Family Bank accounts

6 min read

ACCOUNT NAME:

Mwananchi Account

ACCOUNT TYPE:

Current Account

BENEFITS:

  • Access to various Loans facilities provided by the bank

  • Personal accident insurance benefit will be provided as an optional benefit of this account

  • It is affordable – No ledger fees

  • Unlimited access to funds

  • Free photo taken when opening the account

  • Bank statements available on request

  • An ATM card is available

  • Low opening and minimum account balance

  • Convenient banking, money  through Pesa Pap mobile banking

  • Get  notifications on account transactions through Pesa Pap!

QUALIFICATIONS:

  • Original National ID or a Valid Passport and photocopy

  • Any amount of cash to open the account

  • Have a free passport size photo taken at the branch

  • For Joint Accounts, the ID or a passport copy is required for each person to be included

FEES:

  • No ledger fees


ACCOUNT NAME:

Salary Account

ACCOUNT TYPE:

Current account

BENEFITS:

  • An ATM card is available

  • Salary based loans and advances available

  • No limits on withdrawal amounts

  • Access to standing order facilities

  • Access to auto loans

  • Free registration to Pesa Pap mobile banking

  • Free inward EFT clearing

  • Asset finance facility is available

  • Account can be opened with any amount of money

  • No minimum operating balance

  • No monthly charges on the account

  • Affordable salary processing fee

QUALIFICATIONS:

  • The customer(should fill the account application form available at the branch or on  the Family  Bank website

  • Identification documents: National ID or passport plus a copy

  • Any amount of money to open the account

  • A free customer identification photo will be taken at the branch

  • Introduction documents such as bank statements, introduction letter from another customer, a copy of utility bills in the customer's name

FEES:

  • No monthly charges on the account

  • Affordable salary processing fee


ACCOUNT NAME:

Personal Current Account

ACCOUNT TYPE:

Current Account

BENEFITS:

  • An ATM card is available

  • No notice is required to withdraw large amounts or when making frequent withdrawals

  • No minimum balance is required

  • One may deposit cash as well as clear cheques

  • Personal Accident Insurance Benefit available

  • The account can be used to secure various bank loans and facilities

  • Convenient banking through our Mobile banking service Pesa Pap!

  • Paperless banking i.e. no need to fill banking slips

  • Free photo taken when opening the account

  • Bank statements available on request

  • Personal Accident Benefit available

  • Access to loans and overdraft facilities

QUALIFICATIONS:

  • Original and photocopy of ID or Valid Passport

  • A coloured Passport size photo will be taken at the branch free of charge.

  • Minimum opening balance of Kshs 2,000/=

  • Adequate account introduction e.g. either, bank statements, utility bills, introduction by another customer or employer

FEES:

  • Minimum opening balance of Kshs 2,000/=


ACCOUNT NAME:

Tujenge Account

ACCOUNT TYPE:

Savings Account

BENEFITS:

  • This account can be opened with any amount of cash

  • The Interest earning balance is Kshs 20,000/= calculated annually on average monthly balances

  • Facilitates a savings plan through a cash, cheque, Standing order or check-off from the  employer

  • 4 free withdrawals per year

  • Absolutely no charges on this account!

  • Loans available up to 90% of the deposit amount

  • A free statement is available on request

  • Earn interest at the end of the year

  • Lower interest rate on loans secured by the deposit

QUALIFICATIONS:

  • Photocopy of the national ID or a valid passport

  • Any Amount of cash to open the account

  • A free passport size photo will be taken at the branch free of charge

FEES:

  • No monthly charges


ACCOUNT NAME:  

Call & Fixed Deposit Account

ACCOUNT TYPE:

Savings Account

BENEFITS:

  • Low minimum deposit amounts of KES. 30,000/-

  • Flexible terms of 1, 3, 6, 9 and 12 months

  • Fast access to loans of up to 90% of the deposit amount

  • Lower interest rate on loans secured by the deposit

  • Competitive interest rates offered

  • Interest portion is paid in case of premature withdrawal of deposit

  • Automatic roll-over upon maturity can be pre-arranged

QUALIFICATIONS:

  • Minimum amount ksh. 30,000

  • Account for those in need of liquid investment avenues.

