Our Banking Services

Retail Banking

The Retail Banking Operations provided by the Bank are:

Savings Accounts

Individual Accounts

The following are the requirements for opening an Individual Savings Account
• Two Completed Signature Cards.
• Four recent colored passport photographs each of authorized signatory duly endorsed by the account holder.
• Completed account opening package (To be provided at the Branch Office).
• In case of joint accounts, Signature cards are to be completed by all signatories with signing instructions e.g. “Both to sign”, or “Either to sign” or “Any two or three to sign,” clearly.
• In case of minors, four passport photographs should be included in the
mandate.
• Provision of Means of identification i.e Voters Card, National ID Card, International passport, Driving License,

click Here for online Account Opening Application

Partnership Accounts

The following are the requirements for opening a partnership savings Account.
• Two Signature Cards (to be completed by Authorized Signatories).
• Copy of Registered and Executed Partnership Agreement to be submitted.
• Registration of Business (if the partnership operates under a Business Name).
• Four (4) recent passport photographs each of the Authorized Signatories (colored passports).
• Registered Address of the Business to be given.
• Copy of Resolution appointing the Bank as Bankers to the partners.
• Completed letter of set-off.
• A Completed Account Opening package (Available at Branch Offices).
• Provision of Means of identification i.e. Voters Card, National ID Card, International passport, Driving License, Utility Bills etc.

click Here for online Account Opening Application

Corporate Savings Accounts (Companies and Government Parastatals)

The following are the requirement for opening a Corporate Savings Accounts
• Board Resolution appointing BOA as Bankers and requesting for an Account to be opened.
• Two completed signature cards
• Copy of memorandum and Articles of Association (In case of Limited liability Companies) and copy of Certificate of Incorporation.
• Four (4) recent colored photographs of each signatory.
• Provision of Means of identification i.e. Voters Card, National ID Card, International passport, Driving License, Utility Bills etc.
• Completed Account package for others.

click Here for online Account Opening Application

Clubs, Societies and Voluntary Organizations Savings Accounts (Informal Associations)

The following are the requirements for opening Clubs, Societies and Voluntary Organization Savings Account
• Two Signature Cards (To be completed by the Authorized signatories).
• Certificate of Registration obtained from the Ministry/Agency responsible for Co-operative Societies; (for sighting and photocopy for records).
• Four (4) recent colored passport photographs of each Authorized Signatory.
• Resolution from the Clubs, Societies or Organizations Executive Committee requesting opening of Account with Bank and specify signatories.
• Completed Letter of set-off.
• Provision of Means of identification i.e Voters Card, National ID Card, International passport, Driving License, Utility Bills etc.
• Completed Account Opening Package for others.

click Here for online Account Opening Application

Fixed Deposits

By Savings Account Holder

• A letter requesting for the opening of the account and instructing a Branch to transfer an account from the customers existing account In the Branch.
• A cheque drawn on the Customer’s Account in another branch or bank in favor of the applicant, the proceeds of such a cheque must have been obtained before the tenor becomes effective and Deposit Certificate is issued.
• Cash deposit.
• Completed Fixed Deposit Account Opening Form and letter of the set off.
• Two completed signature Cards.

By Non Savings Account Holder

• A letter requesting for the opening of a Deposit Account.
• Other requirements specified in “By savings account holder”

Liberty Savings Account (LISA)

This is a type of savings account specifically for individual women in agriculture, Agro allied and Retail trade. Below are the requirements for opening a LISA account
• Two Completed Signature Cards.
• Four recent colored passports photographs each of authorized signatory duly endorsed by the account holder.
• Completed account opening package (in the Branches).
• Provision of Means of identification i.e. Voters Card, National ID Card, International passport, Driving License, Utility Bills etc.

Micro Enterprise Savings Account (MESA)

This type of servings account is for customers in micro enterprise and cooperative group to enable them have a steed and regular income. Below are the requirements for opening an MESA Account.
• Two Completed Signature Cards.
• Four recent passport photographs each of authorized signatory duly endorsed by the account holder (colored passports).
• Completed account opening package.
• In case of joint accounts, Signature cards are to be completed by all signatories with signing instructions e.g. “Both to sign”, or “Either to sign” or “Any two or three to sign,” stated clearly.
• Provision of Means of identification i.e. Voters Card, National ID Card, International passport, Driving License, Utility Bills etc.

Open An Account with us!

Corporate Account Form. Download

Individual Account Form. Download

 

 

Disclaimer

Kindly  note that the Online Loan Application is not yet ready for use.
Customers or Users will be appropriately notified once the E-commerce/Banking portals are ready for use.
Customers should go to the nearest BOA Branches for any form of transactions with the bank.

Please beware of impostors.