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Prime Bank Account Opening Requirements in Kenya

Prime Bank, established in 1992, is one of Kenya’s leading private banks, renowned for its personalized financial services. Whether you’re an individual, a business, or a non-governmental organization, Prime Bank offers a range of account options tailored to meet your financial needs. Here’s a detailed guide to the requirements for opening an account with Prime Bank in Kenya.


1. Individual Account

To open an individual account, applicants need the following:

  • Identification: Copy of a valid ID or passport for all applicants.
  • Photographs: Two recent coloured passport-size photos for each individual.
  • For Minors: A copy of the child’s birth certificate.
  • Work Permit: Applicable only for non-citizens.
  • Tax Identification: Copy of PIN certificate for all applicants.
  • Proof of Residence: Utility bill, telephone bill, lease agreement, or tax returns.
  • Additional Forms: Annexure A (required for accounts with more than one applicant).

2. Corporate Accounts

Corporate accounts cater to various business structures, including sole proprietorships, partnerships, limited companies, and NGOs. Below are the specific requirements for each:

(a) Sole Proprietorship

  • Identification: Copy of valid ID or passport of the proprietor.
  • Photograph: One recent coloured passport-size photo of the proprietor.
  • Business Documentation:
    • Copy of business name registration certificate.
    • Annexure B (Sole Proprietorship Declaration).
  • Tax Identification: PIN certificate of the firm and proprietor.
  • Proof of Residence: Utility bill, telephone bill, lease agreement, or tax returns.

(b) Partnership

  • Identification: Copies of valid ID or passports of all partners.
  • Photographs: One recent coloured passport-size photo of each partner.
  • Business Documentation:
    • Copy of business name registration certificate.
    • Annexure C (Partnership Declaration).
  • Tax Identification: PIN certificates of the firm and partners.
  • Proof of Residence: Utility bill for the firm.

(c) Limited Company

  • Identification: Copies of valid ID or passports of directors and signatories.
  • Photographs: One recent coloured passport-size photo of all signatories.
  • Business Documentation:
    • Copy of certificate of incorporation.
    • Copy of memorandum and articles of association.
    • List of current directors and shareholders, certified by the company secretary.
    • Annexure D (Board Resolutions).
  • Tax Identification: PIN certificates of the company and its directors/signatories.

(d) Trust/Club/Association/NGO

  • Identification: Copies of valid ID or passports of all signatories.
  • Photographs: One recent coloured passport-size photo of each signatory.
  • Registration Documentation:
    • Copy of the certificate of registration.
    • Copy of by-laws, trust deed, or constitution.
    • List of managing committee members provided by the secretary.
  • Additional Documentation:
    • Exemption certificate for income tax (if applicable).
    • Annexure E (Resolution of Trust/Club/Association/NGO).
    • Copy of trust of trustees or office bearers.

Prime Bank Contact Information

For inquiries, assistance, or further details about account opening, you can contact Prime Bank via:

  • Phone: +254 111 006 000 / +254 719 090 000

Conclusion

Opening an account with Prime Bank is a straightforward process, provided you have all the necessary documents. Whether you’re an individual looking for a personal account or a business entity in need of a corporate account, Prime Bank ensures personalized service and tailored solutions to meet your financial needs. Ensure you gather all required documents to facilitate a smooth registration process.

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