The ideal current account option for small traders and low-income groups.
Features
- The account attracts a monthly interest of 1% per annum for balances above UGX 25 M.
Benefits
- The account comes with zero monthly administrative charges.
- Mobile app access and internet banking access with CMS iBank view
- Free SMS alerts about account health
- Free mobile banking - transaction account to account
- Free E-statements
Charges
- Initial deposit - zero
- Cheque leaf charge - USD 0.30 - per leaf
- Daily E-statement - free
- Debit card ( only individuals ) one-time cost for three years - UGX 15,000
- FCY cash deposit above USD 5000 - 0.50%
- i-Banking - view facility (transaction- cost of token @ UGX 150,000) - free
- Interest for balance above UGX 25 mn / USD 10,000 - UGX 1% pa, USD .50%
- Minimum balance - zero
- Mobile banking (only individuals) - free
- Monthly charges - USD 5
