CIB Company Accounts

The CIB Company Accounts are tailored to give your Company the ultimate banking experience to ensure your businesses stay afloat all the time.

Main features:

  • Cheque book issued on request
  • Monthly ledger fees of only UShs 22,000
  • Appointment of known agents by the company account holder
  • Regular monthly statements issued on request
  • Minimum balance of only Ushs 10,000

Basic Requirements: 

  • Certified resolution indicating signatories to the account and how they will sign.
  • Certified Copy of certificate of Incorporation.
  • Certified copy of Memorandum and Articles of Association.
  • Certified Particulars of Directors (Form 7 or 8)
  • Copy of the company trading license.
  • Valid identification documents (National ID, Driver’s License, Passport, and Employee ID).
  • 2 Passport size photographs each for the account signatories.
  • Opening deposit of UShs.100,000
  • Company Tax Identification Number (TIN).
  • Trading License

Benefits:

  • Unrestricted cash and cheque deposits and withdrawals.
  • Access to a variety of loan products and overdraft facilities.
  • Access to other bank services like money transfers.
  • Daily balances and mini-statements available on request.
  • Can be held both in local and foreign currencies.