Foreign Exchange Services

Our presence in East Africa enables I&M Bank to offer foreign exchange and remittance services using RTGS or SWIFT. We transact for SPOT and FORWARD foreign exchange services in the above-mentioned currencies and do specific vanilla derivatives like Currency SWAP’s for qualifying customers upon application and appraisal.

Coming soon

Our customers may also subscribe to our informative daily Treasury Newsletter for currency news, market updates, and foreign exchange trends. (Simply send an email to [email protected])

For Corporate and Business banking customers, the I&M Bank Treasury offers dedicated one-to-one Treasury relationship management to ensure seamless foreign exchange services and the best value for your firm. Talk to I&M Bank and you’ll love the difference in the foreign exchange value you shall receive.

Interact with I&M Bank for better foreign exchange value and services through our strategically located branch network, by telephone and our online channels including the I&M Bank mobile banking app; The I&M Bank I-Click Internet Banking portals to transact foreign exchange.

WITH EFFECT FROM - 01 April 2025
VALID UPTO - 30 April 2025

DEPOSIT RANGE (UGX)
5,000,000 - 50,000,000
50,000,001 - 250,000,000
250,000,001 - 500,000,000
500,000,001 - 1,000,000,000
ABOVE 1,000,000,000

1 MONTH 3 MONTHS 6 MONTHS 12 MONTHS
5.75% 6.75% 7.75% 8.50%
6.50% 7.75% 8.75% 9.50%
7.00% 8.50% 9.50% 10.25%
7.50% 9.25% 10.25% 11.00%
7.75% 9.75% 10.75% 11.50%

DEPOSIT RANGE (USD)
10,000 - 50,000
50,001 - 100,000
100,001 - 500,000
Above 500,000

1 MONTH 3 MONTHS 6 MONTHS 12 MONTHS
1.75% 2.50% 2.75% 3.00%
2.00% 2.75% 3.00% 3.50%
2.25% 3.00% 3.50% 3.75%
2.50% 3.25% 3.50% 3.75%

Note: These rates are for payment on maturity only