Don’t know where to start when it comes to opening a DFCU account? We can help. DFCU bank is focused on providing simple, affordable financial solutions for individuals.
- DFCU Current Accounts
- DFCU Salary Account
- Pinnacle Account
- Standard Personal Account
- DFCU SACCO Account
- DFCU Savings Accounts
- Classic Savings Account
- Savings Plus Account
- Dembe Account
- Young Savers Account
- Smart Plan Account
- Campus Plus Account
- Agric Group Account
- Fixed Deposit Account
- Investment Club Account
- Conclusion
Do you want to open a DFCU bank account but don’t know where to start? You’ve come to the right place. DFCU Bank focuses on providing quick, simple, and affordable financial solutions to meet the demands of individual consumers.
In this article, we discuss the various personal banking products under DFCU bank such as opening a DFCU bank account, requirements, different DFCU accounts to choose from, charges, and more.
Below are some of the DFCU bank accounts that you can open and their requirements.
DFCU Current Accounts
Under this section, you can register for a Salary Account, Pinnacle Account, Standard Personal Account, and the Dfcu SACCO Account
DFCU Salary Account
With the DfCU Salary account, you have the freedom to manage your transactions in a way that best suits your needs. They have improved the account to provide salary protection and access to unsecured personal loans and more.
Features & Benefits
- Cheque Book and Visa Debit Card are given upon opening the account
- Opening Balance of UGX. 10,000
Pinnacle Account
With a Pinnacle Account, you can plan and manage your expenses more effectively.
Features & Benefits
- Available in UGX, USD, and GBP
- Opening balance of UGX 50,000, USD 20, EUR 20, GBP 20
- You get a Gold Visa Debit Card
- Preferential ATM cash withdrawal limits
- Access to Personal Loans without Security Up to UGX 150 Million
- You can easily connect to a Relationship Manager who is committed to assisting you.
- Life insurance
- 24/7 access to your account
Requirements
- 2 passport photos
- National ID or Passport
- Letter of recommendation from the employer
- Employer ID
- Copy of Contract / Appointment Letter
- A recent Pay slip
Standard Personal Account
If your transactions are frequently business-like, the DfCU Standard Personal Account is a perfect option for you. It is made to be accessible whenever you need it, allowing you to maximize your financial resources.
Features & Benefits
- A checkbook and a Visa debit card are provided when an account is opened.
- Access to loans for business
- 24/7 access to your account
- Opening Balance of UGX. 50,000, USD 200, GBP 200, EUR 200
- Obtainable in a variety of currencies
- SMS alerts for account activity
- No restriction on using money from balances
- There is a joint account option.
Requirements
- 2 passport photos
- National ID or Passport
DFCU SACCO Account
Features & Benefits
- Available in UGX only
- Opening balance of UGX. 200,000
DFCU Savings Accounts
Under this section, theirs is the Classic Savings Account, Dembe Account, Savings Plus Account, Agric Group Account, Smart Plan Account, Campus Plus Account, and Young Savers Account.
Classic Savings Account
You get unrestricted access to your funds while having the flexibility to satisfy your savings needs with this account.
Features & Benefits
- Money is available in UGX and USD
- Opening balance of UGX 50,000 and USD 100
- You’re allowed one free over-the-counter withdrawal per month
Requirements
- 2 passport photos
- National ID or passport
Savings Plus Account
With this DFCU Savings Plus Account, you can save money in the currency of your choice.
Features & Benefits
- Money is available in UGX, USD, EUR, and or GBP
- Opening Balance of UGX. 250,000, USD 100, EUR 100, and GBP 100
- You’re allowed one free over-the-counter withdrawal per month
- Greater interest rates when balances increase
- Possibility of setting money aside in your favorite currency.
- You can utilize saved money as loan collateral.
- Makes it easier to collect or send money via standing orders and transfer payments
- E-statements are available.
Requirements
- 2 passport photos
- National ID or Passport
Dembe Account
For those who desire to increase their savings, this is a simple-to-use card-based savings account.
Features & Benefits
- Money is available in UGX only
- Opening Balance of UGX. 5,000
- Has a Visa Debit card to enable transactions
- There’s no low balance fee meaning unlimited access to your cash
- Convenient access through ATM
- Access to e-statements
Requirements
- 2 passport photos
- National ID or Passport
Young Savers Account
With the Dfcu Young Savers account, you may assist your child by saving for them early and staying committed.
Features & Benefits
- Save money in various currencies such as UGX, USD, EUR, and GBP.
- Opening Balance is UGX. 50,000, USD 100, EUR 100, and GBP 100
- You’re allowed one free over-the-counter withdrawal per month
- Additional money from interest
Requirements
- 2 passport photos each for the child and guardian
- National ID or Passport
- Child’s birth certificate/ Proof of guardianship
Smart Plan Account
By agreeing to a consistent monthly deposit, the account gives you the chance to increase your money and get closer to your objective.
Features & Benefits
- Assists you for a set amount of time in achieving your goal
- No monthly or transactional management fees.
- The interest rate increases with the length of the set plan period.
- Free standing orders from any dfcu account into the account
Requirements
- 2 passport photos
- National ID or Passport
Campus Plus Account
This Dfcu account gives you a more enjoyable banking experience by meeting the special demands of students in higher education institutions.
Features & Benefits
- Minimum opening deposit of UGX 20,000.
- The account is available in UGX
- Minimal maintenance costs
- Safekeeping services
- Free deposits of money
Requirements
- 2 passport photos
- National ID or Passport
Agric Group Account
The DFCU Farmer Group account is intended for recognized farmer groups and associations looking to grow their businesses.
Features & Benefits
- Available in UGX only
- Opening and minimum Balance of UGX. 50,000
- You’re allowed one free over-the-counter withdrawal per month
Requirements
- Certificate of Registration
- A constitution
- 2 Passport photos per signatory
- Resolution/ minute to open an account with Dfcu Bank
- National ID/ Passport of each signatory
Fixed Deposit Account
Want to accumulate a significant fixed-interest investment for a set amount of time? You must open a fixed Deposit Account with Dfcu bank.
Features & Benefits
- During the entire duration of your investment, the interest rate is fixed.
- Different maturity term lengths to accommodate customer needs
- Investment account for one-time payments
- Possibility to receive monthly interest payments
- Investing options are offered in various UGX and USD currencies.
Requirements
- 2 passport photos
- National ID or Passport
Investment Club Account
You may do more as a group if you use the Dfcu Investment Clubs Account.
Features & Benefits
- Currencies available in UGX, USD, EUR, and or GBP
- Opening Balance of UGX. 50,000, USD 100, EUR 100, and GBP 100
- You’re allowed one free over-the-counter withdrawal per month
- Amazing interest rates of up to 6.5%
Requirements
- 2 passport photos for each signatory
- National ID or Passport per signatory
- Resolution to open an account with DFCU Bank
- A copy of the registered constitution of the club
Conclusion
We hope that this guide to opening a DFCU bank account was helpful. There are different types of accounts that you can select depending on your requirements and benefits.
The best option would be to go to the nearest DfCU branch with the requirements and then request to open an account with them. The process should be quick and easy.
