Below are important details about M-Oriental Bank in Kenya;
M-Oriental Bank Paybill Number
Fast & convenient way to transfer money from Mpesa to your bank account through M Oriental Bank PayBill Number 986500
Steps:
- Use your Safaricom menu
- Select Lipa na Mpesa, PayBill Option
- Enter M Oriental Bank PayBill Number 986500
- Input the complete Customer Bank Account number (13 digits)
- Enter Amount & PIN
- Confirm the details then send.
- The sender & recipient will both receive an SMS alert from M Oriental Bank confirming receipt of payment.
M-Oriental Bank Branches and Contacts
| Branch code | Branch name |
| 000 | Head Office |
| 001 | Koinange Street |
| 004 | Nakuru |
| 005 | Eldoret |
| 006 | Kitale |
| 007 | Westlands |
| 010 | Mombasa |
| 011 | Sameer Business Park |
- Head Office
- Finance House, Koinange Street
- P.O BOX 44080-00100, NAIROBI, KENYA
- Tel:0111 030600
- Cell: 0733 333291, 0722 209585
- info@moriental.co.ke
M-Oriental Bank Accounts, features and requirements
School Fees Collection
With our current account tailored to meet the needs of learning institutions, we facilitate easy and convenient collection
Benefits:
- Free daily E-statements.
- Free cash deposits and withdrawals
- No minimum balance charges
- No restrictions on the number of transactions
- Interest on deposits
Account Opening Requirements:
- Letter of introduction from Ministry of Education or County Education Director.
- Minutes duly certified by the Chairman & Secretary authorizing the opening of account with MOB.
- Registered School.
- Copy of ID, KRA PIN and Passport photos of Signatories.
Fixed & Call Deposits
Fixed/Term deposits are deposit services where you can deposit money with the bank at a fixed term for an agreed contractual interest rate. The service is offered in various currencies i.e. USD, GBP, and EURO
Call deposits are deposits where you can place a deposit with the bank at agreed contractual rates with the option of drawing the deposits/funds at will.
Features:
- Competitive interest rates
- Can be opened in foreign currencies i.e. USD, GBP, and EUR
Account Opening Requirements:+
- Certificate of incorporation
- Memorandum & Article of Association
- Resolution from the Board of Directors to open an account and identification of those who have authority to operate the account
- Copy of the KRA pin certificate of the company
- Business permit
- Certificate of trading for public ltd companies/where applicable
- ID or passport for directors & signatories
- Introduction from existing customer /RM/BM /certification by the marketing staff
- Download Non-Individual Account Opening form
Savings Account
There are so many good reasons to save; A new home, a college fund for your child, or even a safety net for unexpected ‘rainy days’. That’s why our savings accounts are tailored to provide you with simplicity and convenience for all your needs.
Features:
- Minimum balance for normal Savings Account KShs.500/=
- Attractive Interest rates
- No minimum number of withdrawals in a month.
- No account maintenance fee
- Interest credited monthly on minimum balance.
Account Opening Requirements:
- Passport size Photo
- Identity card/ Passport
- Copy of KRA Pin Certificate
- Introduction form existing customer/RM/BM
- Proof of residence-Utipty bill /tenancy agreement/letter from employer/certification by marketing staff
- Work permit (non-citizens)
- Download Individual Account Opening form
Share Financing Savings Account
You don’t have to miss out on the opportunities to invest in shares. We provide innovative funding solutions for the acquisition of listed shares at the Nairobi Stock Exchange at 3 times the balance on your share finance account.
Features:
- Minimum balance for Share Financing Savings Account Kshs. 10,000/=
- The bigger the savings, the bigger the size of loan one qualifies for.
Account Opening Requirements:
- Passport size Photo
- Identity card/ Passport
- Copy of KRA Pin Certificate
- Introduction form existing customer/RM/BM
- Proof of residence-Utipty bill /tenancy agreement/letter from employer/certification by marketing staff
- Work permit (non-citizens)
- Download Individual Account Opening form
Personal Current Accounts
At M-Oriental Bank, we understand the market you operate in and we will help you grow by providing tailored solutions for the various stages of business you are in, through our personal current accounts attainable in major currencies (KES, USD, EUR, GBP)
Features:
- Opening balance Kes.1,000/=
- Cheque book as per tariff
- Free monthly statements
- Ledger Fee charges as per tariff guide
Account Opening Requirements:+
- Passport size Photo
- Identity card/ Passport
- Copy of KRA Pin Certificate
- Introduction form existing customer/RM/BM
- Proof of residence-Utipty bill /tenancy agreement/letter from employer/certification by marketing staff
- Work permit (non-citizens)
- Download Individual Account Opening form
Fixed & Call Deposits
Fixed Deposits
Fixed/Term deposits are deposit services where clients can deposit money with the bank at a fixed term for an agreed contractual interest rate. The service is offered in various currencies i.e. KES, USD, GBP, and EUR
Call Deposits
Call deposits are deposits where clients can place a deposit with the bank at agreed contractual rates, however, the customers can draw the deposits/funds without having to wait for the maturity period.
Features:
- Competitive interest rates
- Can be opened in foreign currencies i.e. USD, GBP, and EUR
Account Opening Requirements:+
- Passport size Photo
- Identity card/ Passport
- Copy of KRA Pin Certificate
- Introduction form existing customer/RM/BM
- Proof of residence-Utipty bill /tenancy agreement/letter from employer/certification by marketing staff
- Work permit (non-citizens)
- Download Individual Account Opening form
M-Oriental Bank List of loans,How to get the loan and interest rates
Overdrafts & Term Loans
Features:
- Loan repayments are up to 6 years.
- The Bank charges commitment fees of 1-2% charged per annum
- Acceptable securities to be offered by the clients
Asset Finance
Features:
- Financing of Assets not exceeding 6 years old.
- Repayment starts one month after disbursement.
- Asset purchased held as security.
Insurance Premium Finance
Features:
- Lending to persons or companies to cover the cost of an insurance premium.
- Competitive interest rates.
- Post-dated cheques held as security.
Trade Finance
Letters of credit
-
- Import letters of credit
This is a written undertaking by the Bank at the request of its customer, in which the bank is obligated to pay the supplier (beneficiary) up to a stated amount within a prescribed time frame, upon presentation of documents that conform to ALL the terms and conditions requested by the applicant.
-
- Export Letters of credit
Advising of an LC issued by the importer’s bank in favor of our customer locally at the request of its customer (the buyer) in favor of the seller where the issuing bank undertakes to pay.
- Back to back Letters of credit
- Transferrable Letters of credit
Bank Guarantees
This is a written, irreversible guarantee from us, assuring the beneficiary of payment in the case that our customer doesn’t fulfill their contractual obligation.
These cover;
- Bid Bonds
- Performance Bonds
- Advance payment guarantees
- Credit guarantees
- Financial guarantees
Trade Financing
- Pre-Shipment Financing
- working capital finance prior to shipment or delivery of goods.
- Post Import financing
- Negotiation
Bill Avalization
The bank confirms that the customer will honor a certain future payment by signing on a bill of exchange on behalf of its customer.
Documentary Collections
Receiving Import & Export documents on behalf of our customers.