- Institutional Accounts
Account Features
- Open to registered organizations with clear governance structures.
- Allows multiple signatories, with withdrawal authorizations based on group mandates.
- Offers free over-the-counter deposit and withdrawal services.
- Provides access to institutional saving options, loan eligibility (based on performance), and financial advisory.
- Helps track funds securely for projects, salaries, operations, or donations.
Benefits
- Enhances accountability and transparency in fund management
- Safe and secure place to hold institutional funds
- Encourages structured saving and access to institutional credit
- Supports development goals, school operations, or religious missions
- Flexible signatory options for boards and leadership
Required Documents
- Valid registration certificate of the institution
- Constitution or governing document
- National IDs and passport photos of signatories
- Board resolution or authorization letter to open the account
- Completed account opening form
Fees
- No monthly maintenance charges
- No over-the-counter transaction fees
- Other fees may apply based on custom services (e.g., loan processing)
How to Open This Account
Visit your nearest Rwanyamahembe SACCO branch with your ID and passport photo. Fill out a simple application form and start saving right away.
- Explore Our Other Savings Accounts
Alternative Banking Channels
We believe that savings are the cornerstone of financial success. Our savings accounts empower you to take control of your financial future, plan for important milestones, and secure your family’s well-being. Here are some of the alternative banking channels
Mobile Banking
TO TRANSACT USING MOBILE MONEY
- Dial *165*6*3# on Mtn *185*7*3# On Airtel
- Enter Sacco ID (Sacco ID is MSACCO)
- Enter 1. to proceed
- Select 1. Deposit
If you would prefer a custom saving account with personal preferences
