BANK
Bank

SACCO Account

Interested in:

SACCO Account

A special deposit account designed for the purpose of accumulating savings for financing their lending operations or future investment plans thus enabling them to realize their shared objectives and goals. It is designed for SACCOs that prefer a checking account.

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Benefits

Benefits

No monthly maintenance fees

No monthly maintenance fees

No monthly maintenance fee is charged to this account

Free withdrawals

Free withdrawals

Enjoy free withdrawals of your cash from the SACCO Account

Access to SACCO loans

Access to SACCO loans

SACCO members can access loans for projects or investments

Round the clock banking

Round the clock banking

Access to bpr Channels (iBank and Mobile Banking) allow you to access your account 24/7

What we need from you

  • Copy of the SACCO registration certificate issued by Rwanda Sacco Union.
  • Certificate Copy of SACCO byelaws
  • Minute and resolution to open account
  • A registered resolution defining the signatories and account opening mandate (if the SACCO is a registered company)
  • Certificate of incorporation if SACCO is a company

Rates and fees

  • Opening Balance - Rwf 100,000, USD100, EUR100, GBP100, KES10,000
  • Zero Minimum Operating Balance
  • Ledger Fee - Rwf 5,000, USD10, EUR5, GBP5, KES1,000
  • Zero account maintenance Fee
  • Cheque Book - Rwf 4,000 and equivalent for all FCY accounts
  • Bankers Chequ - Rwf 5,000 and equivalent for all FCY accounts

Interested in SACCO Account or have a question?