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Cente Current Accounts

This deposit account is designed for transactions by cheque, where the customer can draw on demand as long as there are sufficient funds on the account and the bank is open for business. May be operated by individuals as a personal current account and by companies, partnerships, societies, clubs and associations as non-personal account.

Product Features

  • Opening deposit of UShs.100,000 for individuals and UShs.3,000.000 for platinum customers
  • Minimum account balance is UShs.10, 000 for individuals & UShs.300,000 for platinum customers.
  • This account attracts ledger fees
  • Cash withdrawal done by using cheques signed by account owner or appointed agents
  • Cheque book and CenteVisa Card issued on request
  • Regular monthly statements issued to account holder.

Benefits

  • Unrestricted cash and cheque deposits and withdrawals
  • Access to a variety of the bank’s credit products
  • Access to money transfers, CenteMobile and Internet 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
  • Account can be operated as a joint current account
  • Provides instant transaction alerts

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

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