Commercial Bank of Africa accounts

7 min read

ACCOUNT NAME: 

Current Account- Bundles Tariff

BENEFITS:

  • Same day clearing for CBA drawn cheques from any part of the country

  • Access to your personal account at all CBA branches countrywide

  • Access to CBA, Kenswitch, PesaPoint and all Visa branded ATMs worldwide

  • Each account is assigned a Personal Relationship Officer

For a monthly fee of KShs. 850, you access free:

  • Cheque books

  • Standing orders

  • Banker’s cheques (local currency)

  • Sweep facilities across current accounts

  • Inter-account transfers

  • Monthly statements

  • ATM withdrawals on CBA owned ATMs

QUALIFICATIONS:

  • Primary identification Original Identification Document and PIN Certificate (National ID’s for Kenyans & Valid Passport for Foreign Nationals) Secondary identification Kenyan Citizens - Passport, Drivers License, Employment ID, Foreign Nationals - Alien certificate, Driver's License, Employment ID

  • Two passport size color photographs 

  • Introduction letter from a referee who holds a bank account; or Employer; or Lawyer listed in CBA’s panel; or Area Chief; or Church / Mosque clergy; or Current Employment contract. 

  • Confirmation of residential address. Any of the following; Utility Bill; or Tenancy Agreement; or Letter from Employer; or Lawyer listed in CBA’s panel; or Area chief; or Church / Mosque clergy confirming residential address. 

  • Residential permit for Foreign Nationals Letter from Embassy or parent firm and Immigration file number (R. Number) for non residents 

  • For Credit Card Processing :

  • Duly completed Credit Card application form 

  • Latest 3 months pay slips 

  • Certified copies of bank statements for the last 6 months

FEES:

Kshs 850 monthly


ACCOUNT NAME: 

Current Account- Pay As You Go Tariff

BENEFITS:

  • Unlimited access to funds through your debit card, cheque book and internet banking

  • Free incoming fund transfers on all currencies

  • Free Intra-account transfers

  • Each account is assigned a Personal Relationship Officer

QUALIFICATIONS:

  • Primary identification Original Identification Document and PIN Certificate (National ID’s for Kenyans & Valid Passport for Foreign Nationals) Secondary identification Kenyan Citizens - Passport, Drivers License, Employment ID, Foreign Nationals - Alien certificate, Driver's License, Employment ID

  • Two passport size color photographs 

  • Introduction letter from a referee who holds a bank account; or Employer; or Lawyer listed in CBA’s panel; or Area Chief; or Church / Mosque clergy; or Current Employment contract. 

  • Confirmation of residential address. Any of the following; Utility Bill; or Tenancy Agreement; or Letter from Employer; or Lawyer listed in CBA’s panel; or Area chief; or Church / Mosque clergy confirming residential address. 

  • Residential permit for Foreign Nationals Letter from Embassy or parent firm and Immigration file number (R. Number) for non residents 

FOR CREDIT CARD PROCESSING :

  • Duly completed Credit Card application form 

  • Latest 3 months pay slips 

  • Certified copies of bank statements for the last 6 months

FEES:

  • Monthly ledger fees charged according to account balance:

    • Balance below KShs. 30,000 KShs. 640 or FCY equivalent

    • KShs. 30,001 – Kshs. 100,000 KShs. 585 or FCY equivalent

    • Above KShs. 100,000 Free

  • Free monthly statements


ACCOUNT NAME: 

Freedom Account

BENEFITS:

  • A dedicated Account Relationship Manager

  • The account is available in Kenya Shillings only

  • Access via mobile and internet banking

  • Access to your funds from over 600,000 Visa branded ATMs and 19 million Visa merchants worldwide

  • Access to offshore investment opportunities for long-term savings needs

  • Opportunity to invest in CBA unit trust funds

  • Access to a wide range of health insurance, life insurance and car insurance packages

  • Credit facilities for individual account holders

  • Real-time access to your account in any of the CBA Service Delivery Centres

  • Access to credit card and loan facilities

QUALIFICATIONS:

  • Original Identification Document and PIN Certificate (National ID’s for Kenyans & Valid Passport for Foreign Nationals) Secondary identification Kenyan Citizens - Passport, Driver's License, Employment ID, Foreign Nationals - Alien certificate, Driver's License, Employment ID

  • Two passport size color photographs 

  • Introduction letter from a referee who holds a bank account; or Employer; or Lawyer listed in CBA’s panel; or Area Chief; or Church / Mosque clergy; or Current Employment contract. 

  • Confirmation of residential address. Any of the following; Utility Bill; or Tenancy Agreement; or Letter from Employer; or Lawyer listed in CBA’s panel; or Area chief; or Church / Mosque clergy confirming residential address. 

  • Residential permit for Foreign Nationals Letter from Embassy or parent firm and Immigration file number (R. Number) for non residents 

FOR CREDIT CARD PROCESSING :

  • Duly completed Credit Card application form 

  • Latest 3 months pay slips 

  • Certified copies of bank statements for the last 6 months

FEES:

  • Free funds transfers to any of your CBA accounts

  • Free incoming fund transfers

  • No charge on cash deposits made

  • Opening balance – KShs. 1,200

  • Minimum operating balance – KShs. 1,000

  • Monthly ledger fees – KShs. 210


ACCOUNT NAME:

Nufaika savings account

ACCOUNT TYPE: 

Savings Account

BENEFITS:

  • Access to personal overdraft and loans of up to 75% of savings account balance

  • Access to investment opportunities for long-term saving needs

  • Access to a wide range of life and personal insurance packages

  • Credit facilities available subject to qualifications

  • One withdrawal allowed per quarter otherwise interest for the half year is forfeited.

