Regulatory Alerts2022-06-01
Communication of Account Details for Commonly Used Accounts
The Bank of Uganda has issued updated account details for its commonly used accounts to address payment delays caused by inaccurate crediting information. The directive specifies correct account names, currencies, and transaction-specific numbers for twenty key accounts, including tax transfers, license fees, fines, and staff salaries. Supervised financial institutions must adopt these corrected account identifiers to ensure timely processing of taxes, license payments, and other transactions.
BANK OF UGANDA
OFFICE OF THE DIRECTOR BANKING
37-45 KAMPALA ROAD, P.O. BOX 7120, KAMPALA
DIRECT LINE: 256-414-233722 GENERAL LINE: 256-414-258441 FAX LINE: 256-414-259343 TELEX: 256-414-61059
CABLES: UGABANK Email: info@bou.or.ug Website: www.bou.or.ug
BAN. 306.2
March 29, 2022
All Chief Executive Officers Supervised Financial Institutions
Dear All,
Communication of Account Details for Commonly Used Accounts in Bank of Uganda Accounts
We have established that various payments destined to some of the commonly used accounts in Bank of Uganda have inaccurate account information that causes delays in crediting customers.
Accordingly, this is therefore to advise the correct account information for commonly used accounts in Bank of Uganda.
Your cooperation in this regard will be highly appreciated
(Signature) Valentine Ojangole Director Banking Department
Copy: Chief Accountant, Bank of Uganda Director Commercial Banking Department, Bank of Uganda Director National Payments and Settlements Department, Bank of Uganda
Attach……/
Mission: To Foster Price Stability and a Sound Financial System Vision: To be a Centre of Excellence in Upholding Macroeconomic Stability
| ACCOUNT NAME | CURRENCY | ACCOUNT NUMBER | TRANSACTION TYPE |
|---|---|---|---|
| TAX TRANSFERS FROM COMMERCIAL BANKS | UGX | 00341015800001 | TAXES |
| UGANDA REVENUE COLLECTIONS (USD) | UGX | 003300168400002 | TAXES |
| FINES AND PENALTIES | UGX/USD/KES/GBP/EUR | 099405004 | FINES AND PENALTIES |
| SALE OF CURRENCY NOTES AND COINS | UGX/USD/KES/GBP/EUR | 099405007 | PAYMENT FOR PURCHASE |
| BOU STAFF CHEQUES | UGX/USD/KES/GBP/EUR | 099161013 | RETURNED CHEQUES |
| FINANCIAL INSTITUTIONS ADVERTISING CHARGES | UGX | 099405053 | ADVERTISING FEES |
| FINANCIAL INSTITUTION LICENSES | UGX | 099405005 | LICENCE FEES |
| OTHER INCOME | UGX/USD/KES/GBP/EUR | 099405017 | PAYMENT FOR BID DOCUMENTS |
| PROCEEDS FROM SALE OF BOU ASSETS | UGX/USD/KES/GBP/EUR | 099405002 | PAYMENT FOR ASSETS PURCHASE |
| FOREX BUREAU LICENSES | UGX | 099405006 | LICENCE FEES |
| LICENCE FEES FOR PAYMENT SYSTEM PROVIDERS AND OPERATORS | UGX | 099405054 | LICENCE FEES |
| SUNDRY ACCOUNT | UGX/USD/KES/GBP/EUR | 099276035 | UNCLAIMED BALANCES UNAPPLIED |
| SALARY FOR BOU STAFF | UGX | 001200718000001 | SALARY FOR BOU STAFF |
| UNCLAIMED BALANCES ON ELECTRONIC MONEY ACCOUNT | UGX | 001200718000001 | UNCLAIMED BALANCES ON ELECTRONIC MONEY ACCOUNT |
| PROFESSOR EMMANUEL TUMUSIME-MUTEBILE FAMILY CONTRIBUTIONS | UGX | 099275044 | MUTEBILE FAMILY CONTRIBUTIONS |
| GOU DEPOSIT FOR LETTERS OF CREDIT | UGX | 001200318000000 | EXTENSION OF LCS AND OTHER CHARGES |
| GOU DEPOSIT FOR LETTERS OF CREDIT | EUR | 001200318260001 | EXTENSION OF LCS AND OTHER CHARGES |
| GOU DEPOSIT FOR LETTERS OF CREDIT | USD | 001200318400001 | EXTENSION OF LCS AND OTHER CHARGES |
| GOU DEPOSIT FOR LETTERS OF CREDIT | GBP | 001200319780001 | EXTENSION OF LCS AND OTHER CHARGES |