Below is a list of accounts to open at Sidian Bank, how to register your account ad charges for each account.

List of Accounts for Individuals

Nawiri Account

The Nawiri Account is a pay as you go account best suited for individuals and sole proprietors who are trading either as themselves or using a business name.

Target Market

• Individuals, Sole Proprietors, Joint Account Holders

Features

• One free monthly e-statement
• Available in KES, USD, GBP and EURO
• Free inward RTGS

Terms

• Nil opening balance
• Nil minimum balance
• Nil ledger fees
• Free deposits

Fees & Charges

• Over the counter (OTC) withdrawal fee of KES.100.00
• Inward EFT KES.100.00
• Outward cheque deposits at KES. 25.00 per cheque

Banking Channels

• Withdrawal at all Sidian Bank branches
• SidianVIBE (Mobile Banking)
• Online Banking
• Direct deposit to account via PayBill number 111999
• Aggregated PayBill and Till Number
• Sidian Visa Debit/Credit Card

Premium Savings Account

Set yourself a target and achieve it with the Premium Savings Account.

Target Market

• Individuals
• Joint Account Holders

Key Features & Benefits

• One free monthly e-statement
• Free inward RTGS
• Competitive interest rates
• No ledger fees
• Available in KES, USD, GBP and EURO

Terms

• Opening balance KES. 10,000.00, USD. 100.00 (FX equivalent of USD. 100.00)
• Minimum balance of KES. 10,000.00
• One over the counter withdrawal per quarter
• Not eligible for: cheque book, Sidian Visa Debit/Credit Card, SidianVIBE (Mobile Banking)

Fees & Charges

• One over the counter withdrawal per quarter charged at current tariff (KES.100.00)
• Additional withdrawals will incur a charge of KES.200.00 per withdrawal
• Inward EFT KES.100.00

Banking Channels

• Direct deposit to account via PayBill number 111999

Msingi Savings Account

Save for your child’s future with the Msingi Savings Account.

Target Market

• Children (Account Operated By Parent)

Key Features & Benefits

• 1 free bankers’ cheque per quarter
• One free monthly e-statement
• Free inward RTGS
• Competitive Interest Rates
• No ledger fee

Terms

• Opening balance KES. 5,000.00, USD. 100.00 (FX Equivalent of USD.100.00)
• Minimum Balance KES. 5,000.00

Fees & Charges

• Inward EFT KES. 100.00

Banking Channels

• Direct deposit to account via PayBill number 111999

Mshahara Account

A transactional account designed for salaried individuals with a flexible pay as you go structure.

Target Market

• Individuals
• Joint Account Holders

Key Features & Benefits

• One free monthly e-statement
• Available in KES, USD, GBP and EURO
• Free inward RTGS
• Free deposits

Terms

• Nil opening balance
• Nil minimum balance
• Nil ledger fees

Fees & Charges

• Salary processing fee KES.100.00
• Over the counter (OTC) withdrawal fee KES. 100.00
• Inward EFT KES.100.00

Banking Channels

• Withdrawal at all Sidian Bank branches
• SidianVIBE (Mobile Banking)
• Online Banking
• Direct deposit to account via Pay Bill number 111999
• ATMs
• Cheque book
• Sidian Visa Debit/Credit Card

Flexxy Account

Bundled account best suited for individuals and/or salaried individuals with frequent transactions, catered for by a one-off monthly fee.

Target Market

• Individuals

Key Features & Benefits

• One free monthly e-statement
• Dedicated relationship manager
• Available in KES, USD, GBP and EURO
• Free ATM withdrawals (at Sidian Bank ATMs)
• Free inward RTGS/EFT

Terms

• Opening balance KES. 10,000.00, USD. 200.00 (FX equivalent of USD. 200.00)

Fees & Charges

• Fixed monthly charge of KES. 750.00
• Free deposits

Banking Channels

• Withdrawal at all Sidian Bank branches
• SidianVIBE (Mobile Banking)
• Online Banking
• Direct deposit to account via PayBill number 111999
• Sidian Visa Debit/Credit Card

Charges 

• M-PESA Retail – As per the M-PESA tariff guide 
• M-PESA Super Agency – KES. 50.00 Amounts greater than KES. 100,000.00 – 0.1% of the value transacted 
• Country tariffs apply 

List of Accounts for business

Business Account

Best suited for limited companies, SMEs, corporates and sole proprietors.

