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