Corporate Accounts

We cater for your innermost needs by giving you an array of banking options that suit your personality.

Banking made easier by caring for your needs

At UBA, we are constantly thinking about you! We create accounts tailored to your individual needs as a valued customer and are constantly developing new products and services to help make banking and life easier for you

ZMW Corporate Current Account

  • Opening balance of ZMW 5,000
    • Minimum operating balance of ZMW 0
    • Unlimited withdrawals per month
    • Maintenance fee of ZMW 50/month
    • Free inter-country deposits
    • Access to credit facilities – subject to an internal credit appraisal

• SMS/Email Alerts (optional) at 30 ngwee per alert

• Free e-Statements

• Free internet banking (U-Direct)

• 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)

How long does the account take to open? How many branches do you have? If I go below the minimum/operating balance, do I get charged?

Domiciliary Corporate Account

• Minimum Opening & Operating Balance – Corporate US$5000 Euro/ GBP2500 ZAR
5000
• Maintenance Fee – quarterly US$10 Euro/ GBP 10 ZAR 70 Withdrawal Fee Nil
• Cash Withdrawal Over Counter (regulatory limit) Limit of $5, 000 and equivalent per
day
• Deposit charges n/a
• Manager’s Cheque/ Draft issuance Flat Fee US$8 Flat Fee Euro/GBP 8 Flat Fee
ZAR 60
• Cheque Book issuance (1st Cheque) Free
• Cheque book issuance (subsequent books of 25 or 50 pg only) US$0.20 p/pg
US$0.20 equivalent p/pg US$0.20 equivalent p/pg
• Transaction Fees( Debit and credit) n/a
• Stop payment US$10 and equivalent
• Account closure charge US$20 and equivalent
• Off cycle statements US$5 per page and equivalent
• Monthly statements – collection in branch Free
• Penal rate-Overdrawn account (amount in excess) Base Rate + 5%

• 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)

Import Trade Finance (Letters of Credit)

• Establishment/ Extension (Per Quarter): 1% Min US$100 cash covered, 1.5%
Min US$100 Non cash covered
• Cancellation commission: $100.
• Other Amendments: $50
• Extension Period: $110
• Advising: 0.5% Min $ 135
• Confirmation: 0.5% Min $150
• Document Handling: 0.5% Min $120
• Discrepant Representation: $100
• Negotiation: 0.1% min $ 130
• Repayment: Contract performance/discharge

Secure mode of payment for international transactions as it protects both the
Importer and the Exporter

• Brief Business Profile
• Credit Facility Application Letter
• Audited Accounts for the last three years
• Latest Management accounts if audit Accounts older than six months
• Budget/Cash Flow projections for the duration of the facility as well as underlying
assumptions
• Aged Debtors and Creditors Analysis
• Description of Property being pledged as collateral as well as approximate value
• If to be secured through third party mortgage, attach consent documents for the
use of the security
• Bank Statements for the last 12 months if not a UBA customer
• Brief Profiles of Directors and Top 4 Key Management Staff
• Board Resolution to Borrow
• Proforma invoice indicating a trade agreement between the importer and the
Exporter
• Clients have to be suppliers of Service providers of one or more of the Bank’s
approved Counter parties

Term Loans

Interest: MPR + Margin
• Arrangement Fee: 1% Min ZMW 500
• Commitment Fee: 1% Min ZMW 500
• Interest above the Limit: MPR +10%
• Tenor: 365 days (Overdrafts) 1 year to 4 years Max (Loans)
• Collateral: 100% cash Cover, Landed Property, Corporate Guarantee,
Irrevocable domiciliation and assignment of contract proceeds
• Repayment: Contract performance/discharge

 • Access to Funds for working Capital
• Access to finances for long term investment

Brief Business Profile
• Credit Facility Application Letter
• Audited Accounts for the last three years
• Latest Management accounts if audit Accounts older than six months
• Budget/Cash Flow projections for the duration of the facility as well as underlying
assumptions
• Aged Debtors and Creditors Analysis
• Description of Property being pledged as collateral as well as approximate value
• If to be secured through third party mortgage, attach consent documents for the
use of the security
• Bank Statements for the last 12 months if not a UBA customer
• Brief Profiles of Directors and Top 4 Key Management Staff
• Board Resolution to Borrow

FAQ

14 days, with all documents and required information in place.

Bonds and Guarantees

• Commission: 2% Flat Rate.

• Sealing Fee: ZMW120 

• Tenor: 365 days 

• Collateral: 100% cash Cover

•Repayment: Contract performance/discharge

• Enhances Contract employer’s confidence in the contractor

• Clients have to be suppliers of Service providers of one or more of the Bank’s approved Counter parties

• Brief Business Profile

• Credit Facility Application Letter

• Audited Accounts for the last three years

• Latest Management accounts if audit Accounts older than six months

• Budget/Cash Flow projections for the duration of the facility as well as underlying assumptions

• Aged Debtors and Creditors Analysis

• Description of Property being pledged as collateral as well as approximate value

• If to be secured through third party mortgage, attach consent documents for the use of the security

• Bank Statements for the last 12 months if not a UBA customer

• Brief Profiles of Directors and Top 4 Key Management Staff

• Board Resolution to Borrow

FAQ

14 days, with all documents and required information in place.

Invoice Discounting / Receivable Financing

• Interest: MPR + Margin
• Arrangement Fee: 1% Min ZMW 500
• Commitment Fee: 1% Min ZMW 500
• Interest above the Limit: MPR +10%
• Tenor: 120 days
• Collateral: Counter party Confirmed Invoices
• Repayment: Contract performance/discharge

• Access to Funds for working Capital

•  Clients must be Suppliers to bank approved counter-parties
•  Brief Business Profile
•  Credit Facility Application Letter
•  Audited Accounts for the last three years
•  Latest Management accounts if audit Accounts older than six months
•  Budget/Cash Flow projections for the duration of the facility as well as underlying
assumptions
•  Aged Debtors and Creditors Analysis
•  Description of Property being pledged as collateral as well as approximate value
•  If to be secured through third party mortgage, attach consent documents for the
use of the security
•  Bank Statements for the last 12 months if not a UBA customer
•  Brief Profiles of Directors and Top 4 Key Management Staff
•  Board Resolution to Borrow

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