THIS KEY FACTS DOCUMENT IS IMPORTANT TO YOU. IT SUMMARISES THE TRANSACTION YOU ARE
CONSIDERING. PLEASE ONLY SIGN AFTER YOU HAVE READ, UNDERSTOOD AND AGREED TO THE
CONTENT OF THIS DOCUMENT.
- TYPE OF ACCOUNT PEARL PERSONAL CURRENT ACCOUNT (UGX)
- AIMS AND BENEFITS No limit on number of withdrawals, No notice required when withdrawing money. ATM Card with bigger withdrawal limit
|a)||Interest to be earned: 0% per annum||The interest rate is: Fixed ⃝ Variable ⃝ Tiered ⃝|
|b)||Travel Insurance||FREE travel insurance of up to 5 free trips worldwide covering emergency medical and repatriation expenses among others up to a limit of USD 55,000|
|c)||Critical Illness Cover||Cover up to UGX 3,000,000 in the event an account holder is diagnosed with following critical illnesses; Cardiovascular conditions, Stroke, Cancer, Major organic failure/transplant, Major Burns.|
|d)||Last Expense Benefit for account holders and family||Cover up to UGX 15,000,000 following the death of an account holder, account holder’s spouse and up to 2 children.|
|e)||Hospital cash benefit||Medical cash benefit of up to UGX 50,000 per day for 14 days in case of hospitalization of account holder for more than 3 days.|
- TERMS AND CONDITIONS
|b)||Duration: Unlimited||End date: Open|
|c)||Account opening balance in UGX||100,000|
|d)||Minimum Balance in UGX||Nil|
|4. FEES, CHARGES AND PENALTIES|
|Description of standard fees||Amount in UGX|
|a)||Withdrawal fees :Over the counter (teller)
: Bulk cash withdraw (UGX 20M and above)
|b)||Account statements: monthly is free of charge||As per the Tariff Guide|
|c)||Forex deposits charge||0|
|d)||Account management/service fees||40,000|
|e)||Interim, duplicate statements||2,500|
|g)||Below minimum balance penalty||N/A|
|Potential additional fees/charges|
|h)||Cheque book request cost per leaf||1,000|
|i)||Account closure fees||20,000|
|j)||Customized statement||5,000 per page and a minimum
|k)||Standing orders within the bank||2,500|
|l)||Standing orders to other banks||20,000|
Bank to Wallet transfer to Telecom mobile money (MTN, AIRTEL)
|UGX 5,000 – 30,000 =UGX 500
UGX30,001 – 60,000 =UGX 1,000
UGX 60,001 – 125,000 =UGX 1,000 UGX 125,001 – 250,000=UGX 1,500 UGX 250,001 – 500,000=UGX 2,000 UGX 500,001 – 1,000,000=UGX 2,500 UGX 1,000,001-2,000,000=UGX 3,000
UGX 2,000,001-5,000,000=UGX 5,000
Prepaid card : Loading Fee
|p)||Platinum: Card Issuance/Replacement/ Stolen/Lost / Damaged||25,000 UGX|
|s)||Annual Card fees – Platinum||50,000 UGX (12,500 per quarter)|
Depending on how you use the account, you may be charged any of the fees above, which will be directly deducted from your account. NOTE that while the common fees, charges and penalties are listed in the table above, there may be other fees, charges and penalties – you can find information on these in our TARRIF GUIDE available in our branches and website.
- a) If your balance falls below the minimum balance allowed, you will have to pay penalty charges.
- b) n/a c) n/a
- FURTHER POINTS TO CONSIDER
How to deposit money into your account: You can pay money into your account in any of the following ways: over the counter and through electronic transfers directly onto your account.
How to take money out of your account: You can take money out of your account in any of the following ways: over the counter and through electronics transfers directly off your account.
Inactivity/dormancy: After 24 months of inactivity, an account will be considered dormant. You will need to fill in a reactivation form to reactivate your account and a fee will apply.
Deposit protection: Your deposits are insured up to UGX 10 million by the Uganda Deposit Protection Fund. Please ask our staff for further details.
Tax implications: The current withholding tax / excise duty will be debited from your account.
Account closure: You may close your account at any time. To close your account you will fill in an account closure form at the nearest branch .However for a faster process you are requested to do the same at the branch where you opened your account from. If you close your account, there will be a charge for doing so and the account will be closed after 01 day. If it is a fixed deposit account, early termination may result in losing interest accrued.
How to complain: If you are dissatisfied with our services, we welcome you to communicate this to us to address the concern. We will acknowledge receipt of your complaint, investigate and give you an answer within two weeks maximum.
Future communications: It is important for us to be able to communicate with you. Below, please tick at least two preferred means of communication and provide details (and update us in case of any changes):
|Mobile Phone □||Email □||Post □||Over the counter □||Other □|