Requirements For Opening A Company Bank Account In Uganda

Requirements For Opening A Company Bank Account In Uganda

A business bank account is a bank account that’s used only for business transactions rather than personal finances. It can be opened in the name of the business, allowing payments to be made and received using the business’s name. Business bank accounts operate in a similar manner to personal bank accounts.

Requirements For Opening A Company Bank Account In Uganda

Business Current Account

Get your business going with this simple, convenient business bank account that caters for all your day-to-day transactions.

Free cash/cheque deposits

Free cash/cheque withdrawals

Free monthly statements

Access to a relationship manager 

Access to cash management and trade finance

Access to asset finance products

Business Daily Interest Account

Enjoy effective day-to-day banking services and earn interest on your daily deposits
 Free counter transactions

Free deposits

A Visa debit card, which is accepted worldwide

Access to 39 branches and 69 ATMs countrywide

A dedicated relationship manager

Access to trade finance, cash management and commercial asset finance products 

Amuzu Account

Minimum operating balance of UGX1,000,000

Free counter cash transactions

Tiered monthly interest on your deposits

Access to cash management and trade finance

Access to asset finance product

Ledger and other fees apply if your account is UGX1,000,000 or less 

It is only available to NGOs, charities, church bodies, clubs, societies and associations and other community organisations

Business Access Account

Income replacement cover *

One free monthly eStatement

A Business Debit Card (current debit card tariff applies)**

Access to chequebook facility (current tariff applies)

Easy transacting at our agent banking locations

CashSend – send cash to anyone from an Absa ATM or from your phone, even without data

Minimum opening balance of UGX100,000

Counter cash withdrawal fee of 0,25% applies (minimum UGX7,475 maximum UGX34,500)
*Up to UGX1,200,000 annually in case of hospitalisation for nominated key controller
*Daily ATM cash withdrawal limit of UXG5,000,00

Are you interested in a business current account? 

Fill out the form below and we will contact you to get startedProduct Select product Business Current Account Business Daily Interest Account Awamu Account Business Access Account Name *Phone number *Email address *Any additional information you would like to addRegion * Select region  EastKampalaKampala CentralKampala MetropolitanNorthPremierPrestigeWest Select town  Select branch Existing customer