Centenary Bank Uganda list of bank accounts, Account opening requirements and charges

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We have three categories of accounts to open at Centenary Bank,SME and Corporate accounts.Each of the account has its benefits.

SME Corporate Accounts

Cente Current Accounts

Product Features

  • Opening deposit of UShs.100,000 for individuals and UShs.3,000.000 for platinum customers
  • Minimum account balance is UShs.10, 000 for individuals & UShs.300,000 for platinum customers.
  • This account attracts ledger fees
  • Cash withdrawal done by using cheques signed by account owner or appointed agents Cheque book and CenteVisa Card issued on request Regular monthly statements issued to account holder.

Benefits

  • Unrestricted cash and cheque deposits and withdrawals
  • Access to a variety of the bank’s credit products
  • Access to money transfers, CenteMobile and Internet Banking services.
  • Daily balances and mini-statements available on request
  • Can be held both in local and foreign currencies
  • Authority to operate the account can be delegated to third parties
  • Account can be operated as a joint current account Provides instant transaction alerts

Requirements

The requirements for opening a current account depends on the legal status of the prospective customer, varying as to whether it is an individual, sole proprietor, company, partnership, club, association, cooperative union or society as per details below;

Personal:

  • Two (2) passport size photos
  • A mandatory opening cash deposit of Ushs.100, 000.
  • One (1) Referee (who is either a Centenary Bank customer, employer, lawyer/advocate, clergy man, doctor, headmaster or any other acceptable local authority)
  • Valid identification document including the following:
    1. Valid National Identity Card for Ugandans
    2. Passport for foreigners (Non-Ugandans).
    3. Refugee Identity Card for Refugees.
  • A mandatory opening cash deposit of Ushs.100, 000.
  • One (1) Referee (who is either a Centenary Bank customer, employer, lawyer/advocate, clergy man, doctor, headmaster or any other acceptable local authority)

Sole Proprietorship:

  • Two (2) passport size photos
  • Valid identification documents (either copy of a national ID card, employer, voters’ card, driving permit or passport)
  • Opening cash deposit of Ushs.300, 000.
  • Certified copy of certificate of registration
  • Copy of trading license
  • Certified copy of statement of particulars
  • Two (2) Referees- anyone who is either a customer of Centenary Bank, lawyer/advocate, clergy man, doctor, headmaster or any other acceptable and reputable personality

Companies

  • Two (2) passport size photos
  • Valid identification document including the following:
    1. Valid National Identity Card for Ugandans
    2. Passport for foreigners (Non-Ugandans).
    3. Refugee Identity Card for Refugees.
  • A mandatory opening cash deposit of Ushs.100, 000.
  • One (1) Referee (who is either a Centenary Bank customer, employer, lawyer/advocate, clergy man, doctor, headmaster or any other acceptable local authority)

Benefits

  • No cash handling risks
  • Instant transactions
  • Can send to or receive from anywhere in Uganda, as long as there is Airtel phone network
  • Customer can deposit his/her mobile money on the bank account

Cente Fixed Deposit Account

Product Features

  • The minimum amount to be fixed is UShs.300, 000; the maximum amount is open.
  • Customers can terminate contracts and still earn interest as long as 80% of the contract has been met
  • No regular fees or charges.
  • The account holder may personally make cash withdrawals before maturity, in which case they forfeit interest.
  • No ATM is issued for this account.
  • No regular account statements are issued.

Benefits

  • Account earns interest at a rate higher than that applied to other savings account
  • Cash from the account can be withdrawn at any time on notice
  • Account can be used as cash collateral/security for loans
  • Renewable on maturity of up to 24 months, with competitive interest rates
  • Option to select interest payment starting with “Monthly” is available
  • Tiered interest rate, which favors larger depositors
  • SMS alerts for transactions done

Requirements

  • Passport size photos.
  • Valid identification documents including the following: Valid National Identity Card for Ugandans, Passport for foreigners (Non-Ugandans), Refugee Identity Card for Refugees.
  • Letter of introduction from either employer or local authorities (if not already a customer of the bank)
  • The amount to be fixed
  • Referee who is an account holder (if not an existing customer of Centenary Bank)

SME Group Accounts

Cente Investment Club Current Account

Product Features

  • Opening cash deposit of Ugx.50,000
  • Minimum balance of Ugx.50,000
  • Account accessible at any branch Issue of electronic account statement months
  • Transaction alerts to selected account managers
  • Attracts ledger fees
  • Issue of cheque book on request
  • Permits cash withdrawal by cheque
  • Permits deposit by way of cash, wire, mobile banking and cheque

Benefits

  • Attractive tiered interest rates.
  • Ability to borrow up to 150% of savings after 6 months of consistent banking
  • Attractive loan interest rates
  • A dedicated relationship officer
  • Free Internal funds transfers through standing orders and direct debits
  • Access to financial literacy training sessions
  • Access to business skills training sessions
  • Opportunity to network among clubs
  • Opportunity to attend bi-annual Investment clubs forums

