Whistleblowing

Business Current Account

A cheque-operated current account for institutions and state corporations with high transaction volumes and supplier payment needs.

Key Features

  •   Cheque book facility
  •     Access to overdraft and working capital lines
  •     Full digital banking access via Equity Online for Business
  •     Standing orders and bulk payments

Benefits

  • Flexible payments to suppliers and contractors
  • Access to credit linked to account performance

Requirements

  • KYC documentation – certificate of registration/incorporation or establishing Act/Gazette notice, KRA PIN, and IDs/KRA PINs of signatories
  • Board/Council resolution authorizing the account or facility and appointing signatories
    Specimen signatures of signatories
  • Charges

    • Account opening balance: Nil
    • Minimum operating balance: Nil
    • Inter-branch cash withdrawal: KES 100
    • Counter cash withdrawal: KES 100
    • Cheque book: KES 17.50 per leaf (incl. stamp duty)
    •  Stop cheque instruction: KES 1,500
  • Potential Risks

    • Unpaid cheque charges where funds are insufficient
    • Cheque fraud where cheque books are not secured
  • Business Current Account

We would like to call you back regarding this product.


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