Classic Savings Accounts

Our Classic Savings account is a transactional account targeting self-employed individuals. The account gives the customer the benefit of unrestricted withdrawals and deposits at minimal charges and can be operated both at the counter and on the digital channels.

Features:

  • Opening balance of UGX 20,000, USD 30, Euro 30, GBP 30
  • Minimum balance of UGX 10,000; USD 10, Euro 10, GBP 10
  • Monthly management fees of UGX 2,500; USD 3, Euro 3, GBP 3
  • Over the counter withdraw charges – UGX 2,000; USD 2, Euro 2, GBP 2
  • Free sign up on internet and mobile banking
  • Option of a standard or prepaid MasterCard

Benefits:

  • Low opening and minimum balance
  • Option of operating account in forex
  • Convenience of operating account through the digital channels.
  • Access to mobile banking
  • Free enrollment on Internet banking
  • Access to MasterCard.

Fees and Charges

  • Monthly management fees of UGX 2,500; USD 3, Euro 3, GBP 3
  • Over the counter withdraw charges – UGX 2,000; USD 2, Euro 2, GBP 2

Requirements:

  • Proper identification i.e. valid ID, passport or driving license
  • Referee –known bank customer (with at least 6 months with housing finance Bank/letter from employer/letter from law firm/LC 1 letter.
  • 2 coloured passport size photos.
  • If a valid national ID, Passport or Driving Permit is used, then a referee is not required.

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