Frequently Asked Questions

You cannot open a zero balance account. An initial minimum deposit is required to open an account with Westmead UDC Bank.
The basic requirements for account opening are; An identification; this includes one (1) passport sized picture and a valid National ID (acceptable options; Voter ID, National ID, Driver’s License and International Passport) Proof of address; completion of address verification form. Applications are subject to status and internal checks.
Who can open an account with Westmead UDC Bank?
Any legally registered company, enterprise or institution can open an account Westmead UDC Bank.

What do I need to open this account?
You will need proof of company registration. That is; Certificate of registration and form A (enterprise or sole proprietorship) Certificate of Incorporation, Certificate to Commence Business and Form 3 (Limited Liability Companies) 5 years Audited Financial Statement or Letter of introduction from a Lawyer or Auditor
Investments can be purchased for a period not exceeding 12 months (1 year). That is, a minimum period of one (1) month and a maximum twelve (12) months.
Yes. Interest accruing from the investment will be paid into this account. Upon request by customer to discontinue investment or on maturity of the investment, funds will be paid into this account.
The bank reports its financial statement in the US Dollars (USD)

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