With our Ultimate Ultra Salary Account you get a bank account that has bundled services and all the banking utilities you might need in one account.

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How it works

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What you get
  • Free salary processing
  • Free Life Insurance Cover
  • Free Salary Retrenchment Cover of up to UGX 2,000,000 for 3 months
  • Free cheque book
  • Free counter transactions
  • Free SMS alerts
  • Free Internet banking
  • Free ATM withdrawals
  • A worldwide accepted Visa Debit Card
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What you need to know
  • Minimum operating balance of UGX 200,000
  • Monthly ledger fee of UGX 25,500 if balances fall below UGX200,000
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What to bring when you apply
  • Identification document (Passport: mandatory for foreign nationals/National ID/Driver’s License)
  • Employment confirmation
  • Residential address confirmation
  • Postal address confirmation if any
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Exclusions for Retrenchment cover

A customer shall not be eligible for benefits under this policy:

  • If the life assured is self-employed or an employee of a family owned business and a member of the same family
  • In respect of unemployment occurring due to:
    • Resignation
    • The expiry of a non-renewable fixed term contract
    • A contract of temporary or casual nature
    • Fair or unfair dismissal in terms of the contract of employment
  • If the claim is as a result of pregnancy, childbirth or abortion
  • If unemployment is due to fraud, dishonesty or any illegal conduct on the part of the Life Assured
  • In respect of unemployment as a result of the life assured’s participation in any strike action, labour disturbance, unrest, political activity, civil commotion, public disorder or riot
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Claims process for Retrenchment cover

Customer fills in claims form and attaches all required documents and submits all to the branch manager within 30 days after the occurrence of the event in case of retrenchment.

Documents include:

  • Customer should adhere to the 6 months waiting period and salary must have hit his/her account for at least 6 consecutive months
  • Claim form duly filled by the life assured
  • Documentary proof of such retrenchment stating clearly the reason for the same
  • At least one original payslips in the last 5 months prior to loss of job
  • Bank statement for the life assured for the 3 months prior to the loss of job
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Toll free: 0800 222 333
Tel: +256 (0) 312 218 348



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