Below is a list of branches and contacts for Paramount Bank Kenya. We have also listed accounts and loans offered by the bank:
Paramount Bank Kenya List of Branches and Contacts
MAIN OFFICE
Sound Plaza – 4th Floor, Woodvale Grove, Westlands.
P.O. Box 14001 – 00800 Nairobi- Kenya
Email: info@paramountbank.co.ke
Telephone:
(+254) 20 444 9266/ 7/ 8
(+254) 20 444 2051 / 0723 564 254 / 0734 258 020
Priority Line: 0709 935 000
8am to 5pm, Mon to Fri
9am to 12:30pm, Sat
WESTLANDS BRANCH
Sound Plaza – Ground Floor,
Woodvale Grove, Westlands
P.O. Box 14001 – 00800 Nairobi, Kenya
Email: westlandsbranch@paramountbank.co.ke
Telephone: (+254) 723 564 254
0734 258 020 / 0735 445 506
0735 445 507
Priority Line: 0709 935 000
PARKLANDS BRANCH
Diamond Plaza, New Wing-Ground Floor,
Masari Road, Highridge
P.O. Box 13677 – 00800 Nairobi, Kenya
Email: parklandsbranch@paramountbank.co.ke
Telephone: (+254) 20 37534 84 / 85
0724 255 325 / 0733 600 119 / 0724 255 325
Priority Line: 709 935 000
KOINANGE BRANCH
Cianda House, Ground Floor,
Koinange Street, City Centre
Opposite the old location
P.O. Box 42363 – 00100 Nairobi, Kenya
Email: koinangebranch@paramountbank.co.ke
Telephone: (+254) 20 221 5467/ 8 / 9
0732 445 508 / 0732 445 590
Priority Line: 0709 935 000
NYALI BRANCH
Nyali Center – Ground Floor,
Links Road, Mombasa
P.O. Box 88775 – 80100 Mombasa, Kenya
Email: msabranch@paramountbank.co.ke
Telephone: (+254) 41 231 9635/ 6 / 8
0738 998 976 / 0728 606 652
Priority Line: 0709 935 000
ELDORET BRANCH
Karim’s Building – Ground Floor- Oloo Street
P.O. Box 4362 – 30100 Eldoret, Kenya
Email: eldbranch@paramountbank.co.ke
Telephone: (+254) 704 385 731
Priority Line: 0709 935 000
INDUSTRIAL AREA BRANCH
Ambaji House – Ground floor,
Dar es Salam Road
P.O Box 14001 – 00800 Nairobi, Kenya.
Email: industrialarea@paramountbank.co.ke
Telephone: (+254) 723 564 254
0734 258 020 / 0735 445 506
0735 445 507
Priority Line: 0709 935 000
KISUMU BRANCH
Tuffoam Mall
P.O Box 3788 – 40100 Kisumu, Kenya.
Email: kisumubranch@paramountbank.co.ke
Telephone: (+254) 709 935 000
(+254) 20 4449266/ 7 / 8
Priority Line: 0709 935 000
Paramount Bank List of Accounts, Account Opening Requirements and costs
Personal Current Account
Personal Banking Features
- Cheque book issuance
- Nil opening balance
- Nil minimum balance
- Unlimited number of withdrawals (free for the first 16 transactions)
- No cash handling fee
- Free monthly e-statements (on demand)
- Internet & Mobile banking access
- Direct deposits via our Paybill number 907950
Personal Banking Requirements
- Here are the requirements for opening a Personal Current Bank Account.
- Original ID/ Valid Passport/ Valid Alien Certificate
- Two recent colored passport photos
- KRA PIN Certificate
Personal Multicurrency Current Account (USD, GBP, EURO, CAD) (With Cheque-book Issuance)
Personal Banking Features
- Cheque book issuance
- Nil opening balance
- Nil minimum balance
- Unlimited number of withdrawals (free for the first 16 transactions)
- No cash handling fee
- Free monthly e-statements (on demand)
- Internet & Mobile banking access
- Direct deposits via our Paybill number 907950
Personal Banking Requirements
- Here are the requirements for opening a Personal Current Bank Account.
- Original ID/ Valid Passport/ Valid Alien Certificate
- Two recent colored passport photos
- KRA PIN Certificate
Paramount Purse
Paramount Bank’s Purse Account is designed to cater to the unique financial needs of women in Kenya. With its competitive deposit interest rates, zero account maintenance charges, and insurance benefits for balances above KShs. 1,000,000, the account offers a range of exclusive benefits.
Paramount Purse Features
- Competitive interest rates, with a minimum of 6.3% per annum, calculated daily and paid out monthly.
- Zero account maintenance charges.
- Minimum balance: KShs. 10,000/-.
- Flexibility to withdraw for up to two free withdrawals per month.
