Corporate Current Account

Our Corporate Current Account is a cheque book account for registered corporate entities that enables ease of transactions through third parties.

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.

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