Learn how to become a Bank of Africa agent and establish your own business as a trusted representative of one of Africa’s leading banks. Explore the requirements and benefits of becoming a Bank of Africa agent now!
When you become a Bank of Africa agent, you make it easier for various suppliers or distributors to transact business with you when they visit your business premises. Any agent bearing the BANK OF AFRICA logo in their neighborhood is allowed to make cash transactions on behalf of the Bank of Africa.
In case you’re interested in becoming a Bank of Africa bank agent, this information will prove helpful.
What’s required from you? (Documents)
- For existing BOA business customers, you are required to visit the BOA online website and apply for the bank to call you under the “ways to apply” section.
- For new customers, you are required to present the following documents;
- 1 recent passport photo of you (and each director if the business is not a sole proprietorship)
- Personal, current phone number and email address (as well as for all other directors if the company is not a sole proprietorship)
- If you are a Ugandan or a foreign national, you must present a valid form of identification, such as a passport, along with all other directors if your business is not a single proprietorship.
Requirements for various Establishments
Sole proprietorships
- Trading license
- TIN
- Certified copy of the certificate of registration
- Certified copy of registration particulars of business name/any changes thereof.
Partnership Firms
- Trading license
- TIN number
- Certified copy of the certificate of registration
- Certified statement of registered particulars of the business name and any change thereof
- Registered or a certified copy of the partnership deed
Clubs / Societies / NGOs / Churches / Charities
- Trust deed (where applicable)
- Certified copy of the certificate of registration
- Certified by-laws/constitution/copy of relevant Act
- Resolution approving the account opening, legally signed by authorized delegates, taken from the club, society, or charity meeting minutes
- On the club’s, church’s, society’s, NGO’s, or charity’s official letterhead, a letter requesting the opening of an account should be submitted.
- Trading license
- TIN
Limited Liability
- Certified copies of the incorporation certificate (and/or any name changes)
- Certified bylaws and articles of incorporation, including any amendments
- Authenticated board of directors’ decision authorizing the account’s opening
- Letter on business letterhead seeking the opening of an account
- The most recent annual report
- The certified copy of the amendments to the director’s and secretary’s information (company form 7)
- TIN
- Trading license
Trusts / Administrators / Executors / Liquidators
- Certified copy of the certificate of registration / Letter of probate or letters of administration
- The trust deed and supplementary deeds for possible changes in trustees
- Certified trust resolution as specified in the trust deed
- Tax identification number for every trustee and signatory
- The official returns displaying the Trust’s major place of operation or registered office
- Name of the founder or sponsor (Trusts)
Conclusion
As expressed on the Bank of Africa’s official website, the application process for becoming a bank agent can be done online.
As long as your documents are in place, you can click on the “Ways to Apply” tab and a session with the Relationship Manager at a branch near you will be booked. You may also call the bank on 0800100140 for quick help on how to apply.
