FINCA UGANDA (MDI) LTD
(Licensed and Supervised by Bank of Uganda)
KEY FACTS DOCUMENT – DEPOSITS
THIS KEY FACTS DOCUMENT IS IMPORTANT TO YOU. IT SUMMARISES THE TRANSACTION YOU ARE CONSIDERING. PLEASE ONLY AGREE AFTER YOU HAVE READ, UNDERSTOOD AND AGREED TO THE CONTENT OF THIS DOCUMENT.
1.TYPE OF ACCOUNT: FINCA FIXED DEPOSIT ACCOUNT
2. AIMS AND BENEFITS: Enables individuals to save towards the realization of their dream and has low account management fees of 1,000.
3. TERMS AND CONDITIONS
a) Interest to be earned: 6% per annum. The interest rate is: Fixed
b) Duration: 6; End date: 8;
c) Account opening balance in Ugx: 0
d) Minimum balance in Ugx: 0
4. FEES, CHARGES AND PENALTIES
|Description of standard fees||Amount in Ugx|
|a) Withdrawal fees:|
|Over the counter (teller)||0|
|free withdrawals (fee applies after these)|
|b) Account statements
statements free of charge (fee applies after these) per month
|c) Balance enquiry||0|
|d) Administrative fees per month||0|
|e) Early termination penalty 3% on int.earned|
|Potential additional fees/charges|
|h) System alerts||0|
|i) SMS alerts (per SMS alert)||0|
|j) Account closure fees||0|
Depending on how you use the account, you may be charged any of the fees above, which will be directly deducted from your account. NOTE that while the common fees, charges and penalties are listed in the table above, there may be other fees, charges and penalties – you can find information on these on the tariff guides.
6. FURTHER POINTS TO CONSIDER
How to deposit money into your account: You can pay money into your account in any of the following ways: Over the counter through transfer from your savings account, EFT, or RTGs
How to take money out of your account: You can take money out of your account in any of the following ways: Over the counter through transfer from your savings account, EFT, or RTGs
Inactivity/dormancy: After (N/A) months of inactivity, an account will be considered inactive. You will need to visit our FINCA branch to reactivate your account. After 2 years of account inactivity, the account is considered dormant. To reactivate, a fee may apply. See 4 (fees).
Deposit protection: Your deposits are insured up to UGX 3 million by the Uganda Deposit Protection Fund. Please ask our staff for further details.
Tax implications: The current withholding tax / excise duty will be debited from your account.
Account closure: You may close your account at any time. To close your account write to our FINCA Branch Manager. If you close your account, there will be a charge for doing so (see 4j) and the account will be closed after 14 days. If this is a fixed deposit account, early termination may result in losing interest accrued.
How to complain: If you are dissatisfied with our services, we welcome you to communicate this to us at customer care help desk on toll free number 0800 262262 . We will acknowledge receipt of your complaint, investigate and give you an answer within two weeks.
Where can I find out more? If you want more information on this deposit product or the terms used in this KFD, please contact us on toll free number 0800 262262 or email at email@example.com or visit our website at www.FINCA.ug
Future communications: It is important for us to be able to communicate with you. Below, please tick at least two preferred means of communication and provide details (and update us in case of any changes):