Company Accounts

Deposit account designed for checking transactions where deposit funds are drawn on demand as long as there are sufficient funds in the account and the bank is open for business.

Main features: 

Cheque book and ATM CenteCard issued on request
Cheque book of 50 leaves is Ushs30,000, Ushs 60,000 for one with 100 leaves
Minimum monthly ledger fees of only Ushs5,000 and Ushs15,000 for corporate
Account doesn't earn interest
Minimum balance is Ushs10,000 and Ushs300,000 for corporate
Appointment of known agents by the account holder
Regular monthly statements issued

Basic Requirements:: 
  • Registered Resolution by Directors to open a bank account
  • Certified Copy of certificate of Incorporation.
  • Certified copy of Memorandum and Articles of Association.
  • Particulars of Directors certified by the Registrar of Companies (Company
    form 7)
  • Copy of the company trading license.
  • Valid identification documents of account signatories.
  • 2 Passport size photographs each for the account signatories.
  • Opening deposit of UShs.300,000
  • Physical presence of all signatories during opening of account.
  • Company Tax Identification Number (TIN).
  • Physical evidence of office premises e.g. Utility bills, tenancy agreement,
  • Valid identification documents of account signatories.
  • 2 references
Benefits: 
  • Unrestricted cash and cheque deposits and withdrawals.
  • Access to a variety of loan products and overdraft facilities.
  • Access to other bank services like money transfers, CenteMobile, PC banking services.
  • Daily balances and mini-statements available on request.
  • Can be held both in local and foreign currencies.
  • Authority to operate the account can be delegated to third parties and dependants.
  • Account can be jointly operated as a Joint current account.
  • SMS alerts to monitor the transactions done on the account