Target Market: Partnerships, Sole proprietors and Corporate entities, SMEs

Key Features & Benefits

• One free monthly e-statement
• Free access to online banking platform
• Salary processing platform (charges negotiable)
• Dedicated Relationship Manager
• This product is available in KES, USD, GBP and EURO

Terms

• No minimum balance
• No limit to number of withdrawals and deposits per day
• Free inward RTGS

Banking Channels

• Online banking
• Aggregated PayBill and Till Number
• Withdrawal at all Sidian Bank branches
• Direct deposit to account via Pay Bill number 111999
• Sidian Visa Debit/Credit Card (Depending on Account Mandate)

Fees & Charges

• Opening balance of KES. 2,000.00, USD. 200.00 (FX equivalent of USD. 200.00)
• Ledger fee of KES. 300.00 (USD. 5.00) for the first 15 transactions and KES. 20.00 for each extra transaction.

Ungana Account

Ideal for investment groups, chamas or savings group with a common agenda to accumulate savings for investments.

Target Market: Investment Groups, Chamas or Savings Groups.

Key Features & Benefits

• One free monthly e-statement
• Group training (Investment related training offered by the bank)
• Available in KES, USD, GBP and EURO
• Free inward RTGS
• Cheque book
• Free deposits

Terms

• Minimum balance of KES. 2,000.00 (FX equivalent USD. 200.00)
• Opening balance of KES. 2,000.00 (FX equivalent USD. 200.00)
• No Ledger Fees

Banking Channels

• Withdrawal at all Sidian Bank branches
• Online Banking
• Direct deposit to account via Pay Bill number 111999

Signature Account

An interest earning current account best suited for businesses.

Target Market: Institutions, Sole proprietors and Corporate entities, SMEs

Key Features & Benefits

• Premium financing
• Competitive interest rates
• Free deposits
• Unlimited Withdrawals
• No bank charges if the account has average account balance above KES. 500,000.00

Terms

• No limit to number of withdrawals and deposits per day
• Free inward RTGS

Banking Channels

• Online banking
• Aggregated PayBill and Till Number
• Withdrawal at all Sidian Bank branches
• Direct deposit to account via Pay Bill number 111999
• Sidian Visa Debit/Credit Card (Depending on Account Mandate)

Project Account

A current account for project management committees, Government Entities, Institutions and NGOs.

Target Market: NGOs, Government Institutions and any other institution.

Key Features & Benefits

• One free monthly e-statement
• Free access to online banking platform
• Salary processing platform (charges negotiable)
• Dedicated relationship manager
• Available in KES, USD, GBP and EURO
• Free inward RTGS
• Inward EFT at KES.100.00

Fees & Charges

• Over the counter (OTC) withdrawal fee of KES. 100.00

Terms

• Nil opening balance
• Nil ledger fees
• No minimum balance
• No limit to number of withdrawals and deposits per day
• No cash handling for deposits

Banking Channels

• Online banking
• Aggregated PayBill and Till Number
• Withdrawal at all Sidian Bank branches
• Direct deposit to account via Pay Bill number 111999
• Cheque book

SME Banking

Business Account

Best suited for limited companies, SMEs, corporates and sole proprietors.

Target Market: Partnerships, Sole proprietors and Corporate entities, SMEs

Key Features & Benefits

• One free monthly e-statement
• Free access to online banking platform
• Salary processing platform (charges negotiable)
• Dedicated Relationship Manager
• This product is available in KES, USD, GBP and EURO

Terms

• No minimum balance
• No limit to number of withdrawals and deposits per day
• Free inward RTGS

Banking Channels

• Online banking
• Aggregated PayBill and Till Number
• Withdrawal at all Sidian Bank branches
• Direct deposit to account via Pay Bill number 111999
• Sidian Visa Debit/Credit Card (Depending on Account Mandate)

Fees & Charges

• Opening balance of KES. 2,000.00, USD. 200.00 (FX equivalent of USD. 200.00)
• Ledger fee of KES. 300.00 (USD. 5.00) for the first 15 transactions and KES. 20.00 for each extra transaction.

Ungana Account

Ideal for investment groups, chamas or savings group with a common agenda to accumulate savings for investments.

Target Market: Investment Groups, Chamas or Savings Groups.

Key Features & Benefits

• One free monthly e-statement
• Group training (Investment related training offered by the bank)
• Available in KES, USD, GBP and EURO
• Free inward RTGS
• Cheque book
• Free deposits

Terms

• Minimum balance of KES. 2,000.00 (FX equivalent USD. 200.00)
• Opening balance of KES. 2,000.00 (FX equivalent USD. 200.00)
• No Ledger Fees

Banking Channels

• Withdrawal at all Sidian Bank branches
• Online Banking
• Direct deposit to account via Pay Bill number 111999

Signature Account

An interest earning current account best suited for businesses.

