A versatile, creative financial solution that provides hassle-free banking to government departments in the most convenient way.

The Kush Bank Government Account is tailor-made and suitable for government related bodies and agencies. Your ease when transacting is assured with dedicated relationship managers and a dedicated treasury manager.

Requirements:

  • Certified copy of the constitution, rules or by-laws
  • Certified copy of the certificate of registration or exemption certificate
  • Certified copy of board resolution
  • List of registered officials
  • Certified copies of national ID’s or passports of officials and/or signatories
  • Passport size photographs for officials and/or signatories
  • Certified copy of utility bill/tenancy agreement for the organization and for each signatory
  • Government registration for the department/agency
  • Introduction letter signed and stamped by the main government body

Features:

  • Nil charges on cheque books, interim statements and incoming telegraphic transfers
  • Nil cash handling fees
  • No operating balance on both local and foreign currency accounts
  • No ledger fees on both local and foreign currency accounts
  • Nil charge on withdrawal and deposit of both SSP and foreign currency cash
  • Free internal transfers from one account to another within Kush Bank
  • Free incoming wire transfers
  • No minimum operating balance requirement
  • Free banker’s cheques

Concessions:

  • Preferential exchange rates for foreign currency conversions in all major currencies
  • Reduced handling charges on deposited foreign currency cheques drawn abroad
  • Reduced charges on SWIFT transfer sent abroad
  • Low opening balance
  • Concessionary rates on outgoing telegraphic transfers