  • Withdrawals are restricted to ‘over the counter’.

  • Mobile and internet banking – account viewing rights and intra account transfers allowed

  • Interest paid bi-annually i.e. end of June and end of December.

QUALIFICATIONS:

  • Original Identification Document and PIN Certificate (National ID’s for Kenyans & Valid Passport for Foreign Nationals) Secondary identification Kenyan Citizens - Passport, Driver's License, Employment ID, Foreign Nationals - Alien certificate, Driver's License, Employment ID

  • Two passport size color photographs 

  • Introduction letter from a referee who holds a bank account; or Employer; or Lawyer listed in CBA’s panel; or Area Chief; or Church / Mosque clergy; or Current Employment contract. 

  • Confirmation of residential address. Any of the following; Utility Bill; or Tenancy Agreement; or Letter from Employer; or Lawyer listed in CBA’s panel; or Area chief; or Church / Mosque clergy confirming residential address. 

  • Residential permit for Foreign Nationals Letter from Embassy or parent firm and Immigration file number (R. Number) for non residents

FEES:

  • No fees charged on this account

  • Free incoming funds transfers

  • Account Opening Balance KShs.3,000

  • Account Minimum Interest Earning Balance Kshs.30,000


ACCOUNT NAME: 

The Call Deposit  Account

ACCOUNT TYPE: 

Savings Account

BENEFITS:

  • The interest rate is fixed and guaranteed for the term of the investment, so you don`t have to worry about declining interest rates

  • Interest payment options are flexible, allowing interest to be paid monthly, quarterly, half-yearly, annually or upon maturity

  • You may use any of these deposit accounts as security against a loan or overdraft

  • CBA will automatically reinvest/roll over your funds after the maturity date, unless you instruct us otherwise

  • Should you wish to change your investment period, just inform us before the date of maturity

  • In addition you will receive a free advice slip in the mail upon maturity or on request

  • you may invest for a minimum period of 7 days onwards.

QUALIFICATIONS:

  • Original Identification Document and PIN Certificate (National ID’s for Kenyans & Valid Passport for Foreign Nationals) Secondary identification Kenyan Citizens - Passport, Driver's License, Employment ID, Foreign Nationals - Alien certificate, Driver's License, Employment ID

  • Two passport size color photographs 

  • Introduction letter from a referee who holds a bank account; or Employer; or Lawyer listed in CBA’s panel; or Area Chief; or Church / Mosque clergy; or Current Employment contract. 

  • Confirmation of residential address. Any of the following; Utility Bill; or Tenancy Agreement; or Letter from Employer; or Lawyer listed in CBA’s panel; or Area chief; or Church / Mosque clergy confirming residential address. 

  • Residential permit for Foreign Nationals Letter from Embassy or parent firm and Immigration file number (R. Number) for non residents 

  • Minimum deposit KShs.10M or the equivalent in foreign currency.

FEES:

Minimum deposit KShs.10M or the equivalent in foreign currency.


ACCOUNT NAME: 

The Time Deposit Account

ACCOUNT TYPE: 

Savings Account

BENEFITS:

  • The interest rate is fixed and guaranteed for the term of the investment, so you don`t have to worry about declining interest rates

  • Interest payment options are flexible, allowing interest to be paid monthly, quarterly, half-yearly, annually or upon maturity

  • You may use any of these deposit accounts as security against a loan or overdraft

  • CBA will automatically reinvest/roll over your funds after the maturity date, unless you instruct us otherwise

  • Should you wish to change your investment period, just inform us before the date of maturity

  • In addition you will receive a free advice slip in the mail upon maturity or on request

  • You may choose to invest for 1-12 months with the option to roll the account over after that time

QUALIFICATIONS:

  • Original Identification Document and PIN Certificate (National ID’s for Kenyans & Valid Passport for Foreign Nationals) Secondary identification Kenyan Citizens - Passport, Driver's License, Employment ID, Foreign Nationals - Alien certificate, Driver's License, Employment ID

  • Two passport size color photographs 

  • Introduction letter from a referee who holds a bank account; or Employer; or Lawyer listed in CBA’s panel; or Area Chief; or Church / Mosque clergy; or Current Employment contract. 

  • Confirmation of residential address. Any of the following; Utility Bill; or Tenancy Agreement; or Letter from Employer; or Lawyer listed in CBA’s panel; or Area chief; or Church / Mosque clergy confirming residential address. 

  • Residential permit for Foreign Nationals Letter from Embassy or parent firm and Immigration file number (R. Number) for non residents 

  • Minimum deposit KShs.500,000 or USD 10,000 or GBP 10,000 or Euro 10,000

FEES:

  • Minimum deposit KShs.500,000 or USD 10,000 or GBP 10,000 or Euro 10,000

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