Target Market: Institutions, Sole proprietors and Corporate entities, SMEs

Key Features & Benefits

• Premium financing
• Competitive interest rates
• Free deposits
• Unlimited Withdrawals
• No bank charges if the account has average account balance above KES. 500,000.00

Terms

• No limit to number of withdrawals and deposits per day
• Free inward RTGS

Banking Channels

• Online banking
• Aggregated PayBill and Till Number
• Withdrawal at all Sidian Bank branches
• Direct deposit to account via Pay Bill number 111999
• Sidian Visa Debit/Credit Card (Depending on Account Mandate)

Project Account

A current account for project management committees, Government Entities, Institutions and NGOs.

Target Market: NGOs, Government Institutions and any other institution.

Key Features & Benefits

• One free monthly e-statement
• Free access to online banking platform
• Salary processing platform (charges negotiable)
• Dedicated relationship manager
• Available in KES, USD, GBP and EURO
• Free inward RTGS
• Inward EFT at KES.100.00

Fees & Charges

• Over the counter (OTC) withdrawal fee of KES. 100.00

Terms

• Nil opening balance
• Nil ledger fees
• No minimum balance
• No limit to number of withdrawals and deposits per day
• No cash handling for deposits

Banking Channels

• Online banking
• Aggregated PayBill and Till Number
• Withdrawal at all Sidian Bank branches
• Direct deposit to account via Pay Bill number 111999
• Cheque book

What are the requirements of opening a personal account?

• Original Identity card or Passport.
• KRA Pin
• One Passport size photo

What are the requirements of opening a business account?

a) Limited Liability Company (Locally Incorporated & Resident in Kenya) – Incorporated under old companies act (Cap 486)

• Certificate of Incorporation
• Memorandum of Association
• Company PIN Certificate/ Tax Exemption Certificate as issued by the Kenya Revenue Authority
• List of Directors and Shareholders
• Annual Returns
• Board of Directors Resolution to open an account signatories & signing mandate
• Company & Directors KRA PIN
• Copy of National ID /Passport of Directors & Signatories
• Passport size colored photos for Director and account Signatories
• Proof of address
• Foreign nationals (resident in Kenya) – PIN Certificate/Entry Permit
• Foreign national (not resident in Kenya) – Declaration of non-residency status
• For US citizens/residents – completed W-9 tax form

b) Companies incorporated under the Companies Act, 2015

• Certificate of Incorporation /E-citizen certificate of Incorporation
• Form CR1
• Relevant CR Form i.e. Model Memorandum of Association
• All other documentation included 1 above

c) Sole-Proprietorship

• Business Name Permit
• Certificate of Registration /E-Citizen certificate of registration
• KRA PIN Certificate/Certificate of Exemption
• National ID/Passport
• One recent passport size photo
• Proof of address
• Initial Deposit
• Foreign nationals (resident in Kenya) – PIN Certificate/Entry Permit
• Foreign national (not resident in Kenya) – Declaration of non-residency status
• For US citizens/residents – completed W-9 tax form

d) Partnerships

• Certificate of Registration /E-Citizen certificate of registration
• Partnership deed/Letter
• KRA PIN Certificate/Certificate of Exemption
• National ID/Passport
• One recent passport size photo
• Mandate to open and operate account
• Proof of address
• Initial Deposit
• Foreign nationals (resident in Kenya) – PIN Certificate/Entry Permit
• Foreign national (not resident in Kenya) – Declaration of non-residency status
• For US citizens/residents – completed W-9 tax form

How to borrow a Sidian Bank Mobile loan (QLoan) on USSD?

• Dial *527#
• Select QLoan
• Select Request loan
• Enter the Amount you wish to borrow (must be within your loan limit)
• Select Source Account Number
• Enter your Sidian Bank mobile banking PIN
• Confirm the transaction and submit
• The loan will be deposited into your Sidian Bank Account

How to transfer money from M-PESA to a Sidian Bank account

• Go to your M-PESA menu
• Select Lipa na M-PESA
• Enter Paybill number 111999
• Enter the Sidian Bank account number you are transferring money to, enter the amount, and your M-PESA PIN and confirm to send money.

How do I load my Sidian Bank credit card?

• Go to M-PESA menu on your phone.
• Go to Lipa na M-PESA, Paybill option.
• Enter the banks business number (990832)
• Enter account number which is your card number.
• Enter amount.
• Enter M-PESA pin.

What is the maximum amount of money I can withdraw daily from the ATM?

• The maximum amount one can withdraw daily is Ksh 40,000 but this limit can be enhanced.

Is the Bank open on weekends?

• Yes, all branches are open on Saturday from 8.30am to 12:00pm.
• Majority of our branches open at 8:30am and close at 4:00pm on weekdays. However, there are branches that open for extended hours.