head office — the trailing 'XXX' is the default. Codes ending in different sequences (e.g. 'CORUTZTZ001') refer to specific branches.
Check any SWIFT/BIC code is correctly formatted before a transfer.
vs TZS (Tanzanian Shilling)
CRDB Bank, formerly Cooperative and Rural Development Bank, was established in 1996 from the privatisation of an earlier state-owned cooperative-banking institution and has grown into Tanzania's largest commercial bank by assets. The bank is listed on the Dar es Salaam Stock Exchange and operates around 270 branches plus a subsidiary in Burundi and a representative office in Dar es Salaam's key trade and shipping districts. CRDB is a major channel for inbound foreign-currency flows tied to Tanzania-China trade and the East African Community integration corridor. SWIFT code CORUTZTZ — using bank code CORU derived from "Cooperative Rural" — identifies the Ali Hassan Mwinyi Road head office. Long form: CORUTZTZXXX.
Plot 25 & 26 Ali Hassan Mwinyi Road, Dar es Salaam
Map centred on Dar es Salaam. Click "View on OpenStreetMap" below for precise location.
CRDB Bank — Tanzania's commercial bank (founded 1996) — has the SWIFT/BIC code CORUTZTZ. The 8-character base BIC CORUTZTZ targets the Dar es Salaam head office; the 11-character variant CORUTZTZXXX names that same head office explicitly. You only need it for receiving an INTERNATIONAL wire (from another country). For transfers from another Tanzania account, you just use your account number plus the domestic rail (TIPS).
Yes. Operators like WorldRemit, Sendwave, Afriex, and Flutterwave Send let a sender abroad deposit directly into M-Pesa without going through your CRDB account. It's usually faster and cheaper than a SWIFT wire for smaller amounts. You can then move funds to CRDB via TIPS if needed.
Via Tanzania Instant Payment System (TIPS), which interconnects banks and wallets in real time. From the CRDB app: add M-Pesa as a beneficiary with your phone number, and the transfer arrives instantly. See our Tanzania mobile money fees page for the exact cost.
For amounts under ~US$5,000, a remittance app (Wise, LemFi, Sendwave) depositing direct to your CRDB account is almost always cheaper than a classic SWIFT wire — lower fees and a rate closer to mid-market. For larger amounts, compare SWIFT vs app on our Tanzania inbound transfer comparison.
Yes. CRDB is connected to Tanzania Instant Payment System (TIPS), which enables near-instant transfers to other Tanzania banks and to mobile money wallets (M-Pesa, Mixx by Yas, Airtel Money). This is the infrastructure remittance apps use behind the scenes to deliver in real time.
Source: CRDB's official website + Wise SWIFT directory. Last verified: 2026-06-04. SWIFT codes change rarely but always confirm with your bank before initiating a transfer. Educational only — not financial advice.