Below is a list of accounts to open at Sidian Bank, how to register your account ad charges for each account.
Nawiri Account
The Nawiri Account is a pay as you go account best suited for individuals and sole proprietors who are trading either as themselves or using a business name.
Target Market
- Individuals, Sole Proprietors, Joint Account Holders
Features
- One free monthly e-statement
- Available in KES, USD, GBP and EURO
- Free inward RTGS
Terms
- Nil opening balance
- Nil minimum balance
- Nil ledger fees
- Free deposits
Fees & Charges
- Over the counter (OTC) withdrawal fee of KES.100.00
- Inward EFT KES.100.00
- Outward cheque deposits at KES. 25.00 per cheque
Banking Channels
- Withdrawal at all Sidian Bank branches
- SidianVIBE (Mobile Banking)
- Online Banking
- Direct deposit to account via PayBill number 111999
- Aggregated PayBill and Till Number
- Sidian Visa Debit/Credit Card
Premium Savings Account
Set yourself a target and achieve it with the Premium Savings Account.
Target Market
- Individuals
- Joint Account Holders
Key Features & Benefits
- One free monthly e-statement
- Free inward RTGS
- Competitive interest rates
- No ledger fees
- Available in KES, USD, GBP and EURO
Terms
- Opening balance KES. 10,000.00, USD. 100.00 (FX equivalent of USD. 100.00)
- Minimum balance of KES. 10,000.00
- One over the counter withdrawal per quarter
- Not eligible for: cheque book, Sidian Visa Debit/Credit Card, SidianVIBE (Mobile Banking)
Fees & Charges
- One over the counter withdrawal per quarter charged at current tariff (KES.100.00)
- Additional withdrawals will incur a charge of KES.200.00 per withdrawal
- Inward EFT KES.100.00
Banking Channels
- Direct deposit to account via PayBill number 111999
Msingi Savings Account
Save for your child’s future with the Msingi Savings Account.
Target Market
- Children (Account Operated By Parent)
Key Features & Benefits
- 1 free bankers’ cheque per quarter
- One free monthly e-statement
- Free inward RTGS
- Competitive Interest Rates
- No ledger fee
Terms
- Opening balance KES. 5,000.00, USD. 100.00 (FX Equivalent of USD.100.00)
- Minimum Balance KES. 5,000.00
Fees & Charges
Banking Channels
- Direct deposit to account via PayBill number 111999
Mshahara Account
A transactional account designed for salaried individuals with a flexible pay as you go structure.
Target Market
- Individuals
- Joint Account Holders
Key Features & Benefits
- One free monthly e-statement
- Available in KES, USD, GBP and EURO
- Free inward RTGS
- Free deposits
Terms
- Nil opening balance
- Nil minimum balance
- Nil ledger fees
Fees & Charges
- Salary processing fee KES.100.00
- Over the counter (OTC) withdrawal fee KES. 100.00
- Inward EFT KES.100.00
Banking Channels
- Withdrawal at all Sidian Bank branches
- SidianVIBE (Mobile Banking)
- Online Banking
- Direct deposit to account via Pay Bill number 111999
- ATMs
- Cheque book
- Sidian Visa Debit/Credit Card
Flexxy Account
Bundled account best suited for individuals and/or salaried individuals with frequent transactions, catered for by a one-off monthly fee.
Target Market
Key Features & Benefits
- One free monthly e-statement
- Dedicated relationship manager
- Available in KES, USD, GBP and EURO
- Free ATM withdrawals (at Sidian Bank ATMs)
- Free inward RTGS/EFT
Terms
- Opening balance KES. 10,000.00, USD. 200.00 (FX equivalent of USD. 200.00)
Fees & Charges
- Fixed monthly charge of KES. 750.00
- Free deposits
Banking Channels
- Withdrawal at all Sidian Bank branches
- SidianVIBE (Mobile Banking)
- Online Banking
- Direct deposit to account via PayBill number 111999
- Sidian Visa Debit/Credit Card
Charges
- M-PESA Retail – As per the M-PESA tariff guide
- M-PESA Super Agency – KES. 50.00 Amounts greater than KES. 100,000.00 – 0.1% of the value transacted
- Country tariffs apply
Business Account
Best suited for limited companies, SMEs, corporates and sole proprietors.
