SME Business
Current Account
Flexible daily banking for business owners — open it solely or jointly with partners, clubs, associations or NGOs.
Centenary Bank account required. Malawi residents only. Ts&Cs apply.
Cheque Facility
Customer can issue cheques anytime when funds are available in their account therefore making it convenient for them to make payments.
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
- Subscription to USSD Flex Mobile and Flex Online Banking to transact anytime anywhere at your own convenience.
- 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 | K17,000 |
| Monthly Internet Banking Fee | K1,000 |
| 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 & Registration
- National ID for all signatories (including Driving Licence, Traffic Registration Card or Passport)
- Valid Business Certificate
Supporting Documents
- Proof of Residence — Utility Bill or a sketch map and a letter from a Chief
- Partnership deed for partnership accounts
For Clubs & Associations
- Constitution
- Minutes
- List of members
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 commitment drives business growth, as exemplified by Mrs. Getrude Umali's journey with Hope Farms. With streamlined loans and guidance, operations expanded, reducing costs and fueling Malawi's poultry industry. Centenary Bank empowers small businesses to thrive, creating employment and catalyzing economic growth.
Ready to open your SME Business Current Account?
Can't find the answer you're looking for? Visit a branch or contact our help desk.