Equity Bank accounts

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ACCOUNT NAME: 

Equity Ordinary Account

ACCOUNT TYPE: 

Transactional  Account

BENEFITS:

  • No ledger fees, maintenance fees, monthly charges or minimum operating balance.

  • No cash deposit or cheque handling charges.

QUALIFICATIONS

  • Original and copy of national ID.

FEES

  • No minimum operating balance.


ACCOUNT NAME: 

Current Account 

ACCOUNT TYPE: 

Transactional account

BENEFITS:

  • No ledger fees or monthly charges

  • No cash deposit or cheque handling charges

  • No limit on the frequency and amount of withdrawals

  • Equity Mastercard or Equity Visa Card issued on application

  • Account can be operated in either KES, USD, EURO or GBP

QUALIFICATIONS:

  • Original National Identity Card/Passport of all registered partners in case of a partnership

  • A photocopy of the original identity card or Passport

  • Original and two copies of the business registration certificate

  • Mandate to open an account signed by all partners as per the business registration certificate in case of partnership

  • PIN certificate and VAT certificate (original and one copy of each)

  • An introducer

FEES

  • Minimum opening balance of Kshs. 5,000 

  • No minimum operating balance

  • Free monthly statement and internal standing order

  • Cheque book at Kshs.17.50 per leaf

  • Overdraft facility available


ACCOUNT NAME: 

Eazzy save

ACCOUNT TYPE: 

Savings Account

BENEFITS:

  • Easy to open

  • Affordable

  • No account maintenance balance or monthly charges

  • Convenient

  • One can access the account through our branches countrywide, agents and Mobile banking (Equitel and Eazzy Banking App)

  • Free E-statement

QUALIFICATIONS

  • Any person above 18 years old

  • Account to be opened by individual person / joint persons.

  • Original and copy of National ID

FEES

  • No account opening and minimum operating balance.

  • No Ledger fee.

  • One free withdrawal in a month.

  • Free internal standing orders

  • Competitive Interest paid annually for savings above kshs 20,000


ACCOUNT NAME: 

Jijenge Account

ACCOUNT TYPE: 

Savings Account

BENEFITS:

  • Easy to open and affordable

  • No ledger fees

  • Free standing order

  • Convenient: one can access the account through our branches countrywide.

  • Flexible: Determine your saving period from six months onwards.

  • It encourages disciplined savings that can allow saving of small fixed amounts to build a lump sum.

  • Access to instant emergency loans of up to 90% of savings at lower rates.

QUALIFICATIONS

  • Original and copy of National ID.

FEES

  • Account opening balance of Kshs 300.

  • Minimum monthly contribution of Kshs. 300 per month.

  • No partial withdrawal.  Minimum operating lock period of six months


ACCOUNT NAME: 

Junior Member Account

ACCOUNT TYPE:

Savings account

BENEFITS

  • Easy to open and affordable

  • Affordable: No account maintenance balance or monthly charges.

  • Convenient: One can access the account through our branches countrywide.

  • Free home bank and e-birthday card.

  • Free financial education booklet.

  • Free financial education during Junior Member open days.

QUALIFICATIONS

  • Parent’s original and copy of National ID.

  • Original and photocopy of child’s birth certificate.

FEES

  • Account operating and opening balance of Ksh 200.

  • Free internal standing orders.

  • Two free withdrawals in a year.

  • On request, customers will be issued with an identification card.


ACCOUNT NAME:

Teen Member

ACCOUNT TYPE:

Savings Account

BENEFITS:

  • Affordable: low account opening balance, no account maintenance fees.

  • Free financial educational booklet.

  • Free financial education every quarter.

  • A channel for enhancing financial literacy.

  • Free entry to Teen Member open days.

QUALIFICATIONS:

  • Original and copy of Parent’s/Guardian’s National ID/Passport.

  • Original and copy of teen’s birth certificate.

  • Account opened in the teen’s name.

  • Account opening/Operating balance of Ksh 200.

FEES:

  • Account opened in the teen’s name.

  • Account opening/Operating balance of Ksh 200.

  • Two free withdrawals in a year, additional withdrawal charged at Ksh 200.


ACCOUNT NAME: 

Achievers Student Account

ACCOUNT TYPE: 

Savings Account

BENEFITS : 

  • Affordable. No account maintenance balance or monthly charges

  • Free incoming funds transfer

  • Convenient. One can access the account through our branches countrywide, agents, ATM network and mobile banking (Eazzy 247)

  • Free financial education booklet

  • No limitation on the withdrawal amount

  • Account transferred into Equity Ordinary Account when the holder turns 25 years

QUALIFICATIONS:

  • Original student ID/Letter of admission

  • National ID card and photocopy

  • Passport for non-Kenyan students

FEES:

  • No ledger fees

  • Free HELB processing

  • No opening balance

  • No account maintaining balance

  • Discounted Visa debit/ MasterCard card


ACCOUNT NAME: 

School fees account

ACCOUNT TYPE: 

Savings Account

BENEFITS: 

  • Easy to open.

  • Affordable: No account maintenance balance or monthly charges.

  • Convenient: One can access the account through our branches countrywide, agents, ATM networks and mobile banking (Eazzy 247).

  • It encourages disciplined savings towards school fees.

QUALIFICATIONS:

  • The account is opened under the parent’s name.

  • Original and copy of National ID.

  • One can open the account for one or many children.

  • Individuals saving for school fees are also eligible to open this account.

FEES:

  • Account operating and opening balance of Ksh 100.

  • Four free withdrawals in a year.

  • Free internal standing orders.

  • 3 free bankers cheques in a year for school fees payment.


ACCOUNT NAME: 

Call & Fixed deposit account

ACCOUNT TYPE: 

Savings account

BENEFITS:

  • Premature withdrawal of deposits allowed

  • Allows immediate borrowing of up to 80%

  • Competitive interest rates

QUALIFICATIONS:

  • Original and photocopy of the National Identity Card or Passport

FEES

  • Minimum fixing amount Kshs.20,000

  • Minimum period of one (1) month

  • Negotiable interest rate

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