Features:

• Opening balance of Ugx 100,000 or USD/GBP/EURO 200.
• Minimum balance Nil for UGX or USD 50, GBP 25 and EURO 35
• Ledger fees per entry of UGX 2,000 or USD 1, GBP 1 and EURO
• Minimum ledger fee per month of UGX 10,500 or USD 5, GBP 2 and EURO 3.
• Penalty below minimum Nil for UGX, USD 20, GBP 13 and EURO 16.
• Cheque book issued at account opening
• Unlimited access to account.
• Transactions can be made through a third party.

Benefits:

• Ability to transact through a third party
• Access to other bank products including loans and overdrafts
• Unlimited access to the account.

Fees and charges

• Ugx 2,000 per ledger entry.
• Monthly charges of UGX 10,500.

Requirements for Limited Liability Company:

• Proper identification i.e. National ID, passport or driving license for the signatories
• Reference-known bank customer (at least 6 month with Housing Finance Bnak)/trading license or VAT certificate
• Initial opening deposit of (100,000/=)
• Fully completed account opening forms
• Certificate of incorporation*
• Memorandum and Articles of Association*
• Particulars of Directors and secretaries of the company (company form 7)
• Board Resolution to open an account with Housing Finance Bank

Requirements for other entities like NGO, CBO, Associations, Co-operatives Union, Societies, Trusts:

• Fully completed Account opening forms
• Certified copy of the registration certificate
• Letter to Housing Finance Bank requesting to open up an account
• Valid identification i.e. National ID, Passport or driving license for the signatories
• Reference in writing by two account holders who have been with Housing Finance Bank for the last 12 months
• Registered copy of the constitution/memorandum of Association
• Initial opening deposit of 100,000/=
• Minutes of the committee meeting authorizing the application for account opening.

*All copies must be registered with the Registrar of companies and certified as true copies of the respective originals.