Important Notice
You need to read this Document in its entirety and sign on each page to authenticate your acceptance.
These General Terms and Conditions apply to accounts you maintain with us, I&M Bank Limited (herein referred to as the “I&M Bank” Bank, We, Us, Ours”). This agreement takes effect when you sign the account opening application or, if you have previously signed an account opening application, on the date your existing terms and conditions are amended by these General Terms and Conditions.
These General Terms and Conditions are in English. Any communications between you and us under these General Terms and Conditions will be in English. If you are in any doubt as to the meaning or effect of any of these General Terms and Conditions, we recommend that you seek independent legal advice.
The following terms and conditions are applicable to an Account and related transactions with the Bank identified below. The Customer’s signature on the Bank’s Account Opening Form(s) and applications, the subscription and/or usage of any service /product offered by the Bank and the conduct of any transaction with or through the Bank shall constitute acceptance of these Terms and Conditions, as amended from time to time.
As an individual or group of individuals acting in your personal capacity or running a small business as a sole proprietor; or two or more individuals operating a joint account in your personal capacities or running a small unincorporated business like a partnership or a company, you agree to abide by the Terms and Conditions and rules in force and the changes thereto from time to time relating to your account as communicated and made available on the Bank’s website.
You agree that the Bank before opening any account will carry out a due diligence as required under Know Your Customer guidelines of the Bank. You would be required to submit necessary documents or proofs, such as identity, address, photograph and any such information to meet with KYC, AML or other statutory/regulatory requirements. Further, after the account is opened, in compliance with the extant regulatory guidelines, therefore agree to submit the above documents again at periodic intervals, as may be required by the Bank.
Business Days In this Agreement and our agreements for particular products and services the term ‘business day’ means any day other than a Saturday, Sunday or public holiday in Uganda.