RTGS is a mechanism for instant remittance of funds between parties with accounts in any bank within Uganda. The Bank handles payment transfers on behalf of its customers anywhere in Uganda.
Product Features
Account with bank needed
Transaction currency can be UShs or any major foreign currency.i.e. USD, EUR, GBP
Funds are transferred instantly in real time
Benefits
No cash handling risks
Certainty of the transaction
Fast transaction
No complicated processes
Requirements
Filled in RTGS transfer application form (for sending)
A current or savings account in the bank (for both sending and receiving)
Credit balance on account, adequate for the amount to be transferred (for sending)