Requirements

  • Opening cash deposit of Ugx.50,000
  • Copy of Investment Club bye – laws and minutes with a resolution to open the account
  • Copy of the Investment Club registration certificate
  • Copy of valid Identity documents for Account signatories including the following: Valid National Identity Card for Ugandans Passport for foreigners (Non-Ugandans), Refugee Identity Card for Refugees, Two (2) recent Passport photos for the Account signatories
  • Signatories mandate

Cente Sacco Current Account

Product Features

  • Minimum opening deposit of UShs.200, 000
  • Minimum balance of UShs.10, 000
  • The account does not attract interest
  • Free quarterly statement
  • Minimum ledger fee of Ushs.11, 000
  • SMS transaction alerts

Benefits

  • Financial literacy and entrepreneurship training opportunity
  • Account credit balance can be pledged as collateral for wholesale credit facilities
  • One free account statement per quarter

Requirements

  • Minimum opening deposit – UShs.200, 000
  • Two (2) recent passport size photos of Account signatories.
  • Valid identification for the Account signatories including the following: Valid National Identity Card for Ugandans, Passport for foreigners (Non-Ugandans), Refugee Identity Card for Refugees.
  • Copy of SACCO by- laws
  • Copy of the minutes, resolution and signatories with account operating mandate
  • Copy of registration issued by the District Commercial Officer or District
  • Referee who must be a Centenary Bank account holder, LC1 Chairperson, Registered Advocate, Religious Leader, RDC or CAO or any person of good repute.

Cente VSLA Savings Account

Product Features

  • Denominated in Uganda Shillings (UGX)
  • Account opening cash deposit is Zero
  • Minimum balance required UGX. 5,000
  • Account attracts interest
  • No Account maintenance fee
  • Statement of account issued monthly
  • Permits deposit by way of cash, wire, cheque and any acceptable means
  • SMS transaction alerts

Benefits

  • Account earns attractive interest
  • One free account statement per quarter
  • Account can be liquidated any time on notice
  • Access to Financial Literacy and entrepreneurship training opportunity
  • Account credit balance can be pledged as collateral for wholesale credit facilities
  • Access to POS service
  • Access to SMS-Banking service
  • Access to CenteMobile Banking service
  • Access to PC Banking
  • Cheque collection and clearing service
  • Accounts opening is done from the field/community level

Requirements

  • Minimum account opening cash deposit is Zero
  • Two (2) most recent passport size photos of account signatories
  • Valid National Identification Card
  • Copy of VSLA registration certificate either from Sub-county, District or National level
  • Copy of VSLA Constitution
  • Copy of minutes and resolution to open account
  • Account operating mandate Certificate of registration from District Community Development office
  • Introduction letter from District Community Development Officer (DCDO)

SME Corporate Accounts

Cente Current Accounts

Product Features

  • Opening deposit of UShs.100,000 for individuals and UShs.3,000.000 for platinum customers
  • Minimum account balance is UShs.10, 000 for individuals & UShs.300,000 for platinum customers.
  • This account attracts ledger fees
  • Cash withdrawal done by using cheques signed by account owner or appointed agents Cheque book and CenteVisa Card issued on request Regular monthly statements issued to account holder.

Benefits

  • Unrestricted cash and cheque deposits and withdrawals
  • Access to a variety of the bank’s credit products
  • Access to money transfers, CenteMobile and Internet Banking services.
  • Daily balances and mini-statements available on request
  • Can be held both in local and foreign currencies
  • Authority to operate the account can be delegated to third parties
  • Account can be operated as a joint current account Provides instant transaction alerts

Requirements

The requirements for opening a current account depends on the legal status of the prospective customer, varying as to whether it is an individual, sole proprietor, company, partnership, club, association, cooperative union or society as per details below;

Personal:

  • Two (2) passport size photos
  • A mandatory opening cash deposit of Ushs.100, 000.
  • One (1) Referee (who is either a Centenary Bank customer, employer, lawyer/advocate, clergy man, doctor, headmaster or any other acceptable local authority)
  • Valid identification document including the following:
    1. Valid National Identity Card for Ugandans
    2. Passport for foreigners (Non-Ugandans).
    3. Refugee Identity Card for Refugees.
  • A mandatory opening cash deposit of Ushs.100, 000.
  • One (1) Referee (who is either a Centenary Bank customer, employer, lawyer/advocate, clergy man, doctor, headmaster or any other acceptable local authority)

Sole Proprietorship:

  • Two (2) passport size photos
  • Valid identification documents (either copy of a national ID card, employer, voters’ card, driving permit or passport)
  • Opening cash deposit of Ushs.300, 000.
  • Certified copy of certificate of registration
  • Copy of trading license
  • Certified copy of statement of particulars
  • Two (2) Referees- anyone who is either a customer of Centenary Bank, lawyer/advocate, clergy man, doctor, headmaster or any other acceptable and reputable personality

Companies

  • Two (2) passport size photos
  • Valid identification document including the following:
    1. Valid National Identity Card for Ugandans
    2. Passport for foreigners (Non-Ugandans).
    3. Refugee Identity Card for Refugees.
  • A mandatory opening cash deposit of Ushs.100, 000.
  • One (1) Referee (who is either a Centenary Bank customer, employer, lawyer/advocate, clergy man, doctor, headmaster or any other acceptable local authority)

Benefits

  • No cash handling risks
  • Instant transactions
  • Can send to or receive from anywhere in Uganda, as long as there is Airtel phone network
  • Customer can deposit his/her mobile money on the bank account

Cente Fixed Deposit Account

Product Features

  • The minimum amount to be fixed is UShs.300, 000; the maximum amount is open.
  • Customers can terminate contracts and still earn interest as long as 80% of the contract has been met
  • No regular fees or charges.
  • The account holder may personally make cash withdrawals before maturity, in which case they forfeit interest.
  • No ATM is issued for this account.
  • No regular account statements are issued.

