Business
School Pay Collections
Say goodbye to long school fees queues!
Overview
This mobile and branch-based solution enables you to avail more options to parents and students paying fees, through MTN Mobile Money and Airtel Money or any of our agents or branch network.
School fees is paid directly on the phone without the need to print bank slips; all that is required is a student number, thus saving you the high stationery costs. It also allows for easier reconciliation as payments immediately reflect on the collection account.
Paperless COLLECTIONSPaperless fees collections reducing your stationery costs
INCREASED CollectionS Increase collection avenues for your school
FlexibILE COLLECTIONSPartial school fees payments possible
Account SweepsFree sweeps to your operational account
Interest PAIDAttractive interest paid on your average daily school fees balances
Digital INTEGRATIONIntegration for collections on the BOA Mobile App and MTN/AIRTEL Mobile Money
- Account opening/minimum balance - UGX 0
- Monthly management fees per month – Free
- Mobile money charges apply for mobile transactions payable by parents
N:B. All other transactions not included in the above list will be charged at the pay-as-you-transact fee.
Download our services and products pricing guide for more information.
Ways to Apply
OPEN A BUSINESS ACCOUNTFill out your secure business account application in under 20 minutes to get started today
Apply
Online
Online
Book an appointmentMeet with one our Relationship Managers at a branch, your office or virtually
Book
Now
Now
Call UsReach our Service team now to get quick help in signing up for our services
Call
0800 100 140
0800 100 140
Request call backOne of our Specialists will call you at a time of your convenience
Call
Back
Back
Guide
Compare Products
Interest Bearing Business Account
Single Fee Business Banking Account
School Fees Collection Account
Investment Club Account
Embassy/NGO Account
Pay as you go Business Account
Some products you might like
Interest Bearing Business Account
Sign up today for our Business Interest bearing account offering you the flexibility to access…
Term Loan
Do you need to expand your existing or acquire new business? Does your business need…
Letters of Credit
At BANK OF AFRICA, we help to ease your international trade transactions by issuing all…
Pay as you go Business Account
Your business does not have to pay for what it does not use. With our…
Insurance Premium Finance
Do you need to cover your family, car, house but are stuck with cost of…
