Associations, Clubs, NGOs and Trust Current Account

A transactional Cheque account for Associations, Clubs and NGOs

  • No minimum balance
  • Initial depositof MWK 30,000 which may be withdrawn
  • Customers can access funds from any NBS Service Centre
  • Interest is paid annually
Account opening requirements:

Clubs and Associations: letter of Introduction from community leaders (Pastor if it is a church group or chief if it is a community group), minutes of the meeting where the decision to open the account was made, constitution of the group, valid IDs for signatories – Passport, Driving license

NGOs: Certificate of Registration, Memorandum and Articles of Association/Constitution/Trust Deed, Details of Sponsor, Board resolution to open an account, Valid IDs for signatories – Passport, Driving license.