Cente Current Accounts
Product Features
- Opening deposit of UShs. 100,000 for an individual and UShs. 300.000 for corporate customers.
- Minimum balance is UShs.10,000 for individuals & UShs. 300,000 for Corporate.
- Attracts ledger fees.
- Cash withdrawal by using cheques signed by the owner or appointed agents.
- Cheque book and ATM CenteVISA Debit Card issued on request.
- Regular monthly statements are issued.
Benefits
- Unrestricted cash and cheque deposits and withdrawals.
- Access to a variety of Credit products.
- Access to money transfers, CenteMobile and Online 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.
- Access to instant transaction alerts.
Requirements
The requirements for opening a current account depend 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 detailed below.
Personal:
- Two (2) passport-size photos.
- Valid National Identification Card, Passport with National ID Number.
- Opening cash deposit of UShs. 100,000.
- Sole Proprietors:
- Two (2) passport-size photographs.
- Valid National Identification Card, Passport with National ID Number.
- Opening cash deposit of UShs. 200,000.
- Certified copy of Certificate of Registration.
- Copy of Trading License.
- Certified copy of Statement of Particulars.
- Companies:
- Two (2) passport-size photographs of each of the company signatories.
- Valid National Identification Card, Passport with National ID Number.
- Opening cash deposit of UShs. 300,000.
- Registered/Certified resolution by the Directors to open a/c.
- Written Application letter to open an account on a company's 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 the company Trading License.
- Tax Identification Number (TIN).
- Physical evidence of office premises, e.g. Utility bills, tenancy agreement.
- Verified account signatories.
- Clubs & Associations:
- Two (2) passport-size photographs of each of the account signatories.
- Valid National Identification Card, Passport with National ID Number.
- Opening cash deposit of UShs. 200,000.
- Certified copy of bylaws 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 an account on headed paper and signed by the authorized.
- Verified account signatories.
- Partnerships:
- Two (2) passport-size photographs of each of the account signatories.
- Valid National Identification Card, Passport with National ID Number.
- Opening cash deposit of UShs. 200,000.
- 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 an account on a headed paper signed by partners.
- Tax Identification Number (TIN).
- Verified account signatories.