Cente Sacco Current Account
Product Features
- Minimum opening deposit of UShs.200, 000
- Minimum balance of UShs.10, 000
- The account does not attract interest
- Free quarterly statement
- Minimum ledger fee of Ushs.11, 000
- SMS transaction alerts
Benefits
- Financial literacy and entrepreneurship training opportunity
- Account credit balance can be pledged as collateral for wholesale credit facilities
- One free account statement per quarter
Requirements
- Minimum opening deposit - UShs.200, 000
- Two (2) recent passport size photos of Account signatories.
- Valid identification for the Account signatories including the following: Valid National Identity Card for Ugandans, Passport for foreigners (Non-Ugandans), Refugee Identity Card for Refugees.
- Copy of SACCO by- laws
- Copy of the minutes, resolution and signatories with account operating mandate
- Copy of registration issued by the District Commercial Officer or District
- Referee who must be a Centenary Bank account holder, LC1 Chairperson, Registered Advocate, Religious Leader, RDC or CAO or any person of good repute.