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Category: BANKING

  • Banks with best Savings Accounts in Kenya and highest interest rates

    Banks with best Savings Accounts in Kenya and highest interest rates

    Here is a list of banks with the best savings accounts in Kenya:

    KCB Bank

    Access loans

    Get up to 100% of your savings in loans

    Flexible savings period

    Lock savings for the desired period of time between 6 months and 5 years.

    Free Standing Orders

    Transfer money into the account monthly at zero charges

    Unlimited Goals

    Open multiple Goal Savings accounts as desired, for multiple goals.

    Competitive interest rates

    Earn the best interest in Kenya on your savings.

    Save for Longer

    Roll over your savings once your initial savings period is over

    What We Need From You

    • Valid Kenyan ID or passport
    • Your KRA PIN certificate

    Account Rates & Fees

    • Opening balance – Kes 1000.
    • Zero monthly fees.

     

    Balance Range Current Price
    Kshs 1 – 100,000 4%
    Kshs 100K – 500K 4.5%
    Kshs 501K – 1M 5%
    Kshs 1M – 10M 6%
    Kshs 10M – 20M 6.5%
    Kshs Above 20M 7%

     

    National Bank

    Ahadi Savings

    What is required

    • Your original and copy of your ID/passport
    • 1 passport photo (taken at the branch)
    • PIN certificate
    • Proof of address/source of funds

    Rates and fees

    • Opening & minimum balance of KES.1,000/=
    • Interest applied every quarter at a tiered rate of up to 5% per annum
    • Zero ledger fees
    • Free over the counter withdrawal

    Vision Savings

    What is required

    • Original and copy of guardian’s National ID/Passport
    • Birth certificate/notification of birth of child
    • 1 Passport photo of the guardian/parent (to be taken at branch)
    • PIN Certificate of guardian/parent
    • Proof of address/ source of funds (refer to AML document)

    Rates and fees

    • Minimum opening balance KES 500
    • Minimum operating balance KES 500
    • Free over the counter withdrawal
    • Interest rate is tiered up to 5% per annum

    Ahadi Premium Account

    What is required

    • Your original and copy of your ID/passport
    • 1 passport photo (taken at the branch)
    • PIN certificate
    • Proof of address/source of funds

    Rates and fees

    • Opening balance of KES.5,000/=
    • Minimum Operating balance of KES.1,000/=
    • Interest applied every quarter at a tiered rate of up to 5% per annum
    • Zero ledger fees
    • Free over the counter withdrawal

    ABSA Bank

    ABSA Digital Savings Account

    KES balance band       Interest tier

    • 0–50,000:                          3.00%
    • 50,000–250,000:            3.50 %
    • 250,000–500,000:          4.00%
    • 500,000-1,000,000:       4.50%
    • 1,000,000-5,000,000:   5.00%
    • 5,000,000-30,000,000: 5.50%
    • Over 30,000,000:           6.00%

    Junior Savings account

    • No charges applicable and no minimum balance required
    • Competitive interest rates starting from 7% interest per annum
    • Access to fun and developmental activities centred on science, art, sports, travel and technology
    • Free piggy bank when you fund you Absa Junior Account
    • Quarterly events focusing on science, technology, arts, theatre, sports, musicals
    • Access to education policies for long-term savings, medical insurance etc.

    Cooperative Bank

    Hekima Savings Account

    Features

    • Minimum opening balance – Nil
    • Minimum operating balance – Nil
    • Monthly maintenance fee – Free
    • Interest calculated daily on credit balances and paid quarterly
    • Permits only one withdrawal per calendar quarter
    • Regular statements every 6 months
    • No ATM or debit card

    Requirements

    • Original ID Card or Passport as well as a copy
    • Copy of KRA PIN

    Goldfish Access Account

    The perfect account for high net worth individuals

    Features

    • Minimum opening and operating balance of Ksh 50,000
    • Monthly maintenance fee of Ksh 400 for balances below minimum

    Requirements

    • Original ID Card or Passport as well as a copy
    • One referee
    • Minimum opening balance of Ksh 50,000
    • Copy of KRA PIN

    Interest is from 6% per year

    Standard Chartered bank

    Safari Savings Account

    Interest Rates

    Attractive interest rates from:

    THE BANK RESERVES THE RIGHT AND DISCRETION TO CHANGE THE RATES BELOW.

    BALANCE RANGE SAVINGS RATES EFFECTIVE 1ST MAY 2020
    KES 0 to KES 1,999,999.99 0.50% p.a.
    KES 2,000,000 to KES 4,999,999.99 0.75% p.a.
    KES 5,000,000 to KES 9,999,999.99 1.25% p.a.
    KES 10,000,000 to KES 14,999,999.99 1.75% p.a.
    KES 15,000,000 to KES 19,999,999.99 2.25% p.a.
    KES 20,000,000 to KES 24,999,999.99 2.75% p.a.
    KES 25,000,000 to KES 29,999,999.99 3.25% p.a.
    KES 30,000,000 to KES 49,999,999.99 3.75% p.a.
    KES 50,000,000 and above 4.25% p.a.

    Foreign Currency Savings Accounts Rates

    THE BANK RESERVES THE RIGHT AND DISCRETION TO CHANGE THE RATES BELOW.

    MINIMUM MAXIMUM USD GBP
    – 4,999

    (Minimum interest earning amount)

    		 NIL NIL
    5,000 7,499 0.01% p.a. 0.01% p.a.
    7,500 9,999 0.02% p.a. 0.02% p.a.
    10,000 24,999 0.03%p.a 0.03%p.aa
    25,000 49,999 0.04% p.a. 0.04% p.a.
    50,000 99,999 0.05% p.a 0.05% p.a
    100,000 249,999 0.05% p.a 0.05% p.a
    250,000 499,999 0.05% p.a 0.05% p.a
    500,000 Above 0.05% p.a 0.05% p.a

    Eligibility & Documents

    Eligibility

    • Nationality:
      • Kenyan citizen / Resident
    • Age requirement:
      • Minimum 18 years old

    Documents

    • Mandatory supporting documents for Kenyan citizens and Non Kenyan residents:
      • Original / copy of National ID or valid passport
    • SC Mobile
      • Portrait / Selfie
    • In-Branch
      • One passport size photograph
    • If US Person, upload W-8 BEN / W-9 BEN form
    • If US Green Card holder, upload W-9 BEN

    Safari Junior Account

    Interest Rates

    Attractive interest rates from:

    THE BANK RESERVES THE RIGHT AND DISCRETION TO CHANGE THE RATES BELOW.

    BALANCE RANGE SAVINGS RATES EFFECTIVE 1ST MAY 2020
    KES 0 to KES 1,999,999.99 0.50% p.a.
    KES 2,000,000 to KES 4,999,999.99 0.75% p.a.
    KES 5,000,000 to KES 9,999,999.99 1.25% p.a.
    KES 10,000,000 to KES 14,999,999.99 1.75% p.a.
    KES 15,000,000 to KES 19,999,999.99 2.25% p.a.
    KES 20,000,000 to KES 24,999,999.99 2.75% p.a.
    KES 25,000,000 to KES 29,999,999.99 3.25% p.a.
    KES 30,000,000 to KES 49,999,999.99 3.75% p.a.
    KES 50,000,000 and above 4.25% p.a.

     

    Eligibility & Documents

    Eligibility

    • Nationality: Kenyan citizen / Resident
    • Provide the child’s birth certificate.

    Documents

    • Mandatory supporting documents for Kenyan citizens and Non Kenyan residents:
      • Original / copy of National ID or valid passport of parent or legal guardian opening account on behalf of minor.
      • Copy / Original Birth Certificate of minor
      • In-Branch: One passport size photograph
      • If US Person, upload W-8 BEN / W-9 BEN form.
      • If US Green Card holder, upload W-9 BEN.

    NCBA Bank

    Gold Savings Account

    Save with NCBA even without a current account at the bank. Earn interest on amounts over KES 5,000 and enjoy no fees and free withdrawals over the counter.

    Minimum Operating Balance KES 2,000

    Monthly Withdrawals One Free

    Access To Mobile Banking

    Interest Rate Calculated Daily

    Features

    • Available in Kenya Shillings and major foreign currencies.
    • Minimum operating balance of KES 2,000.
    • The more you save, the higher your interest rate.
    • Free transfer to own current account via Online and Mobile banking.
    • Unlimited credits from cash deposits, funds transfers and standing orders.
    • One free withdrawal per month.
    • Ability to manage your account with Online and Mobile Banking.

    Junior Savings Account

    Teach your child to save by opening a NCBA minor savings account for them. It’s free to open and you can give them a boost with free funds transfers from your NCBA account.

    Minimum Operating Balance KES 2,000

    Access To Mobile Banking

    Free E-Statements

    Interest Rate Calculated Daily

    Features of this account include:

    • Minimum operating balance of KES 2,000.
    • Earn interest on amounts over KES 5,000.
    • The more you save, the higher your interest rate.
    • Free transfer to your current account via Online and Mobile Banking.
    • Unlimited credits from cash deposit, funds transfers and standing orders.
    • Credit interest rate is calculated daily and paid to the account on a quarterly basis.
    • You can only transfer funds to your NCBA current account.
    • Free quarterly e-statements.

    Premier Savings Account

    Save with NCBA and earn interest on amounts over Kes. 100,000 with this account. Enjoy no fees and free over-the-counter withdrawals.

    Minimum Operating Balance KES 100,000

    Loans Up to 95%

    Access To Mobile Banking

    Interest Rate Calculated Daily

    Features

    • Minimum operating balance of KES 100,000.
    • The more you save, the higher your interest rate.
    • Borrow against funds up to 95%.
    • Free funds transfer to your NCBA current account.
    • Access to Online and Mobile Banking.
    • Unlimited credits from cash deposit, funds transfers, and standing orders.
    • Interest rate is calculated daily and paid to the account on a quarterly basis.
    • You can only transfer funds to your NCBA current account.
    • The account does not come with a chequebook or ATM card.
    • Free quarterly e-statements.

    I&M Bank

    Flexi Deposit Builder

    Account Features

    • For KES Flexi Deposit Builder: Minimum monthly Instalment

    1,000/-

    • Term

    1 Year

    • For USD Flexi Deposit Builder: Minimum monthly Instalment

    100

    • Term

    1 Year

    Young Savers Account

    Account Features

    • Minimum Balance

    1,000/-

    • Maximum Eligibility age

    17

    • Ledger Fees

    Nil

    • Account Maintenance Charges

    Nil

    • Banker’s cheque

    Free (only to an educational institution)

    • Recognition card

    Free (Get discounts at leading outlets like bookshops, sports shops etc.)

    • Events / Activities

    Eligibility to participate in Annual Young Saver events/activities

    I&M Savers Account

    Features

    • Opening Balance

    Kes 1,000

    • Minimum Balance

    Nil but minimum interest earning balance is Kes 5,000

    • Transfers within I&M

    Free

    • Interest

    Up to 8.5% p.a.

    • Interest Payment Frequency

    Monthly

    • Withdrawals

    Limited to 2 withdrawals per month after which interest is forfeited for that month.

    • Account Opening

    Through any I&M Branch or online channels. It is easy and free to open!

    • 24/7 Banking

    View balance and transfer funds anytime through Online Channels

    • Deposits

    Unlimited deposits of any amount by cash, mpesa, cheques or transfers from other accounts

    I&M Fikisha Goalz Savings Account

    An account that enables you Plan Right, Save Smart and Achieve your set financial goals while earning an interest of 8% p.a. on your savings.

    Features

    • Free

    To open and operate

    • Self-account opening

    Through I&M Bank On The Go (OTG) App

    • Multiple Goal Saving Accounts

    Save for multiple goals independently

    • Account charge

    Nill

    • Start amount

    As little as Kes 1,000 savings per month

    • Automatic Standing Instructions from your I&M Bank Transaction Account

    Free

    • Interest

    Earn interest at 8% p.a. on monthly average balances from kes 1000. Interest paid out monthly.

    • Tracking

    Track the progress of your goal any time

    • Withdrawals

    Two withdrawals allowed per month. Interest for a given month forfeited if more than 2 withdrawals are made in the month.

    Equity Bank

    EazzySave

    Saving money helps you achieve your goal. EazzySave Account helps you set money aside from your account to keep it secure until it matures.

    Ideal for: Individuals (singly/jointly) and groups

    Key Features of the EazzySave Account

    1. No minimum operating balance.
    2. Savings worth KSh 20,000 and above attract competitive interests, paid annually.
    3. No monthly charges.
    4. Full access to mobile banking.
    5. Cash and cheque deposits.

    Reasons Why You Should Open an Eazzysave Account

    1. There is no account maintenance or monthly charges.
    2. You can conveniently access your account at any Equity branch countrywide, at an Equity Agent or through Mobile Banking (Equitel or EazzyApp).
    3. One free withdrawal every month.
    4. Free internal standing orders.
    5. 24hour support through 0763063000 and/or info@equitybank.co.ke

     

    • What You Require to Open an EazzySave Account
      1. Individuals (singly or jointly) -Original Identification document & KRA Pin
      2. Registered Groups – Registration Certificate, Constitution, minutes of resolution to open account certified by the District Social Development officer (DSDO).
      3. An introduction letter from the DSDO
      4. Registered Business- see account opening requirements for different entities.

    Stanbic Bank

    Call Deposit account

    What you get

    • As initial deposit of Kes. 20,000 is required or its forex equivalent
    • No service fee
    • Attractive interest rates pegged on prevailing market rates
    • Unlimited deposits
    • Funds available on demand and no notice required for liquidation to current or savings accounts
    • Funds on call can be placed as security
    • There is no maximum balance required on this account
    • Sweeping arrangement

    What you will need

    • A new customer should bring the below documents for account opening
    • ID copy
    • 1 passport size photo
    • Proof of residence (utility bill or lease agreement)
    • 1 month latest payslip/current bank statement
    • Existing customers should fill in the Secondary Account Application Form (available at the branch)
    • KRA PIN required

    PureSave Account

    What you get

    • Attractive interest rates paid for balances above Kes. 5,000
    • One free cash withdrawal allowed per month (over the counter)
    • Free internet access to your savings accounts
    • Free funds transfers from M-Pesa to your savings account
    • Personal loan of up to 80% of your savings amount
    • Pre-approved advances of up to 80% of your saving balances
    • Access to our transactional accounts with a link to the PureSave Account with free inter-accounts standing orders
    • No monthly fees charged
    • Interest calculated daily and paid monthly
    • Access to a current account with free access to internet and mobile banking

    What you’ll need

    • Copy of your Kenyan National ID
    • Proof of Residence
    • 3 months statement from your current bank or a recent payslip

    Family Bank

    Tujenge Account

    Tujenge Account offers you an opportunity to freely build up your savings for future use or in case of emergencies. Put away a portion of your income through standing orders, contractual agreements or deposit cash whenever you want.

    Features

    • Tujenge account can be opened with any amount
    • Interest earning balance is KES 20,000 calculated annually on average monthly balances
    • Facilitates a savings plan through cash, cheque, standing order or check-off from your employer
    • 4 free withdrawals per year

    Benefits

    • Absolutely no charges
    • Loans available up to 90% of the deposit amount
    • Free statement available on request
    • Earn interest annually
    • Lower interest rate on loans secured by the deposit

    Requirements

    • Photocopy of National ID or valid passport
    • Any amount of cash to open the account
    • A free passport size photo will be taken at your preferred branch

    Bank of Baroda

    Baroda Savings Account

    Benefits

    • Zero account Maintenance fee
    • Unlimited deposit and withdrawals
    • Mobile Banking services
    • Free monthly account statement
    • No limit on withdrawals
    • VISA Debit card facility

    Eligibility

    Eligibility for Baroda Savings Account:

    • Individuals
    • Students
    • Salaried persons

    Baroda Savings Account : Documents Required

    • Recent Passport S. Photographs
    • KRA PIN
    • National Identity/ Foreigner / Alien ID/ Acknowledgement of Application for Alien card/Valid Work Permit

    Postbank

    Premium Plus Account (Corporate Term Deposits)

    This is a first class savings account that currently offers very attractive tax free interest rates of up to 9.0%** equivalent to 12.86% in other taxable savings and investments opportunities offered by other banks and money market funds thus allowing you to save up to 30% Tax – Under section 35 of the First Schedule of the Income Tax Act Cap 470, “Interest on a savings account held with the Kenya Post Office Savings Bank” is exempt from Taxation.

    Benefits

    • 10, 000,000 Minimum (consolidated funds).
    • Offers investment periods of minimum 3months but not exceeding 12 months.
    • Funds can be invested by Cash, Cheque or funds transfer.

    Requirements

    • Enjoy full tax exemption on interest earned from your investment
    • No Wealth management costs/Maintenance/Ledger/Monthly fees
    • Given an option to amalgamate funds and invest in a high interest tax free money market fund
    • Offers competitive interest rates, currently up to 9%**.

    Access Bank

    Target Savings Account

    • 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)

    UBA Bank

    UBA General Savings Account

    At UBA Kenya we offer you the ability to have a general savings account where you can track all your savings with us.

    Features

    • Opening balance – KES 1,000
    • Minimum balance – KES 1,000
    • To encourage savings discipline, you can withdraw only once a month.
    • No monthly maintenance fees.

    Benefits

    ü Attractive interest rates on your deposits p.a
    ü SMS & email alerts
    ü Access to UBA online banking
    ü Access to mobile banking
    ü Free E-statement & Email alert
    ü No ledger / maintenance charges levied on this account.
    ü Regular attractive interest paid on the account
    ü Access to other bank products / services at concessionary rates.

    Target Market

    o Individuals in both the private and public sector
    o Business men and women
    o Clubs and associations
    o Sales enterprise and Partnership companies
    Benefits of A general savings account
    o Attractive interest rates of up to 4%
    o Access to all other UBA services and Products
    o Safety and security on your saving.
    Product Pricing
    o Opening balance of KES 5000
    o Operating balance of KES 5000
    o No other charges on the account

    Middle East Bank

    Savings Account

    Savings Account

    The key to a comfortable future is saving for tomorrow, today. A personal savings account motivates you to keep saving for tomorrow and allows you the convenience of not incurring any charges. Grow your investments with our savings account today.
    These are some of the features of savings account:

    1. We know how hard it is to constantly go to the bank to get statements in pursuit of keeping tabs on your transaction activities, therefore we ensure you receive FREE prompt notifications and alerts on all transactions.
    2. You are able to access your account over the counter for free.
    3. Enjoy access to your account through the Bank’s mobile banking and internet banking platform.
    4. Account opening balance Kes 1,000.
    5. Enjoy competitive rates on your account.
    6. Below min fees: NIL

    Bank of Africa

    Chama Savings Account

    Target Market:

    Tailor made for formal and informal savings groups (Chamas) such as investment clubs, merry-go-round groups, dynamic groups etc.

    Benefits:

    • Access to e-Chama
    • No monthly charges
    • Interest is paid to the savings account for balances above Ksh 20,000 with one withdrawal allowed per month.
    • No minimum monthly contribution
    • Chama Loan can be advanced up to 6 times the groups savings
    • Free standing orders to the Chama Account for BOA account holders
    • Assignment of a dedicated Relationship Manager
    • Access to free regular Chama clinics

    Features:

    • Minimum opening balance of Kes 5000
    • Unsecured loans ranging from Kes.100, 000 to Kes 1,500,000 Secured loans ranging from Kes. 100,000 to 50MIO
    • Borrowing can be done by both registered and unregistered groups.
    • Need to have saved for 6 months with BOA for borrowing purposes.
    • Scope of loans include but not limited to Plot/Property purchase, asset finance, mortgage and treasury bills.
    • Longer repayment period, up to 48 months and 60months for unsecured loans
    • Security to be provided including Directors guarantees
    • Group members can co-guarantee one another

    Premier Bank

    Savings Accounts

    Our high Profits rates allows you to relax and let your hard earned money work for you, turning your dreams into a reality

    Benefits:

    Attractive Profits margins:
    Let your money work for you with our competitive Profit rates. Save more! Earn more!

    Free Deposits
    Open your savings account from as little as KES 1000

    FREE E-statements
    For accountability, you will receive free statements quarterly

    Pro-savings
    Restricted free withdrawals allowed per month to encourage the saving culture

    SMEP Microfinance

     

    Msingi Imara Account

    An account children under the age of 18years

    Njota Njema Account

    This is a lock savings account

    Msingi Imara Account

    This is an account for children under the age of 18 years. It’s a children savings account that ensures a brighter future for your kids.

    Product Features

    • Minimum opening balance.
    • No Minimum operating balance.
    • The account is operated by the parent/guardian
    • Up to three free withdrawals per year

    Benefits

    • Free banker’s cheque & Internal standing order.
    • No ledger fees, monthly charges.
    • One can access education loan against the account.
    • Earns an interest of 4% p.a.
    • Comes with a piggy bank for the child.

    Requirements

    • The guardians National Identity or a valid Passport (Original & Photocopy)
    • The child’s birth certificate or birth notification (Original & Photocopy)

    HFC

    Nyumba Yangu Savings Account

    Nyumba Yangu is a savings account uniquely designed for individuals who desire to save towards home ownership. It is recognized by the Government of Kenya as an affordable housing saving plan.

    Features & Benefits

    • Competitive interest earned on your savings
    • Free standing orders
    • Tax incentives
    • No ledger fees

    Crossover Savings Account

    At HFC we realize that everyone has dreams. Whatever it is, you will need a savings plan in order to achieve these dreams. The Crossover Savings Account is a savings account that helps you on this journey.

    Features & Benefits

    • Competitive interest paid on your savings
    • No ledger fees / Charges on the account
    • Easy pre-qualification when applying for a mortgage loan or a cash cover facility
    • Unlimited credit from cash deposit, Mpesa, funds transfer and standing orders

    Target Savings

    Save for your goals and earn interest while at it.

    Features & Benefits

    • Competitive Interest earned on your savings
    • Free standing orders
    • Premature redemption allowed
    • Unlimited credit from cash deposit, Mpesa, funds transfer and standing orders

    Call Account

    This account is ideal for individuals with funds for specific projects who wish to earn interest while awaiting utilization of the funds.

    Features & Benefits

    • Attractive interest rates calculated daily
    • Easy access to funds

    Junior Treasure Account

    This is a children’s savings account designed to allow parents and guardians to save for their children and provide a good base to start adult life.

    Features & Benefits

    • No Account Maintenance fee
    • Competitive interest earned on your savings
    • 1 free bankers’ cheque per quarter
    • 1 withdrawal per quarter

    Requirements

    • ID card and two recent passport size photographs of both child and parents/guardians
    • KRA PIN Certificate of parent or guardian
    • A copy of the child’s Birth Certificate

    Kingdom bank

    Kingdom Bank Savings Account

    Features of the Kingdom Bank Savings Account

    • Minimum Opening Balance – Ksh. 500
    • Minimum Opertating Balance – Ksh. 500
    • No monthly maintenance fee/ charges.
    • Interest payable quarterly at 4% per annum for amount above Ksh. 5,000
    • Permits only one withdrawal per calendar quarter.
    • Regular staements every 6 months.
    • – No Debit Card

    Account Opening Requirements.

    • – Parent’s or guardian’s original ID Card or Passport.
    • – Copy of birth certificate of the child.
    • – Copy of parent’s or guardian’s KRA PIN.

     

  • Kingdom Bank Kenya Charges

    Kingdom Bank Kenya Charges

    Below are the charges by kingdom Bank Kenya:

     

    PRODUCT KINGDOM BANK SAVINGS ACCOUNT KINGDOM BANK CURRENT ACCOUNT KINGDOM BANK TRANSACTION ACCOUNT KB JUNIOR SAVINGS ACCOUNT
    Account opening balance Ksh. 500.00 Ksh. 5,000.00 Ksh. 1,000.00 Ksh. 500.00
    Minimum operating balance Ksh. 500.00 Nil Nil Ksh. 500 .00
    Interest rates Interest payable quarterly at 4%p.a Interest to be paid at 5% on cleared balances daily and N/A Interest to be paid at Treasury Bill rate on cleared
    balances daily and credited to the account monthly. credited to account monthly. balances daily and credited to the account monthly
    Minimum interest- earning balance Ksh. 5,000.00 Ksh. 5,000.00 N/A Ksh. 5,000.00
    Ledger fees Nil Ksh. 400.00 Nil Nil
    One free withdrawal every three months – Internet banking on request; Cheque Book on request; Internet banking on request; Cheque Book on request; One withdrawal every three months; Cash
    Other features further withdrawals at Ksh.300.00; E Statements; Mobile Banking; E-Statements. Mobile Banking; E-Statements. deposit across Mpesa.
    Cash deposit across Mpesa
    Earn interest on savings; Qualify for loan 3 month overdraft to be availed on 50% of 3 month average Transactions on Internet Banking, ATM, Mobile Banking, One free banker’s cheque per term for school
    Benefits against 90% of savings with a repayment period credit turnover for accounts that have banked for at least 3 Agency Banking. fee payment.
    of 1 year; months with an average of at least 10 transactions per month
    PRODUCT SERVICE FEES DIASPORA BANKING ACCOUNTS
    SMS alerts 10.00 PRODUCT DIASPORA DIASPORA DIASPORA CALL & FIXED
    TRANSACTIONAL CURRENT SAVINGS DEPOSIT
    Withdrawal against uncleared balance 5% of cheque value minimum Ksh. 500.00 – ACCOUNT ACCOUNT ACCOUNT ACCOUNTS
    maximum Ksh. 20,000.00 (approval by credit division)
    Available in KES, GBP, EUR, USD KES, GBP, EUR, USD KES, GBP, EUR, USD Nil
    Temporary Overdraft 5%; Minimum Ksh. 500.00 Minimum Opening Balance KES 5,000, GBP 50 , EURO 50 KES 5,000, USD 100, GBP 100, KES 2,000, USD 25, GBP 25, Nil
    & USD 50 EURO 100 EURO 25
    OTC withdrawal charges 100.00 Minimum Operating Balance KES 1000 GBP 10 , EURO 10 KES 2,000, USD 25, GBP 25, KES 400, USD 5.GBP 5, Nil
    & USD 10 EURO 25 EURO 5
    Cheque return charges (Insufficient Funds) 3,000.00
    Monthly Maintenance Fee No monthly ledger fees KES 400, USD 5.GBP 5, EURO 5 KES 400, USD 5.GBP 5, Nil
    Cheque return charges (effects not clear) 3,000.00
    EURO 5
    Cheque return charges (other reasons) 3,000.00 Minimum Interest Earning Balance Nil KES 5,000 KES 5,000 Nil
    Interbranch cash withdrawals (OTC) 100.00
    Other Features • Visa Debit Card available for • Convenient mobile banking and • Convenient mobile banking • Flexible terms of 1 – 12 months
    Dormant Activation charges Free
    withdrawals as well as for interest banking available and interest banking available • Competitive interest rates offered.
    payment purposes (for KES
    Account closure charges (more than 6months) 500.00 • Free Monthly Statements • Free Monthly Statements • Interest portion paid in case of pre-mature
    accounts only)
    Account closure charges (less than 6 months) 1,000.00 • Convenient mobile banking • Cheque Book available on request • Cheque Book available on withdrawal of deposit in call accounts that
    • Visa Debit Card available (for only request have exceeded 7days
    Cheque book issue charges (per leaf) 15.2 and internet banking available
    • Visa Debit Card available (for • No charges on fixed deposit account
    • Free monthly e-statement KES accounts)
    Stamp duty on cheque book issue (per leaf) 2.50 only KES accounts) • Certificate available on placement
    Counter cheque (per leaf) 500.00
    MICRO BANKING ACCOUNTS
    Stop payment charges 500.00 PRODUCT KB CHAMA ACCOUNT MICRO GROUP ACCOUNT
    Inward Unpaid cheque 1,500.00
    Inward Swift charge 10 Minimum Opening Balance KES 1,000 KES 1,000
    Minimum Operating Balance NIL NIL
    Outward Swift Charge 10 per unit (USD, GBP and Euro)
    Monthly Maintenance Fee No monthly ledger fees No monthly ledger fees
    Salary Processing
    Minimum Interest Earning Balance KES 10,000 KES 5,000
    Manual Posting 100
    Interest Rate Interest accrues on cleared balances daily and credited Interest accrues on cleared balance daily and credited
    SPS 100
    to the account monthly at 4% to the account monthly at 4%
    AGENT WITHDRAWAL TARIFF
    • Access to funds as many times as required • Access to funds as many times as
    AMOUNT RANGE(KSH) CHARGES DUE FROM CUSTOMER Other Features
    • 1st withdrawal transaction for required.
    100 – 5,000 50
    the month is free of charge.
    5,001 – 10,000 70
    10,001 – 20,000 80
    20,001 – 30,000 100
    30,001 – 40,000 120
    KINGDOM BANK MINIBANK (ATM) KB MOBILE (MOBILE BANKING TRANSACTIONS) AIRTIME TOP-UP:
    40,001 – 50,000 140
    50,001 – 100,000 250
    Product Service/ Transaction Ksh. Financial Enquiry & Transfer Transactions: Ksh. Airtime Top-Up 10.00
    DEPOSIT TARIFF GUIDE
    Visa Card Processing 500.00 Account Balance Inquiry Kes 10 for USSD, 10.00
    ZERO Charge for KB Mobile Application Cash
    100 – 14,999 FREE Visa Card Replacement 500.00 Withdrawal
    15,000 – 19,999 FREE Mini account statement 30 .00 Handling
    Visa Card withdrawal – KB 200.00
    20,000 – 29,999 FREE
    machines and other visa network Funds transfer account to account 60.00
    30,000 AND ABOVE FREE
    UTILITY (WATER & KPLC) 50 ATM cash withdrawals – other 60.00 Funds transfer –account to wallet 60.00 Below Ksh. 500,000.00 – Ksh. 100.00
    machines
    BALANCE ENQUIRY 10
    ATM Balance inquiry 15.00 BILL PAYMENT TRANSACTIONS:
    MINISTATEMENT 20
    ATM Mini Statement 30.00 Above Ksh. 500,000.00 – 0.2% minimum Ksh.
    DIGILIFE (INTERNET BANKING) ATM Funds Transfer-account to 30.00 KPLC Postpaid 50.00 1,000.00
    Transaction type Charges (Ksh.) account KPLC Prepaid 50.00
    ATM Funds Transfer – account 60.00
    Monthly Charges for Individual client Nil
    to wallet
    Monthly Charges for Corporate client Nil Coins – 1% above Ksh. 2,000.00
    Utility payments 50.00 Nairobi Water Postpaid 50.00
    FUNDS TRANSFER
    Airtime Top-up 10.00
    DSTV 50 Access@Home 50.00
    Own account transfer No charge Co-op ATM cash withdrawal 30.00 Deposit: Cash – Free
    Other account transfer (Internal) No charge Kenswitch cash withdrawal 45.00 Zuku 50 Safaricom Postpaid 50.00
    Mobile funds transfer 60.00 Co-op ATM Balance and Free
    Airtel Postpaid 50.00
    Mini statement inquiry FREE Coins – 1% above Ksh. 2,000.00
    Airtime purchase 10.00
    VISA Branded ATM balance inquiry Free Telkom Postpaid 50.00
    UTILITY PAYMENT
    Online Request No charge TRADE FINANCE PRODUCTS:
    Ksh. 500.00 per leaf
    REQUEST FOR RETRIEVAL OF PAID CHEQUES PRODUCT FEATURES
    Outward – Ksh. 500.00
    Overdraft 3% appraisal fee
    Inward – NIL
    Term: Maximum 12 months. For schools – up to 30% of term fees collected
    ELECTRONIC FUNDS TRANSFER
    Salary processing – Ksh. 200.00 per salary
    Insurance Premium Finance Term: Maximum of 10 months. Collateral: Post dated cheques & tripartite agreement with insurance company
    Outward – Ksh. 500.00
    Inward – NIL
    RTGS Bid/Tender Bonds 0.5%min Kes2000. New customer unsecured up to Kes5m; existing customer unsecured up to Kes10M
    Non customer outward – Ksh. 3,000.00; a
    Performance Guarantee 0.5% per quarter min Kes 5,000
    maximum of Ksh. 3,000,000.00 transfer
    Advance Payment Guarantee Security: 100% cash cover or 50/50 % cash and conventional security.
    Company Search Ksh. 1,500.00
    Standing orders and direct debits: Ksh. Charges: 0.5% per quarter min of Kes5,000.
    SACCOs and NGOs – Kes 500
    LPO Financing 70 % financing with 100% collateral.
    Letter of Introduction Ksh. 500.00 Setting up (all) 500.00 Loan processing 3% of face value. Tenure of up to 120 days.
    Crb Reference Charges Ksh. 200.00 Letter of Credit 0.375% application fee per quarter; 0.375% acceptance fees and 0.375% settlement fee flat rate; swift charges 3,500
    Cancellation 300.00
    Letters of Reference/ Ksh 1,000.00 Invoice discounting 80 % financing.
    confirmation Amendment 300.00 Loan processing 3% of face value
    Opening – Ksh. 2,000.00 Interest at CBK rate. Tenure of up to 120 days
    Annual fee: Kingdom Customs Duty Facility Facility appraisal fees @0% of loan amount approved min 50,000; Commission @5% flat rate. Parking/storage fee@ Ksh 250 per day
    Unpaid 300.00
    Small – Ksh. 6,000.00
    Safety Deposit Lockers
    Medium – Ksh. 8,000.00
  • Family Bank Charges in Kenya

