Sole Proprietor Business Current Account.

Be a step ahead

Sole Proprietor Business Current Account.

We know that Somalis are entrepreneurial by nature, and we have decided to help our people run their businesses efficiently with the Sole Proprietor Business Current Account.

  • 100 leafs checkbook
  • Automatically sent monthly digital bank statement
  • Convenient and reliable incoming & outgoing payments/remittances through Swift and other remittance channels and payment gateways.
  • Free standing orders set up, amendment and processing
  • Free access to our Economic updates, Business advice, workshops and forums
  • 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
  • Trade financing products (LC, Bank Guarantee, etc.)
  • Salaries processing
  • Business owner’s/Director’s 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 of the business
  • Business permit/license
  • Business Physical Address
  • Proper declaration and documentation of the customer’s source/volumes of income, nature of business and purpose of account opening
  • Two passport size recent photos of the sole owner and account signatories if they are different from the owner
  • Request letter from the business sole owner requesting to open the said account and giving clear instruction regarding the account signing mandate.

We are here for you!

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