Below is the list of accounts to open at Access Bank Kenya, account opening requirements and costs:
List of Personal Banking Accounts
Individual Current Account
Features
- No account opening balance
- Minimum balance is KES 1,000
- Minimum ledger fee of KES 300, KES 50 per transaction
- Chequebook issued at KES 18 per leaf
- Cash handling charges ZERO
Hazina Account
Features
- Account opening balance/Minimum balance is Zero
- Cheque book issued at KES 18 per leaf
- No Monthly Maintenance Fees
Lawyer Account
Features
- Account opening balance KES 10,000
- No minimum balance
- Chequebook issued at KES 18 per leaf
- Minimum ledger fee of KES 300
- Cash handling charges: 0.20% for amount above KES 1,000,000.
Salary Account
- Product Features & Benefit
- No account opening balance
- No minimum balance
- No monthly maintenance fees
- Salary processing fee of KES 50
- 4% interest if no withdrawal is done in the year
- 3% interest subject to 1 withdrawal per quarter
- No interest if withdrawal is done more than once in a quarter
- Interest to be calculated on a minimum monthly average balance
Earlysavers Account
This product encourages parents to save for their children
Product Features
- Minimum operating balance KES 500
- 3% interest subject to 1 withdrawal per quarter
- No interest if more than 3 withdrawal is done in a year
- No Monthly Maintenance Fees
Students Account
This product promotes banking services to youths especially students in colleges, universities, tertiary, and other education institutions.
Product Features & Benefit
- Account opening and minimum balance is Zero
- 4% interest if no withdrawal is done in the year
- 3% interest subject to 1 withdrawal per quarter. No interest if withdrawal is done more than once in a quarter
- Free funds transfer for school fees payment within Kenya
- Automatic account conversion to a new account 24 months after the student completes school
- No Monthly Maintenance Fees
Target Savings Account
This is a contract account which allows customers to save towards specific projects.
Product Features & Benefit
- No account opening balance
- No minimum balance
- Interest to be calculated on a minimum monthly average balance
- 4% (p.a.) Interest rate
- No monthly maintenance fees
- Withdrawal is at the end of the tenor/ savings plan (minimum of 6 months)
Business Account
Mpower Biz Account
Product Features & Benefit
Opening and Minimum Balance KES 1000
Chequebook issued at KES 18 per leaf
Ledger fee:
flat rate fee of KES 1,000
Cash handling charges:
Zero (0)
List of Corporate Accounts, features and costs
Community Current Account
Product Features & Benefit
- Opening & minimum balance KES 1,000
- No account maintenance fee
- ATM Card Issued
- Free quarterly statements
- Chapaa Popote Service available
- Free Internet Banking
- Interest earning
- Free incoming standing orders
- Access to Hazina Microfinance product with up to Ksh.500,000 unsecured loan
Corporate Current Account
- Product Features & Benefit
- No account opening balance
- Minimum balance KES 1,000
- Cheque book issued at KES 18 per leaf
- Minimum ledger fee of KES 300, KES 50 per transaction
- Cash handling charges is zero.
Premier Current Account
Product Features & Benefit
- Opening balance KES 1,000
- Minimum balance KES 1,000
- Chequebook issued at KES 18 per leaf
- Ledger fee:flat rate fee of KES 1,500
- Cash handling charges: 0.20% above KES 500,000 Earn Interest on a min. monthly balance. Below 999,999 = 0%. Above1,000,000 = CRB – 7 = 2%
Premier Current Account
Product Features & Benefit
Opening balance KES 1,000
Minimum balance KES 1,000
Chequebook issued at KES 18 per leaf
Ledger fee:flat rate fee of KES 1,500
Cash handling charges: 0.20% above KES 500,000 Earn Interest on a min. monthly balance. Below 999,999 = 0%. Above1,000,000 = CRB – 7 = 2%
Kenya Education Sector Support Programme (KESSP) Account
- Product Features & Benefit
- Zero opening balance
- Minimum balance KES 1,000
- Chequebook issued at KES 18 per leaf
- No ledger fees
- No Cash Handling charges