Home ยป Current Account

Sole Proprietors

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. It can be operated by individuals as a personal current account and by Companies, Partnerships, Societies, Clubs and Associations as non-personal account

Main features: 
  • 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, SMS and 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.
Basic Requirements:: 
  • Certified Copy of certificate of registration.
  • Copy of trading license.
  • Certified copy of Statement of particulars.
  • 2 referees who are already customers of the bank.
  • Valid identification documents of the Sole proprietor.
  • Opening cash deposit of UShs. 200,000/=
  • 2 Passport size photographs of the account signatory.
  • L.C Letter of introduction.