    Family Bank Charges in Kenya

       
    Account Services  
    Dormant Account Charge Nil
    Reactivate Dormant Account Nil
    Ledger Fees 35 per entry, min
    500
     
    Account Closure 1,000
    Transfer of Cash Balance on closure Nil
    (internal transfer)
     
    Cash Withdrawal over-the-counter 100
    Statements  
    Interim Statement (per page) 100
    Certified Bank Statement (per page) 500
    Statement of a Closed Account 2,000
    Standing Order  

     

    Mwananchi Account  
    Opening Balance 100
    Minimum Operating Balance 100
    Ledger Fees Nil
    Salary Account  
    Opening Balance 100
    Minimum Operating Balance 0
    Ledger Fees Nil
    Jenga Bizna Account  
    Opening Balance 100
    Minimum Operating Balance 0
    Minimum Interest Earning Balance Kes. 20,000; USD
    250
     
    Ledger Fees Nil
    Tujenge Account  
    Opening Balance 200

     

    MOBILE BANKING (PesaPap) CHARGE (KES)
       
    Balance Inquiry 10
    SMS notifications Free
    Full Statement 30
    Mini Statement 10
    Cheque Book Request Free
    Change M-Pin 20
    Block Card Free
    Loan Request Free
    MPESA to Family Bank Account – Paybill 35
    222111
     
    Family Bank Account to MPESA 80
    Internal Funds Transfer 30
    RTGS 500

     

    MOBILE BANKING (PesaPap) CHARGE (KES)
       
    mVisa Transfer 100
    Airtime Topup Free
    Utility Payments (DSTV, Zuku, GOTv, JTL) 30
    KPLC Prepaid Token 30
    NCC Wallet Topup 10
    Parking Fee Ticket Payment 10
    Seasonal Parking Ticket Payment 10
    KRA Payments (Income Tax, VAT, PAYE, 30
    Customs)
     
    Forex Enquiry 10
    Beneficiary Management Free
    Value Add Alerts (local number) 5
    Value Add Alerts (international number) 15

     

    Set-up Fee 250
    Internal 100
    External 300
    Amendments 300
    Unpaid Standing Order 2,500
    Stop/Cancel 300
    Transfers  
    Inward EFT 100
      1-100 items
      Kes.150;
    Outward EFT 101-1000 items
    Kes.100;
     
      over 1000 items
      Kes. 50
    Internal Transfers 50
    Interbranch Transfers 150
    Direct Debit Order – Set up Free
    Direct Debit Order – Inward 50
    Direct Debit Order – Outward 50
    Unpaid Direct Debit Order 300
    Salary processing 100
    RTGS – Outward 500
    RTGS – Inward Free
    SWIFT  
    Incoming Transfers Kes. 600; USD 10;
    GBP 5; EUR 7
     
    Outgoing Transfers 1,500
    Tracers 1,000
    Cash Handling  
      100 for every
    Coin Deposit Handling Kes.1,000; 2% for
    amounts above
     
      Kes. 5,000
    Cheques  
    Local Cheques (per leaf) 14
    Counter Cheque (per leaf) 300
    Stop Payment 500
    Bankers Cheque Issuance 100
    Indemnity signed on lost Bankers Cheques 1,000
    Retrieval of Paid Cheques 500
    Unpaid Cheques  
    In-house Cheque – Insufficient Funds 500
    In-house Cheque – Other Reasons 200
    By Family Bank – Technical Reasons 700
    By Family Bank – Insufficient Funds/Refer to 2,500
    Drawer
     
    By Family Bank – Effects Not Cleared 2,500
    By Other Banks 500
    VISA Debit Card  
    Card Issuance 500
    Card Replacement 500
    Cash Withdrawal at Family Bank ATMs 30
    Balance Enquiry at Family Bank ATMs 10
    Mini Statement at Family Bank ATMs 10
    Cash Deposit at Family Bank ATMs Nil
    Point of Sale (POS) payment Nil
    Cash Withdrawal from Pesa Point ATMs 80
    Cash Withdrawal from Kenswitch ATMs 75
    Cash Withdrawal from local Visa ATMs 200
    Cash Withdrawal from international Visa 200
    ATMs
     
    Retrieval of Captured Card – Family Bank Free
    ATMs
     
    Retrieval of Captured Card – other bank Free
    ATMs
     
    Visa Credit Card – Classic  
    Joining Fee Waived
    Annual Subscription 3,000
    Cash Advance Fee 6.5%, min. Kes. 200
    Interest Charged Subject to CBRR
    Minimum amount payable on outstanding 20%
    balance
     
    Late payment Fee 6%, min Kes. 200
    Supplementary Card Annual Fee 1,000
    Card Replacement 1,000
    Visa Credit Card – Gold  
    Joining Fee Waived
    Annual Subscription 4,000
    Cash Advance Fee 6.5%, min. Kes. 200
    Interest Charged Subject to CBRR
    Minimum amount payable on outstanding 20%
    balance
     
    Late payment Fee 6%, min Kes. 200
    Supplementary Card Annual Fee 1,000
    Card Replacement 1,000
    Other Services  
    Bank Opinion Letters – per opinion 1,500
    Confirmation to Auditors (Audit Letters) 500
    Safety Deposit – Safe custody of 600
    Documents and Valuables (half-yearly)
     
    Safety Deposit – Access charges (per visit) 100
    Retrieval of Old Records 500
    Commission on Treasury Bills purchased on 1,000
    behalf of Customer
     
    Postal Money Order Collection/Deposits 120
    Postage – Local Mail 100
    Postage – Courier (Operator charges apply) 2,500

     

    Minimum Operating Balance 400
    Minimum Interest Earning Balance Kes. 10,000; USD
    150
     
      4 free withdrawals;
    Withdrawal over-the-counter Kes. 200 per extra
      withdrawal
    Ledger Fees Nil
    Corporate Tujenge Account  
    Opening Balance 200
    Minimum Operating Balance 400
    Minimum Interest Earning Balance Kes. 50,000
      4 free withdrawals;
    Withdrawal over-the-counter Kes. 200 per extra
      withdrawal
    Ledger Fees Nil
    Group Account  
    Opening Balance 2,000
    Minimum Operating Balance 2,000
    Minimum Interest Earning Balance Kes. 20,000
    Ledger Fees Nil
    Chama Account  
    Opening Balance 2,000
    Minimum Operating Balance 2,000
    Minimum Interest Earning Balance Kes. 50,000
    Ledger Fees Nil
    Mdosi Junior Account  
    Opening Balance 200
    Minimum Operating Balance 1,000
    Minimum Interest Earning Balance Kes. 5,000; USD 100
      3 free withdrawals;
    Withdrawal over-the-counter 200 per extra
      withdrawal
    Ledger Fees Nil
    Corporate Mdosi Junior Account  
    Opening Balance 200
    Minimum Operating Balance 1,000
    Minimum Interest Earning Balance Kes. 50,000
      3 free withdrawals;
    Withdrawal over-the-counter 200 per extra
      withdrawal
    Ledger Fees Nil
    Save As You Earn (SAYE) Account  
    Opening Balance 200
    Minimum Operating Balance 400
    Minimum Interest Earning Balance Kes. 10,000; USD
    150
     
      4 free withdrawals;
    Withdrawal over-the-counter Kes. 200 per extra
      withdrawal
    Ledger Fees Nil
    Scholar Account  
    Opening Balance 200
    Minimum Operating Balance 200
    Cash Withdrawal over-the-counter 60
    Ledger Fees Nil
    Personal Current Account  
    Opening Balance 2,000
    Minimum Ledger Fees 500
    Business Current Account  
    Opening Balance 5,000
    Business Name Verification 750
    Drawing against Uncleared Effects over- 3%, minimum
    the-counter 1,000
    Minimum Ledger Fees 500
    Foreign Currency Accounts  
    Minimum Account Opening Balance USD 100
    Cheque Book (50 leaves) USD 10
    Cheque Book (100 leaves) USD 20
    Account Statement USD 2
    Certified Account Statement USD 5
    Cash Handling 0.25% amount
    above USD 500
     
    Stop Payment USD 5
    Unpaid Cheques (By Family Bank) USD 20
    Unpaid Cheques (By other local banks) USD 20
    Unpaid Cheques (By banks abroad) USD 30
    Ledger Fees USD 5
    Account Closure USD 10
    Fixed Deposit Account  
    Minimum Operating Balance 30,000

     

    INTERNET BANKING CHARGE (KES)
       
    Set-up Fee Free
      Retail customers
      Kes. 1,500 p.a.;
    Access Fee Corporate
      customers Kes.
      6,000 p.a
    Internal Transfer 50
    Transaction Processing (EFT) 100
    Utility Payments 30
    RTGS 500
    SWIFT Transfer 1,500
    Additional Token (corporate customers) 1,000
    PIN Regeneration 100

     

    Bundled Current Accounts      
           
    Features Personal Current Accounts Platinum Current Account Business Current Accounts
        Kes. 2,000 Monthly, Kes.  
    Subscription Kes. 800 Monthly 5,500 Quarterly or Kes. 20,000 Kes. 1,500 Monthly
        Annually  
    Minimum Opening Balance Kes. 2,000 Kes. 20,000 Kes. 5,000
    Minimum Operating Balance Kes. 5,000 Nil Kes. 10,000
    Cheque Book One free per year One free per year One free per year
    Inward Clearing charges Nil Nil Nil
    Cash Withdrawal Over-The-Counter Nil Nil Nil
    VISA Debit Card Free Free N/A
    VISA Credit Card Free VISA Classic Card Free VISA Gold Card N/A
    Standing Order – Set up Free Free Free
    Standing Orders – External 4 free per month 3 free per month 5 free per month
    Standing Orders – Internal Free Free Free
    Direct Debit 2 free Nil Nil
    Bankers Cheque One free per quarter One free per month One free per quarter
    Incoming salary transfer Free Free N/A
    EFT – Incoming Free Free Free
    EFT – Outgoing As per tariff Nil As per tariff
    RTGS – Incoming Nil Nil Nil
    RTGS – Outgoing As per tariff 3 free monthly As per tariff
    Monthly Statement One free upon request Nil One free upon request
      Waiver on annual fees and Waiver on annual fees and all  
      all other transactions except  
    Internet Banking other transactions except RTGS As per tariff
    RTGS third party operator
      third party operator charges  
      charges  
         
    Mobile Banking As per tariff As per tariff N/A
    SMS Alerts Free Free Free
    Overdraft charges within the day N/A N/A No charges if settled same
    day
         
    Family Bank Business Club N/A Eligible at no fee Automatic eligibility. No fee
    Registration
         

    Note: Standard tariff applies for transactions not included in the Bundled Current Accounts.

    Credit Card issuance is subject to credit card terms and conditions; Credit Card use is subject to applicable charges and fees.

    Trade Finance SME/Micro Corporate
    Import Letters of Credit    
    Opening Commission 0.75% per quarter or part thereof, Min Kes. 0.5% per quarter or part thereof, Min Kes.
    5,000 5,000
     
    Acceptance Commission 0.5% per quarter or part thereof 0.5% per quarter or part thereof
    Amendment – General Kes. 2,000 plus SWIFT charges Kes. 2,000 plus SWIFT charges
    Amendment – Increase in the LC 0.75% per quarter or part thereof, Min Kes. 0.5% per quarter or part thereof, Min 5,000
    amount or Extension of LC validity 5,000
     
    Retirement Commission 0.25% flat, Min Kes. 5,000 0.25% flat, Min Kes. 5,000
    SWIFT Charges Kes. 3,000 for long message and Kes. 1,500 Kes. 3,000 for long message and Kes. 1,500
    for short message for short message
     
    Postage Actual Courier charges plus Kes. 50 Actual Courier charges plus Kes. 50
    Extension of maturity of bill – LC 0.5% per quarter or part thereof. 0.5% per quarter or part thereof.
    LC discharged unutilized Kes. 2,000 Kes. 2,000
    Export Letters of Credit    
    Advising Commission Kes. 2,000 Kes. 2,000
    Documents Handling 0.25% flat, Min Kes. 5,000 0.25% flat, Min Kes. 5,000
    Confirmation Commission 0.35% per quarter or part thereof 0.35% per quarter or part thereof
    Extension Commission – Confirmed 0.35% per quarter or part thereof, Min Kes. 0.35% per quarter or part thereof, Min Kes.
    LC 2,000 But subject to Individual Arrangement. 2,000 But subject to Individual Arrangement.
    Extension Commission – Kes. 2,000 Kes. 2,000
    Unconfirmed LC
       
    Increase of Amount Confirmed LC 0.35% per quarter or part thereof, Min Kes. 0.35% per quarter or part thereof, Min Kes.
    2,000 But subject to Individual Arrangement. 2,000 But subject to Individual Arrangement.
     
    Postage Actual courier charges plus Kes. 500, Min Kes. Actual courier charges plus Kes. 500, Min Kes.
    4,000 4,000
     
    Acceptance Commission – 0.35% per quarter or part thereof, Min Kes. 0.35% per quarter or part thereof, Min Kes.
    Confirmed LC 2,000 2,000
    Acceptance Commission – 0.25% per quarter or part thereof 0.25% per quarter or part thereof
    Unconfirmed LC
       
    Retirement commission 0.25% Min Kes 2000 0.25% Min Kes. 2000
    Import Documentary Collections    
    Documents Handling Kes. 2,000 Kes. 2,000
    SWIFT Kes. 2,000 Kes. 2,000
    Amendment Kes. 2,000 Kes. 2,000
    Retirement commission 0.25% per quarter or part thereof, Min Kes. 0.25% per quarter or part thereof, Min Kes.
    2,000 2,000
     
    Avalising of Bills    
    Avalising of Bills 0.5% per quarter or part thereof 0.5% per quarter or part thereof
    Bank Guarantee (Performance Bonds, Payment Bank Guarantees, Customs Bonds etc.)
    Issuance Commission 0.75% per quarter or part thereof, Min Kes. 0.50% per quarter or part thereof, Min Kes.
    5,000 5,000
     
      0.75% per quarter for any additional quarter 0.50% per quarter for any additional quarter
    Amendment from the one charged earlier and/or any from the one charged earlier and/or any
    additional amount OR Kes 2,000 for general additional amount OR Kes. 2,000 for general
     
      amendment amendment
    Bid Bonds    
      Kes. 3,000 for amounts below Kes. 100,000; Kes. 3,000 for amounts below Kes. 100,000;
    Issuance commission Kes. 5,000 for amounts between Kes. 101,000 Kes. 5,000 for amounts between Kes. 101,000
    to Kes.1 Million and 1% for amounts above to Kes.1 Million and 1% for amounts above
     
      Kes. 1 Million. Kes. 1 Million.
    Amendment 1% flat for any additional amount OR Kes. 1% flat for any additional amount OR Kes.
    2,000 for general amendment 2,000 for general amendment
     
    Opinion/Reference Letters    
    Processing Fee Kes. 1,500 Kes. 1,500

    Please note that all our charges are subject to 10% Excise Duty.

    WhatsApp: +254 701 325 325 +254 703 095 445/ (020) 3252 445
    customerservice@familybank.co.ke   www.facebook.com/familybankkenya
    www.familybank.co.ke   www.twitter.com/familybankkenya

     

     

    Family Bank Limited is regulated by the Central Bank of Kenya.

  • Equity Bank Kenya Charges

    Equity Bank Kenya Charges

    Below is what Equity Bank charge for products and services offered:

    EQUITY BANK (KENYA) LIMITED PRODUCTS & SERVICES TARIFF GUIDE

    EQUITY PERSONAL JUNIOR REMITTANCE TEEN ACHIEVERS SCHOOL CREDIT TARIFFS
    PERSONAL ACCOUNTS ORDINARY CURRENT MEMBER ACCOUNT MEMBER STUDENTS FEES Sector Service/Product Applicable
    ACCOUNT ACCOUNT ACCOUNT ACCOUNT ACCOUNT ACCOUNT
    Interest
    Retail KSHS KSHS KSHS KSHS KSHS KSHS KSHS The pricing will be based on the Bank’s Reference Rate (EBRR) currently
    Account Opening Balance 400 5,000 200 Nil 200 Nil 100 at 12.5% plus a margin of between 0.5% to 8.0% per annum. The pricing is
    inclusive of Loan Application and Credit Evaluation (LACE) of upto 5%
    Minimum Operating Balance Nil Nil 200 Nil 200 Nil 100
    • SME Working Capital & Overdrafts
    Inter-branch Cash Withdrawal 150 150 150 150 150 150 150 Business • Project Financing
    • Mortgages (Commercial)
    17% – 19.5%
    Account Closing Fees 350 1,000 300 350 300 300 300 Banking – SME • Mortgages (Residential)
    • Asset & Equipment Financing
    Counter Cash Withdrawal 100 100 2 Free in a year, 100 2 Free in a year, 100 4 Free in a year,
    • Equity Release
    additional 100 additional 100 additional 100
    Corporates • Working Capital  • Overdraft
    Corporate KSHS KSHS KSHS KSHS KSHS KSHS KSHS
    & Large • CapEx Financing • Equity Release 15% – 17.5%
    Account Opening Balance 5,000 10,000 200 5,000 200 Nil 100 Enterprises • Project Financing
    Digital / Mobile • Eazzy Loans • Merchant Loans
    Minimum Operating Balance Nil Nil 200 Nil 200 Nil 100 13% – 15%
    Loans • Eazzy Stock Agent Loans
    Inter-branch Cash Withdrawal 150 150 150 150 150 150 150
    Food & • Farm input • CapEx
    Account Closing Fees 350 1,000 300 350 300 300 300
    • Kilimo Working Capital Overdrafts
    Agriculture 17% – 19%
    2 Free in a year, 2 Free in a year, 4 Free in a year, • Commercial Agriculture Finance
    Counter Cash Withdrawal 100 100 100 100 Loans
    additional 100 additional 100 additional 100 • Farm Asset & Equipment Financing
    Counter Cash Withdrawal – Non
    300 300 300 300 300 300 300 Retail • Biashara & Pamoja Banking
    Corporate Customers • Micro Enterprises Working Capital
    Business 18% – 20%
    BUSINESS BUSINESS CURRENT INSTITUTION COLLECTION • Micro Enterprises • CapEx
    BUSINESS ACCOUNTS Banking
    • Group-Based Lending
    ACCOUNT ACCOUNT ACCOUNT ACCOUNT
    • Salary Advance
    Retail KSHS KSHS KSHS KSHS Retail
    • Check offs Loans 13% – 20.5%
    Account opening balance 1,000 10,000 Nil 10,000 Personal
    • Pensioner Loans
    Banking
    Minimum operating balance Nil N/A Nil Nil • Secured Salary Loans
    • Parastatal • Public Schools
    Inter-branch cash withdrawal 150 150 Free 150
    • Hospitals • SACCOs
    Public Sector 15% – 19.5%
    Account closing fees 500 1000 300 1000
    • Micro Finance Institutions
    Counter cash withdrawal 100 100 Nil 100 • Secured Salary Loans
    10% on the
    Corporate KSHS KSHS KSHS KSHS
    Temporary Overdraft Fee (TOD) amount
    Account opening balance 5,000 10,000 Nil 10,000 granted
    300/= or 3%
    Minimum operating balance Nil Nil Nil Nil
    Uncleared Effects whichever is
    Inter-branch cash withdrawal 150 150 Nil 150
    higher
    Group Member Passbook Kshs. 100
    Account closing fees 500 1,000 300 1,000 Other Charges
    Group member registration fee
    Counter cash withdrawal 100 100 Nil 100 Kshs. 500
    (Annual)
    Counter cash withdrawal – Non Corporate Customers 300 300 Nil 300
    Loan Application & Credit Evaluation
    EQUITY PERSONAL BUSINESS / BUSINESS JUNIOR Fee (LACE) for Digital Loans and Upto 5%
    INSTITUTION INSTITUTION facilities with tenors below 12months
    SUPREME BRANCHES ORDINARY CURRENT MEMBER
    / COLLECTION / COLLECTION
    ACCOUNT ACCOUNT ACCOUNT Loan Restructuring Fees Upto 5%
    SAVINGS ACCOUNT CURRENT ACCOUNT
    Forex *Forex denominated facilities are priced at Reference
    KSHS KSHS KSHS KSHS KSHS
    Denominated Rate* plus a Margin subject to a floor
    Account opening balance 50,000 50,000 200,000 200,000 200
    Loans USD – S.O.F.R, GBP – S.O.N.I.A , EURO – E.S.T.R
    Minimum operating balance 50,000 50,000 200,000 200,000 N/A
    Below minimum balance charge (pm) 2,000 2,000 2,000 2,000 N/A DEBIT CARDS
    Account closing fees 2,000 2,000 2,000 2,000 300 Scheme Debit Cards
    Card Application 600
    Inter-branch charges (non supreme customers) 3,000 3,000 3,000 3,000 3,000
    Card Annual Fee 200
    ACCOUNT FEES & COMMISSIONS FIXED AND JIJENGE ACCOUNT KSHS Card replacement 600
    Card re-issue due to PIN forgotten 600
    Account Services Charges in KShs
    Fixed Account min bal 50,000 Proprietary Debit
    Ad hoc Statement Fees (per page) 150
    Bank Opinion / Introduction / Credit 2,000 Fixed Account min bal – Corporate 50,000 Card Application fee 400
    Card Annual Fee 100
    Reference
    USD 5,000
    Fixed Deposit – Foreign currency Card Replacement 400
    Dormant Account reactivation Fees 200
    (equivalent for Other currencies)
    Prepaid Cards
    Interest Certificate (Free for Churches) 500
    Jijenge account min bal – all Branches 300 Card Application Fee 500
    Ledger Fees Nil
    Application Fee (Students) 350
    Photocopy per page 20 Jijenge minimum monthly 300
    Card Replacement Fee 300
    Postage/Registered Mail As per courier charges contribution
    Debit & Prepaid Cards Transaction Charges.
    5% of the savings (minimum Kes
    Retrieval of Documents 500 Jijenge premature withdrawal
    (more than 1 month old) 200 maximum Kes 5,000) ATM Withdrawal at Equity 30
    Cash withdrawal (Other Banks’ ATM) 200
    Search Fees 500 Fixed deposit withdrawal Nil
    Agent Withdrawal Agent tariff applies
    SMS Alert fee 2
    Jijenge Account withdrawal Nil
    (Per transaction, where applicable) POS Purchase Free
    Cash Services
    Fixed deposit premature withdrawal call rate applies ATM Mini-statement – Display Free
    Bulk coins over Kshs 10,000 0
    ATM Balance Enquiry- Display Free
    Bulk notes over Kshs 500,000 0 FOREIGN CURRENCY ACCOUNT
    Declined Cash Transaction (Other Banks’ ATMs) 30
    Collection account charges per transaction 50
    Bank Funds Transfer Account opening balance 100 USD/ equivalent Card Balance Enquiry (Other Banks’ ATMs) 30
    Minimum operating balance 100 USD/ equivalent Cash Back withdrawal 25
    SWIFT Remittance (MT103) – Incoming 600 or Equivalent in Forex
    Bills Payment 30
    SWIFT Remittance (MT103) – Outgoing 1,500 or Equivalent in Forex
    CHANNELS & ONLINE BANKING
    VISA USD Debit Card
    EAPS Remittance (MT103) – Incoming Free
    EAPS Remittance (MT103) – Outgoing 500 EazzyBiz Card application fee USD 8
    RTGS Remittance (MT103) – Incoming Free Annual Subscription Charges Free Card annual Fee USD 3
    RTGS Remittance (MT103) – Outgoing 500 View account balances Free
    Card replacement USD 8
    Standing instructions placement Free View transactions summary and
    Free ATM Withdrawal fee (Both Equity and Non Equity) USD 3
    download statements
    Cheque Services Service request Charges e.g Cheque CREDIT CARDS
    Bankers Cheques – Customers 100 30 VISA Credit Card
    Book. Cost of requested item applies
    Issuance of Foreign Currency Drafts
    (Drawn outside Kenya) 600 Report access & downloads Free Joining fee – Classic (Main card) 2,500
    Annual subscription fee – Classic (Main card) 2,500
    Host 2 Host Service Installation Free
    Cheque Book Per leaf 17.5
    Annual subscription fee – Classic (Supplementary) 1,500
    (Incl. KShs. 2.5 stamp duty) Within Bank Transfers 50
    Credit card replacement fee (Classic) 1,000
    Counter Cheque (Retail) 300
    Salary Remittance 100
    Insurance fee (Classic) 303
    Counter Cheque (Supreme) 500
    EFT Outward 200
    Joining fee- Gold (Main card) 7,500
    Dividend Cheque Clearing Charges Nil
    Transfer to Other Banks (RTGS) 500
    Annual subscription fee- Gold (Main card) 4,500
    Inhouse Unpaid Cheque 2,500
    International Transfers (SWIFT) 1,500
    (Refer to Drawer)-Issuer
    Annual subscription fee- Gold (Supplementary) 3,500
    Bill & Statutory Payments 30
    Inhouse Unpaid Cheque 2,000
    Credit card replacement fee (Gold) 1,500
    Token access First 2 tokens are Free
    (Refer to Drawer)-Payee
    Insurance fee (Gold) 963
    Inhouse Unpaid Cheque (Technical) 2,000
    Additional token 3,500
    AMEX Credit Cards
    Inward Clearing Charge 50 Payments to Equitel Free
    Inward Unpaid Cheque (Refer to Drawer) 2,500 Payments to Mobile wallets As Per Mobile Wallet Tariff Joining Fee (Green & Gold) Free
    Insurance fee (Green & Gold) 0.2% of limit
    Inward Unpaid Cheque (Technical) 2,000
    Retail Web
    Annual subscription fee – Green (Main Card) 3,500
    Outward Clearing Charge Nil
    Airtime Purchase Free
    Outward Unpaid Cheque (Refer to Drawer) 2,000
    Annual subscription fee – Green (Supplementary) 2,000
    Bill Payments 30
    Outward Unpaid Cheque (Technical) 2,000
    Buy Goods Free Credit Card Replacement fee – Green 500
    Payment Voucher Stop Payment
    1,500 (One Equity Till Number/ Pay with Equity)
    Annual Subscription fee – Gold (Main Card) 7,000
    Instructions
    Buy / Sell Stocks Free
    Stop Cheque Instructions 1,000 Annual subscription fee – Gold (Supplementary) 4,000
    Transaction Processing EFT 200
    Credit Card Replacement fee – Gold 1,000
    Bills Payable Printing for Per Cheque 100 Send Money to Mobile wallet As Per Mobile Wallet Tariff Corporate Credit Cards
    Direct Debit failure charge 300
    Send Money via (Pesalink) As per Pesalink Tariff Joining Fee 5,000
    Funds Transfer/EFTs – Internal 100
    Annual Subscription Fee – Per Card 4,000
    Send Money via (RTGS) 500
    Local Money Transfer EFT 300
    Statement download Free
    to Non-Customers Credit Card Replacement Fee 1,000
    PAYE Remittances 300 SWIFT 1,500
    All Credit Cards
    Remittances – Tea, Salaries, Coffee, Milk 100
    Transfer within Equity 50
    Cash Advance Fee On Us 6%
    Standing Orders – Internal Free
    Mobile Banking
    Cash Advance Fee Not On Us 10%
    Standing Orders/EFTs – External 300
    Standing Orders/EFTs – Failed 500 Send Money within Equity 0 Late Payment Fee (Except Corporate Cards) 6%
    Send Money via (RTGS) 500
    Certification of Balances for Audit Purposes 1,000 Interest Rate 3.5%p.m.
    Send Money via (Pesalink) As per Pesalink Tariff
    KPLC Payments Commission 25
    Overlimit fee 4%
    Send Money Cross Boarder (Swift) 1,500
    Intercountry Cash Services (Uganda, Rwanda, Tanzania & South Sudan)
    Virtual Prepaid Cards
    Deposit 0.25% Send Money to Mobile wallet As Per Mobile Wallet Tariff Card Application Fee 300
    Subject to a minimum $2
    Bill Payments 30
    Loading Fee 2%
    & a maximum of $25
    View Statement Free
    E-Commerce Transactions Free
    Transfer $6
    Buy Airtime Free
    Withdrawal $0 – $1,000 $3
    Withdrawal $1,001 – $5,000 $4
    Withdrawal $5,001 – $10,000 $5
    Withdrawal > $10,000 $10 *All charges are exclusive of taxes  |  Revised in March 2023
    Utility payments commission 100

