EFT (Electronic Funds Transfer)
This facility allows electronic transfer of funds from our Bank to any bank in Uganda via Bank of Uganda (Central Bank). The facility is very safe, secured and quick. The funds will be credited to recipient’s account on the same day
There are two types of EFT i.e. Debit EFT and Credit EFT. This facility can be availed to carry out bulk payments and collection such as salary payment, collection of school fees etc involving more than one banks
RTGS (Real Time Gross Settlement)
RTGS can be used for transferring funds electronically between two banks in Uganda. It offers a simple, convenient, faster and secured way to transfer funds in Uganda. It works on ‘Single Debit Single Credit’ concept.
Since cheques cannot be issued above Ush. 20 Mns., EFT/RTGS is also useful for high value payments.
We offer the EFT/RTGS facility to our Retail and Corporate customers at all our branches in Uganda.