Stanbic Bank offers a variety of accounts tailored for personal, business, savings, and investment needs. Below is a detailed breakdown of the account options, their features, benefits, and requirements.
A. Personal Transactional Accounts
1. Private Banking Current Account
- Features:
- Dedicated relationship managers and tellers.
- Visa debit card and Gold credit card.
- Free life insurance cover up to Kshs 1,000,000.
- Access to personal loans, home loans, and asset financing.
- Offshore banking services.
- Requirements:
- Copy of National ID.
- Proof of residence (utility bill or lease agreement).
- KRA PIN.
- 3 months bank statement or a recent payslip.
2. Smart Direct Account
- Features:
- Minimum operating balance: Kshs 1,000.
- Free monthly e-statements.
- Loan facilities, including salary advances.
- Requirements:
- Copy of National ID.
- Proof of residence.
- KRA PIN.
- One month’s bank statement or a recent payslip.
3. Executive Banking Account
- Features:
- Monthly bundle fee: Kshs 990.
- Life cover of 6 months’ gross income (up to Kshs 1.8M).
- Funeral cover: Kshs 100,000.
- Free salary credit and cash advances.
- Requirements:
- Same as the Private Banking Current Account.
- Eligible to individuals aged 18 years and above.
B. Business Bank Accounts
1. Business Current Account
- Features:
- Operates in KES and major foreign currencies.
- Access to loans, trade finance, and business online platform.
- Requirements:
- Copy of certificate of incorporation.
- KRA PIN.
- Memorandum and Articles of Association.
- CR12 form and latest annual return.
- Copies of directors’ IDs, photos, and proof of residence.
- Board resolution to open the account.
2. Pamoja Trader Business Account
- Features:
- Pay-as-you-go charges.
- No minimum balance.
- Access to loans, internet banking, and ATMs.
- Requirements:
- Same as the Business Current Account.
C. Savings and Investment Accounts
1. Call Deposit Account
- Features:
- Minimum deposit: Kshs 20,000.
- No service fees.
- Attractive interest rates pegged to market rates.
- Requirements:
- Copy of ID.
- Passport photo.
- Proof of residence.
- KRA PIN.
2. PureSave Account
- Features:
- Attractive interest rates for balances above Kshs 5,000.
- One free cash withdrawal per month.
- Personal loans up to 80% of savings.
- Requirements:
- Same as the Call Deposit Account.
3. Fixed Deposit Account
- Features:
- Minimum deposit: Kshs 20,000.
- Fixed interest rate during the investment period.
- Funds available upon maturity.
- Requirements:
- Same as the Call Deposit Account.
Stanbic Bank Contacts
- Local: 0800 720 044
- International: 020 326 8888
- Email: [email protected]
