Requirements To Open A Standard Chartered Bank Account In Kenya

This article focuses on the requirements to open a Standard Chartered Bank account in Kenya. Standard Chartered is one of the best banks in Kenya. It offers a variety of local and foreign currency banking solutions to meet clients’ transactional, borrowing and investment needs. The bank has a total of 36 branches spread across the country, 108 ATMs and more than 1,600 employees.

Requirements To Open A Standard Chartered Bank Account In Kenya

(a). Current Accounts

1. Hifadhi Current Account

This is an account where you pay for the transactions you do at really affordable rates ensuring that you secure all opportunities coming your way.

Features

  • Available in KES, USD, GBP or EUR currencies.
  • Free e-statement.
  • Free digital banking.
  • Easy access.
  • Online banking and mobile app.
  • No monthly maintenance fee.

Eligibility

  • You should be a Kenyan citizen/ resident, with a minimum age of 18 years.

Documents Required

  • Mandatory supporting documents for Kenyan citizens and non Kenyan residents.
  • Original/ copy of National ID or valid passport.
  • SC mobile: selfie/portrait in branch, one passport size photograph.
  • If you are from US, upload W-8 BEN/ W-9 BEN form.
  • If you are a US green card holder, upload W-9 BEN form.

2. All In One Current Account

The account is designed to meet all your banking needs at a flat monthly rate.

Features

  • Monthly account maintenance fee of Kshs 1,000.
  • 24/7 ATM withdrawal anywhere in the world.
  • Free cheque book.
  • Free e-statement.
  • Online banking and mobile app.
  • Free debit card.

Eligibility

  • Kenyan citizen/ resident.
  • Minimum age of 18 years.

Documents Required

  • Mandatory supporting documents for Kenyan citizens and non Kenyan residents.
  • Original/ copy of National ID or valid passport.
  • SC mobile: selfie/ portrait in branch, one passport size photograph.
  • If you are from US, upload W-8 BEN/ W-9 BEN form.
  • If you are a US green card holder, upload W-9 BEN.

3. SC DigiSmart Current Account

This is a digital account designed to give you the convenience and ease of transacting digitally at an affordable monthly fee.

Features

  • Free debit card.
  • Zero salary processing fee.
  • Free digital banking.
  • Minimum opening balance of Kshs 2,000.
  • Monthly account maintenance fee of Kshs 299.
  • Free monthly e-statements.

Eligibility

  • Kenyan citizen/ resident.
  • Minimum age of 18 years.

Documents Required

  • Original National ID or valid passport.
  • SC mobile: selfie/ portrait in branch, one passport size photograph.
  • If you are from US, upload W-8 BEN/ W-9 BEN form.
  • If you are a US green card holder, upload W-9 BEN form.

4. Ordinary Current Account

It is a simple easy to use account that gives you the peace of mind that you are in control.

Features

  • 24/7 access to your funds.
  • Ease of bill payments.
  • Free e-statement.
  • Free digital banking.
  • Multiple currencies.
  • Minimum opening balance of Kshs 2000.

Eligibility

  • Be a Kenyan citizen/ resident.
  • Minimum age of 18 years.

Documents Required

  • Original/ copy of National ID or valid passport.
  • SC mobile: selfie/portrait.
  • One passport size photograph.
  • If you are from US, upload W-8 BEN / W-9 BEN form.
  • If you are a US green card holder, upload W-9 BEN form.

5. Diva Current Account

It is an account uniquely designed for women, that gives you the convenience and ease of managing all your financial transactions for just one monthly fee.

Features

  • Minimum opening balance of Kshs 2000.
  • Monthly account maintenance fee of Kshs 1000.
  • Free digital banking.
  • Free cheque book and e-statement.
  • Free debit card.

Eligibility

  • Be a Kenyan citizen/resident.
  • Minimum age of 18 years.

Documents Required

  • Original/ copy of national ID or valid passport.
  • SC mobile: selfie/portrait and one passport size photograph.
  • If you are from US, upload W-8 BEN/ W-9 BEN form.
  • If you are a US green card holder, upload W-9 BEN form.

(b).  Savings Account

1. Safari Savings Account

It is a savings account with one of the best bank interest rates in Kenya that lets your hard-earned money work for you.

Features

  • Minimum opening balance of Kshs 2,000.
  • Free withdrawals once a month.
  • Free e-statements.
  • Quarterly interest.
  • Online banking and mobile app.

Eligibility

  • Be a Kenyan citizen/resident.
  • Minimum age of 18 years.

Documents Required

  • Original/ copy of National ID or valid passport.
  • SC mobile: portrait/selfie and one passport size photograph.
  • If you are from US, upload W-8 BEN/W-9 BEN form.
  • If you are a US green card holder, upload W-9 BEN.

2. Safari Junior Account

This is a savings account meant exclusively for your junior.

Features

  • Savings account from as little as Kshs 2,000.
  • Free withdrawals once a month.
  • Free quarterly e-statements.
  • Quarterly interest.

Eligibility

  • Be a Kenyan citizen/ resident.
  • Provide the child’s birth certificate.

Documents Required

  • Original/ copy of National ID or valid passport of parent or legal guardian opening account on behalf of the minor.
  • Copy/original birth certificate of minor.
  • One passport size photograph.
  • If you are from US, upload W-8 BEN/ W-9 BEN form.
  • If you are a US green card holder, upload W-9 BEN.

Standard Chartered Bank Contacts

  • 020 329 3900
  • 0703 093 900

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