Banking solutions in Kenya
The Companies Act, the Banking Act, the Central Bank of Kenya Act, and the many prudential recommendations issued by the Central Bank of Kenya govern the banking business in Kenya (CBK). In 1995, the banking system was liberalized, and exchange controls were removed.
The CBK, which reports to the Minister of Finance, is in charge of devising and implementing monetary policy as well as ensuring the financial system’s liquidity, solvency, and appropriate functioning.
Our services cover banking advisory solutions and we help individuals and businesses solve banking related problems.
Open bank account in Kenya
We’ve assisted our clients in designing and implementing solutions in response to new digital business models, increased competition, and changing legislation. Our banking consulting teams are experts in a variety of fields, including mergers and acquisitions, information technology, organizational efficiency, and a variety of other solutions in Kenya.
Types of bank account
A business bank account is an essential part of running a company in Kenya. Keeping your personal and company expenses separate is the most successful technique. It usually makes tax season easier as a secondary benefit.
Personal bank account
Experts open a personal bank account for your private deals and transactions in Kenya by preparing and submitting all the required documents to the bank.
Corporate bank account
We have a lot of expertise and knowledge in the field of corporate services provider consulting. To deliver the greatest services to all of our clients, we’ve been creating and expanding relationships with clients and partners all over the world.
Trading bank account
Clients can open an account with any bank they like or with one of our suggested banks, which are all members of the world’s largest international branch network and internet banking service, depending on their preferences.
Requirements
Kenyan banks require different types of documents according to the bank and the account type, so it’s best to double-check before your meeting. Usually banks of Kenya ask for:
- An application form that has been filled out completely,
- A passport or other kind of identification, such as a national identity card, is required,
- A Kenyan residency card,
- Proof of your Kenyan residence (such as a utility bill or rental agreement),
- A passport-sized photograph of oneself is required on occasion,
- As a character reference, a reference or recommendation from an employer is required.
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