Smarter Banking to Power Your Business

The dfcu Maali Account is a financial solution tailored for small and medium enterprise (SME) customers and informal traders. It is designed to simplify business financial management by providing a smarter, more streamlined way to handle money, improve cash flow visibility, and support business growth.

Features

• Currency: UGX, USD
• Account opening balance: UGX 50,000, USD 50
• Minimum balance: UGX 50,000, USD 50
• Account maintenance fees: UGX 5,000, USD 1
• Over the counter deposits:
  • UGX
    • Free
  • FCY
    • 5,000 & below per day – free
    • Above 5,000 - 0.25% max 5,000
• Over the counter withdrawals:
  • UGX
    • Free
  • FCY
    • 2,000 & below per day – free
    • Above 2,000 - 0.25% max 5,000

How can I open this account?

Visit your nearest dfcu Branch or call 0800222000 for details to get started

Benefits

• Access to a dfcu Visa Debit Card for sole proprietorship (one signatory)
• Available in two currencies
• Credit interest applied on account balances tiered up to 3%
• Free enrolment on digital channels.
• Free deposits for UGX and up to USD 5,000 per day
• Free withdrawals of up to USD 2,000 per day
• Embedded insurance benefits as listed below:
  • Death cover of up to UGX 5M per life
  • Permanent total disability of up to UGX 5M per life
  • Critical illness of up to UGX 1M per life
  • Hospital cash cover of UGX 50,000 per night (Min 2, Max 10 nights)
  • Last expense of up to UGX 1.5M per life

Requirements

• Turnover below UGX 500M
• Sole proprietor
  • Certificate of registration of Business Name filed with URSB.
  • Statement of particulars pursuant to the registration of business name filed with URSB.
  • Trading License
• Limited Company incorporated in Uganda
  • Board resolution* to open account stating authorized signatories and their signing mandate filed with URSB
  • Certificate of Incorporation filed with URSB
  • Copy of memorandum and Articles of Association filed with URSB.
  • Particulars of Directors and Secretaries i.e. Form 20 (formerly form 7) filed with URSB
  • Form 8 (current annual returns form for companies that have been in business for more than one year) filed with URSB.
  • Notice of Beneficial License Owner Particulars (Form 1) filed with URSB
  • Notice of Change of the Particulars of Beneficial Owners (Form 2) where there has been a change in particulars of beneficial owners filed with URSB
  • Trading License
  • Tax Identification Number (TIN) certificate/URA screenshot
  • Company search results
• Companies incorporated outside Uganda
  • Certificate of registration as a foreign company filed with URSB.
  • Board resolution* to open account stating authorized signatories and their signing mandate filed with URSB.
  • Copy of memorandum and Articles of Association* from country of origin.
  • Particulars of Directors and Secretaries i.e. Form 24 (formerly from A19) filed with URSB.
  • Form 8 (current annual returns form for companies that have been in business for more than one year)
  • Trading License Notice of Beneficial Owner Particulars (Form 1) filed with URSB.
  • Notice of Change of the Particulars of Beneficial Owners (Form 2) where there has been a change in particulars of beneficial owners filed with URSB.
  • Tax Identification Number (TIN) certificate/URA screenshot.
  • Company search results
• Schools, Education & Institutions
  • Government Schools
    • Authorization to open account duly signed by District or Town representative (CAO or District Education Officer or Town Clerk) OR Board Members/ Executive committee stating signatories.
  • Private Schools:
    • School Registration Certificate/Permit to operate issued by the CAO or DEO.
    • Limited Company: Refer to identification requirements for Limited Company.
    • NGO: Refer to identification requirements for NGO.
• Partnerships
  • Certificate of Registration of Business name filed with URSB if the partners are not trading in their true names, i.e. the partners are trading in a generic name.
  • Copy of Partnership Deed filed with URSB.
  • Copy of Statement of particulars pursuant to the registration business name filed with URSB.
  • Authorization to open account duly signed by Partners stating signatories and their mandate filed with URSB.
  • Notice of Beneficial Owners Particulars (Form 1) filed with URSB for limited liability partnerships.
  • Notice of Change of Particulars of Beneficial Owner (Form 2) filed with URSB for limited liability