Business Current Account

A business bank account that comes with added benefits.

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Business Daily Interest Account 

With this account, you earn interest on daily deposits.

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Awamu Account

This account is best suited for community organisations.

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Business Access Account

Get an affordable account that’s just right for your business.

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Let us contact you

Business Current Account

  • What you get

    Get your business going with this simple, convenient business bank account that caters for all your day-to-day transactions.
     
    • Free cash/cheque deposits
    • Free cash/cheque withdrawals
    • Free monthly statements
    • Access to a relationship manager 
    • Access to cash management and trade finance
    • Access to asset finance products

  • What to bring when you apply

    Limited liability companies

    • Certificate of incorporation
    • Certified copy of Company Form 7 or latest annual returns
    • Certified copy of memorandum and articles of association
    • Certified copy of directors’ resolution to open account
    • Current trading licence
    • Tax identification number (TIN) certificate
    • Company letter head
       

    Sole proprietors/Enterprises

    • Certified copy of certificate of registration
    • Certified copy of statement of particulars
    • Current trading licence
    • Tax identification number (TIN) certificate
    • Statement of particulars
    • Business letterhead
       

    Partnership

    • Certified copy of certificate of registration
    • Certified copy of statement of particulars (not mandatory)
    • Certified copy of partnership deed
    • Partners’ resolution to open account
    • Current trading licence
    • Tax identification number (TIN) certificate
    • Business letterhead
       

    Directors/Founders and signatories of the above to provide the following:

    • Identification document: passport (mandatory for foreign nationals)/national ID/driver’s license)
    • Confirmation of residential address
    • Confirmation of postal address if any

     

Business Daily Interest Account

  • What you get

    Enjoy effective day-to-day banking services and earn interest on your daily deposits
     
    • Free counter transactions
    • Free deposits
    • A Visa debit card, which is accepted worldwide
    • Access to 39 branches and 69 ATMs countrywide
    • A dedicated relationship manager
    • Access to trade finance, cash management and commercial asset finance products
     

  • What to bring when you apply

    Limited liability companies

    • Certificate of incorporation
    • Certified copy of Company Form 7 or latest annual returns
    • Certified copy of memorandum and articles of association
    • Certified copy of directors’ resolution to open account
    • Current trading licence
    • Tax identification number (TIN) certificate
    • Company letter head
       

    Sole proprietors/Enterprises

    • Certified copy of certificate of registration
    • Certified copy of statement of particulars
    • Current trading licence
    • Tax identification number (TIN) certificate
    • Statement of particulars
    • Business letterhead
       

    Partnership

    • Certified copy of certificate of registration
    • Certified copy of statement of particulars (not mandatory)
    • Certified copy of partnership deed
    • Partners’ resolution to open account
    • Current trading licence
    • Tax identification number (TIN) certificate
    • Business letterhead
       

    Directors/Founders and signatories of the above to provide the following:

    • Identification document: passport (mandatory for foreign nationals)/national ID/driver’s license)
    • Confirmation of residential address
    • Confirmation of postal address if any

     

Awamu Account

  • What you get

    • Minimum operating balance of UGX1,000,000
    • Free counter cash transactions
    • Tiered monthly interest on your deposits
    • Access to cash management and trade finance
    • Access to asset finance product
    • Ledger and other fees apply if your account is UGX1,000,000 or less 
    • It is only available to NGOs, charities, church bodies, clubs, societies and associations and other community organisations

  • What to bring when you apply

    Community entities include charities, church bodies, clubs, societies and associations, NGOs, community-based organisations:

    • Certificate of registration
    • Certified copy of memorandum and articles of association/constitution/by-laws
    • Certified copy of directors’ resolution to open an account
    • Letter from LC chairman in case of local community-based organisations, associations, clubs, societies and VSLAs
    • Tax identification number (TIN) certificate
    • Organisation letterhead
       

    Directors/Founders and signatories of the above to provide the following:

    • Identification document: passport (mandatory for foreign nationals)/national ID/driver’s license)
    • Confirmation of residential address
    • Confirmation of postal address if any

    Limited Liability Company

    • Certificate of Incorporation
    • Certified copy of Company form 7 or latest Annual Returns
    • Certified copy of Memorandum and Articles of Association
    • Certified copy of Director’s Resolution to open account
    • Current Trading Licence
    • Tax Identification Number (TIN) certificate
    • Company letter head

    Sole Proprietors/Enterprises

    • Certified copy of Certificate of registration
    • Certified copy of Statement of Particulars
    • Current Trading Licence
    • Tax Identification Number (TIN) certificate
    • Statement of Particulars
    • Business Letterhead

    Partnership

    • Certified copy of Certificate of registration
    • Certified copy of Statement of Particulars (not mandatory)
    • Certified copy of Partnership Deed
    • Partners’ Resolution to open account
    • Current Trading Licence
    • Tax Identification Number (TIN) certificate
    • Business letterhead

    Directors/Founders & Signatories of the above to provide the following:

    • Identification Document (Passport: mandatory for foreign nationals/National ID/Driver’s License)
    • Confirmation of residential address
    • Confirmation of postal address if any

    Limited Liability Company

    • Certificate of Incorporation
    • Certified copy of Company form 7 or latest Annual Returns
    • Certified copy of Memorandum and Articles of Association
    • Certified copy of Director’s Resolution to open account
    • Current Trading Licence
    • Tax Identification Number (TIN) certificate
    • Company letter head

    Sole Proprietors/Enterprises

    • Certified copy of Certificate of registration
    • Certified copy of Statement of Particulars
    • Current Trading Licence
    • Tax Identification Number (TIN) certificate
    • Statement of Particulars
    • Business Letterhead

    Partnership

    • Certified copy of Certificate of registration
    • Certified copy of Statement of Particulars (not mandatory)
    • Certified copy of Partnership Deed
    • Partners’ Resolution to open account
    • Current Trading Licence
    • Tax Identification Number (TIN) certificate
    • Business letterhead

    Directors/Founders & Signatories of the above to provide the following:

    • Identification Document (Passport: mandatory for foreign nationals/National ID/Driver’s License)
    • Confirmation of residential address
    • Confirmation of postal address if any
Business Access Account

  • What you get

    • Income replacement cover *
    • One free monthly eStatement
    • A Business Debit Card (current debit card tariff applies)**
    • Access to chequebook facility (current tariff applies)
    • Easy transacting at our agent banking locations
    • CashSend – send cash to anyone from an Absa ATM or from your phone, even without data
    • Minimum opening balance of UGX100,000
    • Counter cash withdrawal fee of 0,25% applies (minimum UGX7,475 maximum UGX34,500)


    *Up to UGX1,200,000 annually in case of hospitalisation for nominated key controller
    *Daily ATM cash withdrawal limit of UXG5,000,000

  • What to bring when you apply

    • Current trading licence
    • Certificate of registration
    • Other documents depending on nature of business
Are you interested in a business current account? 

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Need more help?

Call us on:
0800 222 333 (Toll Free)
+256 (0) 312 218 348 (Network charges apply)

Email us:
absa.uganda@absa.africa