Our Limited Liability and Partnership Current Account is designed for small & medium sized enterprises and corporations. It is an excellent account type suited to meet the banking needs of these company types.
The account type allows small and medium scale businesses seamlessly manage wire transfers (incoming and outgoing), secure payments, trade financing, payroll management, and cash/bills collections.
Benefits:
- 50 leafs checkbook
- POS machine
- Availability of E-commerce platform and bills collection systems
- Automatically sent digital bank statement on monthly basis
- Convenient and reliable incoming & Outgoing payments/remittances through Swift and other remittance channels and payment gateways.
- Convenient bill payments (Water, Electricity)
- Free access to our Economic updates, Business advice, workshops, and forums.
- Internet Banking
- SMS notifications of all transactions hitting your account
- Easy, 24/7 live chat with the bank support team through our website, WhatsApp and other Social Media platforms
- Eligibility for different financing products
- Trade financing products (LC, Bank Guarantees, etc.)
- Salaries processing and payroll management
- Foreign exchange deals
- Assigned relationship manager
Requirements
- Business owners’ /Directors’ valid, certified copy of National ID, passport, or any other ID document approved by the Central Bank of Somalia.
- A copy of memorandum and Article of Association of the business
- Business permit/license
- Business Physical Address
- Proper declaration and documentation of the customer’s source/volumes of income, nature of business and purpose of account opening
- Two passport size recent photos account signatories
- Account signatories’ valid, certified copy of National ID, passport, or any other ID document approved by the Central Bank of Somalia
- Request letter, resolution or extract of meeting minutes from the business owners/Directors requesting to open the said account and giving clear instruction regarding the account signing mandate
