CORPORATE CURRENT ACCOUNT

Manage your business conveniently and access a wide range of financial services and tailored transactional business solutions to help grow your business. With the corporate current account, you are able to make quick payments, transfers, keep audit trail and access business loans.

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What it costs.

  • 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 of UGX 2,000 or USD/GBP/EUR 1.
  • Monthly management fee of UGX 20,000, USD 7/GBP5/EUR5.

What you get.

  • Ability to transact through a third party.
  • Unlimited access to the account.
  • Access to other bank products and services including loans.
  • Eligibility for temporary overdraft based on length of relationship (facilities)
  • No charges on UGX and forex deposits
  • Access to corporate internet Banking.
  • Access to a dedicated Business Banker

What you need

  • A copy of a certificate of incorporation.
  • A copy of company form 7 or 20.
  • A copy of memorandum and articles of association.
  • A certified copy of a registered resolution of the Board of Directors to open an account with the Bank in all relevant currencies and the names of those who are authorized to operate this account with the Bank.
  • A search of the file at the Company Registry.
  • A copy of the Annual Returns (with exception of new companies)
  • Copies of the original and valid TIN certificate and VAT certificate (where applicable).

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