NGO CURRENT ACCOUNT

This is tailored for non-Government organizations, development, faith-based or community-based organizations to help you on your journey to turn your vision into tangible accomplishments. It is ideal for organizations like community development groups, churches, mosques, donor groups.

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What it costs

  • Opening balance of UGX 200,000, USD 200, GBP 200 or EUR 200
  • Monthly Account maintenance fee of UGX 10,000=, USD/EUR 10 GBP 5

What you get

  • No monthly management fees provided the minimum monthly account balance is maintained
  • Interest paid on balances above 50 million shillings.
  • Free cash and cheque deposits
  • Free telegraphic transfers into the account
  • Free electronic transfers into the account
  • Free Online Banking
  • Accounts available in local and foreign currencies

What you need.

  • A certified NGO certificate that can be obtained from the NGO Bureau MOIA.
  • A copy of the Organisation’s constitution certified by the NGO Bureau.
  • Resolution to open an account and a duly signed mandate certified by the NGO Bureau.
  • Proof of source of funds for example donor agreements, grant approvals, published list of funders as well as any other reliable form of information.
  • 2 Passport-size photos for each signatory and valid Identification documents.
  • Proof of physical address.
  • Original signatures/minutes of meeting signed off by the majority.

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