     

    Tel: +254 763 000 000  @KeEquityBank  KeEquityBank

     

    Equity Bank (Kenya) Limited is regulated by the Central Bank of Kenya

     

     

    TRADE FINANCE

     

    Charge in Kshs. (Exclusive of Excise Duty)

     

    Import Letters Of Credit

     

    Opening Commission 1% per quarter or part thereof
    minimum 2,000
    Amendment 2,000 plus swift charges
    Extension of the LC validity 1% per quarter or part thereof
    minimum 2,000
    Increase in amount of credit 1% per quarter or part thereof
    minimum 2,000
    Retirement commission 0.25% minimum 2,000 max
    10,000
    Acceptance commission 1% per quarter or part thereof
    minimum 2,000
    Post import Finance Commission 0.5% per quarter or part there-
    of plus applicable interest
    Extension of maturity of Bill – LC 1% per quarter or part thereof
    Postage for LCs Actual courier charges plus 50
    Document Handling 500
    LC discharged unutilised 2,000
    Swift Charges 1,500 for short message and
    3,000 for long message
    Export Letters Of Credit
    Advising Commission 2,000
    Confirmation commission 0.5% per quarter or part
    thereof minimum 2,000
    Amendment 2,000
    Extension Commission – Confirmed LC 0.5% per quarter or part
    thereof minimum 2,000
    Extension Commission 2,000
    – Unconfirmed LC
    Increase of Amount – Confirmed LC 0.5% per quarter or part
    thereof minimum 2,000
    Courier charges Actual courier charges
    min.4,000
    Acceptance commission – Confirmed LC 0.5% per quarter or part
    thereof minimum 2,000
    Acceptance commission 0.25% per quarter or part
    – Unconfirmed LC thereof minimum 2,000
    Retirement commission 0.25% minimum 2,000 max
    10,000
    1% per quarter or part thereof
    Discounting of Bills minimum 2,000 plus applicable
    interest
    Import documentary Collections
    Document Handling 500
    Ammendment 2,000
    Retirement commission 0.25% minimum 2,000 max
    10,000
    Avalising of Bills 1% per quarter or part thereof
    minimum 2,000
    Swift Charges 1,500
    Export Documentary Collection
    Document Processing 2,000
    Courier charges Actual courier charges min.
    4,000
    Retirement commission 0.25% minimum 2,000 max
    10,000
    1% per quarter or part thereof
    Discounting Commission minimum 2,000 plus applicable
    interest
    Swift Charges 1,500
    Guarantees
    Bank guarantees 3% per annum min 5,000
    Bid bonds 1% per annum min 5,000
    Perfomance bonds 3% per annum min 5,000
    Extension (bid bond) beyond one year 1% per annum min 5,000
    Extension (other guarantees) beyond 3% per annum min 5,000
    one year
    Amendment (all Guarantees) Kshs.1,000
    Custom Bonds 3% per annum min 5,000
    Cancellation guarantee if not returned Free
    Cancellation of returned guarantees Free
    Swift Charges 1,500 for short message and
    3,000 for long message
    Structured Finance
    Deal Structuring Fees 0.5% of deal amount
    Collateral Management fees As per Collateral Management
    AGENCY BANKING
    Agent Annual Renewal fees 1,000
    Agent Approval Fee 1,000
    Agent Network Approval (Access Fee) 15,000
    Agent Withdrawal & Deposit Agency Tariff applies
    PESALINK
    Cash Withdrawal (incl. of 20% excise duty)
    KShs. 0 – 1,000 0
    KShs. 1,000 – 99,999 60
    KShs. 100,000 – 999,999 120
    AGENT TARIFF
    Transaction Cash Withdrawal Cash Deposit
    Amount (incl. of 20% excise duty)
    2,500 and Below 30 0
    2,501-5,000 54 0
    5,001-10,000 90 0
    10,001-20,000 174 0
    20,001-35,000 204 0
    35,001-50,000 234 0
    50,001-100,000 270 0
    PAYPAL TARIFF (Commission %)
    Link your PayPal Account Free
    Withdrawal Amounts in USD
    500 and below 1.500%
    501 – 1,000 1.375%
    1,001-2,000 1.250%
    2,001-5,000 1.125%
    Above 5,000 1.000%
    MOBILE MONEY WALLET (Telco charges apply)
    RECEIVE MONEY FROM
    Airtel Money Free
    (any amount)
    M-Pesa (any amount) Free
    SEND MONEY CHARGES (KSHS)
    TO MPESA TO AIRTEL MONEY
    1-100 0 0
    101 – 500 10 9
    501 – 1,000 12 11
    1,001 – 1,500 14 13
    1,501 – 2,500 23 21
    2,501 – 3,500 33 31
    3,501 – 5,000 43 41
    5,001 – 7,500 55 53
    7,501 – 20,000 65 63
    20,001 – 150,000 67 64
  • Cooperative Bank Kenya Charges

    Cooperative Bank Kenya Charges

    Below are charges for Cooperative Bank Kenya:

    Note to all customers

    Excise duty will apply to all fees, charges and commissions

    Kindly contact your branch for charges /fees not captured in the tari poster e information captured is subject to changeese charges and fees are captured as at 13th December 2023.

    MSME Accounts Packages
    Bronze Package Charges
    Minimum opening balance (cash) Ksh.1000
    Minimum operating balance Ksh.300
    Maintenance fee
    Waiver of maintenance fee Ksh.100 if the minimum balance is Ksh.100
    maintained at Ksh.50,000
    Over the counter withdrawal /debit transactions Ksh.50
    Sliver Package Charges
    Minimum opening balance (cash) Ksh.2,000
    Minimum operating balance Nil
    Maintenance fee
    Waiver of maintenance fee Ksh.1,000 if the minimum balance Ksh.1,000
    is maintained at Ksh.200,00 0
    Over the counter withdrawal /debit transactions Ksh.35
    Cheque book FREE for the 1st 100 leaves
    Gold Package Charges
    Minimum opening balance (cash) Ksh.10,000
    Minimum operating balance Nil
    Maintenance fee
    Waiver of maintenance fee Ksh.2,000 if the minimum balance Ksh.2,000
    is maintained at Ksh.500,000
    Over the counter withdrawal /debit transactions Ksh.25
    Cheque book FREE
    Cash Handling Commission Waiver on the commission as per the ALCO paper on
    liabilities
    Haba na Haba Access Account Charges
    Minimum opening balance (cash) Ksh.500
    Minimum operating balance Nil
    Maintenance fee for all balances Ksh.25 per month
    Current Account Charges
    Minimum opening balance (cash)
    Individuals Ksh.5, 000
    Co -operatives Ksh.10,000
    Companies Ksh.10,000
    Minimum operating balance Nil
    Account maintenance fee Ksh.300 per month
    Ledger fees Ksh.35 per entry
    Cheque book Ksh.15 per leaf exclusive of stamp duty and excise duty
    Counter cheque Ksh.500 per leaf
    For 3rd party payments Consult your nearest branch
    Safe Custody  (Half Year) Charges
    Sealed Packages /Envelopes /Compounded cheques Ksh.1,500
    Small Box Ksh.2,400
    Large Box Ksh.6,000
    Access Charge Ksh.250
    Renters Safes (B.S.S Co -op Trust only ) (Half Year) Charges
    Very Small Ksh.2, 000
    Small Ksh.2,400
    Medium Ksh.4,000
    Large Ksh.6,000
    Deposit of keys (refundable) Ksh.3,000
    Loss of keys (replacement) Ksh.25,000
    Transactions Charges Charges
    Bank Account Mco -op
    Registration Free Free
    Daily Alert Ksh.5 Ksh.5
    ATM withdrawal Ksh.30 Ksh.30
    Transfer to Bank Account (Tiered) Ksh.0 -Ksh.35 Ksh.0 -Ksh.35
    Utility Payment (Tiered) Ksh.0 -Ksh.50 Ksh.0 -Ksh.50
    Agent Withdraw (Tiered) Ksh.30 -Ksh.130 Ksh.30 -Ksh.130
    Transfer to Mpesa, Airtel Money Ksh.0 -Ksh.50 Ksh.0 -Ksh.50
    (Tiered)
    Transfer from Bank account Ksh.0 -Ksh.35 Ksh.0 -Ksh.35
    Balance Inquiry Free Free
    Debit and Credit alerts Ksh.35 Ksh.10
    M-pesa deposit Free Free
    EFT transfer Ksh.150 Ksh.100
    Airtime Purchase (Tiered) Ksh.0 -Ksh.50 Ksh.0 -Ksh.50
    Mini estatement Ksh.35 Ksh.5
    Full estatement Ksh.35 Ksh.5
    Pesalink (Tiered) Ksh.0 -Ksh.140 Ksh.0 -Ksh.140
    E -Credit Salary Loan Appraisal Fee:8 -12%, Insurance: 0.034%
    E -Credit Business Loan. Appraisal Fee: 3%, Commission 3% per month, Insurance: 0.034%
    Mcollection Deposit Free Free
    mVisa deposit Free Free
    mVisa Withdraw from visa agent mVisa Agency fees
    mVisa Merchant Payment Free Free
    mVisa send or Receive Free Free
    Mco-opcash – Mco-opcash transfer Ksh.0 -Ksh.35 Ksh.0 -Ksh.35
    Cash Withdrawal and ATM transaction
    Transactions Charges
    Customers Ksh.30 per withdrawal
    Saccolink Ksh.30 per withdrawal
    Inua Jamii Account Charges
    Opening balance None
    Operating balance None
    No Monthly fees Nil
    Debit Card Freeinitial Debit Card
    Card Applicable Fees
    Charges Details
    Joining Fees Classic Card: Ksh.3 ,000 One- o  charge
    Gold Card: Ksh.3 ,500 (Currently waived)
    Platinum Card: Ksh.4 ,000
    Annual Fees Classic Card: Ksh.3 ,500 On issuance of the card & therea er on every subsequent
    Gold Card: Ksh.6 ,000 year
    Platinum Card: Ksh.7 ,000
    Supplementary card Annual Classic Card: Ksh.3 ,000 On issuance of the card &therea er on every subsequent
    Fee Gold Card: year
    Free up to the 4th Card
    From 5th Card onward
    Ksh.3 ,000
    Platinum Card:
    Free up to 4th Card
    From 5th Card onward
    Ksh .3,500
    Interest Rate 3.5% of the revolved balance per Revolved balance is the amount of card debt unpaid at the
    month end of each credit cycle of 50 days
    Late Payment Fees 5% of minimum payable Per occurrence, whenever the cardholder paysthe  card dues
    past due date (pays late)
    Bonus Fees 5% of amount awarded Per occurrence, whenever the cardholder requests fora
    bonus (additional funds beyond the approved credit limit)
    Cash Advance Fee 6% of the amount accessed Per occurrence, whenever the cardholder accesses  cash
    Card Replacement Fees Classic Card: Ksh.500 Per occurrence, whenever the cardholder requests fora  card
    Gold Card:  Ksh.500 replacement
    Platinum Card: Ksh.1 ,000
    Over limit Fees Ksh.1 ,000 It is per occurrence. i.e. whenever the customer goes over the
    set/allowed limit
    Payment of goods and FREE N/A
    services (purchases)
    SMS alerts FREE N/A
    Card Insurance Cardholder pays for insurance Per year (Bank Pays for Gold and Platinum cardholders)
    0.39% of credit card limit
    Agency Tari  Guide
    Service Range (Ksh.) Charges
    Cash withdrawals 100-5,000 Ksh.50
    5,001-10,000 Ksh.70
    10,001-20,000 Ksh.80
    20,001-30,000 Ksh.100
    30,001-40,000 Ksh.120
    40,001-50,000 Ksh.140
    50,001-100,000 Ksh.250
    Cash deposits/ Payments All Free
    *Funds Transfer Ksh.50
    *Fees Payment Ksh.50
    Utility Payment Ksh.50
    KPLC Postpaid
    Water companies.
    Pesalink Transactions 0-500 Free
    501-10,000 Ksh.42
    10,001-50,000 Ksh.62
    50,001-100,000 Ksh.82
    100,001-200,000 Ksh.112
    200,001-999,999 Ksh.152
    Cash Withdrawals (With Any Amount Ksh.125
    Kenswitch card)
    Balance Inquiry Ksh.10
    Mini Statement Ksh.20
    Other services Free
    NHIF payments
    County Payments
    Other Government Payments
    Type of Account Charges
    YEA Account
    Minimum opening balance Nil
    Minimum operating balance Nil
    Debit Card Ksh.500
    Bank Cheque to school Ksh.100 Per Cheque
    Maintenance fee Nil
    Hekima Savings Account Charges
    Minimum opening balance Nil
    Minimum operating balance Nil
    Maintenance fee Nil
    Over the counter withdrawal Once a er 3 months
    Jumbo Junior Account Charges
    Minimum opening balance Ksh.500
    Minimum operating balance Ksh.500
    Debit Card Ksh.500
    Bank Cheque to school Ksh.100 Per Cheque
    Maintenance fee Nil
    Ele -bank FREE  for new accounts
    Replacing Ele -bank Ksh.500
    Annual birthday cards
    Salary Account Charges
    Minimum opening balance Nil
    Minimum operating balance Nil
    Debit Card Ksh.500
    Maintenance fee Nil
    Goldfish Account Charges
    Minimum opening balance Ksh.50,000
    Minimum operating balance Ksh.50,000
    Maintenance fee Ksh.400 for amounts less than Ksh.50,000

     

    Instant Access Account Charges
    Minimum opening balance Ksh.1,500
    Minimum operating balance Ksh.1,000
    Maintenance fee Ksh.200 for amounts less than Ksh.20,000
    Debit Card Ksh.500
    Call Deposit Charges
    Minimum opening balance Ksh.50,000
    Other Features As per the contract certificate
    Fixed Deposit Charges
    Minimum opening balance Ksh.50,000
    Other Features As per the contract certificate
    Executive Banking Service
    Executive Banking Membership Charges
    Minimum account balance Ksh.50,000
    Monthly Membership fees Ksh. 1,000  if balance maintained is Ksh.50,000 &
    above
    Ksh.1,500 if the balance goes below Ksh.50,000
    within the month
    Executive Banking Plus Membership Charges
    Minimum account balance Ksh.100,000
    Monthly Membership fees Ksh.2,000 if balance maintained is Ksh.100,000 &
    above
    Ksh.2,500 if the balance goes below Ksh.100,000
    within the month
    Salary Processing Charges
    Clearing & Remittances
    Clearing Cheques Free
    EFT (from other banks)
    Inward EFTs Ksh.0 to Ksh.200
    Salary Processing Charges
    Manual Ksh.0 to Ksh.250 (Depending on customer agreement with
    the bank)
    Unpaid Cheques Charges
    Refer to drawer Ksh.2,500
    Payee Ksh. 500
    Uncleared e ects Ksh.2,500
    Technical reason Ksh.700
    Cheques paid against ENC& Excesses 3% of ENC or Excess MinimumKsh. 2,000
    amount per cheque
    Cheques paid against ENC& Excesses  for Saccos Ksh.1,000  per cheque
    Unpaid Cheques ,Refer to drawer & e ects not cleared USD 25, GBP 25 for all reasons
    Minimum interest charge for OD Actual cost min. Ksh.500 per cheque
    Certificate of balance Ksh.400 per certificate
    Stop payment per notice Ksh.400
    Standing Orders Charges
    On establishment (External) Ksh.250 per instructions
    On establishment (Internal) Free
    Amendment Ksh.250
    Processing of Standing Order Charges
    To same bank (Co -op) Free
    To other banks Ksh.200 per payment
    All loan accounts Free
    Unpaid Standing Order Charges
    Lack of Funds (External) Ksh.2,500
    Lack of Funds (Internal ) Free
    Stopped /Deletion Ksh.500
    Direct Debits Charges
    Bulk payments Between Ksh.30  to Ksh.200 negotiable payableby the
    originatorof  DDA
    DDA`S from other banks Ksh.150 per customer
    Originator of DDA is our account holder Ksh.50 to Ksh.200 negotiableto the customer who signed up
    for DDA
    Unpaid Direct Debits (Lack of funds) Ksh.300
    GUARANTEES
    Guarantee issuance in Kenya shilling
    Commission Type Charges
    Shipping Guarantees (must be for Imports under a collection 1.25% per half year or part thereof Min. Ksh.2,000
    or letter of Credit and absence of B/L can be Adequately
    explained)
    Wholly secured by cash or 1st class bank counter guarantee 2% yearly or part thereof Min. Ksh.1,000
    Guarantee not wholly secured – issued in Ksh.(including 1.25% per half year or part thereof Min. Ksh.2,000
    Shipping Guarantee Bonds)
    Guarantee wholly secured -other than cash 1.25% per half year or part thereof Min. Ksh.2,000
    Totally unsecured (in local currency) 1.25% per half year or part thereof Min. Ksh.2,000 for other
    guarantee types
    Totally unsecured -Bid Bonds (in local currency) 1% per half year or part thereof Min. Ksh. 2,000 for bid bonds
    Guarantee issuance in Foreign Currency 1% per half year or part thereof Min. Ksh. 2,000
    Guarantee issuance in foreign currency with Cross -border 1% per half year or part thereof Min. Ksh. 2,000
    exposure
    Amendments to guarantees per half year Ksh.1,000 plus transmission charges
    Ksh. 2,500 if transmission through swi
    Documentary Outward LCs Charges
    Issuance 0.5% per quarter, minimum Ksh.1,000
    Acceptance/Usance 0.5% per quarter, minimum Ksh.1,000
    Amendments Charges
    Increase amount of credit 0.5% per quarter, minimum Ksh.1,000
    Change of expiry date 0.5% per quarter, minimum Ksh.1,000 (if it moves to the next
    quarter)
    if not charge the general amendments of Ksh.2,000
    Other amendments Ksh.2,000 per amendments
    Payment 0.25% flat, min. Ksh.1000
    Discharge (When credit expires with less 50% utilization ) 0.1% on balance, minimum Ksh.500
    Cable /SWIFT Charges
    Full Ksh.5,000
    Short Ksh.2,500
    Documentary  Letters  of Credit (Inward) Charges
    Advising without confirmation
    Customer Ksh.2,500
    Non -Customers Khs.2,500
    Advising credit & adding confirmation Charges
    Customers 0.5% +telex or cables /swi  charges of Ksh.2,500
    Non -Customers 0.5% +telex or cables /swi  charges of Ksh.2,500
    Bills Negotiated under credit or advance made in Ksh.(or other Charges
    currencies)
    Customers 0.3% min Ksh.1,000 plus interest for tenor period (Min
    USD.20 or equivalent)
    Non -Customers 0.4% min Ksh.2,000 plus interest for tenor period (Min
    USD.20 or equivalent)
    Charge for bonding goods.  Holding commission  / where bill is Charges
    outstanding
    1 month a er due date Ksh.1,000 flat per month
    Note /protest Ksh.1,000 per bill plus notary fees
    Document handling charge Ksh.1,000 plus collection commission (unpaid /unaccepted)
    Discharging to other banks Ksh.2,000 per discharge
    Letters of Credit, Bills collections and  Bill avalisation
    Product Description Charges
    Import Letters of Credit Issuance Commission 0.5% per quarter or part thereof minimum Ksh.1,000
    (Outward LC’s)
    Acceptance Commission (For Usance 0.5% per quarter or part thereof minimum Ksh.1,000
    LC’s)
    0.25% flat minimum Ksh.1,000 plus SWIFT fee
    Retirement/Payment Commission. Ksh.1,500
    Issuance SWIFT fee (Long message) Ksh.5,000
    Postage fee Actual Courier charges
    General Amendment in wording Ksh.2,000
    Amendment (Increase in value or 0.5% per quarter or part thereof minimum Ksh.1,000
    extension of period)
    Discrepancy fee USD 60 or its equivalent, minimum Ksh.1,000
    Structuring fee on back to back LC’s 1% on overall facility minimum Ksh.5,000
    Non-presentation of copy of documents USD 18.00 or Equivalent, Minimum Ksh. 1,000
    for banks filing
    Discharging (when credit expires with 0.1% on balance, minimum Ksh. 500
    less 50% utilization
    Export Letters of Credit (Inward Advising without confirmation Ksh.2,500 plus SWIFT fee of Ksh.2,500
    LC’s)
    Advising with confirmation 0.5% p.q plus SWIFT charges of Ksh.2,500
    SWIFT fee if advised via bank Ksh.2,500
    Postage Actual courier charges
    Bill Negotiating under credit or advance Customer 0.3% flat minimum Ksh.1,000 plus interest for
    made in Ksh or other currencies tenor period min USD 20 or equivalent
    Non-customer 0.4% flat Minimum Ksh.2,000
    Documentary Collections Processing & Payment fee 0.3% of documentary collection amount, min Ksh.1,000
    (Imports & Exports) (Flat)
    SWIFT fee on imports collection only Ksh.2,000
    Bills drawn on countries where the bank Additional charge of Ksh.500
    is not represented
    Bills drawn in currency di erent from Additional charge of Ksh.500
    that of paying bank
    Release of documents against 0.15% of value, min. Ksh.600 max. Ksh.5,000
    undertaking
    Post Due Commission Nil
    Tracer/Chaser for payments not Ksh.600 plus related cost involved
    received.
    Extension of bills 0.3% of documentary collection amount, min Ksh.1,000
    (Flat), plus the SWIFT charges Ksh.1000
    Charges for bonding goods Ksh.1,000 plus bonding and consignment fees
    Holding commission /where bill is Ksh. 1,000 flat per month
    outstanding 1 month a er due date
    Nole/Protest Ksh.1,000 per bill plus notary fee
    Document handling charge Ksh.1,000 plus collection commission (unpaid/
    (unaccepted) unaccepted)
    Discharging to other banks Ksh.2,000 per discharge
    Bill avalisation Avalisation fee 0.5% per quarter, minimum Ksh.1,000
    SWIFT Charges One o  charge of Ksh.5,000
    Clean Payments (Customer Commission on abroad payments One o  charge of Ksh.1,500
    transfers)
    RTGS for local payments One o  charge of Ksh.500
    Bank Guarantees
    Product Description Charges
    Bid Bonds Issuance Commission – unsecured and 0.5% per quarter or part thereof minimum Ksh. 2,000
    partially secured
    Issuance Commission -secured and Cash 1% per half year minimum Ksh.1,000
    Cover
    Other Bank Guarantees Issuance Commission 2.5% per year minimum Ksh.2,000
    Issuance Commission -Fully cash 2% per year minimum Ksh.1,000
    covered or 1st class bank counter
    guarantee
    Amendments to guarantees Ksh.1,000 plus SWIFT charges Ksh.1,500, if transmission
    through SWIFT
    Export Bank Guarantees Advising Fee Ksh.2,500
    SWIFT fee if advised via Bank Ksh.2,500
    Payment 0.375% flat minimum Ksh.1,000

