Requirements
The requirements for opening a current account depends on the legal status of the prospective customer, varying as to whether it is an individual, sole proprietor, company, partnership, club, association, cooperative union or society as per details below;
a. Personal:
- Two (2) passport size photos
- Valid identification document including the following:
Valid National Identity Card for Ugandans
Passport for foreigners (Non-Ugandans).
Refugee Identity Card for Refugees.
- A mandatory opening cash deposit of Ushs.100, 000.
- One (1) Referee (who is either a Centenary Bank customer, employer, lawyer/advocate, clergy man, doctor, headmaster or any other acceptable local authority)
b. Sole Proprietors:
- Two (2) passport size photographs
- Valid identification documents (either copy of a national ID card, employer, voters’ card, driving permit or passport)
- Opening cash deposit of Ushs.300, 000
- Certified copy of certificate of registration
- Copy of trading license
- Certified copy of statement of particulars
- Two (2) Referees- anyone who is either a customer of Centenary Bank, lawyer/advocate, clergy man, doctor, headmaster or any other acceptable and reputable personality
c. Companies:
- Two (2) passport size photographs of each of company signatories
- Valid identification documents (either copy of a national ID card, employer, voters’ card, driving permit or passport)
- Opening cash deposit of Ushs.300, 000
- Registered/Certified resolution by the directors to open account.
- Written application letter to open account on a company headed paper
- 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 company trading license
- Tax Identification Number (TIN)
- Physical evidence of office premises e.g. utility bills, tenancy agreement
- Verified account signatories
- One (1) Referee who is either a customer of Centenary Bank, lawyer/advocate, clergyman, doctor, headmaster or any acceptable and reputable personality
d. Cooperative Unions /Societies/Clubs/Associations/NGO:
- Two (2) passport size photographs of each of account signatories
- Valid identification documents (either copy of a national ID card, employer, voters’ card, driving permit or passport)
- Opening cash deposit of Ushs.300, 000
- Certified copy of by-laws or constitution
- Certified copy of certificate of registration issued by the authorized registrar
- Annual General Meeting resolution to open the account with a seal and original signatures
- Written application letter to open up account on a headed paper and signed by the authorized
- Verified account signatories.
- Two (2) Referee who are either Customers of Centenary Bank, lawyer/advocate, clergy man, Doctor, Headmaster or any other acceptable local authority
e. Partnerships:
- Two (2) passport size photographs of each of account signatories
- Valid identification documents (either copy of a national ID card, employer, voters’ card, driving permit or passport)
- Opening cash deposit of Ushs300, 000
- Certified copy of Statement of particulars of partners
- Certified copy of partnership deed
- Certified copy of certificate of registration
- Copy of Trading License
- Written application letter to open up account on a headed paper signed by partners
- Tax Identification Number (TIN)
- Verified account signatories
- One (1) Referee who is Either a Customer of Centenary Bank, Lawyer/Advocate, Clergy man, Doctor, Headmaster or any other acceptable Local Authority
