Business & Professional Services

• Are you looking for a solution to efficiently manage client funds while benefitting from reduced administration and the ability to automate transactions?
• Do you need the ability to hold funds on behalf of clients while earning competitive tiered rates of interest or paying interest only for the overdrawn/utilized amounts?
• Are your customers concerned about fewer and expensive collection points that are consequently affecting your ability to collect premiums and other related insurance dues?

Our range of multi-channel cash management solutions are tailored to ensure your firm efficiently manages and most importantly affordably collects all premiums and insurance-related dues. We also provide for pooling and sweeping options enabling the bank to pool your collections into a defined liquidity management structure and transfer to nominated accounts for management by the firm or bank’s treasury.

Discover our vast liquidity management solutions below.

Branch and agent collections

• Cash collection via tellers at 34 locations countrywide to the firm's nominated account
• Direct debit instructions enabled by EFT, inter-account transfers, standing orders, RTGS
• Cheque collection and processing to the firm's nominated account
• Cash collection via agents at over 200 locations countrywide

Mobile and internet banking collections

• Direct credit to the firm's nominated account enabled through mobile and internet banking through any of the following transaction types - EFT, RTGS, standing order or direct credit
• With our internet and mobile banking services, you can also securely monitor and control your accounts, make inter/intra-account transfers, view all your banking information from anywhere without having to visit the bank

Transactional solutions

• Manage cash flow and keep control of your global firm’s finances with our multi-currency accounts – discover our single fee, interest-bearing, collections, and pay as you go solutions

Investor and custodial services

• Let us help you optimize your pooled funds to achieve your goals.
• Take advantage of our dedicated custodial and investor services team to manage your investments in government securities on the secondary securities market by offering you competitive options
• Access safekeeping and securities management services
• Get reconciliation and reporting support through a robust custodial management system

Payments

• Access multiple payments administration options for your service business to simplify all your payment processes
• Enjoy the ability to overdraw operational accounts to support quick payment processing based on your firm's business cycle
• Accelerate your internal procurement, simplify your business spending, reduce paperwork, streamline business travel expenses and administrative costs with our Business VISA card
• Automated processing: Ease your firm's payments processes with our bulk project and business payments system through the bank’s integrated solutions hosted on the internet banking platform

Foreign exchange

• Get a free electronic trading platform with dedicated support from the Bank’s treasury team
• Carry out foreign exchange transactions at your convenience
• Lookup rates and market data through our electronic trading platform
• Get access to pre-and post-trade decision-making tools
• Benefit from the expert analysis of BOA Dealers

Several project and operation related costs amid season downturns can stifle your service business cash flow when you need to deliver on multiple clients’ needs. Besides, emerging technology and equipment costs increase exponentially as you grow requiring significant capital injections.

Our financing solutions are built with your firm in mind. We come in as partners to further your vision in an affordable and responsible manner.

Discover our affordable financing solutions for professional and business services firms below:

• Bidding: Bidding for provision of professional or business services? Talk to us for our highly discounted all-inclusive guarantee pricing available in both UGX and USD denominated facilities
• Project payouts: Meet project and other client planned payouts without any delays with our overdraft facilities on your operational account – discover our overdraft solutions. Book an appointment here to meet with our Corporate Banking teams
• Working capital: Finance your firm’s working capital requirements for operations, payroll, inventory, receivables and more. See our working capital solutions
• Asset acquisition: Are you looking to import some materials, office equipment but are unable to meet the capital-intensive purchase, tax and transport cost requirements? Improve your payment terms or reduce your cost of funding with your overseas supplier – discover our letters of credit, import finance, asset finance and import bills of collection solutions.
• Business expansion: Are you looking to acquire new premises for your services business? Discover our commercial mortgage solution to support your growth ambitions
• Insurance premium payments: In your profession, we are aware of the need for professional indemnity, among other specific insurance needs you may require to provide your services. Discover our insurance premium finance solution with the best rates in town. Protect your cash flow by eliminating the need to pay your premiums up front

Our professional and business services Banking model is for all your stakeholders. No matter the level, we will help make it easy to access world-class financial services for all your stakeholders.

Discover our banking options for your stakeholders below:

• Personal banking - Our Corporate Personal Banking service is an exclusive relationship-based offer to partners, directors, senior management, and other personnel of your company. Your Corporate Personal Banking Relationship Manager compliments your business relationship with us and makes it easier for you to manage all your finances together. Our assistance ranges from management of payroll services, pension plans, Group insurance to personal loan requirements. Discover our special rates on our personal banking suite.
• Suppliers - Your suppliers and contractors will benefit from our competitive trade finance solutions as they undertake various projects for you and the community. These solutions to them also save you the significant cash flow requirements you need to ensure they deliver on time. Discover our Business Banking opportunities.