Real Time Gross Settlement

Real Time Gross Settlement (RTGS)

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




  • No cash handling risks
  • Certainty of the transaction
  • Fast transaction
  • No complicated processes


  • 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)