Interested in opening a Stanbic bank account in Uganda? It’s very easy and can be done in a matter of minutes.
Are you wondering if it’s easy to open a Stanbic bank account in Uganda and how much it costs? Well, it’s very easy and can be done within just a few minutes.
All you need to complete the process is a valid form of identification, a passport-style photo or a selfie, and a snapshot of your signature.
To have a seamless account opening experience, make sure you read all the tips below more so if you prefer opening a Stanbic Bank Account online.
Who can get a Stanbic Bank Account What are the requirements?
For Ugandan Nationals or citizens, one must present a valid Nation ID card.
Non-Ugandans or citizens, the bank requires you to submit a refugee card issued by the Ministry of Internal Affairs.
For US citizens, you must complete a FATCA form, print it out, sign and then upload it again to the application section if you’re doing the online process.
Please remember that all these documents are required whether you’re applying online or visiting a Stanbic bank office near you.
What’s better, applying online or visiting the office?
Both options are great and easy. Or it all depends on what you find more convenient. Here are some benefits of opening an account online.
- No paperwork in the process
- Minimal requirements
- Easy to do, quick, and versatile. You can do this at any place and any moment
- Automated sign-up for Visa cards, SMS alerts, and online and mobile banking
- Ability to remotely deposit any amount into your freshly formed account through Agent banking, mobile money, or the Cash Deposit ATMs
Very Important in the application process
For the online application, your photo is a very important part of the application process.
The ideal images to upload are those from a passport, but you can also utilize the cameras on your phone, tablet, or laptop.
Your digital photographs must be:
- Taken in color
- Taken over the last six months to capture how you currently look
- Taken against a background that is either pure white or off-white
- Taken with the subject facing the camera in full face view.
- With both eyes open and a neutral look
- Except when worn regularly for religious reasons, avoid donning hats or other head coverings that hide your hairline or scalp.
- You must be able to see your entire face, with no shadows from the head covering.
- You should not include headphones, wireless hands-free devices, or similar objects in your picture. Except in rare instances where it is medically necessary, spectacles should not be worn in photographs.
Account types offered by Stanbic Bank
An Everyday Account/Personal Account
This is a current bank account with no monthly fees that enable you to transact whenever you wish.
The benefits of this account include;
- No monthly charges or annual visa fees
- You pay as you transact.
- Use a silver Visa debit card whenever you see a VISA sign in the world, including at all major retail malls, hotels, and eateries.
- Use of our online and mobile banking.
- Continual assistance from the customer service department.
How much does this account cost?
- Initial down payment of 20,000 UGX
- Withdrawals from ATMs totaling Ugx1,200 per transaction
- SMS warnings for 1,000 Ugx
To open this account you need 2 passport size photos and a valid national ID
Gold Current Account
With professional relationship managers to assist you with your banking needs, you can enjoy convenient and hassle-free banking with exclusive advantages geared to meet your executive lifestyle and family demands.
The benefits of this account include,
- A passionate relationship manager (Executive Banker)
- At a few branches, there are designated Teller counters.
- Visa Debit & Credit Card in Gold.
- Incredible savings with our loyalty partners
- Monthly free inward electronic funds transfers are limited to one.
- The management of secondary accounts is free.
- SMS Alerts for Free.
- Access to banking via online and mobile.
- Free ATM transactions in UGX.
- Email Statements for Free.
- Offered in all popular currencies.
How much does this account cost?
- A monthly bundled fee of Ugx 32,000.
- Annual VISA card fees of Ugx37,000.
Ez Dimes Student Account
This innovative student account is intended to assist one save money to realize their aspirations.
The benefits of this account include;
- Free transfers between accounts.
- Currencies include UGX, KES, and USD.
- Any Visa location worldwide accepts the free first Visa card.
- Mobile and Internet banking are both free.
- No-cost SMS Alerts
- Low-interest rates on deposits
- Over-the-counter deposits are free in UGX.
How much does this account cost?
- Minimum balance of UGX 5,000
To open this account you need a valid national ID, 2 passport-size photos, and a school administration letter.
Karibu Salary Account
With this current account, you may bank easily and affordably with your salary or pay using different digital platforms without going to the branch.
The benefits of this account include;
- Unlimited ATM transactions
- Visa Card
- Access to loans
- Access to digital banking
- Free Inter account transfers
How much does this account cost?
- An initial deposit of Ugx 20,000it of Ugx 20,000
- A monthly bundled fee of Ugx 6,500
- Bi-annual VISA card fees of Ugx 16,000
- To open this account you need 2 Passport size photographs and a valid national ID.
These are just some of the few accounts that one can open with Stanbic Bank. Other types of accounts that you can check out include, a PureSave Account, a Contract Save account, Educare account, and the Fixed Deposit Account.
