Scale With Confidence

The dfcu Maali Plus Account is a premium banking solution tailored for growing businesses with increasing operational complexity. It is designed to support enterprises expanding into new markets, managing multiple suppliers, and handling higher transaction volumes, offering enhanced financial control and the capacity to seize new growth opportunities.

Features

• Currency: UGX, USD
• Account opening balance: UGX 100,000, USD 50
• Minimum balance: UGX 2,000,000, USD 500. Penalty below minimum balance; UGX 50,000, USD 14
• Account maintenance fees: Free for all currencies
• Over the counter deposits:
  • UGX
    • Free
  • FCY
    • 10,000 & below per day – free
    • Above 10,000 - 0.25% max 5,000
• Over the counter withdrawals:
  • UGX
    • Free
  • FCY
    • 10,000 & below per day – free
    • Above 10,000 - 0.25% max 5,000
• Credit interest tiered up to 3%

How can I open this account?

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

Benefits

• Available in two currencies
• No account maintenance fees
• Free over the counter cash withdrawals for UGX
• Free deposits for UGX and up to 10,000 per day for FCY
• Free withdrawals of up to USD 10,000 per day
• Access to a dfcu Visa Debit Card for sole proprietorship (one signatory)
• Credit interest applied on account balances tiered up to 3%

Requirements

• Turnover between UGX 2Bn to UGX 10Bn
• 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