KAMPALA, Uganda- April 29, 2023: Owing to its history as a rural trust bank, Centenary Bank has become a safer destination for Savings and Credit Cooperative Organizations (SACCOS)
The Cente Sacco Current Account is a special deposit account designed explicitly for SACCOs that prefer a checking account.
The account requires a minimum opening deposit of UShs.200,000 and a minimum balance of UShs.10,000, two recent passport-size photos of account signatories, and valid identification for the account signatories. They also needed to provide a copy of the SACCO by-laws, minutes, resolutions, and signatories with an account operating mandate.
Additionally, they need to present a copy of the registration issued by the District Commercial Officer or District.
Finally, the SACCO members will need to provide a referee who was a Centenary Bank account holder, LC1 Chairperson, Registered Advocate, Religious Leader, RDC, CAO, or any person of good repute.
To learn more about this account, click here: https://www.centenarybank.co.