Below is a list of accounts to open at Centenary Bank Uganda, features and charges:
Saving Accounts
Cente Ordinary Savings Account
Product Features
- Opening deposit of UShs10, 000 for individuals and UShs.3,000,000 for platinum customers
- Minimum balance of UShs.5,000 for individuals & Ushs.300,000 for platinum customers
- Monthly account management fee of UShs.3,000.
- Cash withdrawals from the account by only account holders; no third parties are allowed to make cash withdrawals from the account.
- CenteVisa ATM Card issued to account holder
- Daily balances and mini-statements are available on request
Benefits
- This account earns interest on outstanding credit balances.
- Allows unrestricted cash and cheque deposits.
- Provides 24-hour services to CenteVisa Card holders and CenteMobile users.
- Unrestricted cash withdrawals subject to the minimum balance.
- Access to a variety of other bank products such as Internet Banking and loans.
- Joint savings accounts are allowed
- SMS alerts for transactions to help the account holder monitor usage.
Requirements
- Two (2) most recent passport size photos of the account signatories
- Valid identification document including the following: Valid National Identity Card for Ugandans Passport for foreigners (Non-Ugandans). Refugee Identity Card for Refugees.
- Opening cash deposit of only Ushs10, 000 for individuals and UShs.3,000,000 for platinum customers
- One (1) Referee (who is either a Centenary Bank customer, employer, lawyer/advocate, clergyman, doctor, headmaster or any other acceptable local authority
Cente Junior Account
Product Features
- Opening deposit of UShs20, 000
- Minimum balance of UShs20, 000
- No ledger fees, maintenance fees or monthly charges
- Withdrawal done over the counter by the parent or guardian
- No ATM card issued
- SMS alerts for transactions
Benefits
- Attractive tiered interest rates of up to 4% per annum
- One free withdrawal once every quarter.
- No ledger fees, maintenance fees, or any other monthly charges
- Free account statements
- Free and automatic enrolment on CenteMobile services
- Free and unlimited number of internal standing orders for credit of account
- Free school fees bank drafts
- Parent/Guardian can access the Centenary Bank
- Cente Education Loan of up to 150% of the credit balance on account
- Life assurance policy cover for up to 30 million the parent or guardian, for accounts with a minimum credit balance of UGX 200,000 covering permanent disablement caused by accident, death plus funeral expenses. Upon the death of the named beneficiary, the sponsor shall be paid UGX 500,000 if the account balance at the time of the event is UGX 200,000 and above.
- In case of permanent total disability of the named beneficiary, the sponsor shall be paid UGX 500,000, if the account balance at the time of the event is UGX 200,000 and above.
- A hospital cash benefit to the account holder/sponsor of UGX 20,000 is payable per night of hospitalization, as a result of an accident. The benefit shall be paid only if the victim has been hospitalized for more than 3 nights and but not exceeding 10 nights.
Requirements
- Initial cash deposit of UShs20, 000
- Two (2) recent passport size photos for the child
- Two (2) recent passport size photos for the parent/guardian.
- Valid identification documents for the parent/guardian of the child including the following:
- Valid National Identity Card for Ugandans
- Passport for foreigners (Non-Ugandans).
- Refugee Identity Card for Refugees.
- Referral by a Centenary Bank customer or any reputable person in society
- Either a birth certificate, immunization card or baptism card for the child.
