CenteXpress Account
Product Features
- Denominated in Uganda Shillings (UShs).
- Opening balance of UShs. 3,000.
- Minimum balance UShs. 2,000.
- Maximum amount per transaction is UShs. 1,000,000.
- No withdrawal Limits
- Interest of 3% p.a. payable on minimum balances maintained on the account to be paid quarterly.
- No monthly ledger fees.
- No ATM card issued.
- Permits deposits by way of cash, wire, cheques, and any acceptable means of deposit.
Benefits
- Convenient – No need to go to the branch to open an account.
- Very affordable account to open and operate.
- Account earns interest on outstanding credit balance.
- No ledger fees, maintenance fees or other monthly charges.
- Free and automatic enrolment on alternative channels.
- Instant alerts for transactions.
- No paperwork required during the account opening process.
- Instant issuance of a visa card upon deposit of Ugx 15,000 on the account.
Requirements
- Possess a valid & original National ID.
- Possess an active SIM registered in the holder’s name.
- Possess a mobile phone.
How To Open A Centexpress Account Using The Centemobile App:
- Existing customer receives a request to open CenteXpress account from a client.
- Existing customer validates mobile number registration status of prospecting client using *197# for MTN or *216# for Airtel.
- Existing customer confirms that the client has the required account opening deposit which is UGX 3,000
- Existing customer logs into the CenteMobile App.
- Select CenteXpress Account Opening on the menu.
- Existing customer then starts capturing KYC in digital form using the steps below.