- FREE access to account through Internet and Mobile banking platforms.
- FREE credit card for deposits from KShs. 100,000.
- Access to senior executives at the bank for information or financial advice.
- No joining fee for the first 100 account holders.
- Complaints response turn around time within 24 hours.
- Priority Banking- “Paramount Purse” account holders to have access to dedicated staff to serve them at all branches nationwide.
Paramount Purse Requirements
Here are the requirements for opening a Paramount Purse Bank Account.
- Original ID/ Valid Passport/ Valid Alien Certificate
- Two recent colored passport photos
- KRA PIN Certificate
Paramount Junior Account
Paramount Junior Account is the perfect savings account for parents who want to secure their children’s financial future while enjoying peace of mind. Our Junior Account offers a range of features that cater to the unique needs of parents and their children, ensuring that they can save effectively and conveniently.
Junior Account Features
- Nil opening balance
- Nil minimum balance
- No Charges
- Available in KES, GBP, EUR & USD currencies
- Free banker’s cheque for school fees
- Free internal transfers within the branch network
- Unlimited free deposits
- Competitive bi-annual earning
- Internet & Mobile banking access
- Direct deposits via our Paybill number 907950
Junior Account Requirements
Here are the requirements for opening a Personal Current Bank Account.
- Original ID/ Valid Passport/ Valid Alien Certificate of the parents
- Two recent colored passport photos of both parents and child
- KRA PIN Certificate (parent)
- Birth Certificate of the child
Special Time Deposit Account
Features & Benefits
- Interest earning account
- No charges on account
- Interest paid monthly
- Access to the account at any of our branches
Personal Banking Requirements
Here are the requirements for opening a Special Time Deposit Account
- Original ID/ Valid Passport/ Valid Alien Certificate
- Two recent colored passport photos
- KRA PIN Certificate
Fixed (Term) Deposit Accounts
Features & Benefits
- Competitive rates of interest
- Fixed term periods with a minimum of one month (extendable)
- Selective deposit rates suitable for you
- Receipts provided
- Penalty on premature withdrawals
Personal Banking Requirements
Here are the requirements for opening a Fixed (Term) Deposit Account.
- Original ID/ Valid Passport/ Valid Alien Certificate
- Two recent colored passport photos
- KRA PIN Certificate
Diaspora Banking
Diaspora Banking Requirements
- Must reside abroad
- Valid Kenyan Identity Card or Passport
- Kenyan PIN Certificate
- Physical or Certified proof of address
- Duly signed FATCA form for USA Citizens
- Two passport photos
Diaspora Banking Features
Here are the features for the Paramount Diaspora Banking Bank Account.
- An optional Cheque book available in KES, USD, EUR and GBP for local payments.
- Diaspora account holder to transfer money from a Paramount Bank account to any M-PESA account and vice versa.
- Secure and flexible digital banking through Internet Banking and Mobile Banking accessible 24/7
- Online funds transfer in foreign currency accounts
- Competitive Interest Rates
- Investment Opportunities
- Dedicated Relationship Manager
- Access to Loan facilities and Mortgages
- Insurance covers
- Access to MasterCard
- Access to the banks pre-qualifies service providers; Real Estate
Business Accounts
Corporate/SME Current Account (KES)
Features
- Cheque book issuance
- Salary Processing
- Nil opening balance
- Nil minimum balance
- Unlimited number of withdrawals
- Minimum ledger fee of Kes 250/- and maximum of Kes 1,000/-
- Available in KES, GBP, EUR & USD currencies
- Withdraw at your convenience without notification or limits on the amount to draw
- Free monthly e-statements on demand
- Corporate Internet Banking Access
- Free internal account transfers
- Direct deposits via our Paybill number 907950
Banking Requirements
Here are the requirements for opening a Corporate/SME Current Account.
- Original ID/ Valid Passport/ Valid Alien Certificate of a minimum of 2 Directors as per the Articles & Memorandum of Association
- Two recent colored passport photos for each director
- Company PIN certificate
- Articles & Memorandum of Association
- Board resolution to open account
- Certificate of Incorporation or Registration
- PIN Certificates for the Directors
Corporate/SME Multicurrency Current Account (With Cheque-book Issuance)
Paramount Bank’s Corporate/SME Multicurrency Current Account offers businesses a range of features and benefits that cater to their financial needs. Whether you are a small business owner or a large corporation, this account offers flexibility, convenience, and cost savings that can help you manage your finances more efficiently.
Features
- Cheque book issuance
- Salary Processing
- Nil opening balance
- Nil minimum balance
- No cash handling fee
- Unlimited number of withdrawals
- Minimum ledger fee of Kes 250/- and maximum of Kes 1,000/-
- Available in KES, GBP, EUR & USD currencies
- Free monthly e-statements on demand
- Corporate Internet Banking Access
- Free internal account transfers
- Direct deposits via our Paybill number 907950
Requirements
Here are the requirements for opening a B. Corporate/SME Multicurrency Current Account.
