Home Home
Home | Sitemap | Contact Us
 
Home » International » EFT/RTGS

EFT/RTGS

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 bank.

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 useful for high value payments also.

We offer EFT/RTGS facility to our Retail and Corporate customers at all our branches in Uganda.

** For other terms & conditions, please contact any of our branches in Uganda