    Negotiating documents Customer 0.3% MinimumKsh.2,000
    Non- customer 0.4% MinimumKsh.2,000
    Funded Trade Loans,  Commodity finance and Supply Chain Finance
    Product Description Charges
    Trade Loans -LPO LPO Advance fee 2.5% one o  on funds advanced
    Interest Rate (Base Rate plus margin of 4% p.a. )
    Extension fee (Advance fee + Interest rate) upon application
    Penalty Fee 5% per month
    Trade Loans – Invoice Discounting fee 2.5% on advanced amount
    Discounting
    Interest Rate (Base Rate plus margin of 4% p.a. )
    Extension fee (Discounting fee+ Interest Rate) upon application
    Penalty Fee 5% per month
    Trade Loans -Short Term Loans Loan appraisal fee 2.5% per annum
    Interest rate (Base Rate plus margin of 4% p.a. )
    Trade Loans -Bill Negotiated Processing fee & interest Customer: 0.3% min. Ksh. 1,000 plus interest for tenor
    under an LC period (min. USD 20 or equivalent)
    Non-Customer : 0.4% min. Ksh.1,000 plus interest for tenor
    period(Min. USD20 or equivalent)
    Commodity Finance Structuring fee 1% p.a for corporates
    2.5% p.a for retail customer
    Interest rate (Base Rate plus margin of 4% p.a.)
    Other fees As per TF products will apply (LC charges, BillAvalization
    etc.)
    Direct Import Financing Appraisal fee 3% per annum
    Interest rate (Base Rate plus margin of 4% p.a.)
    Structured  Trade Finance Structuring fees 1%
    Other Fees: Dependent on the product used to structure the facility.
    Each product pricing shall apply
    Trade Loans -Post Import Structuring Fee 2.5% per drawdown
    Finance
    Interest rate (Base Rate plus margin of 4% p.a.)
    Trade Loans -Import Duty Appraisal fee 2.5% on the advanced amount
    Finance
    Interest rate (Base Rate plus margin of 4% p.a.)
    Cash Withdrawal Charges
    Over the counter withdrawal for Hekima Savings account Ksh.0
    Over the counter withdrawal for Transactional Accounts Ksh.100
    Salary Processing Charges
    Pension Ksh.130
    FOSA Salary Ksh.50
    Salary returned to employer Ksh.200 for instrument
    Produce proceeds -proceeds Ksh.100
    Cash Handling Commission Charges
    Deposits Nil
    Withdrawals Nil
    Handling Large coins on relationship basis for saccos Ksh.100 per bag of coins
    Fees payment into school Account Free
    Bankers opinion Ksh.1000
    Access of back data stored with the bank for saccos Ksh.200 per visit
    Mutilated Notes collection 1% of amount minimum Ksh.2000
    Statements Charges
    Scheduled statements Free
    E -statements Free
    Interim statements per page Ksh.100
    ATM Mini Statements Free
    Daily and special request Statements Ksh.100 Per Page
    Duplicate/additional statements/old records Ksh.250
    2-5 years Ksh.500 Per Copy
    5 years Ksh.1,000 Per Copy
    Closed account (cash) Ksh.1,000 Per Copy
    Old Records Charges
    Retrieval (cheques, vouchers) Ksh.250 Per Copy
    RTS Mail Charges
    Where the Bank is not at fault Ksh.100 Per each returned
    Stop Payments (Customer  Cheques) Charges
    Foreign Currency Account US$ 5 or equivalent per cheque
    Current Account Ksh.400
    Closure of Account Charges
    Goldfish Account Free
    Foreign Currency Current Account US$ 5 or equivalent
    All other accounts:
    Less than three months Free
    3 months to 6 months
    Over 6 months
    Transfer of Accounts (inter-branch)
    Current (Memo Group 02120, Savings  (Memo Group 02100,
    03120 & 22120) 03100 & 22100)
    Opening Balance USD 10 USD 10
    GBP 10 GBP 10
    EUR 10 EUR 10
    Minimum Operating Balance Nil Nil
    Account Maintenance Fee (P.m) USD 5 Nil
    GBP 5
    EUR 5
    Stop payments USD 4 N/A
    GBP 4
    EUR 4
    Unpaid Cheques, Refer to Drawer& E ects Not USD 25 N/A
    Cleared EUR 25
    GBP 25
    Encashment of ird  -Party Cheques  drawn USD 5 N/A
    own bank GBP 5
    EUR 5
    Cheque book – 25 leaves USD 3.50 N/A
    GBP 3.50
    EUR 3.50
    Cheque book – 50 leaves USD 7 N/A
    GBP 7
    EUR 7
    Counter cheque USD 4 N/A
    GBP 4
    EUR 4
    Internal Transfer (Self) Free Free
    Outward SWIFT Ksh.1,500 equivalent in Ksh.1,500 equivalent in
    respective currency respective currency
    Statement USD 2.0/page USD 2.0/ page
    EUR 2.0/page EUR 2.0/ page
    GBP 2.0/page GBP 2.0/ page
    * Free E -statement * Free E -statement
    Current Account Savings  Account
    Dormant Account Re -activation Nil Nil
    Cash withdrawal 0.25% for amounts above 0.25% for amounts above
    USD 5,000 USD 5,000
    GBP 3,800 GBP 3,800
    EUR 4,700 EUR 4,700
    Cash deposit Up to USD 40,000- Free Up to USD 40,000- Free
    Above USD 40,000, Above USD 40,000,
    GBP 30,000 & GBP 30,000 &
    EUR 38,000- EUR 38,000-
    0.25% of the amount 0.25% of the amount
    Account Closure USD 5 USD 5
    EUR 5 EUR 5
    GBP 5 GBP 5
    NB: Where there are conversions from one currency to another, the bank doesn`t charge withdrawal or
    cash handling fee
    Purchase of Treasury Bills/ Bonds on behalf of customers Charges
    Up to Ksh.10 million 1% of interest earned min Ksh.1,500
    Above Ksh.10 million up to Ksh.50 million 0.75% interest earned min Ksh.1,500
    Over Ksh.50 million 0.5% interest earned min Ksh.1,500
    Foreign Transfer of Funds (Outward)
    Mail Transfer Charges
    Customers Ksh.1,500
    Non –Customer Ksh.1,500
    Foreign Currency Dra s (In Ksh or Equivalent in Forex Charges
    Dra s on application Ksh.500 plus cash handling charges (where applicable)
    Postage Ksh. 100
    Stamp duty Ksh. 2.50
    Payment advising fee Ksh.500 (for Dra s drawn on SA, Indian banks and all dra s
    of value of $5000 and above
    Replacement of Dra s / IMO Ksh.250 per request plus cost of cable
    Stop Payment instructions Charges
    Commission Ksh.1,000 plus 20% excise duty
    Other foreign bank`s charges Ksh, Depends on Correspondent Bank
    Foreign Transfer of Funds (Inwards) Charges
    Bills of Collection Commission of Ksh.1,000
    Courier charges (as per what has been charged by the service
    provider
    Unpaid cheques Commission of Ksh.1,000
    Other Money Transfer Charges Charges
    Incoming RTGS Free
    RTGS Out going Ksh.500 regardless of amount
    SWIFT Charges (Outgoing) Ksh.1,500  regardless of amount
    Incoming SWIFT payments Ksh.500
    Outgoing /Incoming Customer Requests /Inquires Ksh.600
    /Amendments through SWIFT
    Foreign Bills for Collection  (Inward) Charges
    Clean 0.3% flat , min Ksh.1000 (Applies to any amount )
    Documentary 0.3% flat , min Ksh.1000 (Applies to any amount )
    Tracer /Chaser Ksh.600 plus related costs incurred
    Extensions of bills 0.3% ,min Ksh.1000 plus cables/ SWIFT charges of Ksh.1000
    Charge for bonding goods Charges
    Holding commission / where bill is outstanding Nil
    1 month a er due date Ksh.1000 flat per month
    Note /protest Ksh.1000 per bill plus notary fees
    Document handling charge Ksh.1000 plus collection commission (unpaid /unaccepted)
    Discharging to other banks Ksh.2,000 per discharge
    Foreign Bills for Collection  (Outward) Charges
    Clean Nil
    Minimum bill amount USD 50 0.3% flat ,min Ksh.1000 plus courier or equivalent charges
    (Applies to any amount above USD.500)
    Bills drawn on countries where the bank is not represented Additional charges of Ksh.500
    Bills drawn in currency di erent from that of the paying Additional charges of Ksh.500
    bank`s
    Bills drawn in Swiss Francs (CHF) 5 SCF or equivalent as additional charges courier charges
    Documentary Charges
    Tracer/ Chase for payment not received Ksh.600 plus related costs incurred
    Other Charges
    Stop payment charges for EURO &GBP
    Unpaid Deferred Forex Cheques USD 7, GBP 7 & EURO 7
    Unpaid Co -op Forex Cheques technical reasons USD 10, GBP 10 & EURO 10
    Unpaid Cheques , Payee USD 7, GBP 7 & EURO 7
    Clearing cheques -Free
    Bank cheques issuance commission:
    To customers -Ksh.200 per cheques
    To Non-Customers -Ksh.200 per cheques

     

    Maintenance fee Nil
    Goldfish Account Charges
    Minimum opening balance Ksh.50,000
    Minimum operating balance Ksh.50,000
    Maintenance fee Ksh.400 for amounts less than Ksh.50,000

     

     

     

    Instant Access Account Charges
    Minimum opening balance Ksh.1,500
    Minimum operating balance Ksh.1,000
    Maintenance fee Ksh.200 for amounts less than Ksh.20,000
    Debit Card Ksh.500
    Call Deposit Charges
    Minimum opening balance Ksh.50,000
    Other Features As per the contract certificate
    Fixed Deposit Charges
    Minimum opening balance Ksh.50,000
    Other Features As per the contract certificate
    Executive Banking Service
    Executive Banking Membership Charges
    Minimum account balance Ksh.50,000
    Monthly Membership fees Ksh. 1,000  if balance maintained is Ksh.50,000 &
    above
    Ksh.1,500 if the balance goes below Ksh.50,000
    within the month
    Executive Banking Plus Membership Charges
    Minimum account balance Ksh.100,000
    Monthly Membership fees Ksh.2,000 if balance maintained is Ksh.100,000 &
    above
    Ksh.2,500 if the balance goes below Ksh.100,000
    within the month
    Salary Processing Charges
    Clearing & Remittances
    Clearing Cheques Free
    EFT (from other banks)
    Inward EFTs Ksh.0 to Ksh.200
    Salary Processing Charges
    Manual Ksh.0 to Ksh.250 (Depending on customer agreement with
    the bank)
    Unpaid Cheques Charges
    Refer to drawer Ksh.2,500
    Payee Ksh. 500
    Uncleared e ects Ksh.2,500
    Technical reason Ksh.700
    Cheques paid against ENC& Excesses 3% of ENC or Excess MinimumKsh. 2,000
    amount per cheque
    Cheques paid against ENC& Excesses  for Saccos Ksh.1,000  per cheque
    Unpaid Cheques ,Refer to drawer & e ects not cleared USD 25, GBP 25 for all reasons
    Minimum interest charge for OD Actual cost min. Ksh.500 per cheque
    Certificate of balance Ksh.400 per certificate
    Stop payment per notice Ksh.400
    Standing Orders Charges
    On establishment (External) Ksh.250 per instructions
    On establishment (Internal) Free
    Amendment Ksh.250
    Processing of Standing Order Charges
    To same bank (Co -op) Free
    To other banks Ksh.200 per payment
    All loan accounts Free
    Unpaid Standing Order Charges
    Lack of Funds (External) Ksh.2,500
    Lack of Funds (Internal ) Free
    Stopped /Deletion Ksh.500
    Direct Debits Charges
    Bulk payments Between Ksh.30  to Ksh.200 negotiable payableby the
    originatorof  DDA
    DDA`S from other banks Ksh.150 per customer
    Originator of DDA is our account holder Ksh.50 to Ksh.200 negotiableto the customer who signed up
    for DDA
    Unpaid Direct Debits (Lack of funds) Ksh.300
    GUARANTEES
    Guarantee issuance in Kenya shilling
    Commission Type Charges
    Shipping Guarantees (must be for Imports under a collection 1.25% per half year or part thereof Min. Ksh.2,000
    or letter of Credit and absence of B/L can be Adequately
    explained)
    Wholly secured by cash or 1st class bank counter guarantee 2% yearly or part thereof Min. Ksh.1,000
    Guarantee not wholly secured – issued in Ksh.(including 1.25% per half year or part thereof Min. Ksh.2,000
    Shipping Guarantee Bonds)
    Guarantee wholly secured -other than cash 1.25% per half year or part thereof Min. Ksh.2,000
    Totally unsecured (in local currency) 1.25% per half year or part thereof Min. Ksh.2,000 for other
    guarantee types
    Totally unsecured -Bid Bonds (in local currency) 1% per half year or part thereof Min. Ksh. 2,000 for bid bonds
    Guarantee issuance in Foreign Currency 1% per half year or part thereof Min. Ksh. 2,000
    Guarantee issuance in foreign currency with Cross -border 1% per half year or part thereof Min. Ksh. 2,000
    exposure
    Amendments to guarantees per half year Ksh.1,000 plus transmission charges
    Ksh. 2,500 if transmission through swi
    Documentary Outward LCs Charges
    Issuance 0.5% per quarter, minimum Ksh.1,000
    Acceptance/Usance 0.5% per quarter, minimum Ksh.1,000
    Amendments Charges
    Increase amount of credit 0.5% per quarter, minimum Ksh.1,000
    Change of expiry date 0.5% per quarter, minimum Ksh.1,000 (if it moves to the next
    quarter)
    if not charge the general amendments of Ksh.2,000
    Other amendments Ksh.2,000 per amendments
    Payment 0.25% flat, min. Ksh.1000
    Discharge (When credit expires with less 50% utilization ) 0.1% on balance, minimum Ksh.500
    Cable /SWIFT Charges
    Full Ksh.5,000
    Short Ksh.2,500
    Documentary  Letters  of Credit (Inward) Charges
    Advising without confirmation
    Customer Ksh.2,500
    Non -Customers Khs.2,500
    Advising credit & adding confirmation Charges
    Customers 0.5% +telex or cables /swi  charges of Ksh.2,500
    Non -Customers 0.5% +telex or cables /swi  charges of Ksh.2,500
    Bills Negotiated under credit or advance made in Ksh.(or other Charges
    currencies)
    Customers 0.3% min Ksh.1,000 plus interest for tenor period (Min
    USD.20 or equivalent)
    Non -Customers 0.4% min Ksh.2,000 plus interest for tenor period (Min
    USD.20 or equivalent)
    Charge for bonding goods.  Holding commission  / where bill is Charges
    outstanding
    1 month a er due date Ksh.1,000 flat per month
    Note /protest Ksh.1,000 per bill plus notary fees
    Document handling charge Ksh.1,000 plus collection commission (unpaid /unaccepted)
    Discharging to other banks Ksh.2,000 per discharge
    Letters of Credit, Bills collections and  Bill avalisation
    Product Description Charges
    Import Letters of Credit Issuance Commission 0.5% per quarter or part thereof minimum Ksh.1,000
    (Outward LC’s)
    Acceptance Commission (For Usance 0.5% per quarter or part thereof minimum Ksh.1,000
    LC’s)
    0.25% flat minimum Ksh.1,000 plus SWIFT fee
    Retirement/Payment Commission. Ksh.1,500
    Issuance SWIFT fee (Long message) Ksh.5,000
    Postage fee Actual Courier charges
    General Amendment in wording Ksh.2,000
    Amendment (Increase in value or 0.5% per quarter or part thereof minimum Ksh.1,000
    extension of period)
    Discrepancy fee USD 60 or its equivalent, minimum Ksh.1,000
    Structuring fee on back to back LC’s 1% on overall facility minimum Ksh.5,000
    Non-presentation of copy of documents USD 18.00 or Equivalent, Minimum Ksh. 1,000
    for banks filing
    Discharging (when credit expires with 0.1% on balance, minimum Ksh. 500
    less 50% utilization
    Export Letters of Credit (Inward Advising without confirmation Ksh.2,500 plus SWIFT fee of Ksh.2,500
    LC’s)
    Advising with confirmation 0.5% p.q plus SWIFT charges of Ksh.2,500
    SWIFT fee if advised via bank Ksh.2,500
    Postage Actual courier charges
    Bill Negotiating under credit or advance Customer 0.3% flat minimum Ksh.1,000 plus interest for
    made in Ksh or other currencies tenor period min USD 20 or equivalent
    Non-customer 0.4% flat Minimum Ksh.2,000
    Documentary Collections Processing & Payment fee 0.3% of documentary collection amount, min Ksh.1,000
    (Imports & Exports) (Flat)
    SWIFT fee on imports collection only Ksh.2,000
    Bills drawn on countries where the bank Additional charge of Ksh.500
    is not represented
    Bills drawn in currency di erent from Additional charge of Ksh.500
    that of paying bank
    Release of documents against 0.15% of value, min. Ksh.600 max. Ksh.5,000
    undertaking
    Post Due Commission Nil
    Tracer/Chaser for payments not Ksh.600 plus related cost involved
    received.
    Extension of bills 0.3% of documentary collection amount, min Ksh.1,000
    (Flat), plus the SWIFT charges Ksh.1000
    Charges for bonding goods Ksh.1,000 plus bonding and consignment fees
    Holding commission /where bill is Ksh. 1,000 flat per month
    outstanding 1 month a er due date
    Nole/Protest Ksh.1,000 per bill plus notary fee
    Document handling charge Ksh.1,000 plus collection commission (unpaid/
    (unaccepted) unaccepted)
    Discharging to other banks Ksh.2,000 per discharge
    Bill avalisation Avalisation fee 0.5% per quarter, minimum Ksh.1,000
    SWIFT Charges One o  charge of Ksh.5,000
    Clean Payments (Customer Commission on abroad payments One o  charge of Ksh.1,500
    transfers)
    RTGS for local payments One o  charge of Ksh.500
    Bank Guarantees
    Product Description Charges
    Bid Bonds Issuance Commission – unsecured and 0.5% per quarter or part thereof minimum Ksh. 2,000
    partially secured
    Issuance Commission -secured and Cash 1% per half year minimum Ksh.1,000
    Cover
    Other Bank Guarantees Issuance Commission 2.5% per year minimum Ksh.2,000
    Issuance Commission -Fully cash 2% per year minimum Ksh.1,000
    covered or 1st class bank counter
    Negotiating documents Customer 0.3% MinimumKsh.2,000
    Non- customer 0.4% MinimumKsh.2,000
    Funded Trade Loans,  Commodity finance and Supply Chain Finance
    Product Description Charges
    Trade Loans -LPO LPO Advance fee 2.5% one o  on funds advanced
    Interest Rate (Base Rate plus margin of 4% p.a. )
    Extension fee (Advance fee + Interest rate) upon application
    Penalty Fee 5% per month
    Trade Loans – Invoice Discounting fee 2.5% on advanced amount
    Discounting
    Interest Rate (Base Rate plus margin of 4% p.a. )
    Extension fee (Discounting fee+ Interest Rate) upon application
    Penalty Fee 5% per month
    Trade Loans -Short Term Loans Loan appraisal fee 2.5% per annum
    Interest rate (Base Rate plus margin of 4% p.a. )
    Trade Loans -Bill Negotiated Processing fee & interest Customer: 0.3% min. Ksh. 1,000 plus interest for tenor
    under an LC period (min. USD 20 or equivalent)
    Non-Customer : 0.4% min. Ksh.1,000 plus interest for tenor
    period(Min. USD20 or equivalent)
    Commodity Finance Structuring fee 1% p.a for corporates
    2.5% p.a for retail customer
    Interest rate (Base Rate plus margin of 4% p.a.)
    Other fees As per TF products will apply (LC charges, BillAvalization
    etc.)
    Direct Import Financing Appraisal fee 3% per annum
    Interest rate (Base Rate plus margin of 4% p.a.)
    Structured  Trade Finance Structuring fees 1%
    Other Fees: Dependent on the product used to structure the facility.
    Each product pricing shall apply
    Trade Loans -Post Import Structuring Fee 2.5% per drawdown
    Finance
    Interest rate (Base Rate plus margin of 4% p.a.)
    Trade Loans -Import Duty Appraisal fee 2.5% on the advanced amount
    Finance
    Interest rate (Base Rate plus margin of 4% p.a.)
    Cash Withdrawal Charges
    Over the counter withdrawal for Hekima Savings account Ksh.0
    Over the counter withdrawal for Transactional Accounts Ksh.100
    Salary Processing Charges
    Pension Ksh.130
    FOSA Salary Ksh.50
    Salary returned to employer Ksh.200 for instrument
    Produce proceeds -proceeds Ksh.100
    Cash Handling Commission Charges
    Deposits Nil
    Withdrawals Nil
    Handling Large coins on relationship basis for saccos Ksh.100 per bag of coins
    Fees payment into school Account Free
    Bankers opinion Ksh.1000
    Access of back data stored with the bank for saccos Ksh.200 per visit
    Mutilated Notes collection 1% of amount minimum Ksh.2000
    Statements Charges
    Scheduled statements Free
    E -statements Free
    Interim statements per page Ksh.100
    ATM Mini Statements Free
    Daily and special request Statements Ksh.100 Per Page
    Duplicate/additional statements/old records Ksh.250
    2-5 years Ksh.500 Per Copy
    5 years Ksh.1,000 Per Copy
    Closed account (cash) Ksh.1,000 Per Copy
    Old Records Charges
    Retrieval (cheques, vouchers) Ksh.250 Per Copy
    RTS Mail Charges
    Where the Bank is not at fault Ksh.100 Per each returned
    Stop Payments (Customer  Cheques) Charges
    Foreign Currency Account US$ 5 or equivalent per cheque
    Current Account Ksh.400
    Closure of Account Charges
    Goldfish Account Free
    Foreign Currency Current Account US$ 5 or equivalent
    All other accounts:
    Less than three months Free
    3 months to 6 months
    Over 6 months
    Transfer of Accounts (inter-branch)
    Current (Memo Group 02120, Savings  (Memo Group 02100,
    03120 & 22120) 03100 & 22100)
    Opening Balance USD 10 USD 10
    GBP 10 GBP 10
    EUR 10 EUR 10
    Minimum Operating Balance Nil Nil
    Account Maintenance Fee (P.m) USD 5 Nil
    GBP 5
    EUR 5
    Stop payments USD 4 N/A
    GBP 4
    EUR 4
    Unpaid Cheques, Refer to Drawer& E ects Not USD 25 N/A
    Cleared EUR 25
    GBP 25
    Encashment of ird  -Party Cheques  drawn USD 5 N/A
    own bank GBP 5
    EUR 5
    Cheque book – 25 leaves USD 3.50 N/A
    GBP 3.50
    EUR 3.50
    Cheque book – 50 leaves USD 7 N/A
    GBP 7
    EUR 7
    Counter cheque USD 4 N/A
    GBP 4
    EUR 4
    Internal Transfer (Self) Free Free
    Outward SWIFT Ksh.1,500 equivalent in Ksh.1,500 equivalent in
    respective currency respective currency
    Statement USD 2.0/page USD 2.0/ page
    EUR 2.0/page EUR 2.0/ page
    GBP 2.0/page GBP 2.0/ page
    * Free E -statement * Free E -statement
    Current Account Savings  Account
    Dormant Account Re -activation Nil Nil
    Cash withdrawal 0.25% for amounts above 0.25% for amounts above
    USD 5,000 USD 5,000
    GBP 3,800 GBP 3,800
    EUR 4,700 EUR 4,700
    Cash deposit Up to USD 40,000- Free Up to USD 40,000- Free
    Above USD 40,000, Above USD 40,000,
    GBP 30,000 & GBP 30,000 &
    EUR 38,000- EUR 38,000-
    0.25% of the amount 0.25% of the amount
    Account Closure USD 5 USD 5
    EUR 5 EUR 5
    GBP 5 GBP 5
    NB: Where there are conversions from one currency to another, the bank doesn`t charge withdrawal or
    cash handling fee
    Purchase of Treasury Bills/ Bonds on behalf of customers Charges
    Up to Ksh.10 million 1% of interest earned min Ksh.1,500
    Above Ksh.10 million up to Ksh.50 million 0.75% interest earned min Ksh.1,500
    Over Ksh.50 million 0.5% interest earned min Ksh.1,500
    Foreign Transfer of Funds (Outward)
    Mail Transfer Charges
    Customers Ksh.1,500
    Non –Customer Ksh.1,500
    Foreign Currency Dra s (In Ksh or Equivalent in Forex Charges
    Dra s on application Ksh.500 plus cash handling charges (where applicable)
    Postage Ksh. 100
    Stamp duty Ksh. 2.50
    Payment advising fee Ksh.500 (for Dra s drawn on SA, Indian banks and all dra s
    of value of $5000 and above
    Replacement of Dra s / IMO Ksh.250 per request plus cost of cable
    Stop Payment instructions Charges
    Commission Ksh.1,000 plus 20% excise duty
    Other foreign bank`s charges Ksh, Depends on Correspondent Bank
    Foreign Transfer of Funds (Inwards) Charges
    Bills of Collection Commission of Ksh.1,000
    Courier charges (as per what has been charged by the service
    provider
    Unpaid cheques Commission of Ksh.1,000
    Other Money Transfer Charges Charges
    Incoming RTGS Free
    RTGS Out going Ksh.500 regardless of amount
    SWIFT Charges (Outgoing) Ksh.1,500  regardless of amount
    Incoming SWIFT payments Ksh.500
    Outgoing /Incoming Customer Requests /Inquires Ksh.600
    /Amendments through SWIFT
    Foreign Bills for Collection  (Inward) Charges
    Clean 0.3% flat , min Ksh.1000 (Applies to any amount )
    Documentary 0.3% flat , min Ksh.1000 (Applies to any amount )
    Tracer /Chaser Ksh.600 plus related costs incurred
    Extensions of bills 0.3% ,min Ksh.1000 plus cables/ SWIFT charges of Ksh.1000
    Charge for bonding goods Charges
    Holding commission / where bill is outstanding Nil
    1 month a er due date Ksh.1000 flat per month
    Note /protest Ksh.1000 per bill plus notary fees
    Document handling charge Ksh.1000 plus collection commission (unpaid /unaccepted)
    Discharging to other banks Ksh.2,000 per discharge
    Foreign Bills for Collection  (Outward) Charges
    Clean Nil
    Minimum bill amount USD 50 0.3% flat ,min Ksh.1000 plus courier or equivalent charges
    (Applies to any amount above USD.500)
    Bills drawn on countries where the bank is not represented Additional charges of Ksh.500
    Bills drawn in currency di erent from that of the paying Additional charges of Ksh.500
    bank`s
    Bills drawn in Swiss Francs (CHF) 5 SCF or equivalent as additional charges courier charges
    Documentary Charges
    Tracer/ Chase for payment not received Ksh.600 plus related costs incurred
    Other Charges
    Stop payment charges for EURO &GBP
    Unpaid Deferred Forex Cheques USD 7, GBP 7 & EURO 7
    Unpaid Co -op Forex Cheques technical reasons USD 10, GBP 10 & EURO 10
    Unpaid Cheques , Payee USD 7, GBP 7 & EURO 7
    Clearing cheques -Free
    Bank cheques issuance commission:
    To customers -Ksh.200 per cheques
    To Non-Customers -Ksh.200 per cheques

     

     

     

  • Yako Bank Uganda Types of Accounts,Loans,Branches and Contacts

    Yako Bank Uganda Types of Accounts,Loans,Branches and Contacts

    Yako Bank is one of the best banks in Uganda. Here we provide details about their savings accounts, account opening requirements,loans,branches and contacts:

    Yako Bank List of Accounts

    Savings Account (Regular)

    Secure your future with Yako Bank

    Requirements.

    • Minimum Balance of UGX 10,000.
    • National ID (nationals), valid passport, visa and work permit (non-nationals).
    • Passport size photo.
    • Work Id/ employment contract.

    Benefits.

    • No Deposit fees.
    • Convenient access via network of branches.
    • Interest rate of up to 3% PA.
    • No Monthly maintenance Fees.
    • No Hidden or extra charges.

    Savings Account (Non Individual)

    Save Smart and earn high interest with the Yako Savings account.

    Requirements.

    • Minimum Balance of UGX 10,000.
    • National ID (nationals), valid passport, visa and work permit (non-nationals).
    • Passport size photo.
    • Work Id/ employment contract.

    Benefits.

    • No Deposit fees.
    • Convenient access via network of branches.
    • Interest rate of up to 3% PA.
    • No Monthly maintenance Fees.
    • No Hidden or extra charges.

    Savings Account (Corporate)

    Secure your future with Yako Bank

    Requirements.

    • Minimum opening balance of UGX 500,000 for individuals & UGX 1,000,000 for companies.
    • A Penalty of UGX 5,000 for balances below UGX 500,000.

    Benefits.

    • More rewards with more savings.
    • Maximum interest of up to 6% PA.
    • Interest is payable half-yearly.
    • Additional deposits allowed anytime.
    • Convenient Access to your funds.
    • No Cash Deposit Fees.

    Recurring Deposit Account

    Keeping you ahead with the right Deposit account.

    Requirements.

    • Minimum deposit of UGX 10,000.
    • Minimum of 6 Months.

    Benefits.

    • Attractive interest rates.
    • Convenient access to your account via our branch network.
    • No deposit fees.
    • 80% of deposit amount can be used as security to get a loan with no guarantee, if needed.
    • Statement of account provided at maturity

    Fixed Deposit Account

    Keeping you ahead with the right Deposit account.

    Requirements.

    • Minimum deposit of UGX 500,000.

    Benefits.

    • No upper limit for deposit.
    • Rewards for depositing more.
    • Deposit receipts and certificate issued on same day with all information.
    • Pre-mature withdrawal allowed with 1% less interest amount for tenure used.
    • 80% of deposit amount can be used as security to get a loan with no guarantee, if needed.

    Yako Bank List of Loans

    Housing and Corporate Housing Loan

    It can either be a personal loan or business loan

    HOUSING LOAN: Loan amount is below UGX 50,000,000.

    CORPORATE HOUSING LOAN: Loan amount is beyond UGX 50,000,000.

    PURPOSE.

    To buy land or develop land (build).