Cente Volution Account
Product Features
- Opening deposit amount of UShs. 5,000
- Minimum balance at Ushs.5,000
- Denominated in Uganda shillings
- Account attracts interest
- No monthly maintenance fees
- Account accessible at any branch
- Issue of account statement
- Transaction alerts
- Permits deposit by way of cash, wire, cheque and any acceptable means of deposit
- Account can be closed in the event of request by the account holder
- Access to ATM service and a free conspicuous ATM Card
- Access to CenteMobile financial and lifestyle services
- Access to POS service
- Access to ATMs of other Financial Institutions under InterSwitch
- Access to student loans (Terms and conditions apply)
- Access to NFC(near field communications) transaction facilities
Benefits
- Attractive interest
- Instant transaction alerts
- No account maintenance fee
- Cash withdrawal and deposit at Mobile Money Agents
- Free Bank drafts for school fees payment
- Free account statement issued once a quarter
Requirements
- Minimum account opening cash deposit of UShs.5,000
- Two (2) most recent passport size photos of the applicant
- Valid National Identification Card
- Introductory letter from School Head/ Dean / Hall Warden / Students Guild
Cente Supawoman Account
Product Features
- Opening balance of UShs.50, 000
- Minimum balance of UShs.50, 000
- SMS transaction alerts
- Attracts monthly account maintenance fee
- Permits cash withdrawal
- Permits deposit by way of cash, wire, cheque and CenteMobile
Benefits
- Attractive interest rate of 2% paid monthly
- Business linkage support
- A dedicated relationship officer
- Free quarterly account statements
- Access to financial literacy training
- Access to business skills training
- Networking opportunities
- Access to CenteMobile Banking
- Access to Individual life & medical Insurance at discounted premium rates
- Special till for supawomen in the bank.
- Bank links supawomen to markets for their products
- Supawomen are given loans up to 5 million without collateral.
- Access to life and medical insurance at discounted premium rates.
Requirements
- Minimum opening balance Ushs.50, 000
- A copy of a valid Identification document of the account holder including the following: Valid National Identity Card for Ugandans, Passport for foreigners (Non-Ugandans), Refugee Identity Card for Refugees, Two (2) recent passport size photos for the account holder
CenteXpress Account
Product Features
- Denominated in Uganda Shillings.
- Opening balance of UGX 3,000.
- Minimum balance UGX 2,000.
- Maximum amount per transaction is UGX 500,000.
- Daily withdrawal limit of UGX 2,000,000 across all channels.
- Interest of 3% per annum, payable on minimum balances maintained on the account to be paid quarterly.
- No monthly Ledger fees.
- No ATM card issued.
- Permits deposits by way of cash, digital transfer, cheques and any acceptable means of deposit.
Benefits
- Convenient – No need to go to the branch to open the account.
- Very affordable account to open and operate.
- Account earns interest on outstanding credit balance.
- No ledger fees, maintenance fees or other monthly charges.
- Free and automatic enrolment on CenteMobile and Agent banking.
- Instant alerts for transactions.
- No paperwork required during the account opening process
Requirements
- Possess a Valid & original National ID.
- Possess an active SIM card registered in the holder’s name.
- Possess a mobile phone.
How To Open A Centexpress Account Using The Centemobile App:
- Existing customer receives a request to open CenteXpress account from a client.
- Existing customer validates mobile number registration status of prospecting client using *197# for MTN or *216# for Airtel.
- Existing customer confirms that the client has the required account opening deposit which is UGX 3,000
- Existing customer logs into the CenteMobile App.
- Select CenteXpress Account Opening on the menu.
- Existing customer then starts capturing KYC in digital form using the steps below.
Smart Life Account
Product Features
- Opening balance Ushs.20,000
- Minimum balance UShs.10,000
- Account accessible at any branch or any alternative channel.
- Transaction alerts
- Does NOT Attract monthly account maintenance fee
- Permits deposit/credit by way of cash, wire, mobile banking, cheque and any acceptable means of deposit.
- The account will be operated in local currency (Uganda shillings)
Benefits
- Very attractive interest rates
- No monthly account management fees
- Instant transaction alerts
- Access to a free VISA debit card
- Access to banking services through all Alternative channels
Requirements
- Fully filled account opening forms
- Copy of valid Identity Card
- One (1) recent Passport photos Account opening balance
Cente Diaspora Account
Product Features
- Two (2) recent passport-size photos (colored) of the applicant(s).
- Copy of the National ID required.
