Institutional Collection Account
A dedicated account designed to help institutions efficiently collect, manage, and monitor funds from multiple sources.
Overview
| Target Audience | Schools, NGOs, churches, companies, projects, and other registered institutions collecting funds. |
|---|---|
| Key Benefit | Centralized collections with instant transaction visibility and simplified reconciliation. |
| Minimum Balance | Not Applicable |
To Open Your Account
Please provide the following documentation:
- Opening Fee: One-time payment of UGX 25,000.
- Institution Registration Certificate
- Institution Resolution: Authorizing account opening and signatories.
- Institution Constitution
- Identification: Copies of National IDs (NIN) for all authorized signatories.
- Photographs: Three passport-sized photos for each signatory.
Account Features & Benefits
| Category | Details |
| Fees & Charges |
|
|---|---|
| Access & Conveniences |
|
| Collections & Control |
|
| Additional Services |
|
Institutional Collection Account
Requirements.
- Opening fee of Ugx 25,000
- Institution registration certificate
- Institution resolution
- Institution constitution
- Copies of National IDs for the signatories
- Three copies of passport photos for each signatory
Benefits.
- Free and instant transaction processing at all EBO branches
- Accessibility to other products like loans, savings, and investment products
- Our relationship managers are available to help you with financial solutions for your needs
- No charges on withdrawals and deposits
- No limit on withdrawals or deposits
- Account opening is easy and instant
- Consistent outstanding customer care
- Quick service delivery
- Attractive interest rates
Features
- Any amount can be deposited
- SMS alerts for all transactions
- Mobile banking services