Benefits

  • Account earns interest at a rate higher than that applied to other savings account
  • Cash from the account can be withdrawn at any time on notice
  • Account can be used as cash collateral/security for loans
  • Renewable on maturity of up to 24 months, with competitive interest rates
  • Option to select interest payment starting with “Monthly” is available
  • Tiered interest rate, which favors larger depositors
  • SMS alerts for transactions done

Requirements

  • Passport size photos.
  • Valid identification documents including the following: Valid National Identity Card for Ugandans, Passport for foreigners (Non-Ugandans), Refugee Identity Card for Refugees.
  • Letter of introduction from either employer or local authorities (if not already a customer of the bank)
  • The amount to be fixed
  • Referee who is an account holder (if not an existing customer of Centenary Bank)

SME Group Accounts

Cente Investment Club Current Account

Product Features

  • Opening cash deposit of Ugx.50,000
  • Minimum balance of Ugx.50,000
  • Account accessible at any branch Issue of electronic account statement months
  • Transaction alerts to selected account managers
  • Attracts ledger fees
  • Issue of cheque book on request
  • Permits cash withdrawal by cheque
  • Permits deposit by way of cash, wire, mobile banking and cheque

Benefits

  • Attractive tiered interest rates.
  • Ability to borrow up to 150% of savings after 6 months of consistent banking
  • Attractive loan interest rates
  • A dedicated relationship officer
  • Free Internal funds transfers through standing orders and direct debits
  • Access to financial literacy training sessions
  • Access to business skills training sessions
  • Opportunity to network among clubs
  • Opportunity to attend bi-annual Investment clubs forums

Requirements

  • Opening cash deposit of Ugx.50,000
  • Copy of Investment Club bye – laws and minutes with a resolution to open the account
  • Copy of the Investment Club registration certificate
  • Copy of valid Identity documents for Account signatories including the following: Valid National Identity Card for Ugandans Passport for foreigners (Non-Ugandans), Refugee Identity Card for Refugees, Two (2) recent Passport photos for the Account signatories
  • Signatories mandate

Cente Sacco Current Account

Product Features

  • Minimum opening deposit of UShs.200, 000
  • Minimum balance of UShs.10, 000
  • The account does not attract interest
  • Free quarterly statement
  • Minimum ledger fee of Ushs.11, 000
  • SMS transaction alerts

Benefits

  • Financial literacy and entrepreneurship training opportunity
  • Account credit balance can be pledged as collateral for wholesale credit facilities
  • One free account statement per quarter

Requirements

  • Minimum opening deposit – UShs.200, 000
  • Two (2) recent passport size photos of Account signatories.
  • Valid identification for the Account signatories including the following: Valid National Identity Card for Ugandans, Passport for foreigners (Non-Ugandans), Refugee Identity Card for Refugees.
  • Copy of SACCO by- laws
  • Copy of the minutes, resolution and signatories with account operating mandate
  • Copy of registration issued by the District Commercial Officer or District
  • Referee who must be a Centenary Bank account holder, LC1 Chairperson, Registered Advocate, Religious Leader, RDC or CAO or any person of good repute.

Cente VSLA Savings Account

Product Features

  • Denominated in Uganda Shillings (UGX)
  • Account opening cash deposit is Zero
  • Minimum balance required UGX. 5,000
  • Account attracts interest
  • No Account maintenance fee
  • Statement of account issued monthly
  • Permits deposit by way of cash, wire, cheque and any acceptable means
  • SMS transaction alerts

Benefits

  • Account earns attractive interest
  • One free account statement per quarter
  • Account can be liquidated any time on notice
  • Access to Financial Literacy and entrepreneurship training opportunity
  • Account credit balance can be pledged as collateral for wholesale credit facilities
  • Access to POS service
  • Access to SMS-Banking service
  • Access to CenteMobile Banking service
  • Access to PC Banking
  • Cheque collection and clearing service
  • Accounts opening is done from the field/community level

Requirements

  • Minimum account opening cash deposit is Zero
  • Two (2) most recent passport size photos of account signatories
  • Valid National Identification Card
  • Copy of VSLA registration certificate either from Sub-county, District or National level
  • Copy of VSLA Constitution
  • Copy of minutes and resolution to open account
  • Account operating mandate Certificate of registration from District Community Development office
  • Introduction letter from District Community Development Officer (DCDO)

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