NGO’s Accounts

Be a step ahead

NGO’s Accounts

We understand the unique needs of the NGOs which are ranging from processing incoming payments to local disbursements, reporting and keeping transactional records.

At Idman Community Bank, we have a customized current account for NGOs to help meet their unique needs.

  • 50 leafs checkbook
  • Salaries processing and payroll management
  • Automatically sent digital bank statement on a monthly basis
  • Certified account statements (For audit purposes)
  • Convenient and reliable incoming payments/Swift transfers
  • Batch payments and donations’ disbursements
  • Internet Banking
  • SMS notifications of all transactions hitting your account
  • Easy, 24/7 live chat with the bank support team through our website, WhatsApp and other Social Media platforms
  • Directors’ valid, certified copy of National ID, passport or any other ID document approved by the Central Bank of Somalia
  • A copy of memorandum and Article of Association
  • Registration/permit to operate or license from the concerned government authorities
  • Physical Address of the organization
  • Two passport size recent photos of the account signatories
  • Account signatories’ valid, certified copy of National ID, passport, or any other ID document approved by the Central Bank of Somalia
  • Request letter, resolution, or extract of meeting minutes from the organization directors requesting to open the said account and giving clear instruction regarding the account signing mandate.
  • Proper declaration and documentation of the Organization’s source/volumes of income, nature of business and purpose of account opening

We are here for you!

The bank follows Shari’ah Law which seeks a “just” and “equitable” distribution of resources.