Current Account

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K-Rep Bank’s current account is a convenient and flexible account which can be used to make or receive payments. The current account can be opened by individuals, joint names, registered businesses, groups, churches or organizations.

Benefits

  • Convenient and easy to open.
  • Minimum amount required to open is Kshs.2,000 but with no minimum balance
  • A safe and convenient way for payments through use of cheque book
  • You can get a Loan/overdraft facility
  • Customer can place standing orders for regular payments e.g. insurance premiums, rent, etc.
  • Free monthly statements
  • Can withdraw to zero and as many times as you wish

You need the following:

  • Two colured passport size photographs
  • A copy of your National Identity Card (ID) plus the original for verification
  • Certificate of registration/incorporaton, Copy of pin certificate and Memorandum of resolution in the case of a company/group

SME Current Account

An account for business with high turnovers and frequently deal with foreign currencies

  • Opening Balance Ksh 2000
  • Ledger fee of Ksh 300
  • Access to Over Draft Facilities and Loan services

Benefits

  • Cheque book facility
  • No limit to number of withdrawals and deposits per day
  • Can have the account in either KES, USD, GBP and EURO
  • Can receive and transfer money through this account either in KES. OR foreign currencies
  • Access loan facilities
  • ATM Services and Hela Mobile Service

Requirements

  • Copy of National Id
  • Copy of Utility bill for the business
  • Copy of Registration Certificate of the business
  • Search Fee of Ksh 500
  • Opening Balance of Ksh 2000

Halal Current Account

  • Interest free account
  • Sharia compliant
  • Cheque book facility

Requirements

  • Copy of National ID
  • Opening balance of Ksh 500
  • Letter from your employer

CDF Current Account

Product Features

  • No limit to number of withdrawals and deposits per day
  • Can have the account in Kes, USD & GBP and EURO.
  • Can receive and transfer money through this account in either currency

Requirements

  • Account opening form duly filled ad signed by signatories
  • Resolution to open an account with operation mandate
  • Constitution
  • Minutes signed by officials
  • Certificate of registration if any
  • List of members with numbers of their ID or passport
  • Certified copy of valid ID or Passport for signatories(Original must be sighted by Bank staff
  • Photographs of officials taken at the branch
  • Acceptable references
  • Introduction by CDF office
  • PIN certificate for signatories
  • Income template
  • EDD

Introduction by relevant ministry in case of a registered group

Nawiri Account

Product features

  • No Leger Fees
  • Minimum balance maintained in the account of Kes 300/-
  • Opening balance Kes 300/-
  • O.T.C withdrawal is kes100 and ATM withdrawals at Kes 50 /-

Requirements

  • Copy of National Id
  • If employed KRA pin has to be produced and if you are self-employed you do not need a KRA Pin Certificate
  • Opening balance of Ksh 1000

Individual Current Account

Product description:

  • Opening balance Ksh 2,000
  • Minimum Balance Ksh 2,000
  • Ledger fee Ksh 300
  • OTC withdrawal is kes100 and ksh 50 at the ATM

Requirements

  • Copy of National Id
  • If employed KRA pin has to be produced and if you are self-employed you do not need a KRA Pin Certificate
  • Opening balance of Ksh 2000

Ungana Current Account

This account is suited for investment groups

Product Features

  • Opening Balance Ksh 2000
  • Ledger fee of Ksh 300
  • No ATM card
  • OTC is Ksh 100

Benefits

  • Cheque book facility
  • Leverage 5 times to Access loan facilities to invest in land, stocks and real estate.
  • No limit to number of withdrawals  and deposits per day
  • Through this account either in KES. or foreign currencies
  • Operate  account in foreign currencies
  • Telegraphic  transfer at competitive rate
  • Free photo captured on account opening
  • Free investment and legal advisory services.

Requirements

  • Account opening form dully filled and signed by the signatories
  • Constitution
  • Certificate of registration
  • Minutes with resolution to open  account duly signed by officials
  • List of members with signatures and ID numbers
  • Certified copy of valid ID or Passport of the signatories(Original must be sighted by Bank staff
  • Photographs taken at the branch
  • Duly introduced
  • Turnovers
  • KRA Pin Certificated for signatories

Any/all copies of documents obtained have to be certified as true.

 

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