- One (1) Referral either by a Centenary Bank customer or foreign lawyer or Attorney or an officer at Uganda’s consular or diplomatic foreign mission or the bank’s appointed agent/representative.
Benefits
- No ledger fees/Account maintenance fee
- No over The Counter (OTC) charge
- A devoted Relationship manager
- Attractive Interest rates
- Safe & secure investment option
- Interest paid on quarterly basis on credit balances above the opening balance
- The account in Ugx earns tiered interest of 3-5% p.a or 0.025% for Euro, GBP & USD.
- Free online statement as per preferred frequency i.e. monthly, quarterly, bi-annual or annual (sent via individual email address)
- Deposits can be done through regulated money transfer companies, TT’s and foreign currency cheques.
- Withdraws are made using CenteMobile, Visa enabled ATM, and other bank’s appointed financial services providers/Agents
- All transactions are communicated through mobile phone transactional alerts and email alerts
Requirements
- Denominated in UGX, USD, GBP and EURO
- No opening balance
- Minimum balance of USD 200, GBP 100, Euro 100 and 10,000 for UGX
- Interest paid on quarterly basis on credit balances above the minimum balance.
- Account accessible at any Centenary Bank branch in Uganda, via the CenteMobile, VISA and internet banking.
- Online Statement of account issued quarterly (sent via individual email address)
- Deposits done through authorized money transfer companies, TT’s and foreign currency cheques or by the bank’s appointed financial services providers/ Agents.
- Withdraws made using CenteMobile, Visa enabled ATMs, and other bank’s appointed financial services providers/Agents in addition to visiting the banking halls
- All transactions will be communicated through mobile phone transaction and email alerts.
Cente Refugee Individual Savings Account
Product Features
- The account is open to all major currencies.
- Account opening balance is UShs. 0 (NIL).
- Minimum account balance of UShs. 10,000.
- Account attracts interest.
- No account maintenance fee.
- Permits deposits by way of cash wire, cheque and any acceptable means of deposit.
- Card services are available.
Benefits
- Account earns attractive interest of 3% p.a.
- Funds in the account can be accessed anytime and at any branch.
- Access to financial literacy and entrepreneurship training opportunities.
- Access to alternative channels, i.e. internet banking.
- SMS transaction alerts.
- Negotiable forex rates.
- A dedicated Relationship Manager.
- Access to other bank products and services, such as money remittance services, such as Western Union, MoneyGram, and World Remit.
Requirements
- Account opening balance is UShs. 0 (NIL).
- 1 most recent passport-size photograph.
- Valid identification card, i.e. refugee identity card issued by the Office of the Prime Minister, or Letter of Attestation.
SAGE Account
Product Features
- Opening balance zero.
- Minimum balance zero.
- Account accessible at any branch, Agent, CenteMobile & ATM.
- Transaction alerts.
- Does NOT attract monthly account maintenance fee.
- Permits cash withdrawal by completing a withdrawal voucher.
- Permits deposit/credit by way of cash, wire, mobile banking, cheque, and any acceptable means of deposit.
- The account will be operated in local currency (Uganda shillings only).
Benefits
- Attractive interest.
- No Account opening fees.
- No monthly Account management fees.
- Instant transaction alerts.
- Online banking, Mobile banking, VISA debit card etc.
- Access to all Visa-enabled ATMs and POS.
- Access to banking services through agent network.
Requirements
- Filled out account opening forms.
- Valid National Identification Card.
- Two (2) recent Passport photos.
CenteSmart Life Account for Armed Forces
Product Features
- Account opening balance UShs. 0 (Zero).
- Minimum balance is UShs. 10,000.
- Account accessible at any branch, and all alternative channels.
- No monthly management fees.
- Permits deposits / credit by way of cash, wire, mobile banking, cheque, and any acceptable means of deposit.
- The account will be operated in local currency Uganda shillings and foreign currency USD, EUR, GBP.
Benefits
- No (Zero) account opening balance.
- No monthly fees.
