Current Account

Overview

Explore endless possibilities with our Current Account. Enjoy convenient baking locally and globally for your business with our Current Account.

Benefits

  • Unlimited cash and cheque deposits and withdrawals
  • Access to a variety of the bank’s credit products
  • Authority to operate the account can be delegated to third parties.
  • Cheque Book.
  • Counter cheque leaves available.
  • 1 free monthly statement.
  • Access to online funds transfers and Internet Banking services.
  • Daily balances and mini-statements available on request

Requirements

PERSONAL AND SALARY CURRENT ACCOUNT

  • Valid National ID
  • Opening balance of UGX 50,000
  • 2 passport size photos
  • Completed account opening form

 

BUSINESS CURRENT ACCOUNT

  • Valid National ID for each of the individual directors, shareholders, senior management OR other persons authorized to transact, control, or manage the company
  •  A certified copy of the certificate of incorporation.
  • A certified copy of the Memorandum and Articles of Association.
  •  A certified copy of company forms 20 – Details of directors and the secretary.
  • A certified copy of company forms 18 – Business address.
  •  A written application from a Board member to open an account with Post Bank.
  • A certified Board resolution to open an account with Postbank Uganda, indicating the account operating mandate/instructions. The resolution should indicate the full names of the individual(s) nominated/appointed as account signatories.
  • A copy of the business trading license for the current or previous financial year.
  • Tax Identification Number (TIN) Certificate copy.
  • Latest utility bill for any of (Electricity, water, telephone bills etc.). If utility bill is in the names of the landlord/lady, a copy of the tenancy agreement or latest receipt of rent payments to the landlord/lady to be provided.
  • Completed account opening form.

Features

  • Available in UGX, USD, GBP, EUR, and KES
  • Opening deposit of either UGX 50,000 or 30 EUR/GBP or 50 USD or 5,000 KES  for Personal Current Account, UGX 20,000 or 30 EURO/GBP or  50 USD OR 5,000 KES for Salary Current Account and UGX 100,000 or 100USD, 60 EUR/GBP or 100 USD or 10,000 KES for Business Current Account.
  • Minimum account balance of UGX 20,000 or 15 EUR/GBP or 25 USD or 2,500 KES  for Personal Current Account, no monthly charges for Salary Current Account and UGX 50,000 or 50USD, 30 EUR/GBP or 100 USD or 5,000 KES for Business Current Account.
  • Monthly account management fees of UGX 3,000 for Personal Current Account and UGX 5,000 for Business Current Account.
  • Cash withdrawal done by using cheques signed by account owner or appointed person.]
  • Cheque book and  UnionPay PostCard issued on request.

 

Key Facts

Branch, ATM, and Agent Locator