Foreign Currency Account
A current account denominated in foreign currencies, i.e. US Dollars, British Pounds and Euros. It can be opened by individuals as a Personal FCY Account or by companies as a Corporate FCY Account.
Main features
- Transactions in both foreign and local currencies
- Initial deposit or opening balance of USD 100 for individuals and USD 300 for corporates, or the equivalent
- Monthly ledger fees: USD 5, GBP 4, EUR 5
- The account does not earn interest
- Comes with a personalised cheque book
- Free cash deposits for individuals and 1% for companies (negotiable)
Benefits
- Unrestricted cash and cheque deposits
- Cash withdrawals in both local and foreign currency
- Access to a variety of loan products
- Cash deposit books issued on request
- Easy payments through cheques
Basic requirements
Personal
- 2 passport sized photographs
- Valid identification, e.g. Driving Permit, Passport, NSSF Card, Voter’s Card, Financial Card (CRB)
- Reference from a known bank customer
Company
- 2 passport sized photographs
- Valid identification, e.g. Driving Permit, Passport, NSSF Card, Voter’s Card, Financial Card (CRB)
- Reference from a known bank customer
- Initial deposit of USD 500 or its equivalent
- Local currency account and recommendation from the branch manager
- All other requirements of the UGX Current Account
Need more help?
Contact Orient Bank by phone or email, or visit any of our branches.