Features:

• Opening balance of UGX 100,000 or USD/GBP/EUR 200
• Minimum balance Nil for UGX, USD 50, GBP 25 and EUR 35
• Ledger fees per entry as per tariff guide
• Monthly management fee as per tariff guide

Benefits:

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

Requirements for Limited Liability Company:

• Valid National ID
• Reference-known bank customer (at least 6 month with Housing Finance Bank)/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 National ID
• 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.