Corporate Current
Account
Designed for companies with regular daily transactions — manage deposits, withdrawals, transfers and cheque payments quickly and conveniently.
Centenary Bank account required. Malawi residents only. Ts&Cs apply.
Payment Solution
A complete payment solution - arrange debit and stop orders against your current account to take care of regular monthly payments.
Cheque Facility
Customer can issue cheques anytime when funds are available in their account therefore making it convenient for them to make payments.
Access to Credit Facilities
Access to credit facilities on application and pre-approvals like overdrafts, to help meet your financial needs.
24/7 Web and Mobile Access
Customers have the freedom to access their accounts 24/7 using via Web or Mobile App. With our Flex Online solution, customers can do a funds transfer within Centenary Bank Limited, check their account balance, print their account statements, make bulk payments, and also book fixed deposits.
Key Features & Benefits
- Access to Asset Based Financing
- Term periods of 30 days, 60 days, 90 days and 180 days · 1 Month 3.50% · 2 Months 4.00% · 3 Months 5.00% · 6 Months Negotiable · 9 Months Negotiable · 12 Months Negotiable
- Access to credit facilities like overdrafts, asset-based financing, warehouse receipt financing, etc
- Transacting 24/7/365 electronically through Flex Online banking platform
Transparent pricing
Rates & Charges
| Fee | Charge |
|---|---|
| Monthly Service Fee | K50,700 |
| Monthly Internet Banking Fee | K5,600 |
| Bank Statement (per page) | K1,100 |
| Cheque Book — 50 pages | K36,000 |
| Cheque Book — 100 pages | K65,000 |
| Cheque Book — 200 pages | K105,000 |
Fees and charges are reviewed annually.
Getting Started
What you need to open this account
Bring along the documents below and you'll be banking in no time.
Identification
- Malawians: National Identity Card (including Driving Licence, Traffic Registration Card or Passport; or a letter from a residential Chief or District Commissioner in the absence of required verification IDs)
- Foreigners: Passport
Business Documents
- Valid Business Certificate
- Valid Business Permit for Foreigners
- Memorandum of Understanding
Supporting Documents
- Proof of Residence — Utility Bill or a sketch map and a letter from a Chief
Ready to apply?
Scan the code to download the application form, or tap the button below. You can also open this account at any Centenary Bank branch.
Fees and charges are reviewed annually.
Here's what people are saying
Centenary Bank's unwavering support and deep understanding of our business needs have propelled us to achieve ambitious goals and vision. Kamoto Investments commends the bank for their invaluable partnership in our journey towards success. With their steadfast support, we have accomplished remarkable milestones, grateful for their unwavering commitment.
Ready to open your Corporate Current Account?
Can't find the answer you're looking for? Visit a branch or contact our help desk.