When joining college or university in Kenya,you should open a bank account. But you have to be careful when choosing account. Here I will name some of the best banks with best student accounts in Kenya.
KCB
KCB tops the list of banks with the best accounts. You need an ID or passport plus KRA pin to open the account.
Once you open one,there is no monthly fee. You will also be required to have opening balance of Ksh 100 and minimum balance of Ksh100.
Cooperative Bank
Youth Account (Young Ennovators Account)
Cooperative Bank is also another good bank for student accounts. The bank has branches across the country such that even if you are admitted to interior school, you will still be able to withdraw your money.
You need original and copy of your ID plus KRA Pin to open this account.
To open an account,visit any Cooperative Bank branch or download cooperative bank App and apply.
Equity Bank
Teen Member’s Account
Original and copy of the parent’s/guardian’s national ID or passport.
The original and copy of the teen’s birth certificate will also be needed.
The account will be opened in the teen’s name.
An account opening and operating balance of KSh 200 will be required.
Minimum opening and operating balance should be Ksh200. This means that your balance in the account should not be less than Ksh200.
Access Bank
I usually see many schools using Access Bank for fee payment, which means that it’s a good bank. Account opening and minimum balance is zero. You also earn interest of 4% per year if you don’t withdraw your money.
To open the account, present your National ID and KRA Pin.
NCBA Bank
NCBA is a good bank especially for people who want to invest their money and earn interest.Opening balance is Ksh500 ,there is no minimum operating balance.
With a National ID and KRA Pin,you will open the student account and enjoy the benefits.
Those are the best banks we have identified for opening students accounts in Kenya. Please don’t open account in a bank that does not have enough branches or where charges are high.