    REQUIREMENTS: (Individual)

    • 2 Passport size photographs.
    • National ID (for Ugandans) or Valid Passport, Visa and Work permit (for foreigners).
    • Appointment letter from work and work ID (for employees).
    • Proof of business ownership for self-employed people.
    • Pay slips from work or receipts (business) for the last 3 months.
    • Bank statement or Mobile Money Statement for the last 6 months.
    • Financial Card.
    • Security;
    • For developing Land: Land Title in the names of the borrower.
    • For buying Land: Land Title in the names of seller and Land Sale Agreement
    • Bills of quantities (for developing the land).
    • Copy of the building plan (for developing the land).
    • Land Valuation Report done by Yako Bank Valuer (Costs incurred by the borrower).
    • Cheques (6).
    • 2 Guarantors (Guarantor requirements)
    • Cheques (in case the borrower does not have cheques).
    • National ID (for Ugandans) or Valid Passport, Visa and Work permit (for foreigners).
    • 1 passport photo each
    • Savings Account with Yako Bank

    REQUIREMENTS: (Company)

    • Certificate of Incorporation or Registration.
    • Memorandum and Articles of Association.
    • Form 7, 18 and 20.
    • Partnership deed in case of a partnership.
    • Board resolution (account opening and loan with Yako Bank) registered with URSB.
    • Trading license (valid).
    • Tax Certificate.
    • Audited Books of Accounts.
    • Bank statement or financial statements for the last 6 months.
    • Proof of works done and current works e.g., contacts.
    • Company Debenture Form.
    • Financial Cards (for the company and its directors).
    • Company Cheques (6).
    • National IDs of directors (for nationals), or valid passport, visa and work permit (for foreigners).
    • Passport size photos (2 each) for the directors/signatories to the account.
    • Security;
    • For developing Land: Land Title in the names of the borrower.
    • For buying Land: Land Title in the names of seller and Land Sale Agreement.
    • Bills of quantities (for developing the land).
    • Copy of the building plan (for developing the land).
    • Land Valuation Report done by Yako Bank Valuer (Costs incurred by the borrower).
    • 2 Guarantors (Guarantor requirements).
    • Cheques (in case the borrower does not have cheques).
    • National ID (for Ugandans) or Valid Passport, Visa and Work permit (for foreigners).
    • 1 passport photo each.
    • Company Savings Account with Yako Bank

    Term and Corporate Term Loan

    It can either be a personal loan or business loan

    A Term Loan is a personal or business loan with a limit of UGX 50,000,000; whereas
    A Corporate Term Loan is a personal or business loan of any amount beyond UGX 50,000,000.

    PURPOSE.
    PERSONAL LOAN: For flexible use. It may involve a mixture of private and business expenses. Deployment of the loan is subjective.
    BUSINESS LOAN: To cater for business expenses only. Deployment of the loan is objective.

    REQUIREMENTS: (Individual)

    • 2 Passport size photographs.
    • National ID (for Ugandans) or Valid Passport, Visa and Work permit (for foreigners).
    • Pay slips from work or receipts (business) for the last 3 months.
    • Appointment letter from work and work ID (for employees).
    • Bank statement or Mobile Money Statement for the last 6 months.
    • Financial Card.
    • Savings Account with Yako Bank.
    • Security; Land title or Car logbook with Comprehensive insurance.
    • Valuation Report of the security done by Yako Bank.
    • Proof of Permanent Residence (Water or Electricity bill in the borrower’s names).
    • Cheques (6).
    • 2 Guarantors (Guarantor requirements)
    • Cheques (in case the borrower does not have cheques).
    • Proof or Permanent Residence (Water or Electricity bill in the borrower’s names) Only if the borrower has a temporary residence.
    • National ID (for Ugandans) or Valid Passport, Visa and Work permit (for foreigners).
    • 1 passport photo each

    REQUIREMENTS: (Company)

    • Certificate of Incorporation or Registration.
    • Memorandum and Articles of Association.
    • Form 7, 18 and 20.
    • Partnership deed in case of a partnership.
    • Board resolution (account opening and loan with Yako Bank) registered with URSB.
    • Trading license (valid).
    • Tax Certificate.
    • Audited Books of Accounts.
    • Bank statement or financial statements for the last 6 months.
    • Proof of works done and current works e.g. contacts.
    • Company Debenture Form.
    • Financial Cards (for the company and its directors).
    • Company Cheques (6).
    • National IDs of directors (for nationals), or valid passport, visa and work permit (for foreigners).
    • Passport size photos (2 each) for the directors/signatories to the account.
    • Security; Land title or Car logbook with Comprehensive insurance.
    • Valuation Report of the security done by Yako Bank.
    • 2 Guarantors (Guarantor requirements)
    • Cheques (in case the borrower does not have cheques).
    • National ID (for Ugandans) or Valid Passport, Visa and Work permit (for foreigners).
    • 1 passport photo each
    • Company Savings Account with Yako Bank

    Vehicle Loan

    PURPOSE.

    To buy personal or business vehicles.

    Features.

    VEHICLE LOAN: Loan amount is below UGX 50,000,000.

    CORPORATE VEHICLE LOAN: Loan amount is beyond UGX 50,000,000.

    REQUIREMENTS: (Individual)

    • 2 Passport size photographs.
    • National ID (for Ugandans) or Valid Passport, Visa and Work permit (for foreigners).
    • Driving Permit (Valid).
    • Pay slips from work or receipts (business) for the last 3 months.
    • roof of business ownership for self-employed people.
    • Appointment letter from work and work ID (for employees).
    • Bank statement or Mobile Money Statement for the last 6 months.
    • Uber Driver Statements for the last 6 months (Uber Driver’s only).
    • Financial Card.
    • Security; Car logbook of the vehicle to be purchased with Comprehensive insurance.
    • Selling Price of the Vehicle
    • New Vehicle: Invoice from the Bond
    • Old Vehicle: Valuation Report done by Yako Bank
    • Cheques (4).
    • Proof of Permanent Residence (Water or Electricity bill in the borrower’s names).
    • 2 Guarantors (Guarantor requirements)
    • Cheques (in case the borrower does not have cheques).
    • Proof of Permanent Residence (Water or Electricity bill in the borrower’s names) Only if the borrower has a temporary residence.
    • National ID (for Ugandans) or Valid Passport, Visa and Work permit (for foreigners).
    • 1 passport photo each
    • Savings Account with Yako Bank.

    REQUIREMENTS: (Company)

    • Certificate of Incorporation or Registration.
    • Memorandum and Articles of Association.
    • Form 7, 18 and 20.
    • Partnership deed in case of a partnership.
    • Board resolution (account opening and loan with Yako Bank) registered with URSB.
    • Trading license (valid).
    • Tax Certificate.
    • Audited Books of Accounts.
    • Bank statement or financial statements for the last 6 months.
    • Proof of works done and current works e.g. contacts.
    • Company Debenture Form.
    • Financial Cards (for the company and its directors).
    • Company Cheques (6).
    • National IDs of directors (for nationals), or valid passport, visa and work permit (for foreigners).
    • Passport size photos (2 each) for the directors/signatories to the account.
    • Security; Car logbook of the vehicle to be purchased with Comprehensive insurance.
    • Selling Price of the Vehicle
    • New Vehicle: Invoice from the Bond.
    • Old Vehicle: Valuation Report done by Yako Bank.
    • 2 Guarantors (Guarantor requirements).
    • Cheques (in case the borrower does not have cheques.)
    • National ID (for Ugandans) or Valid Passport, Visa and Work permit (for foreigners).
    • 1 passport photo each.
    • Company Savings Account with Yako Bank.

    Labour Export Loan

    PURPOSE.

    Financing visa and other related fee for the workers going to foreign countries and arranging Air Ticket.

    Target group: Recruitment Companies/Consultants for work abroad jointly with the worker going abroad.
    Facility type: Short term loan.

    Limit. Max 90% of the cost of air ticket and Visa fee within our single borrower exposure limit.

    Tenor. Max 12 Months.

    Repayment. Monthly installments.

    Primary Security.

    • Post dated cheques from Recruitment Agency.
    • Personal Guarantee by the Director/s of the Company.

    Collateral security. Charge on personal assets of the borrower/parents.

    Documents Required:

    • National ID/ Passport of the worker.
    • Copy of Visa/Work Permit.
    • 2 Recent Passport size photographs of worker going abroad.
    • Copy of offer letter for going abroad.
    • Board Resolution from the Corporate Client for opening deposit/loan account/s with us and Power of Attorney granted to its managers, officers and/or employees to transact on the account.
    • KYC Documents and photographs of the Directors/signatories. Work Permit/s if Foreigners.
    • Certified copies of Certificate of incorporation, Memorandum & Articles of Association, Form 20, Form 7, Form 18 (for address of the company).
    • Demand Promissory Note.
    • Loan Agreement.
    • Personal Guarantee executed by Director/s and parent/s of the borrower.

    Processing fee.

    1% of the loan amount.

    Late payment.

    A penalty of 1% of defaulted amount per month or its part.

    Insurance.

    2% Life Insurance of Borrower is desirable.

    Administrative charges. 1% of the loan amount.

    Salary Loan to Employees

    PURPOSE.

    For meeting personal requirements.

    Target group: Employees of reputed organisations having at least six months of confirmed service subject to our due diligence.
    Facility type: Short term loan.

    Limit. 3 times of gross salary subject to a maximum UGX 5,000,000.

    Tenor. Max 12 Months.

    Repayment. Monthly installments.

    Processing fee. 1% of the loan amount.

    Security. Undertaking from Employer to remit the instalment or Two Guarantors, one preferably a co-employee of substantial means.

    Documents Required:

    • National ID/ Passport.
    • Work permit in case of foreigner.
    • 2 Recent Passport size photographs.
    • Bank statement of last six months.
    • Proof of employment.
    • Promissory Note.
    • Loan Agreement.
    • Letter of Guarantee.

    Processing fee.
    1% of the loan amount.

    Delayed penalty.
    1% per month or its part of the amount in default.

    Insurance.
    2% of the loan amount.

    Administrative charges.
    1% of the loan amount.

    Boda Loans

    PURPOSE.
    For purchase of new boda.

    Target group: Boda Riders attached to stages.
    Facility type: Short term loan.

    Limit. Max 90% of the cost of the Boda within our single borrower exposure limit.

    Tenor. Max 24 months.

    Disbursement. By way of credit/remittance to the account of the Dealer.

    Repayment. Weekly Instalments.

    Primary security. Caveat on the Boda to be noted.

    Collateral Security. As suggested by the appraising officer.

    Documents Required:

    • National ID/ Passport.
    • Driving Permit.
    • 2 Recent Passport size photographs.
    • Copy of Invoice.
    • Details of Down payment/subsequent payments if any.
    • ID from Boda Boda Association/Stage Card.
    • Two Guarantors (One another Boda Rider and other from Family).
    • Demand Promissory Note.
    • Loan Agreement.
    • Letter of Guarantee.

    Processing fee. UGX 50,000.

    Late Payment. A penalty of UGX 5,000 of defaulted amount per month or its part.

    Tracking Device. GPS enabled tracking device to fitted to the Boda.

    Insurance. Comprehensive Insurance to be done.

    Tata Loans

    PURPOSE.

    Revamp your personal or business or fleet with our hassle free loans.

    Requirements (Individual).

    • National ID.
    • 2 Passport size photos.
    • Financial card (in case one does not have, we can process one at the office).
    • 6 months bank statement or mobile money statement.
    • TIN number.
    • Proforma invoice from TATA.
    • Invoice from TATA.
    • Guarantors (2) should provide; national ID, Passport size photos.
    • Down payment.
    • Personal cheques.
    • Business details/details of other sources of income
    • Purpose
    • Valid driving permit

    Requirements for Non-individual (companies)

    • Board resolution
    • Memorandum of understanding and articles of association
    • Trading license
    • TIN number
    • Form 20, 18, 7
    • Certificate of incorporation
    • Invoice from TATA
    • Contract with sugar factory
    • Lease agreement to hire land to grow sugar cane
    • National IDs and passport size photos of the directors
    • 6 months bank statement/mobile money statement
    • Personal guarantees of the directors
    • Financial card for the company
    • Down payment

    Agri-Business Loans

    Purpose

    Working Capital, Agricultural/Agro processing of raw materials, Intermediate products, Agri inputs, Equipment acquisition and Grains Trade Finance. Rural transport vehicle/infrastructure and so many more.

    Target Groups

    Private business, Individual farmers engaged in Agriculture and agro processing. Also cottage industries based on locally available raw materials and labour.

    Facility – Type Term Loan / Working Capital
    Limit Maximum – UGX 200,000,000

    Tenor

    • Crop raising tenure of the crop plus cushion for marketing & receipt of payment time lag period.
    • Max 48 months for the agro processing, Farm Mechanisation and equipments taken for hiring services to individual farmers, subject to availability of cash flows for repayment of loan.
    • Max 12 months the grain trade finance subject to annual review.
    • 36 Months for tractor financing & 24 months for implements by individual farmers.

    Yako Bank Branches and Contacts

    Forest Mall Branch and Head Office

    • Jinja Road
      Kampala, 256
    • +256) 707 999157
    • 08:30 AM – 05:00 PM
    • Mon, Tues, Wed, Thur, Fri, Sat

    Raja Branch

    • Parliamentary Avenue, Kampala
      Kampala, 256
    • +(256) 703 300743
    • info@yakobank.com
    • 08:30 AM – 05:00 PM
    • Mon, Tues, Wed, Thur, Fri, Sat

    Jinja Branch

    • Plot 45, Main Street Jinja
      Kampala, 256
    • (+256) 701 658575
    • info@yakobank.com
    • 08:30 AM – 05:00 PM
    • Mon, Tues, Wed, Thur, Fri, Sat
  • Finance Trust bank Uganda Savings accounts,Loans,Branches and Contacts

    Finance Trust bank Uganda Savings accounts,Loans,Branches and Contacts

    Below is a list of accounts offered by Finance Trust Bank Uganda,Loans,branches and Contacts:

    Finance Trust Uganda Branches and Contacts

    Arua Branch

    Plot 2 Duka Rd
    0740 002663

    Busia Branch

    Plot 69, Custom Road.
    0740 002668

    Central Branch

    Plot 1 Bombo Road, Sure House
    0740 002669

    Corporate Branch

    Plot 22B – TWED Plaza Lumumba Avenue
    070 1932901

    Entebbe Branch

    Plot 29, Kampala Road -Entebbe
    0740 002673

    Gomba Branch

    Block 212, Plot 117 Kanoni Town Council
    0740 002664

    Iganga Branch

    Plot 58A, Main Street.
    0740 002677

    Ishaka Branch

    Rukungiri Road,
    0740 002679

    Jinja Branch

    Plot 83 West Main street
    0740 002696

    Kabarole Branch

    Plot 7 Rukidi III Street
    0740 002698

    Kalangala Branch

    Plot 52/3 Main Road Kalangala
    0740 002700

    Kalerwe Branch

    Plot 641 Kibuga Mengo Kalerwe
    0740 002702

    Kampala Road Branch

    Plot 4 Kampala Road
    0740 002704

    Kamuli Branch

    Plot 1 Kitimbo Road
    0740 002705

    Kamwenge Branch

    Plot 10, Station Road
    0740 002706

    Kapchorwa Branch

    Plot 24 Tingey Road
    0740 002727

    Katwe Branch

    Plot 121 & 115,Block 6
    0740 002707

    Kayunga Branch

    Kayunga Town
    0740 002680

    Kitintale Branch

    Plot 1315 block 243 Kitintale T/C
    0740 002778

    Kumi Branch

    Plot 26A, Ngora Road
    0740 002681

    Lugazi Branch

    Plot 65 Block 316 Kla-Jinja Road
    0740 002684

    Lwengo Branch

    Mbirizzi Trading centre
    0740 002773

    Masaka Branch

    Plot 7 Edward Avenue Masaka Town,
    0740 002687

    Mbale Branch

    Plot 23 Republic Street.
    0740 002688

    Mbarara Branch

    Plot 31 High Street Mbarara.
    0740 002708

    Mukono Branch

    Plot 35, Kampala-Jinja Road
    0740 002709

    Nakivubo Branch

    Plot 30-32 Mackay Road, Kampala
    0740 002710

    Nansana Branch

    Plot 6003 Block 203
    0740 002735

    Nateete Branch

    Plot 1246 & 974
    0740 002711

    Ntungamo Branch

    Plot 18, Old Kabale Road,
    0740 002712

    Owino Branch

    Plot 769 (Kafumbe Mukasa Rd)
    0740 002713

    Pallisa Branch

    Plot 11, Gogonyo Road
    0740 002693

    Soroti Branch

    Plot 49 Gweri road.
    0740 002691

    Tororo Branch

    Plot 12, Bazaar Street
    0740 002690

    List of Saving Accounts, features and charges

    Trust Savers Account

    The Trust Savers Account offers secure, affordable and flexible services, conveniently through a fully computerized branch network spread nationwide.

    This product is for Individuals/ Joint/companies/ Business Savings needs.

    Benefits

    • A secure place to save your money
    • Affordable and flexible terms
    • Conveniently accessible through a fully computerized
    • Branch network
    • Earns Interest
    • Access to loans
    • For savings & Transactions purposes
    • Affordable medical Insurance for women

    Opening Requirements

    • Initial Opening Amount
    • 2 passport photographs
    • Valid identification
    • Letter of introduction from LC1/employer/lawyer
    • Trading license (for Business Savings accounts)
    • Partnership deed (for Partnership accounts)
    • Memorandum and Articles of Association (for companies)

    Mama’s Safe Individual Savings

    The Mama’s Safe Individual Savings account is a specifically tailored to women, aged 18 years and above. It is a safe and affordable account that comes with medical insurance cover for the principle account holder.

    These accounts empower hardworking women to access financial services as well as affordable quality health care. Unforeseen occurrences like sudden illness render you indisposed to your business and can wipe out your life savings.

    That is what makes the Finance Trust Mama’s products a must-have for every woman.

    Benefits

    • Easy and affordable account opening requirements
    • No deposit or withdrawal fees
    • Unlimited deposits and withdrawals
    • No inter-branch charges
    • ATM services available
    • Competitive interest rates paid on savings (2.5 – 5.5% pa)
    • On account balances of UShs 50,000 and above
    • Affordable and quality health care
    • Access to non-financial services

    Requirements

    • Valid identification (either village ID/LC letter, letter from recognised institution/employer, driver’s permit, passport, voters’ card, CRB financial card)
    • Minimum opening amount of UShs 5,000
    • Subscription to medical insurance is mandatory

    No Fee Deposit Account

    An affordable high interest deposit account designed to offer you convenient frequent deposits.

    Benefits

    • No fees
    • High interest earnings
    • You can deposit any amount any number of times daily
    • Enables you to grow your savings daily
    • Conveniently accessible
    • A secure account that is conveniently close to you

    Requirements

    • 2 passport photographs
    • Valid Identification
    • Letter of Introduction from LC1 /employer /Lawyer /reputable authority or Finance Trust Bank customer
    • Memorandum and Articles of Association (for companies)

    Note: You may withdraw 3 times in a month.

    Trust Dollar Account – Savings

    The Trust Dollar account offers secure, affordable, and flexible foreign exchange services. The dollar account may be operated by individuals, or as a joint account, businesses, Associations, Institutions who wish to operate savings accounts.

    Benefits

    • Transact in both Ugandan shillings and Dollars
    • Companies and institutions can appoint agents to transact on their behalf
    • Affordable and flexible terms
    • 1 free statement per month

    Requirements

    • 3 passport photos
    • Photocopy of Valid ID
    • Introductory letter from employer, LC (optional)

    Business Accounts

    • 2 passport photos per signatory
    • Memorandum and article of association
    • Partnership deed
    • Trading License
    • Business TIN
    • 2 referees

    Institutions

    (Co-operative Unions, NGOs, Governance Institutions)

    • Registered resolution to open an account with Finance Trust Bank
    • Certified copy of Certificate of incorporation
    • Certified Memorandum and Articles of Association
    • Valid trading license
    • Company TIN
    • Valid ID of signatories
    • Certified particulars of the institution’s directors
    • 2 referees required
    • 2 passport photos for each signatory

    Trust Halal Personal Account

    Trust Halal Personal Account is an affordable personal savings account designed to offer holistic banking to Sharia compliant individuals.

    Benefits

    • Free over the counter transactions
    • No monthly charges
    • No interest at all
    • No opening fees

    Requirements

    • Minimum deposit amount
    • Account holder should be 18 years and above
    • Identification as per policy
    • 2 recent passport photos

    Trust Halal Business Account

    This is an affordable business savings account designed to offer holistic banking for Sharia compliant businesses.

    Benefits

    • Free over the counter transactions
    • No interest at all
    • No opening fees

    Requirements

    • Valid identification for signatories
    • Certified Certificate of Incorporation/ Registration
    • Certified Company Form 20
    • Certified Statement of particulars for partnerships / sole proprietorships
    • Certified Memorandum and Articles of Association / Registered by-laws or Constitution
    • Certified Resolution to open account
    • Address verification of business as per bank policy
    • Trading License / Operating License where applicable
    • Add full KYC for the individual signatories to the business account

    List of Loans, Features and interest rates

    Women’s Agriculture Loan

    The Women’s Agriculture Loan is for women engaged in agriculture activities at various levels in the value chain. Individual women involved in farming activities at production level; individual women involved in agricultural processing who would like to add value to agricultural products before marketing; individual women involved in marketing of agricultural products & inputs.

    Benefits

    • Enables women in agriculture expand their businesses
    • Increase income
    • Pay back based on cashflow
    • Grace period where applicable

    Requirements

    • Borrower must be a woman
    • Must be 18 years and a permanent resident in the operational area where the loan is sought for at least 1 year
    • Should have a verifiable agricultural business and experience in a similar line for at least 1 year
    • Must have a savings account at FTB
    • Registration to CRB is mandatory
    • Sufficient collateral for the loan
    • Tenancy agreement if land for agriculture is hired
    • Guarantors required

    Agro Investment Loan

    The Agro–Investment Loan is availed to commercial farmers with small and medium enterprises involved in capital intensive agricultural activities along the value chain from production to marketing. This loan facilitates the acquisition of agricultural machinery, vehicles, storage facilities, land, farm houses etc, and is offered to individuals, groups, associations and companies dealing in agricultural investment.

    Benefits

    • Increase your working capital
    • Pay loan is small manageable instalments
    • Enjoy low interest rates
    • Pay loan over a long period of time
    • Farmers in groups can get up to 4 million per farmer
    • Grace period
    • Purchase business assets like cars, milk coolers, land, and irrigation equipment

    Requirements

    • Savings account
    • Savings account
    • Borrower must be 18 years and above
    • Sufficient collateral required
    • 1 reputable guarantor
    • Groups should have 15–30 members
    • Groups should have at least 5 members with similar agricultural investment activity

    Agro Production Loan

    The Agro–Production Loan is specially tailored for farmers who wish to increase their agricultural production yields. Do you wish to purchase seeds, pesticides, fertilisers, farm implements, and livestock? This loan is offered to individuals, joint, groups, partnerships, Associations and companies dealing in agricultural production.

    Benefits

    • Increase your working capital
    • Pay loan in small manageable
    • instalments Enjoy low interest rates
    • Pay loan over a long period of time
    • Grace period

    Requirements

    • Open a Savings account
    • Farmer must be 18 years and above
    • Collateral required
    • 1 reputable guarantor
    • Farmer should have a verifiable agricultural activity with at least 2 seasons

    Agro Processing Loan

    The Agro–Processing Loan is an affordable loan for farmers who wish to add value to agricultural products through processing before selling. It includes juice makers, poultry processors, beef processors etc, who want to purchase equipment used in processing of produce, like tarpaulins, packaging material, branding materials, water tanks, machinery including labour and other operating expenses. This loan is offered to individuals, joint, groups, Associations and companies dealing in agricultural processing.

    Benefits

    • Increase your working capital
    • Purchase processing equipment
    • Pay loan in small manageable instalments
    • Enjoy low interest rates
    • Pay loan over a long period of time
    • Repayment grace period

    Requirements

    • Open a Savings account
    • Farmer must be 18 years and above
    • Collateral required
    • 1 reputable guarantor
    • Farmer should have a verifiable agricultural processing unit

    Agro Marketing Loan

    The Agro–Marketing Loan is an affordable loan given to clients who buy and sell agricultural products. Clients that take this loan are allowed to purchase assets like cars for transportation, veterinary drugs, milk coolers and milk cans and branding materials. This loan is offered to individuals, joint, partnerships, groups, Associations and companies dealing in agricultural marketing.

    Benefits

    • Increase your working capital
    • Pay loan in small manageable instalments
    • Enjoy low interest rates
    • Pay loan over a long period of time
    • Grace period
    • Purchase business assets like cars, milk coolers, branding materials etc

    Requirements

    • Savings account
    • Farmer must be 18 years and above
    • Collateral required.
    • 1 reputable guarantor

     

  • Best Saccos with Fixed Deposit Account in Kenya, Interest rates

    Best Saccos with Fixed Deposit Account in Kenya, Interest rates

    When joining a Sacco in Kenya, look at the interest rate for the fixed deposit account. Normally, interest should be at least 8% per year. Below we list the best Saccos to join with highest interest rates in Kenya:

    Amref Sacco

    Fixed Deposit Account

    The minimum amount to invest is Ksh50,000.

    Key Features

    • Flexible Tenures: Whether you’re planning a short-term goal or a long-term dream. Choose from 3 to 12 months
    • Peace of Mind: Your principal amount is safe and sound, earning interest while you focus on what matters most.
    • Roll-Over Option: When your tenure ends, you can seamlessly roll over your principal and interest into a new period.
    • Guaranteed interest rate: Revised rates per annum (see table below)
    Tenure Less than
    500,000    		 500,000 to
    999,999    		 1,000,000 to
    1,999,999    		 2,000,000 to
    4,999,999    		 5,000,000 to
    9,999,999    		 10M and ·
    above
    3 ·Months 8.00% 8.25% 8.50% 8.75% 9.00% 9.25%
    6 ·Months 8.00% 8.50% 8.75% 9.00% 9.25% 10.00%
    9- Months 8.00% 8.75% 9.00% 9.25% 9.50% 11.00%
    12- Months 8.25% 8.75% 9.25% 9.50% 10.00% 12.00%
    Call deposit 6.00% 6.25% 6.50% 6.75% 7.00% 7.50%

    Univision Sacco

    Fixed Deposit Account

    Account Features

    Minimum amount of Kshs. 50,000

    Interest rates varying from 8% p.a to 13% p.a

    Minimum period to earn interest is 3 months, 6 months, 9 months and 12 months

    Withholding tax of 15% statutory requirement

    If you earn 13% per year and your saving is Ksh1,000,000, you are sure of taking home Ksh 130,000 per year.

    Kenya Highlands Sacco

    Fixed Deposit Account

    This account allows members to deposit their cash for a fixed period/Term so as to earn interest. Minimum amount is 20,000/=

    Interest ranges between 7% and 14% per year.

    UN DT Sacco

    Fixed Deposit Account

    Features

    This account is suitable for saving funds for a predetermined future need or speculation

    It earns attractive returns

    Minimum saving period of 3 months while maximum is 12 months

    Interest is calculated daily and credited at the maturity of the contract period

    Accrued interest is forfeited if you withdraw the funds prematurely before the maturity date

    You will be issued with a Certificate of Deposit upon depositing the money

    Upon maturity you can rollover the principal together with the interest, or collect interest and rollover the principal, or collect both principal and interest

    Interest is between 6.5% and 15% per year

    Tower Sacco

    Fixed Deposit Account

    • Minimum start up amount of Kshs.20,000
    • Contract period is 3 months, 6 months, 9 months and 12 months.
    • Competitive interest rates above market rates.

    No notice required to withdraw the fixed amount before or after maturity date.

    Interest is between 7% and 13% per year

    Kenya Police Sacco

    Fixed Deposit Account

    FIXED DEPOSIT ACCOUNT INTEREST RATES

     

    AMOUNT CALL 3 MONTHS 6 MONTHS 12 MONTHS
    10,000.00 – 49,999.00 5.0% P.a 5.5% P.a 6.5% P.a 7.0% P.a
               
    50,000.00 – 199,999.00 6.0% P.a 6.5% P.a 7.0% P.a 7.5% P.a
               
    200,000.00 – 499,999.00 7.0% P.a 7.5% P.a 8.0% P.a 8.5% P.a
               
    500,000.00 – 999,999.00 8.0% P.a 8.5% P.a 9.0% P.a 9.5% P.a
             
    1M ———-4,999,999.00 9.0% P.a 9.5% P.a 10.50% p.a 11% P.a
             
    5M-9,999,999.00   10.0% P.a 11.0% P.a 11.50% P.a
             
    10M & ABOVE   10.5% P.a 11.50%P.a 12.0% P.a
                 

    Nation Sacco

    Fixed Deposit Account

    Save with Nation DT Sacco Fixed Deposit Account. Enjoy fixed interest rates, flexible tenures, and guaranteed returns on your investment.

    • Deposit amount is fixed during the investment period.
    • Interest rate is fixed during the investment period.
    • Funds are available on maturity.
    • Minimum period for fixing is 3 months.
    • Minimum investment amount is Kshs 50,000 with no maximum investment limit.
    • Interest is forfeited upon early withdrawal of the principal amount.
    • Interest income is subject to a 15% withholding tax.

