Low and affordable ledger fees: Kshs. 35 per item, minimum Kshs. 350 per month.
No over-the-counter charges when withdrawing using a cheque book.
VISA ATM card issued on application for personal Current account.
Unlimited withdrawals.
Minimum opening balance: Personal – Kshs. 5,000
No minimum operating balance.
Free monthly statement.
Can be opened for both local and foreign currencies.
Original National Identity Card*/ Valid Passport.
Recent Passport Size Colour Photograph.
Verified Employment and/or source(s) of income. Relevant permits for foreign individuals: work permit, residence card
Where applicable, written confirmation from customer’s prior bank attesting to customer’s identity and history of account relationship (bank referee).
Unlimited withdrawals.
Minimum opening balance: Personal – Kshs. 5,000
No minimum operating balance.
Free monthly statement.
Access to personal loans
Tenor: Upto 6 (six) months
Maximum amount: Three times of gross salary up to Kes 100,000
Access to salary advance of up to 50% of net with a maximum of Kes 15,000
personal Current account
No Cheque book
Debit card Charges as per bank’s tariff
Access to mobile banking as per banks tariff
Access to online banking as per Bank’s tariff
1 Colour passport size photo
Certified copy of national ID
Letter of Introduction from Employer/Copy of Payslip
Salary processing at Kes. 100
5 free ATM transactions per month (on BOA ATMs).
Free viewing option on B-Web online banking.
Free standing order for internal accounts.
Eligible for an overdraft facility with attractive rates
Access to personal loan at an attractive interest rate
Interest is paid to the savings account for balances above Kshs. 20,000
First cheque book is free (25 leaves); other subsequent cheque books to be charged as per tariff.
Free debit card.
Access to mobile banking (B-Mobile).
Access to online banking (B-Web).
Passport size photo
Certified copy of national identity card
Documents of proof of residence
Last 3 payslips
Letter of undertaking from employer
Monthly flat fee of Kshs. 350.
Savings Account
Open with as little as Kshs 500
Minimum operating balance is Kshs 500
One free Bankers cheque per term
Balance to get Hippo Bank is Kshs 700
Access to school fees loan
Interest is paid to balances above Kshs. 5,000 with one withdrawal allowed per quarter
Half yearly statement of account free
Original Birth Certificate of the minor.
Original National Identity Card of parent*/ Valid Passport/ appointed guardian/Custodian.
Custodian certificate where applicable.
Letter from the parent authorizing the guardian to open an account.
Recent Passport Size Colour Photograph of parent/ guardian and minor.
Verified Employment and/or source(s) of income.
Where applicable, written confirmation from customer’s prior bank attesting to customer’s identity and history of account relationship (bank referee)
No Ledger fees charged
Savings Account
No monthly charges
No ATM card and Cheque book issued
Over the counter withdrawals allowed once every 3 months
Access to loans – up to 80% of savings
Interest paid every 3 months
Original National Identity Card*/ Valid Passport.
Recent Passport Size Colour Photograph.
Verified Employment and/or source(s) of income. Relevant permits for foreign individuals: work permit, residence card
Where applicable, written confirmation from customer’s prior bank attesting to customer’s identity and history of account relationship (bank referee).
Low opening balance of Kshs 500
Minimum balance to earn interest Kshs 20,000
Savings Account
The savings plan must be backed by a current account with a letter of undertaking.
Account opening is free
Savings must be made through 12 payments via a standing order from the Current account.
The standing order is for a minimum of Kshs 2, 000.
The savings plan cannot be terminated before complete loan repayment.
Interest is paid monthly.
The loan amount is equivalent to twice the amount saved and a maximum Debt Service ratio (DSR) of 50% (whichever is lower)
Maximum loan duration is 48 months.
The customer can start another savings plan while benefiting from loan.
Passport size photo.
Original ID or passport.
3 last pay slips.
Letter of undertaking from employer reference.
Attractive interest rates on loan; Processing fee 2%.