Cente Refugee VSLA Group Savings Account
Product Features
- The account is open to all major currencies.
- Account opening balance is UShs. 0 (NIL).
- Minimum balance of UShs. 5,000.
- Account attracts interest.
- No account maintenance fee.
- Permits deposits by way of cash wire, cheque and any acceptable means of deposit.
- SMS transaction alerts.
Benefits
- Free withdrawal over the counter.
- Account earns attractive tiered interest based on account balances, i.e.
- 3% p.a. for Ugx 2M – 300M,
- 4% p.a. for >300M – 500M, and
- 5% p.a. for 500M and above.
- Access to financial literacy and entrepreneurship training opportunities.
- Account credit balance can be pledged as collateral for wholesale credit facilities.
- Access to alternative channels.
- Access to other bank products and services.
Requirements
- Account opening balance is UShs. 0 (NIL).
- 1 most recent passport size photograph.
- Valid identification card i.e. refugee identity card issued by the Office of the Prime Minister or Letter of Attestation.
- Copy of VSLA registration certificate (un-certified) from either Sub-County or District/National level.
- Copy of VSLA constitution (un-certified).
- Copy of minutes and resolution to open account (un-certified).
- Account operating mandate.
- Introduction letter from the District or Refugee Community Development Officer (DCDO/Refugee Welfare Council).