What is a Bank?
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans.
Best Bank To Save Money In Uganda
Stanbic Bank Uganda Limited
Which bank has the best rates in Uganda?
Dfcu Bank pays seven percent per annum on maximum savings. Commercial Bank of Africa Uganda (CBAU) will also pay you seven percent per annum.
Barclays Bank seems to have the best deal; it pays up to nine percent per annum if you open a savings account with them.
Which bank in Uganda has no monthly fee?
This is the account to get you started on your journey to independence. You pay only when you transact and there are zero monthly fees.
How do I open a bank account in Uganda while abroad?
A completed copy of the relevant Key Facts Document (USD, GBP, EUR, UGX)
Copy of your Ugandan National ID
Copy of your Passport (Biodata pages)
Address verification document e.g. a Utility Bill, House Lease Agreement, Resident ID, or a driving Permit indicating your address
An Email Indemnity form, notarized by a notary public or notary lawyer
A Passport size photo taken not more than 3 months ago
Can I open a bank account online without going to the bank in Uganda?
Open a personal, joint, or company account online opening an account online is now faster and more convenient than ever.