Target Market: Partnerships, Sole proprietors and Corporate entities, SMEs
Key Features & Benefits
- One free monthly e-statement
- Free access to online banking platform
- Salary processing platform (charges negotiable)
- Dedicated Relationship Manager
- This product is available in KES, USD, GBP and EURO
Terms
- No minimum balance
- No limit to number of withdrawals and deposits per day
- Free inward RTGS
Banking Channels
- Online banking
- Aggregated PayBill and Till Number
- Withdrawal at all Sidian Bank branches
- Direct deposit to account via Pay Bill number 111999
- Sidian Visa Debit/Credit Card (Depending on Account Mandate)
Fees & Charges
- Opening balance of KES. 2,000.00, USD. 200.00 (FX equivalent of USD. 200.00)
- Ledger fee of KES. 300.00 (USD. 5.00) for the first 15 transactions and KES. 20.00 for each extra transaction.
Ungana Account
Ideal for investment groups, chamas or savings group with a common agenda to accumulate savings for investments.
Target Market: Investment Groups, Chamas or Savings Groups.
Key Features & Benefits
- One free monthly e-statement
- Group training (Investment related training offered by the bank)
- Available in KES, USD, GBP and EURO
- Free inward RTGS
- Cheque book
- Free deposits
Terms
- Minimum balance of KES. 2,000.00 (FX equivalent USD. 200.00)
- Opening balance of KES. 2,000.00 (FX equivalent USD. 200.00)
- No Ledger Fees
Banking Channels
- Withdrawal at all Sidian Bank branches
- Online Banking
- Direct deposit to account via Pay Bill number 111999
Signature Account
An interest earning current account best suited for businesses.
Target Market: Institutions, Sole proprietors and Corporate entities, SMEs
Key Features & Benefits
- Premium financing
- Competitive interest rates
- Free deposits
- Unlimited Withdrawals
- No bank charges if the account has average account balance above KES. 500,000.00
Terms
- No limit to number of withdrawals and deposits per day
- Free inward RTGS
Banking Channels
- Online banking
- Aggregated PayBill and Till Number
- Withdrawal at all Sidian Bank branches
- Direct deposit to account via Pay Bill number 111999
- Sidian Visa Debit/Credit Card (Depending on Account Mandate)
Project Account
A current account for project management committees, Government Entities, Institutions and NGOs.
Target Market: NGOs, Government Institutions and any other institution.
Key Features & Benefits
- One free monthly e-statement
- Free access to online banking platform
- Salary processing platform (charges negotiable)
- Dedicated relationship manager
- Available in KES, USD, GBP and EURO
- Free inward RTGS
- Inward EFT at KES.100.00
Fees & Charges
- Over the counter (OTC) withdrawal fee of KES. 100.00
Terms
- Nil opening balance
- Nil ledger fees
- No minimum balance
- No limit to number of withdrawals and deposits per day
- No cash handling for deposits
Banking Channels
- Online banking
- Aggregated PayBill and Till Number
- Withdrawal at all Sidian Bank branches
- Direct deposit to account via Pay Bill number 111999
- Cheque book
Business Account
Best suited for limited companies, SMEs, corporates and sole proprietors.
Target Market: Partnerships, Sole proprietors and Corporate entities, SMEs
Key Features & Benefits
- One free monthly e-statement
- Free access to online banking platform
- Salary processing platform (charges negotiable)
- Dedicated Relationship Manager
- This product is available in KES, USD, GBP and EURO
Terms
- No minimum balance
- No limit to number of withdrawals and deposits per day
- Free inward RTGS
Banking Channels
- Online banking
- Aggregated PayBill and Till Number
- Withdrawal at all Sidian Bank branches
- Direct deposit to account via Pay Bill number 111999
- Sidian Visa Debit/Credit Card (Depending on Account Mandate)
Fees & Charges
- Opening balance of KES. 2,000.00, USD. 200.00 (FX equivalent of USD. 200.00)
- Ledger fee of KES. 300.00 (USD. 5.00) for the first 15 transactions and KES. 20.00 for each extra transaction.
Ungana Account
Ideal for investment groups, chamas or savings group with a common agenda to accumulate savings for investments.
Target Market: Investment Groups, Chamas or Savings Groups.
Key Features & Benefits
- One free monthly e-statement
- Group training (Investment related training offered by the bank)
- Available in KES, USD, GBP and EURO
- Free inward RTGS
- Cheque book
- Free deposits
Terms
- Minimum balance of KES. 2,000.00 (FX equivalent USD. 200.00)
- Opening balance of KES. 2,000.00 (FX equivalent USD. 200.00)
- No Ledger Fees
Banking Channels
- Withdrawal at all Sidian Bank branches
- Online Banking
- Direct deposit to account via Pay Bill number 111999
Signature Account
An interest earning current account best suited for businesses.
