Service Information
Welcome to Business Banking
We offer smart solutions for entrepreneurs and business, and seamless banking solutions through innovation. While doing the right business the right way and through partnerships, we commit to find new ways to make dreams possible.
WHY BANK WITH US
As your partner in growth, we want to remain the anchor that uplifts our clients and helps them sustain the future success of businesses.
Business Linkages
Customized service a call away
Access to working capital
FEATURED BUSINESS BANKING PRODUCTS
Trade Club
Trade Club
Find market for your business, link to exporters & importers, get trade information or connect with other local, regional and international traders. This digital platform makes it possible for you to network with the right partners and grow your business to greater heights. A free platform that offers trade expertise with access to importers & exporters across 190 countries offering over 200 pages of trade information on both importing & exporting, customs information, market analysis and reports.
VISIT TRADE CLUB
SOME OF THE BENEFITS
Get Connections
Match you to importers & exporters across 190 countries based on your business interests
It’s Free
Access the platform at no cost. All you need is an internet connection.
Trade Expertise
Access market analysis, customer information and detailed reports on trade locally and internationally
Support
Our dedicated community managers are available to assist with your trade club needs
Business Current Account
Business current account official image
Manage your business conveniently and access a wide range of financial services and tailored transactional business solutions to help grow your business. With the business current account, you are able to make quick payments, transfers, keep audit trail and access business loans.
SOME OF THE BENEFITS
24 hour Support
24-hour business banking support through our Enterprise Direct Centre
Access to Loans
Access to temporary overdraft and other lending facilities.
Affordable
Zero charge on UGX deposit fees
Go Digital
Use Business Online to transact at any time, wherever you are without visiting the branch
WHAT YOU GET
Eligibility for temporary overdraft based on length of relationship (facilities)
No charges on UGX deposits
Access to Business Online
Access to a dedicated Business Banker
Access to our Enterprise Direct Centre for financial solutions
WHAT YOU NEED
Registration certificate
Trading licence
Declaration of terms
TIN number/ VAT number if applicable
Valid identity (National ID, passport and drivers’ licence)
Two (2) passport photographs
WHAT IT COSTS
An initial deposit of UGX500,000
Monthly management fees are UGX 36,000
View the pricing guide for all the rates fees
HOW TO GET IT
Contact the Enterprise Direct Centre on 0312226600, click on 'Apply Now' or e-mail us on enterprisediredug@stanbic.com. You may also visit a Business banker at your nearest branch
Enterprise Online
Enterprise online
Enjoy the ability to carry out business transactions online anywhere 24/7. Access real-time balances and statements, make payments, transfers, buy airtime and manage your business account without going into a branch
SOME OF THE BENEFITS
Convenient
Transact from anywhere, at any time using your computer, tablet or smartphone
Real time
Make Instant payments and transfer money from your business account at the touch of a button
Monitor
Access real time balances, statements and audit trail of your business account
Secure
Authorise transactions as soon as they come through on our secure Personal Identification Number enabled platform
WHAT YOU GET
Account viewing and Statements
Seamless transfers between your Stanbic accounts
Seamless payments to accounts at other banks
Multiple payments in one go, e.g. paying salaries
Segregation of duties (Assign different levels of authorisation to your staff, setting access and limits accordingly)
Audit trial of transactions
Service Requests
Is accessible on a computer, tablet or smartphone
24/7 support through our Enterprise Direct Centre.
HOW TO GET IT
Use the Enterprise Online link on this website https://ibanking.stanbicbank.co.ug/#/Enterprise to begin
OR
Contact the Enterprise Direct Centre on 0312226600 O
OR
Download the application form. On completing the form e-mail it to enterprisediredug@stanbic.com
SME Trader Account Pay Bundle
Pay as you go SME Acc
The SME Trader account offers benefits specifically for small businesses wanting to maximize their savings and grow their business. It is a pay as you go account with access to financial solutions that meet your specific business needs.
SOME OF THE BENEFITS
Best terms
4 free over the counter UGX cash withdrawals each month
Financial advise & support
Access to our Business Direct Centre for tailored financial solutions
Value for money
Deposit cash on your account free of charge
Visa card
A Visa debit Card linked to the account
WHAT YOU GET
4 free over the counter UGX cash withdrawals per month
Full E-banking options,
An ATM Card linked to the account
Free UGX cash deposits
Access to our Enterpise Direct Centre for financial solutions , financial advisory and support
WHAT IT COSTS
Opening balance of UGX 100,000
Minimum breach fee of UGX 10,000 if account falls below UGX 100,000
Monthly management fees of UGX 25,000
View the pricing guide for all the rates and fees
WHAT YOU WILL NEED
Registration certificate
Trading licence
TIN number/ VAT number if applicable
Valid identity (national ID, passport and drivers’ licence)
Two (2) passport photographs
HOW TO GET IT
Contact the Enterprise Direct Centre on 0312226600, e-mail us on enterprisediredug@stanbic.com or visit a Business banker at your nearest branch
Business Term Loan
Business term loan
A financial solution for covering temporary cash flow requirements with payments made directly from your current account even at zero account balance. It is a convenient short-term borrowing facility ideal for unplanned business expenses.
SOME OF MY BENEFITS
Support
24-hour business banking support through Enterprise Direct Centre
Insurance
We arrange affordable insurance from our trusted partners.
Great interest rates
Pay interest on what you use, NOT on the full amount on which the limit is set
Flexible terms
Choose between 1, 3, 6 up to 12 months to repay
WHAT YOU GET
The cash is available when you need it
You only pay interest on what you use, NOT on the full amount on which the limit is set (saving you interest)
Fluctuating interest rate which is linked to our Stanbic base rate.
