| 1 |
CURRENT
ACCOUNTS (continuation) |
| xiii |
Audit Report
Below 12 months
Above 12 months |
flat rate
Le50,000 |
|
| 2 |
SAVINGS ACCOUNT |
| i |
Opening of New Account
a. Minimum initial deposit
b. Minimum balance to maintain/earn interest |
Le55,000
Le50,000 |
|
| ii |
Issuance of Identity Card |
Le5,000 |
|
| iii |
More than (4) Withdrawals per month |
Le5,000 per withdrawal |
|
| iv |
To reactivate dormant account |
Le20,000 |
|
| v |
To close an account:
Below three months
Above three months |
Le15,000
Le10,000
|
|
| vi |
Penalty on below minimum balance |
Le5,000 per month |
|
| vii |
Replacement of lost I.D. Card |
Le5,000 |
|
| 3 |
FOREIGN
ACCOUNTS |
| i |
Opening a new account:
Minimum initial deposit -
- Personal
- Business
Minimum balance required or equivalent Minimum balance to
earn interest
Penalty on minimum Foreign Balance |
$1,000
$2,000
$1,000
$50,000
5% per month |
|
| ii |
USD cash withdrawal against cash deposit
- |
1% |
|
iii |
Quarterly maintenance fee
|
$15
or equivalence in GBP or EURO |
|
| iv |
To close an account - 2% Minimum
|
$15
or equivalence in GBP or EURO
|
|
| 4 |
FOREIGN EXCHANGE |
| i |
T/Cheques purchased |
1% |
|
| ii |
T/Cheques sold |
not available |
|
| iii |
Purchase of foreign cheques
|
0.5% |
|
| iv |
Collection charge
Discount charge
Foreign cheque returned unpaid - Actual
charge
Stopped Foreign Cheque/Draft |
1% or equiv.
Min: $25
0.5%
Min: Le10,000
+$10 or £7.5
$16
|
|
| v |
(v) Purchase of Foreign
Currency Notes |
Free
|
|
| vi |
Sale of Foreign Draft - 2% Comm.
Min. |
$10 or £7.5 |
|
| vii |
Sale of Foreign Currency Notes
|
Free |
|
| viii |
Transfer between Foreign Currency
Accounts to other Banks—2% Min
Transfer between Foreign Currency Accounts within Union
Trust Bank Limited |
$10 or equiv.
Free
|
|
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