CURRENT DEPOSIT ACCOUNT

No limit on deposits and withdrawals.

Product Features

  • Individual, Joint, Company, Societies, Club Association, Sole Proprietor, Partnership
  • Bearer or Order cheque book
  • Ks 125 per 25 pages cheque book with stamp duty
  • Ks 1000 initial deposit
  • Ks 1000 minimum balance

Required Documents

Individual / Joint

  • NRC copy
  • 2 referees
  • Form 1 for foreigners

Terms & Conditions

Withdrawal with Cheque

  • Withdrawal can be done by using a cheque. If there is any amendment on the cheque, the account holder has to sign to acknowledge the amendment. For personal current account, the account holder can withdraw any time by himself or herself. Co-sharing accounts with more than one account holder can withdraw with any one of the holders’ signatures.
  • For business current account, person who has the Power of Attorney approved by Board of Directors’ resolutions can withdraw.
  • No limitation on amount and number of withdrawals. Debit authority can be activated when there is not enough money in the current account. The current account can be connected with saving account and transfer the money internally.

Closing the Account

  • The current deposit account can easily be closed at the branch where the account was opened by the account holder.