Centenary Bank has waived charges on selected transactions performed using their digital channels, this is to allow easy access of their digital services at cheap prices and also prevent the use of physical money to combat the COVID-19 spread. We have also revised our CenteMobile loan limits as below; • Amount from UGX 2,000,000 to UGX 5,000,000 Loan period from I month to 3 months Our thoughts and support are with you and all those affected,” the statement added. He successfully managed a project to acquire branches of a failed bank and integrate them into the operations of Centenary Bank. On Tuesday morning, the Ministry of Health confirmed eight new cases of COVID-19 in the country. googletag.cmd.push(function() { If you’re looking for support. This is a mobile banking platform that enables you to transact and access banking services using your mobile phone or device anywhere, anytime as long as there is network coverage. Centenary bank sometime back introduced the new VISA Debit Card to its customers, a move which saw an end to the old centecards which were previously being issued and used by clients. }); The PML Daily, published via www.pmldaily.com is a publication of Post Media Ltd, a professional Digital/New Media company in Uganda. All infected are Ugandans who traveled from Dubai. For example, W estern union will charge you UGx 30k for UGx 300k sent to you. KAMPALA — Centenary Bank has added a new service on its Agent Baking platform that enables both its customers and bank non-customers to withdraw money at no charge. The other thing is you don’t necessarily need a bank account to receive western union money in Uganda. Uncover why Centenary Bank is the best company for you. In a statement issued on Tuesday, March 24, 2020, the Catholic Church-owned commercial bank also announced that it has revised CenteMobile loan limits as from UGX2 milion to UGX 5 million. Compare pay for popular roles and read about the team’s work-life balance. 0800 200 555 Loan Calculator Amount. googletag.enableServices(); With over 4,500 CenteAgents spread across the country, Centenary bank has the largest Agent banking network in the country offering various services including bill payments, account opening, deposit taking, and processing withdrawals at no charge for amounts of up to UGX 50,000 per … Centenary Bank has admitted its customer lost millions of shillings in ATM fraud, a revelation that sheds light on the growing cases of financial fraud hitting Uganda’s commercial banks. Many of these service are free of charge with standard and set bank service prices applying on usage. Centenary Bank has waived off charges for account to mobile wallet transfers for any amount using its CenteMobile banking platform, while customers can also withdraw up to UGX 50,000 at CenteAgent locations and using ATMs countrywide at no charge, officials have said, noting that the measure will reduce the spread of coronavirus. KAMPALA – Centenary Bank has removed charges on several transactions for its customers in view of the imminent threat caused by coronavirus. Salvador: Supporting Museveni doesn’t necessarily mean I agree with everything his government does! TIERS CASH DEPOSIT CASH WITHDRAWAL BILL & UTILITY PAYMENTS CENTEVOUCHER (NON-CUSTOMER) TIERS AIRTEL MTN Current Account Deposit account designed for checking transactions where deposit funds are drawn on demand as long as there are sufficient funds in the account and the bank … The economy has suffered a hit following the outbreak of coronavirus. Six employees of Centenary Bank have been sent to Kitalya and Kigo prisons on remand over charges of conspiracy to defraud the bank and unauthorized disclosure of bank information. In addition to the above service, Centenary bank’s clients enjoy more than a single service. The loan does not require any paperwork and is designed to help customers cater for emergencies like paying medical bills, school fees and now customers can borrow money to stock food during this period of staying home. CenteMobile Banking. NC Bank charges 21.5%, while Bank of Baroda, Centenary Bank, Guaranty Trust Bank, Housing Finance and Orient charge 21%. L-R Hon. So here’s the list again of mobile money providers in the ascending order of charges-> Africell money Centenary customers to withdraw money free of charge through cente agents In a bid to financially include the unbanked population, Centenary Bank has added a new service on its agent banking platform that enables both its customers and bank non-customers to