Umma Account

A very special account for those empowering others.

Our Umma Account is a unique account for universities, charitable institutions and non-profit organizations that assist and support the livelihood and empowerment of the people of Somalia.

Key features & benefits

Key features and benefits

  • Dedicated Relationship Manager
  • Multicurrency account – USD, GBP and EURO
  • Access to international payments – Telegraphic Transfers (inward and outward)
  • Minimum Operating Balance of USD 100
  • Access to Internet Banking
  • No cash handling fee
  • Free monthly statements
  • Customized deposit slips for universities and schools
  • 50 leaf cheque book
  • SMS notifications

Requirements

Requirements

  1. Minimum opening balance – USD 100
  2. Board resolution/mandate authorizing opening of the account
  3. Certificate of registration/NGO Registration
  4. 2 passport size photographs for authorized signatories
  5. Copy of national ID/passport for authorized signatories
  6. Copy of national ID/passport for board members.
  7. Proof of location – P.O Box Number or Physical Address

Applicable Charges

  • Cheque book charge – USD 20

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