A non profit bearing checking account, which can be in Kenya Shillings or in any foreign currency available at KCB. It is designed to provide customers with convenient access to their funds through issuing cheques.
Benefits
Available in foreign currencies
Available in Kes or foreign currencies (USD,GBP,CHF,EURO,AUD,ZAR).
ATM Services
Countrywide ATM service for sole proprietors.
No minimum operating balance
No minimum operating balance required for this account.
Multiple forms of payment can be processed
Salaries and other forms of payment can be processed through the account.
In all KCB branches
Available in all KCB branches.
Statements available
Statements of accounts are provided at regular intervals upon request.
What we need from you*
- National Identification card.
- Adequate introduction.
- Relevant certificate of Registration/Incorporation.
Rates & Fees*
- Opening Balance – Kes 2,000.
- Minimum Operating Balance – Nil.
- Maintenance Fee – Kes 300.
- Ledger fees - per entry - Kes 35.
- Min per month – Kes 350.
- ATM Card – Kes 430.
- ATM Withdrawal Charge – Kes 30.
- Over the counter Withdrawal upto Kes 1,000,000 - Kes 200.
- Daily amounts above Kes 1,000,000 - Kes 5,000.
- Cheques returned unpaid
- Refer to drawer - Kes 3,000.
- Not arranged for - Kes 3,000.
- Effects not cleared - Kes 3,000.
- Technical Reasons - Kes 850.
- Handling fee for inward unpaid cheque - Kes 585.
- Stop Payment - Kes 480.
- Certificate of balance - Kes 1065.
- Closing Account Normal charges - Nil.
- Ledger Fees to date or minimum - Kes 350.
- Counter Debits/Cheques Charges per item - Kes 400.
- Standing Orders- Applicable as per our standard rates.
- EFT/Salary Processing - Kes 200.
- Cash handling
- For amounts up to Kes 500,000 - Nil.
- From Kes 500,001 and above - 0.2%.
- Cheque Book - Kes 8 per leaf.
- Lcy Bankers Cheques – Kes 200.
