One account, limitless transactions
Boost your business by opening a current deposit.
Baroda Premium Current Bank Account (USD)
A Baroda current Deposit product is ideal for firms, Companies, Institutions, Individuals etc., who need banking facility more frequently. This is one of the most basic and flexible deposit options, allowing transaction without limiting the numbers.
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Benefits
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Features
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Eligibility
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Documents Required
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Terms and conditions
- Free initial Visa ATM Card (For Individual Account).
- Free 2 Cheque Book of 50 leaves every year
- Free monthly account statement sent to your email.
- Free Mobile and Internet Banking facility.
- Zero Leger fees.
- No counter withdraw fees
- Full access to your money deposited in the account.
- Overdraft facility.
- Free transfer of funds within the bank.
- Minimum and Initial deposit is USD 5,000
- Free SMS alerts.
- Individuals, company and non-personal Accounts like churches, clubs, trustees etc.
- Memorandum & Articles of Association (duly certified by the registrar of companies).
- Certificate of Incorporation (duly certified by the Registrar of companies).
- Board resolution duly certified by the Registrar of companies.
- 2 passport size photographs of prospective signatories to the account.
- National Identity Card for Ugandan citizens is a MUST. Any other Identity Card is only an addition.
- Evidence of physical address and identity of prospective signatories to the account. This can be given by the local council 1 chairman or registered law or audit/accountant’s firms or domestic utility bill e.g. latest water or electricity bill.
- Introducer/referee who must be a current account holder of good standing.
- Photocopy of the passport of the prospective signatories to the account in case of foreign nationals with a valid work/resident permit into Uganda.
- Company Form 18 or (9) duly certified by the Registrar of companies(notice of situation of registered office and the registered postal address or any other change therein)
- Company Form 20 or (7) duly certified by the Registrar of companies.(notification of appointment of directors and company secretary)
- Trading License
- TIN Certificate
PARTNERSHIP
- Certified Registration certificate by the registrar of companies
- Form of particulars of partners and the business duly certified by the Registrar of companies.
- 2 passport size photos of each partner/signatory to account.
- Introducer/referee who must be a current account holder of good standing.
- Partnership letter on bank format signed by all partners.
- National Identity Card for Ugandan citizens is a MUST. Any other Identity Card is only an addition.
- Proof of residence of partners using letter from local council (LC) 1 or domestic utility bill e.g. latest water or electricity bill.
- Photocopy of the passports of the partners in case of foreign nationals with a valid work/resident permit.
- Trading License
- TIN Certificate
SOLE PROPRIETORSHIP
- Certified Registration certificate by the registrar of companies
- Form of particulars of the proprietor duly certified by the registrar of companies.
- 2 passport size photos of the proprietor.
- Introducer/referee who must be a current account holder of good standing.
- Letter of Sole proprietorship (on bank format)
- Proof of residence of the proprietor using letter from Local Council (LC) 1 or domestic utility bill e.g. latest water or electricity bill.
- National Identity Card for Ugandan citizens is a MUST. Any other ID is only an addition.
- Photocopy of the passport of the sole proprietor in case of foreign nationals, with a valid work/resident permit.
- Trading License
- TIN Certificate
NON PERSONAL ACCOUNTS FOR NGOs, CHURCHES, SCHOOLS OR CLUBS/TRUSTEES/
- Certified Certificate of registration by the respective bodies
- Certified Constitution/by-laws of the organization.
- Approval from appropriate authorities (like Church Dioceses, District Education Officer, Government Authorities, etc.)
- Certified resolution to open the account by Managing Committee.
- 2 passport size photos of the prospective signatories to the account.
- Introducer/referee who must be a current account holder of good standing.
- National Identity Card for Ugandan citizens is a MUST. Any other Identity Card is only an addition.
- Proof of residence of the prospective signatories to the account e.g. by letter from Local Council (LC) 1 or domestic utility bill e.g. latest water or electricity bill
Photocopy of the passport of the signatories in case of foreign nationals with a valid work/resident permit.
- Interest rate is subject to change from time to time. View latest Interest Rate
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What is a premium current bank account USD?The Baroda Premium Current Bank Account USD is a flexible current deposit product provided by Bank of Baroda in Uganda. It caters to individuals, companies, institutions, and firms in need of frequent banking services. This account allows for unlimited transactions and is ideal for those who prefer to operate in USD.
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How can I open a Premium Current Bank Account USD with Bank of Baroda Uganda?
To open a Premium Current Bank Account USD with Bank of Baroda Uganda, follow these steps:
- Visit the Bank of Baroda Uganda website and go to the personal banking section.
- Click on "Bank Accounts" and select "Current Bank Account."
- Choose the "Baroda Premium Current Bank Account USD" option and click "Apply Now."
- Complete the online application process.
- Upon approval, visit a bank branch with the necessary documents to finalise the account opening.
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What are the fees and charges associated with Bank of Baroda’s Premium Current Bank Account USD?
Bank of Baroda's Premium Current Bank Account USD imposes a fee if the minimum balance requirement of USD 5,000 is not maintained. Additional charges may apply for services like wire transfers, foreign currency transactions, and ATM withdrawals. For detailed information on fees and charges, kindly refer to the bank's website or reach out to their customer service.