    Interest is between 8% and 12% per year

    Waumini Sacco

    Fixed Deposit Account

    Features

    1. Minimum start up deposit from as low as Kshs. 1,000.
    2. Minimum interest crediting period of 3 months.
    3. Very attractive interest rates.
    4. Open to re-investment at revised rates
    5. Can be used to secure Fosa Loan

    Interest:8% to 13% per year

    Trans Nation Sacco

    Fixed Deposit Account

    This is an account designed to enable the society members to save their chunks of money for investment or planning purposes for limited period thus fulfilling their need as well as keeping their savings secure. The longer the term the higher the interest that will be paid on the FD.

    Requirement
    1) Must be a society member.
    2) Photocopy of ID card.
    3) Dull filled and signed form.

    Other attributes to fixed account
    1. Minimum fixed amount of Ksh. 5,000.
    2. Minimum fixed period of one month.
    3. If one withdraws before the agreed period lapses, one looses the right of earning the agreed interest.

    Interest Rate:7.5% to 14% per year

    Stima Sacco

    SAVINGS ACCOUNT FEATURES
    Fixed Deposit Account • Fixed deposit account is a withdrawable deposit account where depositors can place short term deposits for a specified periods of time usually between three to twelve months.
    • The account targets members who wish to put aside funds for investment, and they are certain of the period that they can commit the funds.
    • Minimum deposit amount is Kes.5,000.
    • Funds can be fixed either for 3, 6 or 12 months.
    • Interest is computed daily and credited at the maturity of the contract period subject to a withholding tax of 5%.
    • Accrued interest is forfeited if a depositor withdraws the funds before maturity date.
    • The customer is issued with a Certificate of Deposit upon depositing the money.
    • The Certificate of Deposit details the amount deposited, date deposited, interest rate applicable, contract period and the maturity date.
    • Upon maturity the depositor can rollover the principal together with the interest or collect interest and rollover the principal or collect both principal and interest.
    Call Deposit Account • Funds can be recalled anytime without losing Interest.
    • Guaranteed return on Investment.
    • Minimum is Kes 5,000.
    Golden Savings Account •This is an investment option account that guarantees a minimum return monthly subject to the amount invested.
    • Amounts fixed for a period of 1 year.
    • Minimum Deposit is Kes.5,000.
    • Monthly returns can be wired to the beneficiaries upon request

    Interest Rate:6% to 13% per year

    Ndege Chai Sacco

    Fixed Deposit Account

    Members with liquid cash which they do not intend to use in the near future or have money for a long term project are encouraged to fix it in this account to earn an attractive interest instead of keeping it idle.

    • Minimum interest earning deposit Ksh 20,000 for 6 months
    • Negotiable and attractive interest rates,
    • No ledger fees,
    • May be used as security against FOSA loans,
    • Free internal standing order on maturity.

    Interest Rate:7% to 14% per year

    Sheria Sacco

    Fixed Deposit Account

    Features

    • Minimum amount for fixing is Kshs.10,000
    • No monthly fees charged
    • Interest calculated and paid on maturity
    • Access to overdraft equivalent to 80% of the balance in the fixed deposit account
    • Interest on the overdraft equivalent to the rate of the amount fixed.
    • Fixed deposit certificate will be issued upon placement

    Interest Rate:6.5% to 13% per year

    Solution Sacco

    Fixed Deposit Account

    Features:

    • Minimum Interest earning deposit is Kshs. 50,000 for a minimum duration of 3 months.
    • Interest is earned upon maturity of contract.

    Requirements:

    • Age – 18 years and above.
    • Be a member of Solution SACCO.
    • Passport size photo of yourself taken within the last 3 months.
    • National ID card copy (both sides).
    • Have your signature specimen captured.

    Interest Rate:6% to 12% per year

    Yetu Sacco

    Akiba Account( Fixed Deposit)

    This is a contractual account designed to embrace those with a passion to invest in finance.

    Features:

    • Accepts fixed deposits
    • No withdrawals before lapse of agreed period or interest is forfeited

    Benefits:

    • Best interest rates
    • Has a renewable contract
    • Interest rates payable upon maturity
    • Negotiable Interest rates

    If you negotiate well,they will give you interest of up to 13% per year

    Tai Sacco

    FIXED DEPOSIT ACCOUNT

    Features.

    • This account period is 3,6,9 or 12 months
    • Minimum deposit is Kshs. 20,000
    • Attractive interest earning.

    Benefits

    • Competitive interest rates for the period the money is held in the account.
    •  Short term investment Plan, ranging between 1 to 12 months.
    • Get to enjoy risk free returns on your your fixed savings deposit investment.

    Interest rate is between 7% and 12% per year

    Hazina Sacco

    Fixed Deposit Account

    • Minimum Deposit Ksh.20, 000
    • Minimum deposits period three (3) months
    • Interest rates negotiable which vary with amount and period

    Interest is from 6% to 14% annually

    Bingwa Sacco

    Fixed Deposits

    Features

    • No monthly management fee is charged, which means your savings do not get depleted by bank charges
    • There is no maximum balance.
    • Funds are available on maturity
    • The deposit amount is fixed during the investment period
    • The interest rate remains constant during the investment period, and is paid on maturity
    • Fixed investment periods range from 90 days up to 1 year extendable on request upto 5 years

    BENEFITS

    • Access to personal loans with the balance in the Fixed Deposit Account as security.
    • Start saving with us from as low as KES 20,000
    • Attractive returns with complete security and competitive interest rates.
    • You can reinvest your intrest on maturity

    Requirements

    • Be a member of the Sacco
    • Have funds in your savings/business/group account
    • We will atach a fixed deposit account to the provided account on fully filled and signed fixed deposit form
    • Get your Fixed deposit certificate

    Interest is between 6.5% and 13.5% per year

    Telepost Sacco

    Fixed Deposit Account

    Features and Benefits

    • Product is available to all members
    • No maximum limit
    • Minimum interest earning balance ksh. 50,000
    • Open for re-investment upon maturity
    • Earns interest upon maturity
    • No monthly deposits
    • Attractive interest rates

    Interest is between 7.5% and 12% per year depending on the amount to save in the account.

    NSSF Sacco

    Fixed Deposits
    Fixed Deposit accounts are available with the minimum amount to fix from Kshs. 50,000. Duration to maturity of the fixed funds vary from 91days,182 days and 365 days. Interest rates are negotiable and competitive according to the amount of funds to be fixed and runs up to 11% p.a.

    Unison Sacco

    Fixed Deposit

    Fixed Deposit

    FIXED DEPOSIT RATES

    Amount/Period 3 months 6 months 9 months 12 months
    3,000 – 200,000 8% 8.25% 8.50% 8.75%
    200,000 – 500,000 8.75% 9% 9.25% 9.50%
    500,000 – 1,000,000 9.50% 9.75% 10% 10.25%
    1,000,000 – 3,000,000 10.25% 10.50% 10.75% 11%
    3,000,000 & Above 11.1%

    Boresha Sacco

    Fixed Deposit Account

    • Any amount above Ksh.20,000/= can be fixed
    • No ledger fees, No transactional charges.
    • Fixed Deposit Certificate issued, which can be used as lien for loans and Advances
    • Revoking of FDR before maturity leads to loss of interest.
    • Interest Rates range from 10% -12% depending on Amount Fixed.

    Wakulima Sacco

    Fixed Deposit Account

    Features of Wakulima Fixed Deposit Account.

    • Minimum Kshs 10,000 for at least 3 Months.
    • Negotiable Interest Rates.
    • Can be used as security for short term loan.
    • No ledger fee.

    Requirement for opening a Fixed Deposit Account.

    • Duly filled Account Opening Form.
    • A copy of Identification Document.
    • Kshs 200 Account Activation fee.
    • A copy of KRA PIN

    Interest Rate is from 6% to 12% per year

    Ardhi Sacco

    Fixed Deposit Account

    Features

    Used for long-term investments at reasonable returns

    • Deposit terms are three, six, nine and twelve months and are renewable.
    • Interest payable at maturity.

    You can save as little as Ksh20,000 and the interest rate is from 6.5 % to 13% per year.

    Kenya USA Diaspora Sacco

    Mavuno Term Deposit Investment

    How will you benefit from Mavuno Term Deposit account?

    1. Earn a competitive interest rate of 5% p.a. – 9% p.a. depending on amount saved and period of investment. See the interest matrix below.
    2. The interest rate is fixed and guaranteed for the term of the investment, so you don’t have to worry about declining interest rates.
    3. You can invest as little as KES 50,000.
    4. Flexible investment periods to choose from; 3 months, 6 months or 12 months.
    5. No administration fees will be charged.
    6. Receive a free advice slip through your email address upon maturity.
    7. The principal and interest earned is with-drawable upon maturity of contract.
    8. The principal and interest can be rolled over on maturity.
    9. Investing your money in Mavuno Term deposit is a good move for pursuing short-term & long-term goals and for generating retirement income as it guarantees a steady stream of income.

    Mavuno Term Deposit Product Features:

    1. A member can have more than one Mavuno term deposit account.
    2. A member may use any of mavuno term deposit as a loan security.
    3. Interest forfeiture if you break the contract before maturity.
    4. Mavuno deposits cannot be used for loan entitlement.
    5. Mavuno term deposit can be transferred to Sacco Main savings and the member immediately qualifies for a loan of up to four times so long they have been making minimum contributions to Main savings.
    6. Competitive Interest Rates
    Principal Savings 3 Months Interest Earned 6 Months Interest Earned 1 Year Interest Earned
    Between KES 50,000 to 1,000,000 5% p.a. 6% p.a. 7% p.a.
    Between KES 1,000,001 to 5,000,000 6% p.a. 7% p.a. 8% p.a.
    Above KES 5,000,001 7% p.a. 8% p.a. 9% p.a.

    Where will the Sacco invest your Mavuno Term Deposit money?

    Mavuno term deposit will be invested in securities and financial instruments that guarantee safety, liquidity and return on investment. For this reason the Sacco investment options will be limited to:

    1. Government Treasury Bills – 91, 182 and 364 days bills
    2. Government one year Bonds
    3. Money market fund – which offers a guaranteed indemnity cover.
    4. Fixed deposit accounts in banking institutions licensed under banking Act.

    Kimisitu Sacco

    Wekeza Fixed Deposit Account

    A withdrawable deposit account where depositors can place short term deposits for specified periods of time usually between three to twelve months. The account targets members with large sums of money that they have put aside for investment and they are fairly certain of the period that they can commit the funds.

    Product Features:

    • Fixed for a specific period of time
    • Minimum Ksh.50,000
    • Can be used to secure loans at 95%
    • Interest on maturity
    • Competitive market interest rates

    Finnlemm Sacco

    Fixed Deposit Account

    Finnlemm Sacco Society is pleased to offer its members a chance to “Fix” their hard-earned deposits at an attractive interest rate. Options available while opening this account: –

    • You have the option of opening the flexi deposits by filling the forms available on our website. Submit these forms to our offices and let your money work for you.
    • The principal as well as the accumulated interest is paid to the customer only upon maturity or premature withdrawal.
    • Minimum deposit amount for Cumulative Deposit & Non-Cumulative Deposit
    • Minimum investment amount under cumulative scheme is Kshs 10, 000. For cumulative scheme, the annual minimum amount is Kshs 100, 000.
    • Deposit any amount and earn up to 12% p.a.

    Fortune Sacco

    Dhahabu Fixed Deposit Account

    This is an investment account that pays very attractive interest rates, aimed at customers with funds to invest for periods of between 1 to 12 months.

    All people i.e. individuals, business, companies, groups, churches and organizations are eligible.

    Requirements

    Requirements for opening a Dhahabu Fixed Deposit FOSA Account

    Two coloured passport size photographs

    Original and a photocopy of the National Identity Card

    Duly completed account opening form

    Features & Benefits

    » Affordable minimum deposit
    » Competitive interest rates
    » Premature withdrawal of deposits allowed
    » Allows immediate borrowing of up to 80% of the fixed fund at competitive interest rate

    Vision Afrika Sacco

    Fixed Deposits Account

    1. 1. Minimum deposit Kshs.3,000.
      Minimum period 3 months.
      3. Interest rate is on graduating scale
      4. Contract honoured after maturity.
      5. Members can secure advances at discounted rates.
      6. Interest is 8% to 10% depending on the amount.

    GDC Sacco

    Fixed Deposit Account

    Features and Benefits

    • Competitive interest rate: Up to 7% per annum.
    • Interest earned quarterly: Interest is earned quarterly but paid out annually.
    • Monthly basis: You can top up your account on a monthly basis.
    • Standing order: Free monthly standing order from your savings account.

    Terms

    • Minimum deposit / top-up amount of KES 100.
    • Amounts are withdrawable once a quarter.
    • Interest paid is subject to applicable taxes.

     

     

     

     

     

     

     

     

     

     

     

     

  • Equity Bank Kenya Accounts, Account Opening Requirements, Features and Charges

    Equity Bank Kenya Accounts, Account Opening Requirements, Features and Charges

    Below is a list of accounts offered by Equity Bank, account opening requirements, features and charges:

    Personal Accounts

    Current Account

    Key Features of the Current Account

    1. No minimum operating balance.
    2. None interest earning
    3. No monthly charges.
    4. Full access to mobile banking.
    5. Customer can choose a payment card that best suits their needs. They Include: prepaid cards, debit cards and credit cards.
    6. Cash and cheque deposits.
    7. Chequebook

    Why You Should Open a Current Account

    1. Cash and cheque deposits.
    2. No maintenance fees.
    3. No ledger fees.
    4. Customers can access the account from any of the countries Equity Bank Operates in.
    5. 24hour support through 0763063000 and/or info@equitybank.co.ke
    6. free monthly statements and internal standing orders
    7. This account can be operated in KSh, USD, EURO or GBP
    8. Instant Mastercard or Visa Card issued on application
    9. Online banking and mobile banking opt-in option
    10. Access to overdraft facilities

    What You Require to Open This Account

    To open this account:

    1. Individuals (singly or jointly) -Original Identification document & KRA Pin
    2. Registered Groups – Registration Certificate, Constitution, minutes of resolution to open account certified by the District Social Development officer (DSDO).
    3. An introduction letter from the DSDO
    4. Registered Business- see account opening requirements for different entities.

     Sign up Process

    1. Visit your nearest Equity bank branch
    2. Present the required documents and fill out the application form
    3. The bank will then process your application and you can start banking with us.
    4. For any further clarification, fill the form below and we will get back to you

    Equity Ordinary Account

    Key Features

    • No minimum operating balance.
    • No monthly charges.
    • Full access to mobile banking and internet banking
    • Customer can choose a payment card that best suits their needs. They Include:  prepaid cards, debit cards and credit cards.
    • Cash and cheque deposits.

    Why You Should Open an Ordinary Account

    1. No maintenance fees.
    2. No ledger fees.
    3. Customers can access their account from any of the countries Equity Bank Operates in.
    4. 24hour support through 0763063000 and/or info@equitybank.co.ke
    5. Instant Mastercard or Visa Card issued on application
    6. Online banking and mobile banking opt-in option

    What You Require to Sign Up

    1. Individuals (singly or jointly) -Original Identification document & KRA Pin
    2. Registered Groups – Registration Certificate, Constitution, minutes of resolution to open account certified by the District Social Development officer (DSDO).
    3. An introduction letter from the DSDO
    4. Registered Business- see account opening requirements for different entities.

    Sign up Process

    1. Download the application form
    2. Present the filled out form and necessary documents to the nearest Equity branch.
    3. The bank will then process your application and you can start banking with us.
    4. For any further clarification, fill the form below and we will get back to you.

    Transaction Process

    • Cash transaction on account happens on a real-time basis.

    School Fees Collection Account

    We have partnered with various higher learning institutions across the country to ease the process of paying tuition, and thus allow you to access your education more easily.

    Here’s A List of All the Institutions That Have Partnered with Equity Bank

    ACCOUNT NAME BRANCH ACCOUNT NUMBER
    African Nazarene University Rongai Branch 610292522396
    Catholic University EA Rongai Branch 610292352491
    Chuka University Chuka Branch 210261453469
    Daystar University Kenyatta Ave. 1290261749660
    Dedan Kimathi Uni of Technology Nyeri 2 Branch 1150297300480
    Jaramogi Oginga Odinga Uni of S &T Bondo Branch 750294239156
    JKUAT Thika 1 Branch 90291251426
    Kabarak University Nakuru 2 Branch 310294445167
    Kagumo Teachers College Nyeri 1 Branch 110297070907
    Karatina University College Karatina Branch 40298291603
    KCA University Kasarani Branch 1180299956376
    Kenya Methodist University Meru 1 Branch 140290923812
    Kenyatta University KU Branch 180290518859
    Laikipia University Nyahururu Branch 160295840456
    Masai Mara University Narok Branch 360292999764
    Maseno University – City Campus Kisumu 1 Branch 290297174546
    Maseno University – Main Campus Luanda Branch 1120297065141
    Masinde Muliro Univ. of S &T Kakamega Branch 500294636103
    Meru University Meru Makutano 1040297858661
    Moi Univ- Govt. Sponsored Eldoret 1 Branch 300291768839
    Moi Univ- Private Sponsored Eldoret 1 Branch 300291768844
    Mt. Kenya University Thika 1 Branch 90292687045
    Pwani University Kilifi Branch 460291566407
    St. Paul’s University Limuru Branch 690261549404
    Strathmore University Nairobi West Branch 170293160242
    Technical University of Kenya Moi Avenue Branch 540290597366
    Technical University of Mombasa Mombasa Digo 460297818058
    University of Eldoret Eldoret 1 Branch 300297338822

    Investments A/C

    CDSC Account

    The CDSC Account is an electronic account that holds your shares and manages the process of transferring shares that are traded in the NSE (Nairobi Securities Exchange). You may open a CDSC Account through a stockbroker, Investment Bank or Custodian (Equity Bank) authorized by Central Depository and Settlement Corporation, the entity that facilitates holding of shares in electronic accounts opened by shareholders.

    C.B.K CDS Account.

    This is an electronic account managed by the Central Bank of Kenya that holds an investor’s Treasury Bills and Treasury Bonds and manages the purchase and sale of the securities.

    FEATURES OF CDSC ACCOUNT.

    • It allows immediate transfer of shares upon purchase or sale.
    • There is no paperwork involved during the transfer of shares from a buyer to seller.
    • Account automation eliminates risks of forgery, damage to the document, clerical errors etc.
    • An investor’s shares are held in one account making it easy for management.
    • The investor receives an electronic statement of his/her account holdings.

    FEATURES OF C.B.K CDS ACCOUNT.

    • The account is for trading in treasury bills and treasury bonds only.
    • The account is opened by the Central Bank of Kenya on behalf of investors.
    • The investor receives an electronic statement of his/her CDS account holdings.

    Reasons Why You Should Open an Investment Account

    1. This account enables the consolidation of your assets.
    2. With this account you get to enjoy professional expertise available from Equity Bank.
    3. With this account, you are assured of security for your investments.
    4. We ensure timely collection of dividends, interest, bonuses and rights for your investments.
    5. Regular investment reports will be made available to you.
    6. You are provided the chance to diversify your investment portfolio efficiently and affordably.
    7. Get to enjoy fast, efficient and all-round friendly service.
    8. We provide a smooth succession avenue for your investments.
    9. Service for account holders is available in all our branches countrywide.
    • REQUIREMENTS
      • An Equity Bank Account.
      • A copy of your Kenyan ID/Passport, a passport size photo and your KRA PIN.
      • A fully executed and signed CDS 1 form.
    • TRANSACTION PROCESS
      • Visit any of Equity Bank branches to fill CDSC forms, share purchase or sell form and the hank will facilitate the transactions for you.

        SME/Small Business

    Equity Current Account

    This is a convenient and flexible medium for a range of transactions. With this account you are free to make deposits, receive money, make payments, make withdrawals and set up standing orders.

    Ideal for:

    • Individuals (singly or jointly)
    • Groups
    • Registered entities Groups and  registered entities be separated from the individual

    Key Features of the Current Account

    1. No minimum operating balance.
    2. None interest earning
    3. No monthly charges.
    4. Full access to mobile banking.
    5. Customer can choose a payment card that best suits their needs. They Include: prepaid cards, debit cards and credit cards.
    6. Cash and cheque deposits.
    7. Chequebook

    Why You Should Open a Current Account

    1. Cash and cheque deposits.
    2. No maintenance fees.
    3. No ledger fees.
    4. Customers can access the account from any of the countries Equity Bank Operates in.
    5. 24hour support through 0763063000 and/or info@equitybank.co.ke
    6. free monthly statements and internal standing orders
    7. This account can be operated in KSh, USD, EURO or GBP
    8. Instant Mastercard or Visa Card issued on application
    9. Online banking and mobile banking opt-in option
    10. Access to overdraft facilities
    • What You Require to Open This Account

    To open this account:

      1. Individuals (singly or jointly) -Original Identification document & KRA Pin
      2. Registered Groups – Registration Certificate, Constitution, minutes of resolution to open account certified by the District Social Development officer (DSDO).
      3. An introduction letter from the DSDO
      4. Registered Business- see account opening requirements for different entities.
    • Sign up Process
      1. Visit your nearest Equity bank branch
      2. Present the required documents and fill out the application form
      3. The bank will then process your application and you can start banking with us.
      4. For any further clarifications, fill the form below and we will get back to you

    Social Institutions Account

    This account allows institutions dealing in non-profitable ventures such as churches, public schools and self-help groups to manage their funds efficiently.

    Great Feature About This Account

    Equitel has introduced an innovative “multiple approval” feature that eliminates the need for account signatories to physically meet to withdraw cash or co-sign cheques. The feature allows account holders to use their PINs as their account signatures.

    Through the “multiple approval” feature users first originate a request to withdraw cash on their Equitel menu. The request is then sent to other account signatories who in turn enter their individual PIN to approve the withdrawal request, making it easier for chamas and joint account holders to transact.

    4 Reasons Why You Should Open This Account

    1. This account requires no operating balance.
    2. You will incur no charges while making withdrawals.
    3. This account gives you access to customized loans.
    4. This account has a multiple approval feature that ensures security of funds.
    • What you require to sign up
      1. School Registration Certificate from the ministry of education
      2. An introduction letter duly signed from by the Deputy County commissioner for education
      3. School Board of Governors resolution to open an account and signing mandate signed by
      4. Deputy County commissioner for education
    • Sign up Process
      1. Visit your nearest Equity bank branch
      2. Present the required documents and fill out the application form
      3. The bank will then process your application and you can start banking with us.

    Investment Account

    DSC Account

    The CDSC Account is an electronic account that holds your shares and manages the process of transferring shares that are traded in the NSE (Nairobi Securities Exchange). You may open a CDSC Account through a stockbroker, Investment Bank or Custodian (Equity Bank) authorized by Central Depository and Settlement Corporation, the entity that facilitates holding of shares in electronic accounts opened by shareholders.

    • CDSC Account

    C.B.K CDS Account.

    This is an electronic account managed by the Central Bank of Kenya that holds an investor’s Treasury Bills and Treasury Bonds and manages the purchase and sale of the securities.

    • C.B.K CDS Account

    FEATURES OF CDSC ACCOUNT.

    • It allows immediate transfer of shares upon purchase or sale.
    • There is no paperwork involved during the transfer of shares from a buyer to seller.
    • Account automation eliminates risks of forgery, damage to the document, clerical errors etc.
    • An investor’s shares are held in one account making management easy.
    • The investor receives an electronic statement of his/her account holdings.

    FEATURES C.B.K CDS ACCOUNT.

    • The account is for trading in treasury bills and treasury bonds only.
    • The account is opened by the Central Bank of Kenya on behalf of investors.
    • The investor receives an electronic statement of his/her CDS account holdings.

    Reasons Why You Should Open an Investment Account

    1. This account enables the consolidation of your assets.
    2. With this account you get to enjoy professional expertise available from Equity Bank.
    3. With this account, you are assured of security for your investments.
    4. We ensure timely collection of dividends, interest, bonuses and rights for your investments.
    5. Regular investment reports will be made available to you.
    6. You are provided the chance to diversify your investment portfolio efficiently and affordably.
    7. Get to enjoy fast, efficient and all-round friendly service.
    8. We provide a smooth succession avenue for your investments.
    9. Service for account holders is available in all our branches countrywide.
    • REQUIREMENTS
      • An Equity Bank Account.
      • A copy of your Kenyan ID/Passport, a passport size photo and your KRA PIN.
      • A fully executed and signed CDS 1 form.
    • TRANSACTION PROCESS
      • Visit any of Equity Bank branches to fill CDSC forms, share purchase or sell form and the hank will facilitate the transactions for you.

    Corporate Accounts

    Current Account

    This is a convenient and flexible medium for a range of transactions. With this account you are free to make deposits, receive money, make payments, make withdrawals and set up standing orders.

    Ideal for:

    • Individuals (singly or jointly)
    • Groups
    • Registered entities Groups and  registered entities be separated from the individual

    Key Features of the Current Account

    1. No minimum operating balance.
    2. None interest earning
    3. No monthly charges.
    4. Full access to mobile banking.
    5. Customer can choose a payment card that best suits their needs. They Include: prepaid cards, debit cards and credit cards.
    6. Cash and cheque deposits.
    7. Chequebook

    Why You Should Open a Current Account

    1. Cash and cheque deposits.
    2. No maintenance fees.
    3. No ledger fees.
    4. Customers can access the account from any of the countries Equity Bank Operates in.
    5. 24hour support through 0763063000 and/or info@equitybank.co.ke
    6. free monthly statements and internal standing orders
    7. This account can be operated in KSh, USD, EURO or GBP
    8. Instant Mastercard or Visa Card issued on application
    9. Online banking and mobile banking opt-in option
    10. Access to overdraft facilities
    • What You Require to Open This Account

    To open this account:

      1. Individuals (singly or jointly) -Original Identification document & KRA Pin
      2. Registered Groups – Registration Certificate, Constitution, minutes of resolution to open account certified by the District Social Development officer (DSDO).
      3. An introduction letter from the DSDO
      4. Registered Business- see account opening requirements for different entities.
    • Sign up Process
      1. Visit your nearest Equity bank branch
      2. Present the required documents and fill out the application form
      3. The bank will then process your application and you can start banking with us.
      4. For any further clarifications, fill the form below and we will get back to you

    Social Institutions Account

    This account allows institutions dealing in non-profitable ventures such as churches, public schools and self-help groups to manage their funds efficiently.

    Great Feature About This Account

    Equitel has introduced an innovative “multiple approval” feature that eliminates the need for account signatories to physically meet to withdraw cash or co-sign cheques. The feature allows account holders to use their PINs as their account signatures.

    Through the “multiple approval” feature users first originate a request to withdraw cash on their Equitel menu. The request is then sent to other account signatories who in turn enter their individual PIN to approve the withdrawal request, making it easier for chamas and joint account holders to transact.

    4 Reasons Why You Should Open This Account

    1. This account requires no operating balance.
    2. You will incur no charges while making withdrawals.
    3. This account gives you access to customized loans.
    4. This account has a multiple approval feature that ensures security of funds.
    • What you require to sign up
      1. School Registration Certificate from the ministry of education
      2. An introduction letter duly signed from by the Deputy County commissioner for education
      3. School Board of Governors resolution to open an account and signing mandate signed by
      4. Deputy County commissioner for education
    • Sign up Process
      1. Visit your nearest Equity bank branch
      2. Present the required documents and fill out the application form
      3. The bank will then process your application and you can start banking with us.

    Ordinary Account

    Equity Ordinary Account is your perfect medium for personal deposits, daily business transactions and remittances.

    Ideal for:

    • Individuals (singly or jointly)
    • Groups –Groups and registered entities be separated from the individual,
    • Registered entities

    Key Features

    • No minimum operating balance.
    • No monthly charges.
    • Full access to mobile banking and internet banking
    • Customer can choose a payment card that best suits their needs. They Include:  prepaid cards, debit cards and credit cards.
    • Cash and cheque deposits.

    Why You Should Open an Ordinary Account

    1. No maintenance fees.
    2. No ledger fees.
    3. Customers can access their account from any of the countries Equity Bank Operates in.
    4. 24hour support through 0763063000 and/or info@equitybank.co.ke
    5. Instant Mastercard or Visa Card issued on application
    6. Online banking and mobile banking opt-in option
    • What You Require to Sign Up
      1. Individuals (singly or jointly) -Original Identification document & KRA Pin
      2. Registered Groups – Registration Certificate, Constitution, minutes of resolution to open account certified by the District Social Development officer (DSDO).
      3. An introduction letter from the DSDO
      4. Registered Business- see account opening requirements for different entities.
    • Sign up Process
      1. Download the application form
      2. Present the filled out form and necessary documents to the nearest Equity branch.
      3. The bank will then process your application and you can start banking with us.
      4. For any further clarification, fill out the feedback form below and we will get back to you.

    Chama/Groups Account

    Group Account

    This account allows institutions dealing in non-profitable ventures such as churches, public schools and self-help groups to manage their funds efficiently.