withdraw money at no charge. The CenteMobile banking platform (which can be accessed by dialing *211# or using the CenteMobile App) allows customer to pay bills such as water and electricity, transfer funds from account to mobile wallet for free during this period, subscribe for DStv, GOtv, Startimes and pay for goods at selected merchant locations using the MasterPass option. with a focus on Centenary Bank. Mary Karooro Okurut, the Minister in Charge of General Duties receiving Ushs 200 Million Dummy Cheque from Mr. Fabian Kasi, Managing Director Centenary Bank… Cente Fixed Deposit Account. CENTENARY RURAL DEVELOPMENT BANK LIMITED, KAMPALA - SWIFT Code Information; SWIFT Code / BIC: CERB UG KA Copy Send via Email: Money Transfer: Save on international fees by using TransferWise, which is 5x cheaper than banks. Usually, western union Uganda charges and fees are 10% of the money being sent to you. 3 months the minimum amount of … Hi, Lets Talk. CONRAD AHABWE | PML Daily Senior Correspondent. Read More . With Cente Online banking, customers in the categories of SME, Corporate and High Net Worth can transfer money, pay bills, check balances on their accounts anytime, anywhere. Centenary Bank CenteMobile With WorldRemit, you can send money to the Centenary Bank in Uganda online using our bank deposit or … (adsbygoogle = window.adsbygoogle || []).push({}); window.googletag = window.googletag || {cmd: []}; In the wake of the Covid-19, some financial institutions have waived charges on selected transactions performed using digital channels to allow customers to access services cheaply. Centenary bank customers can deposit or withdraw money from their bank accounts using authorized bank agents. Send us an email : dailyexclusivesug@gmail.com The loan portfolio is typically the largest asset and the predominate source of revenue.It constitutes on average 75-80% of the total bank income.When banks fail to meet Centenary Bank waives transaction charges on digital channels April 16, 2020 April 16, 2020 3 min read user In the wake of the Covid-19, some financial institutions have waived charges on selected transactions performed using digital channels to allow customers to access services cheaply. Proper identification (identity card or passport, driving permit etc) Two recent passport size photographs KAMPALA – Centenary Bank has removed charges on several transactions for its customers in view of the imminent threat caused by coronavirus. Find out what works well at Centenary Bank from the people who know best. This brings to nine the number of cases Uganda has confirmed, a day after President Yoweri Museveni announced closure of the borders to human traffic. Centenary Bank Today at 1:30 AM Whether you are a business looking for a first major sale, or you ru ... n a business beyond borders, we got something for everyone. Our people, our community and our country are at the heart of everything we do; from giving back to our society to building an all-inclusive business that goes beyond the usual norms of business. Centenary bank customers are able through this app to make balance inquiries, to make fund transfers, to pay utilities, taxes, school fees or loans. The Bank of Uganda advises customers to report to it if they are offered a rate or charge different from what is published in the tables below. With over 4,500 Cente agents spread across the country, Centenary bank has the largest Agent banking network in the country offering various services including bill payments, account opening, deposit taking, and processing withdrawals at no charge for amounts of up to Shs 50,000 per day for 30 days. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. Kampala, Uganda | Julius Businge | Due to disruptions caused by COVID-19 lockdown, Centenary Bank top officials have announced the removal of charges for account to mobile wallet transfers for any amount using its CenteMobile platform. According to Centenary Bank’s General Manager Corporate Communications and Marketing, Beatrice Lugalambi, the waiver of charges applies for a period of 30 days effective 23rd March 2020 in line with the presidential ban of public gatherings and suspension of public transport. Lucky enough, this cost is incurred on the side of the sender. Customers also have the option of withdrawing money from a network of more than 180 ATMs using their CenteVisa debit cards at zero charge for amounts of up to Shs 50,000 per day for 30 days. The bank’s digital banking platforms offer a wide range of service options