Current Savings Account


Account Description

This account offers you fast and convenient access to your cash at any time and is available in Rwandan francs or any major foreign currency.


Features
  • Free withdraw and deposit of any amount at any working time.
  • Non-interest bearing.
  • Rwf 500 monthly account management fees for individual.
  • Rwf 1,000 monthly account management fee for corporate and SMEs.
  • $2 monthly management fee for individual for USD account.
  • $3 monthly management fee for corporate for USD account.
  • Rwf1000 of minimum balance.

Benefits
  • Safe way to secure your finances.
  • Access to other services i.e. cheque books, mobile banking etc.
  • Make transfers to any other accounts in UB and in other banks (local & International).
  • Access to credit facilities.
  • Carry out a whole range banking transactions.

Requirements
    Individuals
  • Fill an account application form.
  • ID or passport, for account owner and for signatory if any.
  • Resident permit/Visa/employment letter for foreigners.
  • Not blacklisted (UN sanction list, BNR list, CRB etc).
  • Passport size photo for account owner and signatory if any.
  • Minimum deposit for the first time of Rwf 5,000 (for cheque/pass book) and the required minimum balance and.
  • Minimum balance of $2 in foreign currency.
  • Acceptance of terms and conditions.

  • Companies
  • Fill an account application form.
  • Full RDB Certificate of registration and full company registration document.
  • ID or passport, Passport size photo for signatories.
  • Not blacklisted (UN sanction list, BNR list, CRB etc).
  • Minimum deposit for the first time of Rwf 5,000 (for cheque and the required minimum balance).
  • Minimum balance of Rwf1000 and $2 in foreign currency.
  • Board resolution for opening account and signatories.
  • Memorandum or articles of Association if applicable.
  • Acceptance of terms and conditions.

  • NGOs, Cooperatives, Friend Groups, Chorus funds
  • Fill an account application form.
  • RGB, RCA Certificate of registration.
  • Memorandum or articles of Association if applicable for cooperatives and NGOs.
  • MOU for Friendly Groups, Chorus funds and Mutual fund.
  • ID or passport, Passport size photo for signatories.
  • Not blacklisted (UN sanction list, BNR list, CRB etc).
  • Minimum deposit for the first time of Rwf 5,000 (for cheque and the required minimum balance).
  • Minimum balance of Rwf1000 and $2 in foreign currency.
  • Board resolution for opening account and signatories for cooperatives and Associations.
  • Governing Board resolution for opening account for Friend Groups, Chorus funds and mutual funds