- Access to salary loans and the instant CenteMobile loans.
- Instant transaction alerts on all transactions.
- Attractive interest 3% p.a. for the saving account holders.
- Free access to all alternative channels.
- Embedded Insurance cover (Death, Disability, Retrenchment, and Funeral).
Requirements
- Filled out account opening forms.
- A valid copy of your national ID or passport with NIN is required.
- The Identification Number.
- A recent passport photo.
CenteSmart Life Account for Public Service
Product Features
- Account opening balance 0 (Zero)
- Minimum balance is UShs. 10,000.
- The account is accessible at any branch and all alternative channels.
- Free first account statement.
- No monthly management fees.
- Permits deposits/credit through cash, wire, mobile banking, cheque, and any other acceptable deposit means.
- The account will be operated in local Uganda Shillings and foreign currencies, such as USD, EUR, and GBP.
Benefits
- No (zero) account opening balance.
- No account monthly maintenance fees.
- Access to salary loans and the instant CenteMobile loans.
- Instant transaction alerts on all transactions.
- Attractive interest of 3% p.a. for the savings account holders.
- Free access to all alternative channels.
- Embedded Insurance cover (Death, Disability, Retrenchment, and Funeral).
Requirements
- Filled out account opening forms.
- Valid copy of National ID or passport with NIN
- A recent Passport Photo.
Investment Accounts
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)
Cente Plus Account
Product Features
- Opening deposit of UShs 50,000
- Minimum balance is UShs 50,000
- No regular account maintenance fees
- Customer free to fully withdraw on reaching the agreed amount on account
- Option for a withdrawal of half the amount on account once during the savings contract period
- No ATM card issued
- Monthly commitment for standing orders or cash deposits into the account can be arranged
- Instant transaction alerts for transactions
Benefits
- Attractive interest rate
- Helps the customer to finance productive assets or investment through savings entirely or alongside some borrowing
- Customer can get a loan equivalent to 100% of the amount on account to pay for the desired asset/investment
- Interest paid on monthly basis
- Account can be pledged as collateral for loans
- Account balance can be topped up through making cumulative deposits regularly
- Access to a variety of bank products like CenteMobile and PC banking
- Permits deposit by way of cash, wire, cheques and any acceptable means of deposit
- One free account statement issued monthly on request
Requirements
- Two (2) passport size photos
- Valid National Identification Card
- Opening cash deposit of Ushs 50,000.
- One (1) Referee (who is Either a Centenary Bank customer, Employer, Lawyer/Advocate, Clergy man, Doctor, Headmaster or any other acceptable Local Authority)
CenteForeign Fixed Deposit Account
Product Features
- Deposit in foreign currency fixed for a specified period i.e., 3 months, 6 months, 9 months, 12 months, or 24 months.
- The minimum amount to be fixed is USD 10,000 or equivalent, such as GBP, EURO, or KES; there is no maximum.
- No regular fees or charges.
- Cash withdrawal may be personally made to the account by the holder before maturity.
- No ATM issued.
- No regular account statements provided.
Benefits
- The account earns interest depending on the amount and period.
- The account can be liquidated at any time upon notice.
- Funds on account can be pledged as collateral for bank loans.
- Renewable on maturity, to earn further interest.
- Accrued interest is paid every month.
- Flexible withdrawals: Customers can now terminate contracts and still earn interest as long as 80% of the contract period has been met.
Requirements
- Passport size photos
- Valid Nation Identification Card, Passport with National ID Number.
- The amount to be deposited
- Need to hold an account with Centenary Bank.
Current 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
- 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
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:
- Valid National Identity Card for Ugandans
- Passport for foreigners (Non-Ugandans).
- 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:
- Valid National Identity Card for Ugandans
- Passport for foreigners (Non-Ugandans).
- 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)
SME Accounts
SME Group Accounts
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)
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)
Cente Refugee VSLA Group Savings Account
Product Features
- The account is open to all major currencies.