    Great Feature About This Account

    Equitel has introduced an innovative “multiple approval” feature that eliminates the need for account signatories to physically meet to withdraw cash or co-sign cheques. The feature allows account holders to use their PINs as their account signatures.

    Through the “multiple approval” feature users first originate a request to withdraw cash on their Equitel menu. The request is then sent to other account signatories who in turn enter their individual PIN to approve the withdrawal request, making it easier for chamas and joint account holders to transact.

    4 Reasons Why You Should Open This Account

    1. This account requires no operating balance.
    2. You will incur no charges while making withdrawals.
    3. This account gives you access to customized loans.
    4. This account has a multiple approval feature that ensures security of funds.
    • What you Require
      1. Group Registration Certificate
      2. Group’s Constitution (District Social Development officer (DSDO).
      3. Minutes of the meeting where a resolution was passed to open an account with Equity Bank duly certified by the District Social Development officer (DSDO).
      4. An introduction letter from the DSDO
    • Sign up Process
      1. Visit your nearest Equity bank branch
      2. Present the required documents and fill out the application form
      3. The bank will then process your application and you can start banking with us.
      4. For any further clarification, fill out the feedback form below and we will get back to you.

    EazzyChama

    Manage your Group, Joint or Chama account activities with ease. This platform allows you to keep financial records and carry out bank transactions while maintaining transparency in your group.

    To access the EazzyChama platform, the members only need a reliable internet connection and an internet enabled device.

    4 Great Features of the EazzyChama Platform

    1. Any group member can monitor group activities through this account, such as deposits, withdrawals and fund transfers.
    2. A member is able to track his personal transactions in the account such as their monthly or lifetime contributions, penalties, group statement and other financial activities.
    3. The platform has a reminder management functionality that helps you easily keep track of tasks and activities.
    4. Because it is operated digitally, there is no need for paperwork, thus ensuring efficiency.

    Diaspora Accounts

    Diaspora Business Account

    This account allows you to effortlessly manage your business finances while overseas.

    7 Great Features of the Diaspora Business Account

    1. It’s free to open with no required minimum balance
    2. You get free monthly E-statements
    3. No monthly maintenance fee is required for the account
    4. There is no limit on the frequency of withdrawals
    5. Your money earns interest, which is credited to your account at the end of the year
    6. Account holders have access to visa services
    7. Account holders have access to internet and mobile baking

    What You Require to Open This Account

    In order to open this account, ensure you have the following documents, which should be notarized by a lawyer or notary public:

    • Kenyan Identification Cards or Valid passports of all the business directors
    • Colored passports of all the business directors
    • Tax PIN Certificates of all the business directors
    • The business’ certificate of incorporation
    • The business’ memorandum of association
    • The business’ articles of association
    • A resolution signed by the directors on the letter head, then sealed.
    • Your business’ Tax PIN Certificate
    • CR 1
    • CR 2
    • CR 8
    • CR 12
    • FATCA W-9 and confidentiality waiver forms for US clients
    • Sign up Process
      1. Download the application form and email indemnity form and complete both
      2. Collect all the documents listed in requirements above
      3. Zip all attachments in (1and 2 above) together into a single zip file.
      4. Go to “Apply for an Account” Section on the site
      5. Fill it out and attach the single zip file
      6. Click the Submit button to send your online account application to Diaspora.Banking@equitybank.co.ke
      7. Ensure to also send the original (hard copy) email indemnity form via post to the address below:
        Diaspora Banking, Equity Bank (Kenya) Ltd.
        Equity Centre, Upper Hill, Hospital Road, Ground Floor.
        P .O. Box 103098 – 00101, Nairobi, Kenya.
      8. For any further clarification, fill the form below and we will get back to you.

    Equity Ordinary Account

    Equity Ordinary Account is your perfect medium for personal deposits, daily business transactions and remittances.

    Ideal for:

    • Individuals (singly or jointly)

    Key Features

    • No minimum operating balance.
    • No monthly charges.
    • Full access to mobile banking and internet banking
    • Customer can choose a payment card that best suits their needs. They Include:  prepaid cards, debit cards and credit cards.
    • Cash and cheque deposits.

    Why You Should Open an Ordinary Account

    1. No maintenance fees.
    2. No ledger fees.
    3. Customers can access their account from any of the countries Equity Bank Operates in.
    4. 24hour support through 0763063000 and/or info@equitybank.co.ke
    5. Instant Mastercard or Visa Card issued on application
    6. Online banking and mobile banking opt-in option

    Charges

    What You Require to Sign Up

    1. Recent colored passport size photo.
    2. Proof of address document.
    3. Copy of Kenyan Identification; ID (both sides) or passport (for passport, include the page with the photo).
    4. Copy of KRA PIN certificate
    5. Filled in email indemnity form
    6. FATCA W-9 and confidentiality waiver forms for US clients

    Sign up Process

    1. Download the application form and email indemnity form and complete both
    2. Collect all the documents listed in requirements above
    3. Zip all attachments in (1and 2 above) together into a single zip file.
    4. Go to “Apply for an Account” Section on the site
    5. Fill it out and attach the single zip file
    6. Click the Submit button to send your online account application to Diaspora.Banking@equitybank.co.ke
    7. Ensure to also send the original (hard copy) email indemnity form via post to the address below:
      Diaspora Banking, Equity Bank (Kenya) Ltd.
      Equity Centre, Upper Hill, Hospital Road, Ground Floor.
      P .O. Box 103098 – 00101, Nairobi, Kenya.
    8. For any further clarification, fill the form below and we will get back to you.

     

  • Can I invest in Money market Fund or Sacco, which one is better?

    Can I invest in Money market Fund or Sacco, which one is better?

    I got this message in my inbox: I have Ksh1 million which I want to invest in Kenya. I am in dilemma, I don’t know whether to invest in a Sacco or Money Market Fund. I currently earn Ksh 80,000 per month and my plan is to save Ksh 20,000 per month. I am planning to build a house and buy my own car in the next 4 years.

    Answer

    From my own experience, it’s better to invest half of your money in a Sacco and the rest in Money market Fund. It’s good to diversify your savings because you don’t know what might happen to the company you invest your money. A sacco might collapse and leave you with nothing.

    Interest rate

    The interest rate for both the Sacco and Money Market Fund is 13%-18%. This means that your Ksh1 million will attract annual interest of Ksh 130,000 to Ksh180,000. Both are good when you consider interest rate.

    Dividends

    Saccos will pay you dividends annually, something that Money Market Fund won’t do. When it comes to dividends, I recommend Saccos. But the bad thing about this is that you may not be able to sell your shares easily. When you want to sell them,you may not find the buyer.

    Instead of investing in share capital, save the money in savings account where you can withdraw anytime.

    In case you need dividends, just invest in Sacco—buy shares.

    Withdrawal options and rules

    Withdrawing money from MMF is easy. All you need is to write an email requesting to withdraw and the money will be available in your account within 48 hours. But in a Sacco, you may not withdraw instantly especially if you realize that the Sacco is going down.

    Loans

    Saccos offer loans. If you want to apply for a loan which you will use to build a house and buy a car, invest your money in a Sacco. The money will help you secure a loan of up to 5times your deposit. In 4 years, you will save at least Ksh2 million. You will get a loan of up to Ksh10 million which is enough to do your projects.

    MMF don’t offer loan products—which is bad for someone who want to invest through credit.

    Other investments

    Saccos have other investment options like selling plots to members or building and selling houses to members cheaply. In your case, I would highly advise you to invest in Saccos as opposed to MMF.

    Security

    MMF are regulated by the Capital Markets Authority. At the moment, there are no cases facing any company that operates MMF. This means that your money will be secure under MMF. But when it comes to Saccos, you might easily lose your money. We have witnessed some Saccos go under with money saved by members. This is why I advised you not to save all your money in a Sacco.

    Assuming that you will be saving Ksh 20,000 monthly, save Ksh 12,000 in MMF and Ksh8,000 in a Sacco. The Ksh1,000,000 you currently have should be divided into two, half to go to MMF and the rest to a Sacco.

    If you don’t want your money to be safe in a Sacco,join a Sacco that is more secure and has a history. A Sacco associated with companies like Safaricom, Kenya Police or a government parastatal won’t go down easily.

  • Opportunity Bank Uganda List of Accounts,Loans,Contacts

    Opportunity Bank Uganda List of Accounts,Loans,Contacts

    Below is a list of accounts offered by Opportunity Bank Uganda,Loans and contacts:

    Opportunity Bank Uganda

    Address

    Plot 1259 Old Kiira road
    (Opportunity House)

    Email

    customerservice@opportunitybank.co.ug

    Toll Free Number

    0800 306 306

    Opportunity Bank Uganda Accounts

    Extra Save Account

    This is a transactional account that enables Low income to high-end individuals to save and earn interest on their savings.

    Benfits

    • Earn interest up to 4%
    • Free online statement
    • No monthly ledger fees
    • Access account through all digital platforms.

    Requirements

    • Copy of National ID
    • One Passport photo
    • UGX 10,000 Minimum balance

    Child Savings Account

    Village Savings Account

    A special savings account designed for the purpose of motivating VSLAs to accumulate savings for financing their future investment plans as well as providing access to credit facilities to members.

    Benfits

    • Free balance enquiry
    • No monthly ledger fees
    • Free Online Statement
    • Earn interest of up to 4%
    • Quick access to credit facilities

    Requirements

    • Certified certificate of registration
    • Byelaws/ Constitution/ Memorandum of Understanding
    • Resolution to open an account with Opportunity Bank and signatories
    • Minutes signed off by members
    • Recommendation from the Community Development Officer/ CAO
    • UGX 10,000shs Minimum balance
    • UGX 60,000 search fees
    • Two passport photos for each signatory
    • A copy of the national ID for each signatory

    Target Save Account

    This account is fixed and supports individuals to save towards a specific goal in both the short and long term.

    Benfits

    • Earn interest up to 4%
    • No monthly ledger fees
    • Free balance inquiry

    Requirements

    • Minimum balance UGX 50,000
    • Open a savings account as the feeder account (New savers incur UGX 10,000)
    • A copy of National ID
    • One Passport photo

    Salary Account

    A special product dedicated for individuals that earn salary to manage their earnings

    Benfits

    • No withdraw fees over the counter
    • Free balance inquiry
    • No monthly ledger fees
    • Free online bank statement
    • Access account via all digital platforms

    Requirements

    • Minimum balance of UGX 10,000
    • Copy of national ID
    • One Passport photo

    Sacco Savings Account

    A special savings account designed for the purpose of motivating SACCOs to accumulate savings for financing, their lending operations or future investment plans.

    Benfits

    • No monthly ledger fees
    • Free bank balance enquiry
    • Free online bank statement
    • Earn interest of up to 4%

    Requirements

    • Certied certificate of registration
    • Byelaws/ Constitution/ Memorandum of Understanding
    • Resolution to open an account with Opportunity Bank and signatories
    • Minutes signed off by members/Signing mandate/
    • Recommendation from the Community Development Officer/ CAO
    • Minimum balance of UGX 10,000
    • Search fees UGX 60,000
    • 2 passport photos for each signatory
    • A copy of the national ID for each signatory

    Investment Club Savings Account

    An account for groups of people coming together to collect resources for Investment purposes.

    Benfits

    • Free online statement
    • Free balance enquiry
    • Earn interest of up to 4%
    • No monthly ledger fees

    Requirements

    • Certied certificate of registration
    • Byelaws/ Constitution/ Memorandum of Understanding
    • Resolution to open an account with Opportunity Bank and signatories
    • Minutes signed off by members/Signing mandate/
    • Recommendation from the Community Development Officer/ CAO
    • Minimum balance of UGX 10,000
    • Search fees UGX 60,000
    • 2 passport photos for each signatory
    • A copy of the national ID for each signatory

    Ordinary Saving Account

    This is a deposit account designed for regular savers with a special commitment for a set goal. This also serves as a loan account for individual borrowers.

    Benfits

    • Free balance enquiry
    • One statement free per year
    • Earn interest up to 4%
    • Access account through all digital platforms.

    Requirements

    • National ID/ Refugee ID
    • One Passport photo
    • UGX 10,000 Minimum balance

    Business Savings Account

    This is a Savings account designed for members with businesses that would aspire to save their incomes

    Benfits

    • Free balance enquiry
    • Free online statement
    • Access account through all digital platforms.
    • Earn interest up to 2%

    Requirements

    • Valid Trading License
    • Certificate of registration
    • Resolution to open account
    • Memorandum of Understanding or Articles of association
    • Particulars of directors
    • National ID for each signatory
    • Two passport photos for each signatory
    • UGX 100,000 minimum balance
    • UGX 60,000 search fees

    AGRO Save Group Account

    Benfits

    • Free online statement
    • Free balance enquiry
    • No penalty below minimum balance
    • Zero ledger fees

    Requirements

    • Certied certificate of registration
    • Byelaws/ Constitution/ Memorandum of Understanding
    • Resolution to open an account with Opportunity Bank and signatories
    • Minutes signed off by members/Signing mandate/
    • Recommendation from the Community Development Officer/ CAO
    • Minimum balance of UGX 10,000
    • Search fees UGX 60,000
    • 2 passport photos for each signatory
    • A copy of the national ID for each signatory

    Refugee Savings account

    This account was customized to cater for the needs of refugees in Uganda to empower them to save in order to improve their lives and those for their communities.

    Benfits

    • Access account through all digital platforms
    • No monthly ledger fees
    • No penalty below minimum balance
    • Free online statement
    • Acts as a loan account

    Requirements

    • Copy of the Refugee ID
    • One Passport photo
    • UGX 10,000 Minimum balance

    Loans

    Group Business Loan

    Opportunity Bank Uganda Ltd offers group business loans to support the growth and development of businesses in Uganda. These loans are specifically designed to cater to the needs of groups or associations of individuals who come together for entrepreneurial activities.

    Benefits

    • Set Up Fees 2.3% of the Loan Amount,
    • Free Insurance,
    • LSF OF 15% – 20%, Group Guarantee, Other Flat

    Requirements

    • For Working Capital UGX 100,000-UGX 5,000,000
    • 3-12 Months Weekly, Fortnightly
    • Application Fees 5,000
    • Group Repayments; Weekly, Bi weekly dependant on season Loan duration 12 months

    Individual Business Loan

    Opportunity Bank Uganda Ltd is dedicated to supporting the growth and development of businesses owned by individuals in Uganda through its individual business loans. These loans are specifically tailored to provide financial assistance to entrepreneurs and small business owners.

    Features

    • For Working Capital Needs UGX 500,000 – UGX 20,000,000
    • Loan duration: 3 – 24 Months
    • Repayment Frequency: Monthly, Quarterly, Termly

    Benefits

    • Set Up Fees 3.3% of the Loan Amount,
    • Free Insurance,
    • A Combination of two or more of the Reducing Balance

    SME Business Loan

    Opportunity Bank Uganda Ltd is committed to empowering small and medium-sized enterprises (SMEs) in Uganda through its SME business loans. These loans are tailored to address the specific financial requirements of SMEs and assist them in achieving growth and success in the competitive business environment.

    Features

    • For Working Capital Needs Above UGX 20,000,000 to UGX 1,300,000,000
    • Loan duration: 3-24 Months
    • Repayment Frequency: Monthly, Quarterly, Termly

    Benefits

    • Set Up Fees 3.3% of the Loan Amount,
    • Free Insurance,
    • A Combination of two or more of the Reducing Balance

    School Fees Loan

    Opportunity Bank Uganda Ltd provides school fees loans to assist parents and guardians in meeting the educational expenses of their children. These loans are specifically designed to support the payment of school fees and related educational costs.

    Features

    • For Payment of Schools and other Education related Expenses
    • Loan Amount: UGX 100,000-UGX 5,000,000
    • Loan duration: 3-12 Months
    • Repayment Frequency: Weekly, but dependant on cash flow

    Requirements

    • Set Up Fees 3.3% of the Loan Amount
    • Free Insurance
    • Application Fees 20,000 for loans upto UGX 20M payable at application
    • CRB Search fees UGX 10,000 for Loans below UGX 1M and UGX 15,000 for Loans above UGX 1M payable at application
    • Stamp Duty UGX15,000 for loans
    • Securities: A Combination of two or more of the following: Fixed deposits,Chattels, Motor Vehicle log books, Land titles and agreements
    • Interest rate : Reducing Balance

    School Improvement Loans

    Opportunity Bank Uganda Ltd provides School Improvement Loans to support small and medium-sized educational institutions in Uganda. These loans are specifically designed to assist schools in improving their infrastructure, facilities, equipment, and overall educational environment.

    Features

    • Any Financing to Schools for the purpose of building, Salary or Bill Payments, properrty etc
    • Loan Amount: Above UGX 20M-UGX 1.3 Billion
    • Loan duration: 3-60 Months
    • Repayment Frequency: Termly, but dependant on Cash Flow

    Requirements

    • Set Up Fees 4.3% of the Loan Amount
    • Free Insurance
    • Application Fees 20,000 for loans upto UGX 50M and 50,000 for loans above 50M payable at application
    • CRB Search fees UGX 15,000 payable at appication
    • Stamp Duty UGX 15,000 for loans above UGX 3M
    • Securities: A combination or two or more of the following: Fixed Deposits, Chattels, Motor Vehicle log books, Land titles and agreements, Debentures
    • Interest rate : Reducing Balance

    Government Salary Loans

    Opportunity Bank Uganda Ltd offers Salary Loans specifically tailored for civil servants in Uganda. These loans are designed to provide financial assistance to civil servants who require short-term funds for various purposes.

    Features

    • Loans to Government Employees
    • Loan Amount: UGX 200,000 – UGX 30,000,000
    • Loan duration: 6 – 60 Months
    • Repayment Frequency: Monthly

    Requirements

    • Set Up Fees 3.3% of the Loan Amount
    • Free Insurance
    • No Application Fees -CRB Search fees UGX 15,000
    • Stamp Duty UGX 15,000 for loans above UGX 3M
    • Securities: Appointment Letter / Confirmation Letter, National ID, Bank Statement (3 Months), Current Payslip
    • Interest rate : Reducing Balance

    Non Government Salary Loans

    Opportunity Bank Uganda Ltd offers Individual Salary Loans to provide financial assistance to individuals who need short-term funds to meet their immediate financial obligations. These loans are designed to bridge the gap between paychecks and provide individuals with the necessary funds to cover unforeseen expenses or manage financial emergencies.

    Features

    • Any salaried person taking a loan with salary passing through OBUL account.
    • Loan Amount: UGX 500,000-UGX 20,000,000
    • Loan duration: 3-12 Months
    • Repayment Frequency: Monthly

    Requirements

    • Set Up Fees 3.3% of the Loan Amount
    • Free Insurance
    • Application Fees 20,000 for loans upto UGX 20M payable at application
    • CRB Search fees UGX10,000 for Loans below UGX 1M and UGX 15,000 for Loans above UGX 1M payable at appication
    • Stamp Duty
    • Securities: A Combination of two or more of the following: Fixed deposits, Chattels, Motor Vehicle log books, Land titles and agreements, debentures of companies, Guarantors
    • Interest rate : Reducing Balance

    Group Agriculture Trust Loan

    Opportunity Bank Group Agriculture Trust Loan is a specialized financial product offered by Opportunity Bank, a leading financial institution committed to promoting financial inclusion and supporting the growth of the agricultural sector.

    Features

    • For financing of agricultural inputs, production, processing, marketing and distribution.
    • Loan Amount: UGX 100,000-UGX 5,000,000
    • Loan duration: Loan duration 12 months
    • Repayment Frequency: Weekly, Bi weekly dependant on season

    Requirements

    • Set Up Fees 3.3% of the Loan Amount
    • Free Insurance
    • No Application Fees
    • CRB Search fees UGX 15,000
    • Stamp Duty UGX 15,000 for loans above UGX 3M
    • Securities: Guarantees, LSF
    • Interest rate : Reducing Balance

    Individual Agriculture Loan

    Opportunity Bank Uganda offers a range of financial products and services to cater to the diverse needs of its customers. One of their notable offerings is the Individual Agriculture Loan, designed specifically to support individuals involved in agricultural activities in Uganda.

    Features

    • For financing of agricultural inputs, production, processing, marketing and distribution.
    • Loan Amount: UGX 500,000 – UGX 20,000,000
    • Loan duration: 3 – 24 Months
    • Repayment Frequency: Monthly, quarterly, bullet, irregular, but dependent on cash flow.

    Requirements

    • Set Up Fees 4.3% of the Loan Amount
    • Free Insurance
    • Application Fees 20,000 for loans upto UGX 20M payable at application
    • CRB Search fees UGX 10,000 for Loans below UGX 1M and UGX 15,000 for Loans above UGX 1M payable at application
    • Stamp Duty UGX 15,000 for loans above UGX 3M
    • Securities: Appointment Letter / Confirmation Letter, National ID, Bank Statement (3 Months), Current Payslip
    • Interest rate : Reducing Balance

    SME Agricluture Loan

    Opportunity Bank Uganda (OBUL) recognizes the vital role that small and medium-sized enterprises (SMEs) play in the agricultural sector. To support the growth and development of these businesses, OBUL offers the SME Agriculture Loan, a specialized financial product tailored to meet the unique needs and challenges faced by SMEs operating in agriculture in Uganda.

    Features

    • For financing of agricultural inputs, production, processing, marketing and distribution.
    • Loan Amount: Above UGX 20,000,000- UGX 3,600,000,000
    • Loan duration: 3-36 Months
    • Repayment Frequency: Monthly, quarterly, bullet, flexible, but dependant on cash flow.

    Requirements

    • Set Up Fees 4.3% of the Loan Amount
    • Free Insurance
    • Application Fees 20,000 for loans upto UGX 50M and 50,000 for loans above 50M payable at application,
    • CRB Search fees UGX15,000 payable at appication.
    • Stamp Duty UGX 15,000 for loans above UGX 3M
    • Securities: A combination or two or more of the following: Fixed Deposits, Chattels, Motor Vehicle log books, Land titles and agreements, Debentures for companies,Guarantors
    • Interest rate : Reducing Balance

    Bid Guarantee

    Features

    • Loan Purpose : Financing OBUL Customers to execute contracts /tenders with Government and International Organisations
    • Loan Amount: Upto 200M
    • Loan duration: Maximum upto 6 months
    • Repayment Frequency: Bullet with maximum discount of 80% of invoice value

    Requriements

    • Application and Processing Fess UGX50,000
    • Commission Cash; 0.5% of the guarantee amount per quarter payable upfront.
    • Commission Non-Cash; 1% of the guarantee amount per quarter payable upfront. On a case by case basis, the Commission shall be negotiable
    • Guarantee Amendments; 1% establishment fees Amount 0.75% per quarter and Minimum UGX 100,000
    • Letter of Undertaking & Guarantee from Pre-qualified service provider. Other accepted Collatera
    • Interest rate calculation method: Base rate plus Margin. (Current Base rate is 24% Pa)

     

  • Centenary Bank Uganda List of Accounts, Features and Charges

    Centenary Bank Uganda List of Accounts, Features and Charges

    Below is a list of accounts to open at Centenary Bank Uganda, features and charges:

    Saving Accounts

    Cente Ordinary Savings Account

    Product Features

    • Opening deposit of UShs10, 000 for individuals and UShs.3,000,000 for platinum customers
    • Minimum balance of UShs.5,000 for individuals & Ushs.300,000 for platinum customers
    • Monthly account management fee of UShs.3,000.
    • Cash withdrawals from the account by only account holders; no third parties are allowed to make cash withdrawals from the account.
    • CenteVisa ATM Card issued to account holder
    • Daily balances and mini-statements are available on request

    Benefits

    • This account earns interest on outstanding credit balances.
    • Allows unrestricted cash and cheque deposits.
    • Provides 24-hour services to CenteVisa Card holders and CenteMobile users.
    • Unrestricted cash withdrawals subject to the minimum balance.
    • Access to a variety of other bank products such as Internet Banking and loans.
    • Joint savings accounts are allowed
    • SMS alerts for transactions to help the account holder monitor usage.

    Requirements

    • Two (2) most recent passport size photos of the account signatories
    • Valid identification document including the following: Valid National Identity Card for Ugandans Passport for foreigners (Non-Ugandans). Refugee Identity Card for Refugees.
    • Opening cash deposit of only Ushs10, 000 for individuals and UShs.3,000,000 for platinum customers
    • One (1) Referee (who is either a Centenary Bank customer, employer, lawyer/advocate, clergyman, doctor, headmaster or any other acceptable local authority

    Cente Junior Account

    Product Features

    • Opening deposit of UShs20, 000
    • Minimum balance of UShs20, 000
    • No ledger fees, maintenance fees or monthly charges
    • Withdrawal done over the counter by the parent or guardian
    • No ATM card issued
    • SMS alerts for transactions

    Benefits

    • Attractive tiered interest rates of up to 4% per annum
    • One free withdrawal once every quarter.
    • No ledger fees, maintenance fees, or any other monthly charges
    • Free account statements
    • Free and automatic enrolment on CenteMobile services
    • Free and unlimited number of internal standing orders for credit of account
    • Free school fees bank drafts
    • Parent/Guardian can access the Centenary Bank
    • Cente Education Loan of up to 150% of the credit balance on account
    • Life assurance policy cover for up to 30 million the parent or guardian, for accounts with a minimum credit balance of UGX 200,000 covering permanent disablement caused by accident, death plus funeral expenses. Upon the death of the named beneficiary, the sponsor shall be paid UGX 500,000 if the account balance at the time of the event is UGX 200,000 and above.
    • In case of permanent total disability of the named beneficiary, the sponsor shall be paid UGX 500,000, if the account balance at the time of the event is UGX 200,000 and above.
    • A hospital cash benefit to the account holder/sponsor of UGX 20,000 is payable per night of hospitalization, as a result of an accident. The benefit shall be paid only if the victim has been hospitalized for more than 3 nights and but not exceeding 10 nights.

    Requirements

    • Initial cash deposit of UShs20, 000
    • Two (2) recent passport size photos for the child
    • Two (2) recent passport size photos for the parent/guardian.
    • Valid identification documents for the parent/guardian of the child including the following:
    • Valid National Identity Card for Ugandans
    • Passport for foreigners (Non-Ugandans).
    • Refugee Identity Card for Refugees.
    • Referral by a Centenary Bank customer or any reputable person in society
    • Either a birth certificate, immunization card or baptism card for the child.

    Cente Volution Account

    Product Features

    • Opening deposit amount of UShs. 5,000
    • Minimum balance at Ushs.5,000
    • Denominated in Uganda shillings
    • Account attracts interest
    • No monthly maintenance fees
    • Account accessible at any branch
    • Issue of account statement
    • Transaction alerts
    • Permits deposit by way of cash, wire, cheque and any acceptable means of deposit
    • Account can be closed in the event of request by the account holder
    • Access to ATM service and a free conspicuous ATM Card
    • Access to CenteMobile financial and lifestyle services
    • Access to POS service
    • Access to ATMs of other Financial Institutions under InterSwitch
    • Access to student loans (Terms and conditions apply)
    • Access to NFC(near field communications) transaction facilities

    Benefits

    • Attractive interest
    • Instant transaction alerts
    • No account maintenance fee
    • Cash withdrawal and deposit at Mobile Money Agents
    • Free Bank drafts for school fees payment
    • Free account statement issued once a quarter

    Requirements

    • Minimum account opening cash deposit of UShs.5,000
    • Two (2) most recent passport size photos of the applicant
    • Valid National Identification Card
    • Introductory letter from School Head/ Dean / Hall Warden / Students Guild

    Cente Supawoman Account

    Product Features

    • Opening balance of UShs.50, 000
    • Minimum balance of UShs.50, 000
    • SMS transaction alerts
    • Attracts monthly account maintenance fee
    • Permits cash withdrawal
    • Permits deposit by way of cash, wire, cheque and CenteMobile

    Benefits

    • Attractive interest rate of 2% paid monthly
    • Business linkage support
    • A dedicated relationship officer
    • Free quarterly account statements
    • Access to financial literacy training
    • Access to business skills training
    • Networking opportunities
    • Access to CenteMobile Banking
    • Access to Individual life & medical Insurance at discounted premium rates
    • Special till for supawomen in the bank.
    • Bank links supawomen to markets for their products
    • Supawomen are given loans up to 5 million without collateral.
    • Access to life and medical insurance at discounted premium rates.

    Requirements

    • Minimum opening balance Ushs.50, 000
    • A copy of a valid Identification document of the account holder including the following: Valid National Identity Card for Ugandans, Passport for foreigners (Non-Ugandans), Refugee Identity Card for Refugees, Two (2) recent passport size photos for the account holder

    CenteXpress Account

    Product Features

    • Denominated in Uganda Shillings.
    • Opening balance of UGX 3,000.
    • Minimum balance UGX 2,000.
    • Maximum amount per transaction is UGX 500,000.
    • Daily withdrawal limit of UGX 2,000,000 across all channels.
    • Interest of 3% per annum, payable on minimum balances maintained on the account to be paid quarterly.
    • No monthly Ledger fees.
    • No ATM card issued.
    • Permits deposits by way of cash, digital transfer, cheques and any acceptable means of deposit.

