Current Accounts
A UBA Current Account is suitable for everyone, whether employed, self-employed, students, artisans or members of the diaspora.
Banking made easier by caring for your needs
Individual Current Account
Opening balance of ZMW 0
• Minimum operating balance of ZMW 0
• Unlimited withdrawals per month
• Maintenance fee of ZMW 75/month
• Free inter-country deposits
• Access to credit facilities – subject to an internal credit appraisal
• No restrictions on withdrawal frequency or amounts for funded accounts
• Third party transactions allowed
• No restriction on deposit amounts
• Cheque lodgment allowed
• Access to internet and mobile banking
• Access to UBA Mastercard and Visa Card
• Initial opening balance K50
• Valid IDs : NRC/Passport /Driving License for the signatory
• 2 Passport size photographs for Signatory
• Proof of residence
• Reference letter from any account holder.
• TPIN Certificate
• Notice of situation of registration, form 43
• Board resolution appointing UBA as a Banker.
• Copy of I.D (National registration Card or Driver’s license or passport) for all directors with
more than 30% shares and all signatories
• Work permit for non residents
• Two passport size photos for the authorized signatories and directors holding more than 30%
shareholding.
• Traceable reference from existing customer, current bankers, legal practitioner etc.
• Residential address confirmation( copy of utility bill i.e water, Electricity, Telephone bill or
lease agreement, recent bank statement issued within three months preceding date of account
or recommender should confirm address2 Passport size photographs for Signator
Domiciliary Account
• Minimum opening & operating balance – US$100 (equivalent in other currencies)
• Maintenance fee – US$10 monthly (equivalent in other currencies)
• Cash withdrawal over counter limit of US$5, 000 and equivalent per day
• Zero deposit charges US$20,000=
• Free lodgment of dividend warrants and cheque
• UBA Branded cheque book
• SMS/Email Alerts (optional) at 30 ngwee per alert
• Free internet banking (U-Direct)
• Free e-statements
• Application letter (on Company headed paper)
• Copy of memorandum of articles of association
• Certificate of share capital, form 10
• Certificate of incorporation, form 6,7,8 or 9
• List of share holders, form 28
• List of directors and secretary, form 45
• Notice of situation of registration, form 43
• Board resolution appointing UBA as a Banker
• Copy of I.D (National registration Card or Driver’s license or passport) for all
directors with more than 30% shares and all signatories
• Work permit for non residents
• Two passport size photos for the authorized signatories and directors holding more
than 30% shareholding
• Traceable reference from existing customer, current bankers, legal practitioner etc.
• Residential address confirmation( copy of utility bill i.e water, Electricity, Telephone
bill or lease agreement, recent bank statement issued within three months preceding
date of account or recommender should confirm address)