ABC Bank Uganda Services and Contacts

ABC Bank Current Accounts:

ABC Bank Uganda Current Accounts are customized to offer you a wide array of savings, transaction and investment benefits, at very affordable rates.
ABC Bank Savings Accounts:

ABC Bank Uganda range of Savings Accounts provide you with a wide array of benefits, options and advantages to make your saving simple and convenient.
ABC Bank Personal Loans:

ABC Bank Uganda loan process is convenient with a simple application, affordable monthly payments, quick decisions and outstanding customer service.

ABC Bank Business Banking

A great idea is the catalyst, and ABC Capital Bank business banking products will help improve cash flow and nurture growth to keep your business moving forward.

ABC Bank Corporate Current Account:

ABC Capital Bank Current Account are designed to handle high number of transactions. With unlimited cash and cheque book transaction, this account gives you the convenience of managing your day to day financial transactions with ease. ABC Capital Bank Relationship Officers are dedicated to be the most accessible Corporate Bankers, ready to help you do your day to day banking and grow your business.

The account can be operated in these currencies: Uganda shillings, US Dollars, Sterling Pounds or Euro
Opening balance UGX 100,000shs
Minimum balance: NIL
Access to overdraft (conditions apply)
Sweep facility to any other account within the bank (no need to physically having to transfer money from one account to another)
Free internal transfers
Free Monthly statements
Discounted rates on banker’s cheques

Corporate Fixed Deposits Accounts:

With very competitive interest rates for your term deposit the bank offers the following options.

Fixed Deposits Account with interest paid on maturity.

This product offers the client an opportunity to choose whether interest should be compounded or paid to an operative account upon maturity of the deposit. Renewal is automatic if the client so wishes & the account can be opened in either local or foreign currencies. The minimum balance is Ugx. 1,000,000 This account has no charges.
Fixed Deposits Account with interest paid monthly

for the life of the deposit.Renewal is also automatic & the minimum balance is only Ugx. 1,000,000.

Corporate Foreign Current Accounts

Opening balance USD 500/GBP 100/EURO 100
Cash handling fee 1% on cash deposit

ABC Bank Flexi Deposits Accounts:

This is ideal for businesses running an Overdraft account, as it acts as security for the overdraft as it can be accessed in time of need.

Investments

Realize smart growth for your company by taking advantage of the financial and industry expertise we can deliver through the unique solutions.

Asset Financing:

These loans are advanced to individuals/corporates and salaried employees with good business background and repayment capacity for either purchase of motor vehicles or machines.

Insurance Premium Financing:

These loans are meant to help the client to acquire the desired insurance cover paying a small portion of the premium aid taking a loan for the balance.

The Bank tops up the amount paid by the insured and pays the gross amount directly to the insurance company and thereafter recovering the loan plus interest within the policy period.

Guarantees:

Guarantees shall include all forms of guarantee commitments issued by the bank, bid bonds, advance payments guarantees, performance guarantees and financial guarantees. All guarantees shall have a fixed expiring date and amount

Overdrafts:

These facilities are offered to our clients to assist them meet their day to day working capital requirements. It would be running (operative) facility where a business will deposit its sales receipts and withdraw funds to the maximum limits of overdraft permitted.

Invoice/ Bills Discounting:

This is intended to finance genuine trade bills (Bank shall obtain an assessment on the anchor client) and from time to time approve a list of anchors with which bills/invoices can be obtained

Amount advanced to be up to 80% of the value of the bill
A maximum period of 90 days to be permitted
Repayment on maturity of trade bills
Invoice discounting allows a business to draw money against its sales invoices before the customer (reputable company)
has actually paid to meet working capital requirements.

Term working capital loans:

These loans are basically advanced for the purchase of assets & the client may choose to pay through either equated or non-equated installments to suit the individual requirements.

Extended for financing specific transactions or projects

Interest linked to the Bank’s Base Lending Rate or Foreign Currency Base Lending rate (for foreign currency), charged quarterly
Available in Kenyan Shillings, US Dollars, GB Pounds and Euro

Documentary Credit:

These loans are basically advanced for the purchase of assets & the client may choose to pay through either equated or non-equated installments to suit the individual requirements.

Extended for financing specific transactions or projects

Interest linked to the Bank’s Base Lending Rate or Foreign Currency Base Lending rate (for foreign currency), charged quarterly
Available in Kenyan Shillings, US Dollars, GB Pounds and Euro

Money Transfers

We ensure timely transfer of funds to your family, friends and business partners, across all regions with excellent customer service at all our branches.

International Transfers

Foreign Demand Draft
Telegraphic Transfers
Western Union
MoneyGram
Express Money

Local Transfers

RTGS
EFT
Direct Debit
Bankers Cheque