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Cente Investment Club Current Account

A special current account targeted at investment clubs for members that desire to save and invest to either generate income or acquire assets with the aim of improving their level of income and livelihoods and prefer a checking account

Product Features

  • Opening cash deposit of Ugx.50,000
  • Minimum balance of Ugx.50,000
  • Account accessible at any branch
  • Issue of electronic account statement months
  • Transaction alerts to selected account managers
  • Attracts ledger fees
  • Issue of cheque book on request
  • Permits cash withdrawal by cheque
  • Permits deposit by way of cash, wire, mobile banking and cheque

Benefits

  • Attractive tiered interest rates.
  • Ability to borrow up to 150% of savings after 6 months of consistent banking
  • Attractive loan interest rates
  • A dedicated relationship officer
  • Free Internal funds transfers through standing orders and direct debits
  • Access to financial literacy training sessions
  • Access to business skills training sessions
  • Opportunity to network among clubs
  • Opportunity to attend bi-annual Investment clubs forums

Requirements

  • Opening cash deposit of Ugx.50,000
  • Copy of Investment Club bye – laws and minutes with a resolution to open the account
  • Copy of the Investment Club registration certificate
  • Copy of valid Identity documents for Account signatories including the following:
    Valid National Identity Card for Ugandans
    Passport for foreigners (Non-Ugandans).
    Refugee Identity Card for Refugees.
  • Two (2) recent Passport photos for the Account signatories
  • Signatories mandate

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