Real Time Gross Settlement (RTGS)

RTGS is a mechanism for instant remittance of funds between parties with accounts in any bank within Uganda. The Bank handles payment transfers on behalf of its customers for anywhere in Uganda.

Product Features

  • Geographical coverage is wit
  • hin Uganda
  • Account with bank needed
  • Transaction currency can be UShs or any major foreign currency .ie USD, EUR,GBP & KES
  • Funds are transferred instantly in real time

Benefits

  • No cash handling risks
  • Certainty of the transaction
  • Fast transaction
  • No complicated processes

Requirements

  • Filled in RTGS transfer application form(for sending)
  • A current or savings account in the bank (for both sending and receiving)
  • Credit balance on account, adequate for the amount to be transferred (for sending)

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