    Benefits

    • Convenient – No need to go to the branch to open the account.
    • Very affordable account to open and operate.
    • Account earns interest on outstanding credit balance.
    • No ledger fees, maintenance fees or other monthly charges.
    • Free and automatic enrolment on CenteMobile and Agent banking.
    • Instant alerts for transactions.
    • No paperwork required during the account opening process

    Requirements

    • Possess a Valid & original National ID.
    • Possess an active SIM card registered in the holder’s name.
    • Possess a mobile phone.

    How To Open A Centexpress Account Using The Centemobile App:

    • Existing customer receives a request to open CenteXpress account from a client.
    • Existing customer validates mobile number registration status of prospecting client using *197# for MTN or *216# for Airtel.
    • Existing customer confirms that the client has the required account opening deposit which is UGX 3,000
    • Existing customer logs into the CenteMobile App.
    • Select CenteXpress Account Opening on the menu.
    • Existing customer then starts capturing KYC in digital form using the steps below.

    Smart Life Account

    Product Features

    • Opening balance Ushs.20,000
    • Minimum balance UShs.10,000
    • Account accessible at any branch or any alternative channel.
    • Transaction alerts
    • Does NOT Attract monthly account maintenance fee
    • Permits deposit/credit by way of cash, wire, mobile banking, cheque and any acceptable means of deposit.
    • The account will be operated in local currency (Uganda shillings)

    Benefits

    • Very attractive interest rates
    • No monthly account management fees
    • Instant transaction alerts
    • Access to a free VISA debit card
    • Access to banking services through all Alternative channels

    Requirements

    • Fully filled account opening forms
    • Copy of valid Identity Card
    • One (1) recent Passport photos Account opening balance

    Cente Diaspora Account

    Product Features

    • Two (2) recent passport-size photos (colored) of the applicant(s).
    • Copy of the National ID required.
    • One (1) Referral either by a Centenary Bank customer or foreign lawyer or Attorney or an officer at Uganda’s consular or diplomatic foreign mission or the bank’s appointed agent/representative.

    Benefits

    • No ledger fees/Account maintenance fee
    • No over The Counter (OTC) charge
    • A devoted Relationship manager
    • Attractive Interest rates
    • Safe & secure investment option
    • Interest paid on quarterly basis on credit balances above the opening balance
    • The account in Ugx earns tiered interest of 3-5% p.a or 0.025% for Euro, GBP & USD.
    • Free online statement as per preferred frequency i.e. monthly, quarterly, bi-annual or annual (sent via individual email address)
    • Deposits can be done through regulated money transfer companies, TT’s and foreign currency cheques.
    • Withdraws are made using CenteMobile, Visa enabled ATM, and other bank’s appointed financial services providers/Agents
    • All transactions are communicated through mobile phone transactional alerts and email alerts

    Requirements

    • Denominated in UGX, USD, GBP and EURO
    • No opening balance
    • Minimum balance of USD 200, GBP 100, Euro 100 and 10,000 for UGX
    • Interest paid on quarterly basis on credit balances above the minimum balance.
    • Account accessible at any Centenary Bank branch in Uganda, via the CenteMobile, VISA and internet banking.
    • Online Statement of account issued quarterly (sent via individual email address)
    • Deposits done through authorized money transfer companies, TT’s and foreign currency cheques or by the bank’s appointed financial services providers/ Agents.
    • Withdraws made using CenteMobile, Visa enabled ATMs, and other bank’s appointed financial services providers/Agents in addition to visiting the banking halls
    • All transactions will be communicated through mobile phone transaction and email alerts.

    Cente Refugee Individual Savings Account

    Product Features

    • The account is open to all major currencies.
    • Account opening balance is UShs. 0 (NIL).
    • Minimum account balance of UShs. 10,000.
    • Account attracts interest.
    • No account maintenance fee.
    • Permits deposits by way of cash wire, cheque and any acceptable means of deposit.
    • Card services are available.

     

    Benefits

    • Account earns attractive interest of 3% p.a.
    • Funds in the account can be accessed anytime and at any branch.
    • Access to financial literacy and entrepreneurship training opportunities.
    • Access to alternative channels, i.e. internet banking.
    • SMS transaction alerts.
    • Negotiable forex rates.
    • A dedicated Relationship Manager.
    • Access to other bank products and services, such as money remittance services, such as Western Union, MoneyGram, and World Remit.

    Requirements

    • Account opening balance is UShs. 0 (NIL).
    • 1 most recent passport-size photograph.
    • Valid identification card, i.e. refugee identity card issued by the Office of the Prime Minister, or Letter of Attestation.

    SAGE Account

    Product Features

    • Opening balance zero.
    • Minimum balance zero.
    • Account accessible at any branch, Agent, CenteMobile & ATM.
    • Transaction alerts.
    • Does NOT attract monthly account maintenance fee.
    • Permits cash withdrawal by completing a withdrawal voucher.
    • Permits deposit/credit by way of cash, wire, mobile banking, cheque, and any acceptable means of deposit.
    • The account will be operated in local currency (Uganda shillings only).

    Benefits

    • Attractive interest.
    • No Account opening fees.
    • No monthly Account management fees.
    • Instant transaction alerts.
    • Online banking, Mobile banking, VISA debit card etc.
    • Access to all Visa-enabled ATMs and POS.
    • Access to banking services through agent network.

    Requirements

    • Filled out account opening forms.
    • Valid National Identification Card.
    • Two (2) recent Passport photos.

    CenteSmart Life Account for Armed Forces

    Product Features

    • Account opening balance UShs. 0 (Zero).
    • Minimum balance is UShs. 10,000.
    • Account accessible at any branch, and all alternative channels.
    • No monthly management fees.
    • Permits deposits / credit by way of cash, wire, mobile banking, cheque, and any acceptable means of deposit.
    • The account will be operated in local currency Uganda shillings and foreign currency USD, EUR, GBP.

    Benefits

    • No (Zero) account opening balance.
    • No monthly fees.
    • Access to salary loans and the instant CenteMobile loans.
    • Instant transaction alerts on all transactions.
    • Attractive interest 3% p.a. for the saving account holders.
    • Free access to all alternative channels.
    • Embedded Insurance cover (Death, Disability, Retrenchment, and Funeral).

    Requirements

    • Filled out account opening forms.
    • A valid copy of your national ID or passport with NIN is required.
    • The Identification Number.
    • A recent passport photo.

    CenteSmart Life Account for Public Service

    Product Features

    • Account opening balance 0 (Zero)
    • Minimum balance is UShs. 10,000.
    • The account is accessible at any branch and all alternative channels.
    • Free first account statement.
    • No monthly management fees.
    • Permits deposits/credit through cash, wire, mobile banking, cheque, and any other acceptable deposit means.
    • The account will be operated in local Uganda Shillings and foreign currencies, such as USD, EUR, and GBP.

    Benefits

    • No (zero) account opening balance.
    • No account monthly maintenance fees.
    • Access to salary loans and the instant CenteMobile loans.
    • Instant transaction alerts on all transactions.
    • Attractive interest of 3% p.a. for the savings account holders.
    • Free access to all alternative channels.
    • Embedded Insurance cover (Death, Disability, Retrenchment, and Funeral).

    Requirements

    • Filled out account opening forms.
    • Valid copy of National ID or passport with NIN
    • A recent Passport Photo.

    Investment Accounts

    Cente Fixed Deposit Account

    Product Features

    • The minimum amount to be fixed is UShs.300, 000; the maximum amount is open.
    • Customers can terminate contracts and still earn interest as long as 80% of the contract has been met
    • No regular fees or charges.
    • The account holder may personally make cash withdrawals before maturity, in which case they forfeit interest.
    • No ATM is issued for this account.
    • No regular account statements are issued.

    Benefits

    • Account earns interest at a rate higher than that applied to other savings account
    • Cash from the account can be withdrawn at any time on notice
    • Account can be used as cash collateral/security for loans
    • Renewable on maturity of up to 24 months, with competitive interest rates
    • Option to select interest payment starting with “Monthly” is available
    • Tiered interest rate, which favors larger depositors
    • SMS alerts for transactions done

    Requirements

    • Passport size photos.
    • Valid identification documents including the following: Valid National Identity Card for Ugandans, Passport for foreigners (Non-Ugandans), Refugee Identity Card for Refugees.
    • Letter of introduction from either employer or local authorities (if not already a customer of the bank)
    • The amount to be fixed
    • Referee who is an account holder (if not an existing customer of Centenary Bank)

    Cente Plus Account

    Product Features

    • Opening deposit of UShs 50,000
    • Minimum balance is UShs 50,000
    • No regular account maintenance fees
    • Customer free to fully withdraw on reaching the agreed amount on account
    • Option for a withdrawal of half the amount on account once during the savings contract period
    • No ATM card issued
    • Monthly commitment for standing orders or cash deposits into the account can be arranged
    • Instant transaction alerts for transactions

    Benefits

    • Attractive interest rate
    • Helps the customer to finance productive assets or investment through savings entirely or alongside some borrowing
    • Customer can get a loan equivalent to 100% of the amount on account to pay for the desired asset/investment
    • Interest paid on monthly basis
    • Account can be pledged as collateral for loans
    • Account balance can be topped up through making cumulative deposits regularly
    • Access to a variety of bank products like CenteMobile and PC banking
    • Permits deposit by way of cash, wire, cheques and any acceptable means of deposit
    • One free account statement issued monthly on request

    Requirements

    • Two (2) passport size photos
    • Valid National Identification Card
    • Opening cash deposit of Ushs 50,000.
    • One (1) Referee (who is Either a Centenary Bank customer, Employer, Lawyer/Advocate, Clergy man, Doctor, Headmaster or any other acceptable Local Authority)

    CenteForeign Fixed Deposit Account

    Product Features

    • Deposit in foreign currency fixed for a specified period i.e., 3 months, 6 months, 9 months, 12 months, or 24 months.
    • The minimum amount to be fixed is USD 10,000 or equivalent, such as GBP, EURO, or KES; there is no maximum.
    • No regular fees or charges.
    • Cash withdrawal may be personally made to the account by the holder before maturity.
    • No ATM issued.
    • No regular account statements provided.

    Benefits

    • The account earns interest depending on the amount and period.
    • The account can be liquidated at any time upon notice.
    • Funds on account can be pledged as collateral for bank loans.
    • Renewable on maturity, to earn further interest.
    • Accrued interest is paid every month.
    • Flexible withdrawals: Customers can now terminate contracts and still earn interest as long as 80% of the contract period has been met.

    Requirements

    • Passport size photos
    • Valid Nation Identification Card, Passport with National ID Number.
    • The amount to be deposited
    • Need to hold an account with Centenary Bank.

    Current Accounts

    Cente Current Accounts

    Product Features

    • Opening deposit of UShs.100,000 for individuals and UShs.3,000.000 for platinum customers
    • Minimum account balance is UShs.10, 000 for individuals & UShs.300,000 for platinum customers.
    • This account attracts ledger fees
    • Cash withdrawal done by using cheques signed by account owner or appointed agents Cheque book and CenteVisa Card issued on request Regular monthly statements issued to account holder.

    Benefits

    • Unrestricted cash and cheque deposits and withdrawals
    • Access to a variety of the bank’s credit products
    • Access to money transfers, CenteMobile and Internet Banking services.
    • Daily balances and mini-statements available on request
    • Can be held both in local and foreign currencies
    • Authority to operate the account can be delegated to third parties
    • Account can be operated as a joint current account Provides instant transaction alerts
    • No cash handling risks
    • Instant transactions
    • Can send to or receive from anywhere in Uganda, as long as there is Airtel phone network
    • Customer can deposit his/her mobile money on the bank account

    Requirements

    The requirements for opening a current account depends on the legal status of the prospective customer, varying as to whether it is an individual, sole proprietor, company, partnership, club, association, cooperative union or society as per details below;

    Personal:

    • Two (2) passport size photos
    • A mandatory opening cash deposit of Ushs.100, 000.
    • One (1) Referee (who is either a Centenary Bank customer, employer, lawyer/advocate, clergy man, doctor, headmaster or any other acceptable local authority)
    • Valid identification document including the following:
      1. Valid National Identity Card for Ugandans
      2. Passport for foreigners (Non-Ugandans).
      3. Refugee Identity Card for Refugees.
    • A mandatory opening cash deposit of Ushs.100, 000.
    • One (1) Referee (who is either a Centenary Bank customer, employer, lawyer/advocate, clergy man, doctor, headmaster or any other acceptable local authority)

    Sole Proprietorship:

    • Two (2) passport size photos
    • Valid identification documents (either copy of a national ID card, employer, voters’ card, driving permit or passport)
    • Opening cash deposit of Ushs.300, 000.
    • Certified copy of certificate of registration
    • Copy of trading license
    • Certified copy of statement of particulars
    • Two (2) Referees- anyone who is either a customer of Centenary Bank, lawyer/advocate, clergy man, doctor, headmaster or any other acceptable and reputable personality

    Companies

    • Two (2) passport size photos
    • Valid identification document including the following:
      1. Valid National Identity Card for Ugandans
      2. Passport for foreigners (Non-Ugandans).
      3. Refugee Identity Card for Refugees.
    • A mandatory opening cash deposit of Ushs.100, 000.
    • One (1) Referee (who is either a Centenary Bank customer, employer, lawyer/advocate, clergy man, doctor, headmaster or any other acceptable local authority)

    SME Accounts

    SME Group Accounts

    Cente VSLA Savings Account

    Product Features

    • Denominated in Uganda Shillings (UGX)
    • Account opening cash deposit is Zero
    • Minimum balance required UGX. 5,000
    • Account attracts interest
    • No Account maintenance fee
    • Statement of account issued monthly
    • Permits deposit by way of cash, wire, cheque and any acceptable means
    • SMS transaction alerts

    Benefits

    • Account earns attractive interest
    • One free account statement per quarter
    • Account can be liquidated any time on notice
    • Access to Financial Literacy and entrepreneurship training opportunity
    • Account credit balance can be pledged as collateral for wholesale credit facilities
    • Access to POS service
    • Access to SMS-Banking service
    • Access to CenteMobile Banking service
    • Access to PC Banking
    • Cheque collection and clearing service
    • Accounts opening is done from the field/community level

    Requirements

    • Minimum account opening cash deposit is Zero
    • Two (2) most recent passport size photos of account signatories
    • Valid National Identification Card
    • Copy of VSLA registration certificate either from Sub-county, District or National level
    • Copy of VSLA Constitution
    • Copy of minutes and resolution to open account
    • Account operating mandate Certificate of registration from District Community Development office
    • Introduction letter from District Community Development Officer (DCDO)

    Cente Investment Club Current Account

    Product Features

    • Opening cash deposit of Ugx.50,000
    • Minimum balance of Ugx.50,000
    • Account accessible at any branch Issue of electronic account statement months
    • Transaction alerts to selected account managers
    • Attracts ledger fees
    • Issue of cheque book on request
    • Permits cash withdrawal by cheque
    • Permits deposit by way of cash, wire, mobile banking and cheque

    Benefits

    • Attractive tiered interest rates.
    • Ability to borrow up to 150% of savings after 6 months of consistent banking
    • Attractive loan interest rates
    • A dedicated relationship officer
    • Free Internal funds transfers through standing orders and direct debits
    • Access to financial literacy training sessions
    • Access to business skills training sessions
    • Opportunity to network among clubs
    • Opportunity to attend bi-annual Investment clubs forums

    Requirements

    • Opening cash deposit of Ugx.50,000
    • Copy of Investment Club bye – laws and minutes with a resolution to open the account
    • Copy of the Investment Club registration certificate
    • Copy of valid Identity documents for Account signatories including the following: Valid National Identity Card for Ugandans Passport for foreigners (Non-Ugandans), Refugee Identity Card for Refugees, Two (2) recent Passport photos for the Account signatories
    • Signatories mandate

    Cente Sacco Current Account

    Product Features

    • Minimum opening deposit of UShs.200, 000
    • Minimum balance of UShs.10, 000
    • The account does not attract interest
    • Free quarterly statement
    • Minimum ledger fee of Ushs.11, 000
    • SMS transaction alerts

    Benefits

    • Financial literacy and entrepreneurship training opportunity
    • Account credit balance can be pledged as collateral for wholesale credit facilities
    • One free account statement per quarter

    Requirements

    • Minimum opening deposit – UShs.200, 000
    • Two (2) recent passport size photos of Account signatories.
    • Valid identification for the Account signatories including the following: Valid National Identity Card for Ugandans, Passport for foreigners (Non-Ugandans), Refugee Identity Card for Refugees.
    • Copy of SACCO by- laws
    • Copy of the minutes, resolution and signatories with account operating mandate
    • Copy of registration issued by the District Commercial Officer or District
    • Referee who must be a Centenary Bank account holder, LC1 Chairperson, Registered Advocate, Religious Leader, RDC or CAO or any person of good repute.

    Cente VSLA Savings Account

    Product Features

    • Denominated in Uganda Shillings (UGX)
    • Account opening cash deposit is Zero
    • Minimum balance required UGX. 5,000
    • Account attracts interest
    • No Account maintenance fee
    • Statement of account issued monthly
    • Permits deposit by way of cash, wire, cheque and any acceptable means
    • SMS transaction alerts

    Benefits

    • Account earns attractive interest
    • One free account statement per quarter
    • Account can be liquidated any time on notice
    • Access to Financial Literacy and entrepreneurship training opportunity
    • Account credit balance can be pledged as collateral for wholesale credit facilities
    • Access to POS service
    • Access to SMS-Banking service
    • Access to CenteMobile Banking service
    • Access to PC Banking
    • Cheque collection and clearing service
    • Accounts opening is done from the field/community level

    Requirements

    • Minimum account opening cash deposit is Zero
    • Two (2) most recent passport size photos of account signatories
    • Valid National Identification Card
    • Copy of VSLA registration certificate either from Sub-county, District or National level
    • Copy of VSLA Constitution
    • Copy of minutes and resolution to open account
    • Account operating mandate Certificate of registration from District Community Development office
    • Introduction letter from District Community Development Officer (DCDO)

    Cente Refugee VSLA Group Savings Account

    Product Features

    • The account is open to all major currencies.
    • Account opening balance is UShs. 0 (NIL).
    • Minimum balance of UShs. 5,000.
    • Account attracts interest.
    • No account maintenance fee.
    • Permits deposits by way of cash wire, cheque and any acceptable means of deposit.
    • SMS transaction alerts.

    Benefits

    • Free withdrawal over the counter.
    • Account earns attractive tiered interest based on account balances, i.e.
    • 3% p.a. for Ugx 2M – 300M,
    • 4% p.a. for >300M – 500M, and
    • 5% p.a. for 500M and above.
    • Access to financial literacy and entrepreneurship training opportunities.
    • Account credit balance can be pledged as collateral for wholesale credit facilities.
    • Access to alternative channels.
    • Access to other bank products and services.

    Requirements

    • Account opening balance is UShs. 0 (NIL).
    • 1 most recent passport size photograph.
    • Valid identification card i.e. refugee identity card issued by the Office of the Prime Minister or Letter of Attestation.
    • Copy of VSLA registration certificate (un-certified) from either Sub-County or District/National level.
    • Copy of VSLA constitution (un-certified).
    • Copy of minutes and resolution to open account (un-certified).
    • Account operating mandate.
    • Introduction letter from the District or Refugee Community Development Officer (DCDO/Refugee Welfare Council).

    CenteSACCO Savings Account

    Product Features

    • The account is denominated in Uganda Shillings (UGX).
    • No cash deposit required to open the account.
    • Minimum balance of 10,000.
    • Tiered interest on account balances.
    • Standing order at 3,000.
    • Loan interest at 13% p.a.
    • Permits cash withdrawals through withdrawal vouchers & CenteSwift. Withdrawal charges vary based on the amount withdrawn:

          – For withdrawals < UShs. 50M, a charge of UShs. 6,000 applies

          – For withdrawals between UShs. 50M and UShs. 200M, the charge is UShs. 10,000,

         – For withdrawals above UShs. 200M, the charge is UShs. 20,000.

    • Accessible at any branch.
    • 1 free statement of account issued quarterly, and on request.
    • Accepts deposits via cash, wire, cheques, and other acceptable means, i.e. Mobile Money.

    Benefits

    • Free charge account with no monthly ledger fees.
    • Free quarterly bank statements.
    • Attractive tiered interest rates on deposits:

    – 2% p.a. (100M – 300M)

    – 3% p.a. (300M – 500M)

    – 4% p.a. (500M – 800M)

    – 5% p.a. (above 800M)

    • Free financial literacy training and mentorship.
    • Convenient 24/7 banking with CenteLinkApp.
    • Offers protective insurance policies covering principal members, spouses, and children at lower premium rates: Insurance packages range between UShs. 36,000 and UShs. 108,000 as funeral cash to cover death, accidents, and critical sickness. For example, the member receives UShs. 10M, the member’s spouse receives UShs. 5M, and the member’s four (4) children receive UShs. 1.2M each. Credit insurance policy to cover members’ loans at 1% by CIC.
    • Cash-in-Transit (C.I.T) serves offered at the SACCO’s expense.

    Requirements

    To open a SACCO Savings account, the following are required:

    • No opening cash deposit.
    • Copy SACCO by-laws (uncertified).
    • Copy of SACCO registration certificate from the Ministry of Co-operatives (uncertified).
    • Valid National ID for account signatories.
    • Two passport-size photographs of account signatories.
    • Copy of minutes and resolution/minutes/attendance list to open the account (uncertified).
    • Recommendation letter from the District Commercial Office (DCO).

    SME Corporate Accounts

    Cente Current Accounts

    Product Features

    • Opening deposit of UShs.100,000 for individuals and UShs.3,000.000 for platinum customers
    • Minimum account balance is UShs.10, 000 for individuals & UShs.300,000 for platinum customers.
    • This account attracts ledger fees
    • Cash withdrawal done by using cheques signed by account owner or appointed agents Cheque book and CenteVisa Card issued on request Regular monthly statements issued to account holder.

    Benefits

    • Unrestricted cash and cheque deposits and withdrawals
    • Access to a variety of the bank’s credit products
    • Access to money transfers, CenteMobile and Internet Banking services.
    • Daily balances and mini-statements available on request
    • Can be held both in local and foreign currencies
    • Authority to operate the account can be delegated to third parties
    • Account can be operated as a joint current account Provides instant transaction alerts

    Requirements

    The requirements for opening a current account depends on the legal status of the prospective customer, varying as to whether it is an individual, sole proprietor, company, partnership, club, association, cooperative union or society as per details below;

    Personal:

    • Two (2) passport size photos
    • A mandatory opening cash deposit of Ushs.100, 000.
    • One (1) Referee (who is either a Centenary Bank customer, employer, lawyer/advocate, clergy man, doctor, headmaster or any other acceptable local authority)
    • Valid identification document including the following:
      1. Valid National Identity Card for Ugandans
      2. Passport for foreigners (Non-Ugandans).
      3. Refugee Identity Card for Refugees.
    • A mandatory opening cash deposit of Ushs.100, 000.
    • One (1) Referee (who is either a Centenary Bank customer, employer, lawyer/advocate, clergy man, doctor, headmaster or any other acceptable local authority)

    Sole Proprietorship:

    • Two (2) passport size photos
    • Valid identification documents (either copy of a national ID card, employer, voters’ card, driving permit or passport)
    • Opening cash deposit of Ushs.300, 000.
    • Certified copy of certificate of registration
    • Copy of trading license
    • Certified copy of statement of particulars
    • Two (2) Referees- anyone who is either a customer of Centenary Bank, lawyer/advocate, clergy man, doctor, headmaster or any other acceptable and reputable personality

    Companies

    • Two (2) passport size photos
    • Valid identification document including the following:
      1. Valid National Identity Card for Ugandans
      2. Passport for foreigners (Non-Ugandans).
      3. Refugee Identity Card for Refugees.
    • A mandatory opening cash deposit of Ushs.100, 000.
    • One (1) Referee (who is either a Centenary Bank customer, employer, lawyer/advocate, clergy man, doctor, headmaster or any other acceptable local authority)

    Benefits

    • No cash handling risks
    • Instant transactions
    • Can send to or receive from anywhere in Uganda, as long as there is Airtel phone network
    • Customer can deposit his/her mobile money on the bank account

    Cente Fixed Deposit Account

    Product Features

    • The minimum amount to be fixed is UShs.300, 000; the maximum amount is open.
    • Customers can terminate contracts and still earn interest as long as 80% of the contract has been met
    • No regular fees or charges.
    • The account holder may personally make cash withdrawals before maturity, in which case they forfeit interest.
    • No ATM is issued for this account.
    • No regular account statements are issued.

    Benefits

    • Account earns interest at a rate higher than that applied to other savings account
    • Cash from the account can be withdrawn at any time on notice
    • Account can be used as cash collateral/security for loans
    • Renewable on maturity of up to 24 months, with competitive interest rates
    • Option to select interest payment starting with “Monthly” is available
    • Tiered interest rate, which favors larger depositors
    • SMS alerts for transactions done

    Requirements

    • Passport size photos.
    • Valid identification documents including the following: Valid National Identity Card for Ugandans, Passport for foreigners (Non-Ugandans), Refugee Identity Card for Refugees.
    • Letter of introduction from either employer or local authorities (if not already a customer of the bank)
    • The amount to be fixed
    • Referee who is an account holder (if not an existing customer of Centenary Bank)

    CenteNGO Account (Current & Savings)

    Product Features

    • Opening balance of UShs. 50,000 or equivalent in USD, EUR or GBP for the NGO Savings Account.
    • Opening balance of UShs. 100,000 or equivalent in USD, EUR or GBP for the NGO Current Account.
    • Opening balance of UShs. 1,000,000 or equivalent in USD, EUR or GBP for the NGO Executive Current Account.
    • No monthly management fees (NGO Executive Current Account).

     

    Benefits

    • Free account statement per quarter.
    • Free internet banking for Executive Current account holders (opening balance UShs. 1 million and above).
    • Preferential salary loan rates for staff.
    • Dedicated RM (Relationship Manager).
    • Attached to treasury daily market updates.
    • Access to E-Statements.
    • Free email alerts to signatories.
    • Free Swift messages.

    Requirements

    • Opening balance of UShs. 50,000 or equivalent in USD, EUR or GBP for the Ordinary savings account.
    • Opening balance of UShs. 100,000 or equivalent in USD, EUR or GBP for the Current account.
    • Opening balance of UShs. 1,000,000 or equivalent in USD, EUR or GBP for the Executive current.
    • Copy of a valid National Identification Card of the account signatories.
    • Two (2) recent passport photos of account signatories.
    • Copy of registration certificate issued by URSB.
    • Copy of NGO permit issued by the Ministry of Internal Affairs.
    • Certified copy of bylaws or constitution.
    • Certified copy of Certificate of Registration issued by the authorized registrar.
    • The annual general meeting resolution is to open the account with a seal and original signatures.
    • A written application letter is needed to open an account on headed paper and signed by the authorized signatories.

    Corporate Accounts

    CenteNGO Account (Current & Savings)

    Product Features

    • Opening balance of UShs. 50,000 or equivalent in USD, EUR or GBP for the NGO Savings Account.
    • Opening balance of UShs. 100,000 or equivalent in USD, EUR or GBP for the NGO Current Account.
    • Opening balance of UShs. 1,000,000 or equivalent in USD, EUR or GBP for the NGO Executive Current Account.
    • No monthly management fees (NGO Executive Current Account).

     

    Benefits

    • Free account statement per quarter.
    • Free internet banking for Executive Current account holders (opening balance UShs. 1 million and above).
    • Preferential salary loan rates for staff.
    • Dedicated RM (Relationship Manager).
    • Attached to treasury daily market updates.
    • Access to E-Statements.
    • Free email alerts to signatories.
    • Free Swift messages.

    Requirements

    • Opening balance of UShs. 50,000 or equivalent in USD, EUR or GBP for the Ordinary savings account.
    • Opening balance of UShs. 100,000 or equivalent in USD, EUR or GBP for the Current account.
    • Opening balance of UShs. 1,000,000 or equivalent in USD, EUR or GBP for the Executive current.
    • Copy of a valid National Identification Card of the account signatories.
    • Two (2) recent passport photos of account signatories.
    • Copy of registration certificate issued by URSB.
    • Copy of NGO permit issued by the Ministry of Internal Affairs.
    • Certified copy of bylaws or constitution.
    • Certified copy of Certificate of Registration issued by the authorized registrar.
    • The annual general meeting resolution is to open the account with a seal and original signatures.
    • A written application letter is needed to open an account on headed paper and signed by the authorized signatories.