SME Savings
Account
Save and transact conveniently with free Mobile Banking, embedded funeral cover and access to loans.
Centenary Bank account required. Malawi residents only. Ts&Cs apply.
Balance
+MK4,980,660
MK183,250
interest earned
Since opening your account
Competitve Interest
Competitive interest earned on account balances
Funeral Cover
Comes with a funeral cover embedded in the account- Cover up to MK1,000, 000.
24/7 Account Acces
24/7 Access to your account, whenever, wherever. Transfer money (to Centenary/non-Centenary bank accounts and to Airtel & Mpamba Mobile Wallets), buy TNM and Airtel Airtime. Pay (Utility bills and MRA taxes).
Loan Access
Customers can access loans with this account. Terms and conditions apply.
Key Features & Benefits
- Initial account opening deposit is K20,000.
- Transacting 24/7/365 electronically through Flex Online banking platform
Funeral Cover
- Funeral cover of K1,000,000.00
- Free Mobile Banking
- Access to loans (Terms and Conditions apply)
Transparent pricing
Rates & Charges
| Card Tier | Monthly Charge | ATM Daily Limit | POS Daily Limit |
|---|---|---|---|
| VISA Classic | K9,360 + K813/month | K500,000 | K500,000 |
| VISA Silver | K10,625 + K800/month | K750,000 | K750,000 |
| VISA Gold | K25,000 + K1,500/month | K800,000 | K1,500,000 |
| VISA Platinum | K33,000 + K1,500/month | K1,000,000 | K2,000,000 |
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.
Ready to open your SME Savings Account?
Can't find the answer you're looking for? Visit a branch or contact our help desk.