I&M Bank Tanzania review
Updated September 28, 2026 · HodlCue Editorial Team · Facts checked September 26, 2026
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Our verdict
A prepaid multi-currency card from I&M Bank (Rwanda) Plc suits travellers in RW who want one card for several currencies rather than a crypto wallet. The card is prepaid on mastercard, and at RWF 25,000 a month the running cost stays modest for anyone spending abroad often.
Key facts
- Best for
- A prepaid multi-currency card for travel spending, with Nil (no card reload fee) on top-ups.
- 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↗
- Support channels
- Phone, Email, Help-centre↗
- Features
- Multi-currency, Travel
- Official website
- imbankgroup.com
Facts checked September 26, 2026, 3 sources
Pros and cons
Pros
- Reloads are covered: Nil (no card reload fee) on top-ups, so funding the card adds nothing to the running cost.
- 4 currencies held on a single card, positioned for multi currency and travel use.
- Help runs through phone, email and help centre rather than chat alone.
- The card works on mastercard, so acceptance follows that network.
Cons
- A RWF 25,000 monthly fee, where the median monthly fee across the site is €0.
- Because the card is prepaid, the balance sits with I&M Bank (Rwanda) Plc rather than in a wallet you hold.
- The card is offered by I&M Bank (Rwanda) Plc in Rwanda, so the 4 currency setup is aimed at that market.
Who it suits
- Travellers in RW who want multi currency and travel spending on a single card.
- Spenders who top up often and want reloads at Nil (no card reload fee).
- People who would rather call or email than rely on live chat, since support runs through phone, email and help centre.
Who should look elsewhere
- Monzo Flex, where the monthly fee is £0.
- Wise, for readers who would rather pay £0 a month than RWF 25,000.
- Bitpanda, whose monthly fee is €0, if the comparison is with crypto cards rather than bank cards.
How I&M Bank Tanzania compares
9.4 vs 9.4
9.4 vs 9.0
9.4 vs 8.2
9.4 vs 9.5
9.4 vs 9.6
9.4 vs 9.0
9.4 vs 9.1Monthly fee of €0, and it belongs on a crypto card shortlist rather than a bank card one.
9.4 vs 8.9
9.4 vs 8.1
9.4 vs 8.2
9.4 vs 9.5
9.4 vs 9.4
9.4 vs 9.2
9.4 vs 9.1
9.4 vs 9.0
9.4 vs 8.9- 9.4 vs 8.8
9.4 vs 8.8
9.4 vs 8.6
9.4 vs 8.5
9.4 vs 8.3
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 to hold each month?+
The monthly charge is RWF 25,000, and topping the card up adds nothing extra, since the reload fee is Nil (no card reload fee). That makes the running cost easy to predict for anyone who keeps a balance on the card.
What does it cost to convert currency when spending abroad?+
Conversion runs at 0%, and the card ranks 1 of the 237 brands ranked on currency conversion. For a card marketed at multi currency and travel use, that is the number that carries the most weight.
How many currencies can the card hold?+
The card covers 4 currencies at once and is positioned for multi currency and travel use. Holding several currencies on a single card means a trip can be paid for without converting each purchase separately at the till.
Is this a debit card or something else?+
It is a prepaid card issued by I&M Bank (Rwanda) Plc rather than a debit card, so the balance is loaded onto it before spending. A debit card draws straight from a bank account, which is the main difference in how the account works day to day.
Which card network does it run on?+
The card runs on mastercard, so it is accepted wherever that network is taken. For a card built around multi currency and travel use, the network matters as much as the conversion fee, since acceptance decides where the card can be used at all.
Who regulates the card?+
The card comes from I&M Bank (Rwanda) Plc, which is licensed in Rwanda by the National Bank of Rwanda. Because it is a prepaid card rather than a crypto product, the money sits with the bank and the regulator is a banking one.
How do I get help if something goes wrong?+
Help comes through phone, email and help centre, so a question can go by phone, by email or through the help centre. A problem is raised by call or in writing rather than by live chat on the card itself.
Can the card be used outside its home market?+
The card is issued by I&M Bank (Rwanda) Plc in Rwanda, so it is built for spending inside that market. Its multi currency and travel features help with trips, though a prepaid balance still has to be funded from a local account before it is spent abroad.
Sources
- imbank.co.rw checked September 26, 2026
Backs: Headquarters, Support channels
“Contact us through: [+250 788 162 006], or email info@imbank.co.rw”
- imbankgroup.com/rw/cards/im-multicurrency-prepaid-card checked September 26, 2026
Backs: Currencies, Features, Currency conversion fee, Legal entity, Top-up fee, Monthly fee, Card network, Licences
“1 Card, 4 Currencies, No Bank Account Required!”
- imbankgroup.com/rw/personal/cards/prepaid-cards checked September 26, 2026
Backs: Card type
“I&M Multicurrency Prepaid Card Frw 35000 Issuance Fee”
Compiled from 3 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Free ATM withdrawals, Protection.
I&M Bank Tanzania
A prepaid multi-currency card for travel spending, with Nil (no card reload fee) on top-ups.