designed to suit different customer needs during such challenging times where there is limited movement. Account with the our Bank Registered on the CenteMobile Banking platform Message. This is an account where a customer’s deposits are fixed at an attractive interest rate for. Zero charges on your Agent Banking withdraw transactions up to UGX 50,000 • per day Zero charges on your ATM CenteVisa withdraw transactions up to UGX 50,000 per day,” the bank said in a statement. For instance, MTN charges Ugx 500 if you sent Ugx 500 which is 100% charge on transaction well as if you Ugx 250,000 they would charge only Ugx 1,400 which is a mere 0.56%. googletag.defineSlot('/21628385849/Content-300x250-top3', [300, 250], 'div-gpt-ad-1592740172700-0').addService(googletag.pubads()); If you want to replace a faulty card, GT Bank, Housing Finance Bank, Exim Bank, Orient Bank, NC Bank and KCB will do it for free. Therefore you are wiser sending larger sums of money at once. I'm serving at Centenary Bank on a monthly basis can qualify for a loan and if he was the minimum maximum amount I can qualify for and the period uh census if you are asking about the cinema loan the minimum period is 1 month and the maximum period. Officials said on April 15 that customers can also withdraw Shs 50,000 at CenteAgent locations and using ATMs countrywide at no … Low fees, bank-beating exchange rates and nothing for your recipient to pay; The money will be available the next working day; Make an international money transfer to Centenary Bank in Uganda. No charges at all; Interest of up to 10%, for balances of up to OGX 100-499M, negotiable for balances above 500M; Can borrow up to 100% against the deposit; Attractive interest rates lower than prevailing bank rates. This will help minimize chances of contracting and spreading COVID-19,” said Lugalambi. Centenary Bank waived off charges for account to mobile wallet transfers for any amount using its CenteMobile banking platform, while customers can also withdraw up to Shs 50,000 at CenteAgent locations and using ATMs countrywide at no charge. In a statement issued on Tuesday, March 24, 2020, the Catholic Church-owned commercial bank also announced that it has revised CenteMobile loan limits as from UGX2 milion to UGX 5 million. Standard Chartered Bank, United Bank for Africa Uganda (UBAU) and dfcu are among those charging lower PLR at 20%. Buy airtime at free of charge; Minimum Requirements. Every agent has an agent number written on a poster which also has transactions charges. Requirements. Tropical Bank charges between sh300 and 500, while Crane Bank has the highest charge at sh2,000 per deposit. During his tenure with Centenary Bank he collaborated on several consultancies with DANIDA, USAID, DFID, GTZ, CRS, UNCDF and AFD. The bank has also increased its CenteMobile loan limit and repayment period from Shs2 million to Shs 5 million for a period of 1 to 3 months, respectively to enable customer’s access funds quickly with no hassle. … Customers can check the bank’s social media pages, website or YouTube channel for details on how to self-register and reset PINs. “In view of the current situation in the country and the globe on the Coronavirus (COVID-19) pandemic, we have reduced our charges on selected services: Zero charges on your account to mobile wallet of up to UGX 30,000 per day. These include;- Steven Zziwa a banking officer at Centenary Bank – Bwaise branch, Nasir Doka the supervisor at the same branch, Diana Musisi Namubiru the branch assistant manager, Annet Nalumansi a banking … 40 private hospitals accredited to conduct Covid-19 tests. Financial institutions have in recent years embarked on the journey to financially include more Ugandans by continuously exploring n Funds are instantly disbursed to the customer’s bank account. Centenary Bank Uganda current account opening features, charges and interest rates are as explained below. If one forgets their CenteMobile PIN, it is also possible to reset the PIN using the USSD code or the App. It all started on January 16 with a customer identified as Angella Caroline Idoot threatening to sue Centenary Bank for illegally deducting money from her account … She said: “Our bank has taken additional measures to ensure the safety of our customers during this period, these include availing sanitizers, water and soap at entry point of our premises and providing protective gear to staff as they continue to serve our esteemed customers.”. 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