Foreign Currency Bank Drafts

Current Account denominated in foreign currencies i.e. US Dollars, British Pound and Euros. It can be opened by both individuals as Personal FCY Account or companies as Corporate FCY Accounts

Main Features

• Initial deposit or opening balance of USD 100 for individuals and 300 USD for Corporate or equivalent
• Monthly ledger fees USD 5,GBP 4, Euro 5
• Account does not earn interest.
• Comes with a personalized  Cheque book
• Free cash deposit for individuals and 1% for companies(negotiable)

Basic Requirements

Personal

• 2 passport sized photographs
• Valid identification  e.g. Driving permits, Passport, NSSF Card, Voters Card, Financial Card (CRB)
• Reference from known bank customer

Company

• 2 passport sized photographs
• Valid identification  e.g. Driving permits, Passport, NSSF Card, Voters Card, Financial Card (CRB)
• Reference from known bank customer
• Initial deposit of US Dollars 500 or its equivalent
• Local currency account and recommendation from branch manager.
• Plus all other requirements- See Ugx Current Account

Benefit

• Unrestricted cash and cheque deposits
• Cash withdrawals both in local and foreign currency
• Access to a variety of loan products
• Cash deposit books issued on request.
• Easy payments through cheques