- Account opening balance is UShs. 0 (NIL).
- Minimum balance of UShs. 5,000.
- Account attracts interest.
- No account maintenance fee.
- Permits deposits by way of cash wire, cheque and any acceptable means of deposit.
- SMS transaction alerts.
Benefits
- Free withdrawal over the counter.
- Account earns attractive tiered interest based on account balances, i.e.
- 3% p.a. for Ugx 2M – 300M,
- 4% p.a. for >300M – 500M, and
- 5% p.a. for 500M and above.
- Access to financial literacy and entrepreneurship training opportunities.
- Account credit balance can be pledged as collateral for wholesale credit facilities.
- Access to alternative channels.
- Access to other bank products and services.
Requirements
- Account opening balance is UShs. 0 (NIL).
- 1 most recent passport size photograph.
- Valid identification card i.e. refugee identity card issued by the Office of the Prime Minister or Letter of Attestation.
- Copy of VSLA registration certificate (un-certified) from either Sub-County or District/National level.
- Copy of VSLA constitution (un-certified).
- Copy of minutes and resolution to open account (un-certified).
- Account operating mandate.
- Introduction letter from the District or Refugee Community Development Officer (DCDO/Refugee Welfare Council).
CenteSACCO Savings Account
Product Features
- The account is denominated in Uganda Shillings (UGX).
- No cash deposit required to open the account.
- Minimum balance of 10,000.
- Tiered interest on account balances.
- Standing order at 3,000.
- Loan interest at 13% p.a.
- Permits cash withdrawals through withdrawal vouchers & CenteSwift. Withdrawal charges vary based on the amount withdrawn:
– For withdrawals < UShs. 50M, a charge of UShs. 6,000 applies
– For withdrawals between UShs. 50M and UShs. 200M, the charge is UShs. 10,000,
– For withdrawals above UShs. 200M, the charge is UShs. 20,000.
- Accessible at any branch.
- 1 free statement of account issued quarterly, and on request.
- Accepts deposits via cash, wire, cheques, and other acceptable means, i.e. Mobile Money.
Benefits
- Free charge account with no monthly ledger fees.
- Free quarterly bank statements.
- Attractive tiered interest rates on deposits:
– 2% p.a. (100M – 300M)
– 3% p.a. (300M – 500M)
– 4% p.a. (500M – 800M)
– 5% p.a. (above 800M)
- Free financial literacy training and mentorship.
- Convenient 24/7 banking with CenteLinkApp.
- Offers protective insurance policies covering principal members, spouses, and children at lower premium rates: Insurance packages range between UShs. 36,000 and UShs. 108,000 as funeral cash to cover death, accidents, and critical sickness. For example, the member receives UShs. 10M, the member’s spouse receives UShs. 5M, and the member’s four (4) children receive UShs. 1.2M each. Credit insurance policy to cover members’ loans at 1% by CIC.
- Cash-in-Transit (C.I.T) serves offered at the SACCO’s expense.
Requirements
To open a SACCO Savings account, the following are required:
- No opening cash deposit.
- Copy SACCO by-laws (uncertified).
- Copy of SACCO registration certificate from the Ministry of Co-operatives (uncertified).
- Valid National ID for account signatories.
- Two passport-size photographs of account signatories.
- Copy of minutes and resolution/minutes/attendance list to open the account (uncertified).
- Recommendation letter from the District Commercial Office (DCO).
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:
- Valid National Identity Card for Ugandans
- Passport for foreigners (Non-Ugandans).
- 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:
- Valid National Identity Card for Ugandans
- Passport for foreigners (Non-Ugandans).
- 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)
CenteNGO Account (Current & Savings)
Product Features
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Benefits
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Requirements
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- A written application letter is needed to open an account on headed paper and signed by the authorized signatories.
Corporate Accounts
CenteNGO Account (Current & Savings)
Product Features
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Benefits
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Requirements
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- A written application letter is needed to open an account on headed paper and signed by the authorized signatories.
