Absa Bank Kenya offers various banking solutions tailored to meet the needs of individuals, businesses, and corporates. Here is a breakdown of account types, their features, and the requirements for opening them.
A. Current Accounts
1. Absa One Current Account
- Benefits:
- Instant debit card issuance.
- Access to digital banking channels.
- Cashback rewards and competitive insurance options.
- No monthly fees or minimum balance required.
- Requirements:
- KRA PIN.
- National ID or passport (non-Kenyans).
- 1 passport photo.
- Signature specimen (for online applications).
2. Prestige Banking Account
- Benefits:
- Waiver of maintenance fees for balances above Kshs 3,500,000.
- Cashback rewards for debit and credit card usage.
- Access to a foreign currency account and exclusive Prestige Centres.
- Dedicated relationship officers.
- Requirements:
- Same as Absa One Current Account.
3. Ultimate Account
- Benefits:
- Cashback rewards for account balances and card usage.
- Free mobile and internet banking.
- Access to loans, insurance, and mortgages.
- Job loss insurance covering 9 months of loan repayments.
- Requirements:
- KRA PIN.
- National ID or passport (non-Kenyans).
- 1 passport photo.
- Signature specimen (for online applications).
4. Ignite Account (Student Account)
- Benefits:
- No maintenance fees.
- Access to Absa Ready to Work Programme.
- Free Zidisha Savings Account.
- Requirements:
- KRA PIN.
- National ID or passport (non-Kenyans).
- Valid student ID or admission letter.
- 1 passport photo.
5. Foreign Currency Current Account
- Benefits:
- Available in USD, GBP, and EUR.
- Negotiated exchange rates.
- Unsecured loans and mortgages in foreign currencies.
- Requirements:
- KRA PIN.
- National ID or passport (non-Kenyans).
- Work/business permit (non-Kenyans without KRA PIN).
- 1 passport photo.
- Monthly fee of USD 7.30.
6. Premier Account
- Benefits:
- Dedicated financial consultant.
- Free foreign currency accounts and exclusive platinum debit card.
- VIP banking services at a flat fee of Kshs 3,100/month.
- Requirements:
- Minimum salary of Kshs 300,000 or balance of Kshs 7 million.
- KRA PIN.
- National ID or passport (non-Kenyans).
- 1 passport photo.
B. Savings Accounts
1. Absa Digital Savings Account
- Benefits:
- Competitive interest rates with bonus rewards for low transactions.
- No minimum balance or charges.
- Quarterly interest.
- Requirements:
- KRA PIN.
- National ID or passport (non-Kenyans).
- 1 passport photo.
2. Foreign Currency Savings Account
- Benefits:
- Available in USD and GBP.
- Competitive interest rates for balances above USD/GBP 5,000.
- No charges or minimum balance required.
- Requirements:
- KRA PIN.
- National ID or passport (non-Kenyans).
- Work/business permit (non-Kenyans without KRA PIN).
- 1 passport photo.
3. Target Save Account
- Benefits:
- Long-term savings up to 10 years.
- Competitive interest rates and insurance cover for death/disability.
- Free standing order.
- Requirements:
- KRA PIN.
- National ID or passport (non-Kenyans).
- 1 passport photo.
4. Junior Savings Account
- Benefits:
- Competitive interest rates starting from 7% per annum.
- No charges and free piggy bank for children.
- Access to exclusive educational activities and policies.
- Requirements:
- Child’s birth certificate or adoption papers.
- Parent’s national ID or passport (non-Kenyans).
- KRA PIN.
5. Fixed Deposit Savings Account
- Benefits:
- Minimum opening balance of Kshs 50,000.
- Flexible interest payment options (monthly to annually).
- No account charges.
- Requirements:
- National ID or passport (non-Kenyans).
- KRA PIN or work permit (non-Kenyans without KRA PIN).
6. Twin Reward Account
- Benefits:
- Rewards for average balances and POS transactions.
- Withdraw funds without losing interest.
- No minimum balance or monthly fees.
- Requirements:
- National ID or passport (non-Kenyans).
- KRA PIN or work permit (non-Kenyans without KRA PIN).
Absa Kenya Contacts
- Phone: +254 (732) 130120, +254 (722) 130120, (020) 3900000.
- Email: [email protected].
