Terms, Conditions & Requirements
REQUIREMENTS
FOR OPENING SAVINGS ACCOUNT-PERSONAL
· Valid I.D Card: National
ID
Driver’s
License
Passport
·
Two
Passport Size pictures
· Utility Bill: Electricity
Bill, Water Rate, City Rates etc.
REQIREMENTS
FOR OPENING JOINT PERSONAL ACCOUNT (SAVINGS)
· Valid I.D Card for
both signatories: National ID
Driver’s License
Passport
·
Two
Passport Size pictures for each signatory
· Utility Bill:
Electricity Bill, Water Rate, City Rates etc.
REQUIREMENTS
FOR OPENING JOINT PERSONAL ACCOUNT (CURRENT)
· Valid I.D
Card: National ID
Driver’s
License
Passport
·
Two
Passport Size pictures for each signatory
· Utility Bill:
Electricity Bill, Water Rate, City Rates etc.
· Two Referees who
are current account holders of the bank or reputable individuals in society
REQUIREMENTS FOR OPENING PERSONAL CURRENT
ACCOUNT
· Valid I.D
Card: National ID
Driver’s
License
Passport
·
Two
Passport Size pictures for each signatory
· Utility Bill:
Electricity Bill, Water Rate, City Rates etc.
· Two Referees who
are current account holders of the bank or reputable individuals in society
REQUIREMENTS FOR OPENING FIRMS/BUSINESSES
(SOLE PROPRIETOR)
·
Certificate
of Business Name Registration - ACT NO. 18 2017
·
Certificate
of Business Registration ( The Business Registration Act 2007)
·
Certificate
of TIN Registration
·
Combine
application for registration of Sole Proprietorship, and, issuance of TIN and Municipal
License (Form A)
·
N.R.A
Domestic Tax Clearance Certificate
·
Certificate
of License ( Freetown City Council)
·
Two
Referees who are current account holders of the bank or reputable individuals
in society
·
Two
Passport picture of each signatory to the account.
·
Valid
I.D: Driver’s License
Passport
National I.D Card
·
Utility
Bill: Electricity Bill, Water Rate, City Rates etc.
REQUIREMENTS FOR OPENING CURRENT ACCOUNT
FOR FIRMS/BUSINESSES (PARTNERSHIPS)
·
Certificate
of Business Name Registration-ACT NO. 18 2017
·
Certificate
of Business Registration ( The Business Registration Act 2007)
·
Certificate
of TIN Registration
·
N.R.A
Domestic Tax Clearance Certificate
·
Certificate
of License ( Freetown City Council)
·
Two
Referees who are current account holders of the bank or reputable individuals
in society
·
Two
Passport size picture of each signatory to the account.
·
Partnership
Deed
·
Valid
I.D: Driver’s License
Passport
National I.D Card
·
Utility
Bill :Electricity Bill, Water Rate, City Rates etc.
REQUIREMENTS FOR OPENING ACCOUNT FOR NGOs, CLUBS,
ASSOCIATIONS AND SOCIETIES
·
Registration Certificate
of Voluntary Organizations
·
Minutes of the Last
Meeting resolving to open account at Rokel Commercial Bank .
·
Resolution – Details
are: Signatories to the account and mandate instruction (how to operate the
account)
·
Letter of Recommendation
from Ministry or Recognized NGO.
·
Two passport size
photograph of each signatory to account
·
Constitution
·
Identification of
signatories to the account – e.g. National ID card, Passport, and Drivers
License
·
Utility Bill of each
signatory to the account- Electricity Bill, Water Rate, City rates etc.
REQUIREMENTS FOR OPENING A LIMITED
LIABILITY COMPANY ACCOUNT
·
Memorandum and Articles of
Association which must be signed by the Master of Registrar of companies – copy
will be obtained
·
Certificate of Incorporation
·
License of the Company – Freetown
City Council
·
Certificate of Registration –
Corporate Affairs Commission
·
Board Resolution
·
Certificate of TIN Registration
·
N.R.A Domestic Tax clearance
certificate
·
Minutes of first Board meeting,
appointing Directors.
·
Introduction of Company - Solicitor
- Registrar
EITHER
- Accountant
·
Identification of each party to
account – National Passport, Driver’s license, National ID card etc.
·
1 passport size photograph of each
signatory to the account
·
Residential/Work permit for
non-nationals
·
Confirmation and proof of address
for the company and signatories i.e. Utility bill
Confirmation and proof of address
of Beneficial Owners i.e. Utility bill
·
Identification of Beneficial Owners
who have 10% and above shares
·
Two (2) Referees who are current
account holders of RCBank or reputable individuals in society.
·
Overseas Bankers report for
Signatories & Beneficial Owners out of jurisdiction
REQUIREMENT
FOR OPENING MDAS AND PROJECT ACCOUNTS
· Letter of authorization
for the opening of the account from the Accountant General’s Office
· Resolution –
Details are:
It was resolved to
open an account with us (what type savings or current) signatories to the
account and mandate instruction (how to operate the account)
· Recommendation
from the Ministry
· Project
documentations (if any)
· Two passport size
photograph of each signatory to account.
· Identification of
signatories to the account – e.g. National ID card, Passport and Driver’s
License.
· Two Referees who
are current account holders of the bank or reputable individuals in society.
·
Utility
Bill of each signatory to the account- Electricity Bill, Water Rates, City
Rates
REQUIREMENTS FOR
OPENING A CHURCH / MOSQUE ACCOUNT
·
Registration Certificate of Voluntary
Organization.
·
Recommendation from Ministry.
·
Minutes of the last Meeting where
it was agreed that an account should be opened at RCBank.
·
Name of two referees who hold
current account with RcBank or any reputable individual in society.
·
Proper identification for each signatory
to the account e.g: National ID card
Passport
Driver’s
License
·
Utility bill of each signatory to
the account - Electricity Bill, Water Rate etc.
·
One passport sized photograph of each
signatory to the account.
·
Minimum opening balance of Le 250,000.00
REQUIREMENTS FOR OPENING SCHOOL ACCOUNT
1.
The school’s registration
certificate.
2.
Letter from the Board of Directors
introducing signatories to the account.
3.
Valid form of identification for each
signatory to the account i.e. : Passport
Driver’s License
National I.D Card
4.
One passport size photograph of each
signatory to the account.
5.
The school’s prospectus.
6.
Minutes of the last meeting.
7.
Utility bill- Electricity Bill, Water
Rate, City Rate etc