Most universities are enrolling large numbers of students amidst dwindling budgets. This leads to reduced book- to student ratios. Makerere University started a Book Bank system to ensure availability of basic text books to students. The aim of this paper was to assess whether the Book Bank system was a viable strategy for enhancing access to reading materials in academic libraries with low budgets. Findings revealed that the Book Bank system was appreciated and 92% of the students used Book Banks. Concludes that the Book Bank is a possible strategy for enhancing access to reading materials in academic libraries with low budgets.