Summit Business Account

Overview

This account offers convenient and flexible banking solutions for affluent non-individual entities.

Benefits

  • Access to the summit lounge.
  • Convenient banking.
  • Personalized service.
  • Dedicated Relationship Manager.
  • One free monthly statement.
  • Free SMS alerts.
  • Competitive interest.
  • Free e-statements
  • In-house cheque book available on request
  • 24-hour salary processing available
  • Access to loan facilities.
  • Affordable account transfers locally and globally.
  • Free deposit booklet

Requirements

Limited Liability Companies

  • A valid National Identification Card for each of the directors, shareholders (holding more than 5% of the company shares), senior management and other persons authorized to transact, control, or manage the company.
  • Certified copy of the certificate of incorporation.
  • Certified copy of the Memorandum and Articles of Association.
  • Certified copy of company forms 20 – Details of directors and the secretary.
  • Certified copy of company forms 18 – Business address.
  • A written application to open an account with Post Bank.
  • Certified copy of the registered board resolution to open an account with Postbank Uganda, indicating account operating mandate/instructions.
  • Copy of the business trading license for the current or previous financial year.
  • Copy of Tax Identification Number (TIN) Certificate.
  • Latest utility bill (Electricity, water, telephone bills etc.).

Note: If bill is in the names of the landlord, a copy of the tenancy agreement or latest receipt of rent payments be provided.

  • Completed account opening form
  • Account opening balance and payment of search fees.

Partnerships

  • A valid National Identification Card for each of the partners.
  • A written application or resolution by the partners to open an account with Post Bank.
  • Certified copy of the certificate of registration of the business name.
  • Certified copy of the registered partnership deed
  • Copy of the business trading license for the current or previous financial year.
  • Copy of Tax Identification Number (TIN) Certificate.
  • Latest utility bill (Electricity, water, telephone bills etc.)

Note: If bill is in the names of the landlord, a copy of the tenancy agreement or latest receipt of rent payments be provided.

  • Completed account opening form
  • Account opening balance and payment of search fees.

Sole Proprietorship

  • A valid National Identification Card for the proprietor.
  • Certified copy of the statement of particulars.
  • Copy of the business trading license for the current or previous financial year.
  • Tax Identification Number (TIN) Certificate copy.
  • Latest utility bill (Electricity, water, telephone bills etc.

Note: If bill is in the names of the landlord, a copy of the tenancy agreement or latest receipt of rent payments be provided. Account opening balance and payment of search fees.

  • Completed account opening form.
  • Account opening balance and payment of search fees.

Non-Governmental Organisations

  • A valid National Identification Card for each of the directors and authorized signatories.
  • A written application from the NGO to open an account with Post Bank.
  • Certified copy of the NGO certificate of registration from the NGO Board/ Ministry of Internal affairs.
  • Certified copy of the Organization’s constitution or the rules and regulations/charter or by-laws certified by the NGO board.
  • Certified resolution to open an account with Post Bank clearly indicating the operating mandate.
  • Latest utility bill (Electricity, water, telephone bills etc.

Note: If bill is in the names of the landlord, a copy of the tenancy agreement or latest receipt of rent payments be provided. Account opening balance and payment of search fees.

  • Completed account opening form.
  • Account opening balance and payment of search fees.

Community Based Organisations (CBO’s)

  • A valid National Identification Card of each of the authorized signatories.
  • A written application from the entity’s chairperson or Secretary to open an account.
  • Copy of the registration certificate.
  • Copy of the by-laws or constitution registered and certified by the registrar of the entity.
  • A certified copy of the resolution to open an account with Post Bank.
  • An introduction letter from the local authorities where the entity is based.
  • Completed account opening form.
  • Account opening balance and payment of search fees.

Features

  • Account Management fee-Ugx. 30,000
  • 10 free withdraws per month.
  • No below minimum balance.
  • Search Fees-Ugx. 80,000
  • Opening Balance-Ugx. 500,000

Key Facts

Branch, ATM, and Agent Locator