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Society account

Society acount

This account is ideal for Savings & Credit Cooperatives (SACCOs), Investment clubs, Formal & informal groups. It is designed to support your group in turning your dreams into reality through savings and investment

Some of the benefits

Affordable

No monthly management fees

Value

1 Free cash withdrawal a month

Automated

Automated member collections and reconciliations

Support

24-hour support through our Enterprise Direct Centre.
What you get
  • No monthly management fees
  • 1 Free cash withdrawal a month
  • Free Online Banking
  • Tiered interest paid on balances above UGX 10 Million
  • Automated member collections and reconciliations
  • Financial literacy sessions
What it costs
  • No monthly charges
  • Opening deposit starting at UGX 50,000
  • Minimum monthly account balance of UGX 50,000
  • Minimum Breach fee of UGX 10,000
  • View full pricing guide for all rates and fees
What you need
  • Society Constitution
  • Meeting minutes or board resolution authorising to open account
  • Proof of the SACCO/ Investment Club/ Group permanent address
  • Proof of address of Signatories
  • Identification of signatories
  • Two passport photos of the signatories
How to get it
  • Contact our Enterprise Direct centre on 0312226600 or via email on [email protected]
  • Visit a Business Banker at your nearest branch.
  • What you get
  • What it costs
  • What you need
  • How to get it
  • No monthly management fees
  • 1 Free cash withdrawal a month
  • Free Online Banking
  • Tiered interest paid on balances above UGX 10 Million
  • Automated member collections and reconciliations
  • Financial literacy sessions
  • No monthly charges
  • Opening deposit starting at UGX 50,000
  • Minimum monthly account balance of UGX 50,000
  • Minimum Breach fee of UGX 10,000
  • View full pricing guide for all rates and fees
  • Society Constitution
  • Meeting minutes or board resolution authorising to open account
  • Proof of the SACCO/ Investment Club/ Group permanent address
  • Proof of address of Signatories
  • Identification of signatories
  • Two passport photos of the signatories
  • Contact our Enterprise Direct centre on 0312226600 or via email on [email protected]
  • Visit a Business Banker at your nearest branch.
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