  • Signed instructions from the customer.

FEES:

  • Minimum deposit of KES 30,000


ACCOUNT NAME:

Mdosi Junior Visionary Account

ACCOUNT TYPE:

Savings Account

BENEFITS:

  • Free standing order from your Family Bank account to Mdosi Junior account

  • Free Banker's Cheque for payment of the Child's school fees

  • Free photo of parent/guardian taken at the branch

  • No ledger fees charged

  • 3 Free withdrawals per year

  • Interest earning balance of only Kshs 5,000/=

  • Loans of up to 90% of the amount in the Mdosi Junior Account

QUALIFICATIONS:

  • Original and Copy of National ID or Valid Passport of the parent

  • Original and Copy of Birth Certificate, Birth Notification, Clinic Card, Baptism Card of the child

  • Opening balance of Kshs 200/= or Kshs 1,000 to for your child to start using Henry or Hannah Hippo Bank immediately

FEES:

  • Opening balance of KES 200 or 1000 or 1000 for the child to start using the account immediately


ACCOUNT NAME:

Extra Cool Visionary Account

ACCOUNT TYPE:

Savings Account

BENEFITS:

  • Easy access to your cash at all Family Bank, VISA branded ATMs, Kenswitch and Pesapoint branded ATMs countrywide

  • Free standing order from a Family Bank account to Extra Cool Visionary Account

  • Free Banker’s Cheque for payment of school or college fees per quarter

  • Youth financial literacy seminars to be conducted

  • An ATM card is available

  • Withdraw or make deposits into the account via Pesa Pap mobile banking

  • Low opening and minimum balance and no maintenance fees

  • Loans of up to 90% of the amount in the Extra Cool Visionary Account

QUALIFICATIONS:

  • Original ID and a photocopy

  • Free photo taken at the branch

  • Birth Certificate

  • Signed and stamped introduction letter

  • Minimum operating balance Ksh.100

FEES:

  • opening Balance ksh. 200


ACCOUNT NAME:

Maestro Visionary Account

ACCOUNT TYPE:

Current Account

BENEFITS:

  • It’s affordable: Account has low opening and minimum balance and no maintenance fees

  • It has cool freebies: Free cash deposits, free mobile banking registration, free photo on account opening

  • Loan Facilities: This account opens access to personal loans, mortgage and asset finance

  • Its fast and easy: You don’t have to fill deposit and withdrawals slips as some financial institutions

  • An ATM card is available

  • It is Safe: If lose your ATM card, you can deactivate or block it immediately via your mobile phone

  • It’s Convenient: You can deposit and withdraw money any time via various channels such as, over the counter,  ATM, Pesa Pap, internet banking and bank agents country

QUALIFICATIONS:

  • Original ID and a photocopy

  • Free photo taken at the branch

  • Signed and stamped introduction letter

  • Minimum operating balance Ksh.100

FEES:

  • opening Balance ksh. 200 and 300 for an ATM card


ACCOUNT NAME:

Scholar Visionary Account

ACCOUNT TYPE:

Current Account

BENEFITS:

  • No ledger fees

  • Low account opening balance

  • Deposit or withdraw cash via Pesa Pap

  • Wide Family Cashpoint, Kenswitch, VISA branded ATMs and Pesapoint ATMs

  • Free standing order from Family Bank account to Scholar Visionary Account

  • Get your HELB loans disbursed through this account

  • Free Bankers Cheque for fees payments

  • An ATM card is available

  • No account maintenance fees

  • Free photo is captured on account opening

  • Free bankers cheque for fees payments

  • Free cash deposits

  • Availability of a wide ATM network including Kenswitch, VISA branded ATMs and Pesapoint branded ATMs

  • All Family Bank branches are interlinked

  • Personal Accident Benefit is available

QUALIFICATIONS:

  • Original National ID or Valid Passport and a copy

  • Admission letter / College ID / Introduction letter

  • Opening & Minimum balance of 200/=

FEES:

  • No account maintenance fees

  • Opening balance of 200

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