We arrange affordable insurance from our trusted partners.
24-hour business banking support through Enterprise Direct Centre
HOW TO GET IT
Contact the Enterprise Direct Centre on enterprisediredug@stanbic.com, call us on 0312226600 or visit a Business Banker at any nearest branch.
WHAT YOU NEED
Business Legal documents
Business' financial statements, such as the income statement, balance sheet and cash flow statement
A 12-month cash flow forecast
Proof of equity contribution (shareholding in business) and the source of these funds
Business' bank statements for the past six months
Financial card
WHAT IT COSTS
Only pay interest on the amount you use
Working Capital Loan
Business working capital loan
Keep your business running with this advance to finance repeat orders
SOME OF THE BENEFITS
Support
24-hour business support through our Enterprise Direct Centre
Short Repayment Period
1 – 12 months to repay
Insurance
We arrange affordable insurance from our trusted partners for your loan.
Customized
Repayment frequency can be scheduled in weekly, monthly or quarterly intervals to suit your situation.
WHAT YOU GET
Your repayments are structured to suit your business' cash flow.
We Structure loan considering your business cash flow needs and the amount you have available for deposits.
The amount of the loan depends on your business’ confirmed projected cash flow.
Affordable insurance from our trusted partners.
24-hour business banking support through our Enterprise Direct Centre
WHAT YOU NEED
Business Legal documents.
Business' financial statements, including and income statement, balance sheet and cash flow
A 12-month cash flow forecast.
Proof of equity contribution and the source of these funds.
Business' bank statements for the past six months.
Financial card
HOW TO GET IT
Contact the Enterprise Direct Centre on 0312226600 or visit a Business banker at your nearest branch
WHAT IT COSTS
Prime + margin interest rates
Arrangement fees; 2% of the Loan Amount
Business Call account
Business call account
Funds are invested for an indefinite period of time at a fluctuating interest rate. You can withdraw the funds whenever you want with no period of notice required.
SOME OF THE BENEFITS
Competitive interest
High yield interest rates on your deposits
Multi-Currency
Available in all major currencies (UGX, USD, GBP, EUR)
Access anytime
Withdraw your funds at any time. No period of notice is required
No charges
Zero monthly management fees or transactional charges
WHAT YOU GET
Competitive interest rates on your deposits
No restriction on number of deposits and withdrawals
No period of notice of withdrawal is required
There are no transaction or management fees
Funds can be transferred from the Call account to current accounts
HOW TO GET IT
Visit any nearest branch to fix your funds
WHAT YOU NEED
Ugandan National ID (or passport if not a citizen)
You should have a transactional account with us
WHAT IT COSTS
No monthly charges
Withholding tax of 15%
Interest vary as the market dictates.
Contact our customer care centre on 0800250250 / 0800150150 for today’s rates.
Business online
BOL official
The Stanbic Business Online gives you a secure, and user-friendly online environment for your business transactions. Make local, foreign, third party, and multiple payments and transfers.
WHAT YOU GET
Transact on the go, anywhere around the World.
Make payments to third parties in local or foreign currency.
Make payments instantly or at a future date within 90 days.
Payments or transactions (EFT, TTS, RTGS) are cheaper on Business Online (BOL) than at the branch
Access your daily or monthly balances and statements
Negotiate foreign exchange rates on your payments and inter-account transfers.
Load third party beneficiaries and modify existing beneficiary information.
Combine multiple payments into a single entry through your account.
Decide how often you wish to receive statement updates
Download balance and statement information directly from the internet in a variety of formats, compatible with most Enterprise Resource Planning (ERP) and accounting systems.
Print all balance and statement information.
Self-service administration
Role-based security (ability to limit access or restrict operations) gives you the ability to allocate varying levels of access to specific individuals within your organisation. You decide who gets to see specific information and perform specific tasks.
E-mail alerts let you know when authorisation is required on transactions to keep your finger on the financial pulse of your organisation.
WHAT IT COSTS
Monthly Subscription fees Ugx 50,000
HOW TO GET IT
You must have a Business Banking account
Use the Business Online link on this website. https://www.businessonline.standardbank.com/bol/
For set up, contact the Enterprise Direct Centre on 0312226600, on e-mail - enterprisediredug@stanbic.com, or click on the 'Apply Now' button above
Flexipay
FlexiPay
A convenient payments and collection service that allows your customers to pay for goods and services using mobile money. This allows for efficient and robust cashless transactions with real time reconciliation and easy tracking
SOME OF THE BENEFITS
Real time settlement
Instant reconciliation both on yours and the customers side
Wider customer base
Any person with mobile money can make payments
Efficient
Operate multiple tills under one account for easy tracking
Secure
No risks caused by handling cash
WHAT YOU GET
Fast speed of transactions, to ensure a great service experience with no queues.
Low complexity of transaction few steps and screens to be followed by the tellers and customers in order to drive adoption.
Ensure safety of the payments platform.
Audit trail of the payment showing successful or unsuccessful.
Efficient and effective dispute and chargeback process.
Robust fraud management system, and process and continuous support to curb the same.
Easy access to the statement of transactions, and regular reports. Preferably automated
Efficient reconciliation and timely settlement of the transactions.
No charges for you, the merchant
WHAT IT COSTS
For you the merchant, No charges
For your customer, mobile money charges will apply
HOW TO GET IT
Visit your nearest Stanbic Bank branch or download the onboarding documentation from Download application NOTE: Link must be added here
Have these documents duly signed and return them to the Stanbic branch/agent for activation.
Download merchant application form here
Contact us on 0800251251 or email us on flexipaywalletug@stanbic.com
View Terms &Conditions
Contact Us NOW