Foreign Currency Accounts

Foreign Currency accounts are opened in all denominations i.e. US Dollar, British Pound Sterling, Euros and Kenya shillings. The account types include; current, savings and impersonal

Product features: 
  • Transactions in both foreign and local currencies.
  • Initial minimum deposit or opening balance of;
     

 

 

USD

GBP

EURO

KES

PERSONAL

100

60

60

13,000

PERSONAL

100

60

60

43,000

EXECUTIVE BANKING

1000

600

600

43,000

Ledger fees of;

  • USD 5 per month
  • GBP 5 per month
  • Euro 3 per month
  • KES 850 per month
  • Earns interest  of 0.25% per annum

 

Basic Requirements: 
  • Written application with operating instructions , stating the source of funding, currency and type of account
    2 passport size photographs.
  • Proper identification, Valid ID, Driving License, Passport, or Voters Card.
  • Reference from bank customer.
  • Initial deposit.
Benefits: 
  • Unrestricted cash and cheque deposits.
  • Flexibility of cash withdrawals both on local and foreign currencies.
  • Access to a variety of loan products.
  • Easy payments through cheques.
  • Interset on Savings and Current accounts
  • Unrestricted cash withdrawals within the minimum balance.
  • Minor and joint savings accounts are allowed.