- Original ID/ Valid Passport/ Valid Alien Certificate of a minimum of 2 Directors as per the Articles & Memorandum of Association
- Two recent colored passport photos for each director
- Company PIN certificate
- Articles & Memorandum of Association
- Board resolution to open account
- Certificate of Incorporation or Registration
- PIN Certificates for the Directors
Special Time Deposit Account
Features
- Interest earning account
- No charges on account
- Interest paid monthly
- Access to the account at any of our branches
Banking Requirements
Here are the requirements for opening a Corporate/SME Special Time Deposit Account.
- Original ID/ Valid Passport/ Valid Alien Certificate
- Two recent colored passport photos
- PIN Certificate
Fixed (Term) Deposit Account
Features
- Competitive rates of interest
- Fixed term periods with a minimum of one month (extendable)
- Selective deposit rates suitable for you
- Receipts provided
- Penalty on premature withdrawals
Call Deposit Account
Features
- Competitive rates of interest paid on a daily balance
- No charges on account
- Minimum period of 7 days
- Receipts provided
- Withdrawals with no notice period required
Paramount Bank List of loans, how to apply and interest rates
Overdraft Loans
Overdraft Loans Features
- Renewable every 12 months
- Interest on debit balance is accrued daily and debited monthly
- Available in BOTH Local and Foreign Currencies
- Available for BOTH Individuals and Companies
Ordinary Loan
Features & Benefits
- Short/Medium term loan
- Easy and affordable monthly instalments
- Repayment is on installment date
- Interest on loan balance is accrued daily
- Available in BOTH Local and Foreign Currencies
- Available to Individuals / sole proprietorships
Daily Balance Loan (DBL)
Welcome to Paramount Bank’s Daily Balance Loan (DBL), a short to medium term loan that is designed to help individuals and corporates meet their financial needs
Features & Benefits
- Short/Medium term loan
- Easy and affordable monthly instalments
- Deposit to loan account is open at anytime
- Interest on loan balance is accrued daily
- Available in BOTH Local and Foreign Currencies
- Available for Individuals / Corporates
Insurance Premium Financing
Features & Benefits
- 10 months term loan
- Easy and affordable equated monthly installments
- Repayment is on installment date
- Flat rate interest collected upfront
- Available for both Individuals and Companies
Mortgages
Features & Benefits
- Quick disbursement
- Affordable market interest rate
- Flexibility on repayment terms and conditions
Asset Financing
Corporate/SME Current Loans
Overdrafts
Features
- Renewable every 12 months
- Interest on debit balance is accrued daily and debited monthly
- Available in BOTH Local and Foreign Currencies
- Available for BOTH Individuals and Companies
Business Loans
Features & Benefits:
- Easy and affordable monthly installments
- Medium/Long term loan
- Repayment is on installment date
- Interest on loan balance is accrued daily Available in BOTH Local and Foreign Currencies
- Available for Sole Proprietorships / Companies
Trade Finance
(Letters of Credit, Guarantees, Documentary Collections & Foreign Exchange) –
Catering to both Importers & Exporters, our well-established portfolio of correspondent banks enables us to provide efficient Trade Finance Services to our clients. We offer Documentary Letters of Credit to all customers engaged in international business.
- Competitive charges/rates
- Effective Service including:
- Import Letters of Credit
- Export Letters of Credit
Guarantees
Our Corporate Guarantees are in both Local and Foreign currency.
- Competitive commission rates
- Speedy issuances
Documentary Collections and Foreign Exchange
Features and Benefits
- The Bank undertakes Documentary Collections on behalf of its Clients engaged in Import (Inward Collection) and Export (Outward Collections) Trade.
- We have a live connectivity to the Bloomberg Dealing System to facilitate the provision of competitive Foreign Exchange Rate.
- We offer both SALE and PURCHASE of Foreign Currency in USD, GBP, EUR, CAD, AED, CHF, JPY, CNY and INR and a full range of Forex Banking Products.
- Transactions handled include SPOT and FORWARDS
Corporate Credit Cards
These cards include the GOLD/TITANIUM and STANDARD credit cards, which are accepted in ALL MasterCard branded local and international locations.
- Free SMS and email notification on all card transactions
- Free SMS and email reminder on statement amount due and due date
- Free real-time online card account access
- Free email statement of accounts
- Cash advance at all MasterCard branded ATMs and locations
- International and Domestic use
- Ease of payment through auto-debit
- Supplementary card for spouse and children
- Corporate card issuance
- 24/7 Multi-lingual Customer Service (English, French, Arabic)