Target Market: Institutions, Sole proprietors and Corporate entities, SMEs
Key Features & Benefits
- Premium financing
- Competitive interest rates
- Free deposits
- Unlimited Withdrawals
- No bank charges if the account has average account balance above KES. 500,000.00
Terms
- No limit to number of withdrawals and deposits per day
- Free inward RTGS
Banking Channels
- Online banking
- Aggregated PayBill and Till Number
- Withdrawal at all Sidian Bank branches
- Direct deposit to account via Pay Bill number 111999
- Sidian Visa Debit/Credit Card (Depending on Account Mandate)
Project Account
A current account for project management committees, Government Entities, Institutions and NGOs.
Target Market: NGOs, Government Institutions and any other institution.
Key Features & Benefits
- One free monthly e-statement
- Free access to online banking platform
- Salary processing platform (charges negotiable)
- Dedicated relationship manager
- Available in KES, USD, GBP and EURO
- Free inward RTGS
- Inward EFT at KES.100.00
Fees & Charges
- Over the counter (OTC) withdrawal fee of KES. 100.00
Terms
- Nil opening balance
- Nil ledger fees
- No minimum balance
- No limit to number of withdrawals and deposits per day
- No cash handling for deposits
Banking Channels
- Online banking
- Aggregated PayBill and Till Number
- Withdrawal at all Sidian Bank branches
- Direct deposit to account via Pay Bill number 111999
- Cheque book
What are the requirements of opening a personal account?
- Original Identity card or Passport.
- KRA Pin
- One Passport size photo
What are the requirements of opening a business account?
a) Limited Liability Company (Locally Incorporated & Resident in Kenya) – Incorporated under old companies act (Cap 486)
- Certificate of Incorporation
- Memorandum of Association
- Company PIN Certificate/ Tax Exemption Certificate as issued by the Kenya Revenue Authority
- List of Directors and Shareholders
- Annual Returns
- Board of Directors Resolution to open an account signatories & signing mandate
- Company & Directors KRA PIN
- Copy of National ID /Passport of Directors & Signatories
- Passport size colored photos for Director and account Signatories
- Proof of address
- Foreign nationals (resident in Kenya) – PIN Certificate/Entry Permit
- Foreign national (not resident in Kenya) – Declaration of non-residency status
- For US citizens/residents – completed W-9 tax form
b) Companies incorporated under the Companies Act, 2015
- Certificate of Incorporation /E-citizen certificate of Incorporation
- Form CR1
- Relevant CR Form i.e. Model Memorandum of Association
- All other documentation included 1 above
c) Sole-Proprietorship
- Business Name Permit
- Certificate of Registration /E-Citizen certificate of registration
- KRA PIN Certificate/Certificate of Exemption
- National ID/Passport
- One recent passport size photo
- Proof of address
- Initial Deposit
- Foreign nationals (resident in Kenya) – PIN Certificate/Entry Permit
- Foreign national (not resident in Kenya) – Declaration of non-residency status
- For US citizens/residents – completed W-9 tax form
d) Partnerships
- Certificate of Registration /E-Citizen certificate of registration
- Partnership deed/Letter
- KRA PIN Certificate/Certificate of Exemption
- National ID/Passport
- One recent passport size photo
- Mandate to open and operate account
- Proof of address
- Initial Deposit
- Foreign nationals (resident in Kenya) – PIN Certificate/Entry Permit
- Foreign national (not resident in Kenya) – Declaration of non-residency status
- For US citizens/residents – completed W-9 tax form
How to borrow a Sidian Bank Mobile loan (QLoan) on USSD?
- Dial *527#
- Select QLoan
- Select Request loan
- Enter the Amount you wish to borrow (must be within your loan limit)
- Select Source Account Number
- Enter your Sidian Bank mobile banking PIN
- Confirm the transaction and submit
- The loan will be deposited into your Sidian Bank Account
How to transfer money from M-PESA to a Sidian Bank account
- Go to your M-PESA menu
- Select Lipa na M-PESA
- Enter Paybill number 111999
- Enter the Sidian Bank account number you are transferring money to, enter the amount, and your M-PESA PIN and confirm to send money.
How do I load my Sidian Bank credit card?
- Go to M-PESA menu on your phone.
- Go to Lipa na M-PESA, Paybill option.
- Enter the banks business number (990832)
- Enter account number which is your card number.
- Enter amount.
- Enter M-PESA pin.
What is the maximum amount of money I can withdraw daily from the ATM?
- The maximum amount one can withdraw daily is Ksh 40,000 but this limit can be enhanced.
Is the Bank open on weekends?
- Yes, all branches are open on Saturday from 8.30am to 12:00pm.
- Majority of our branches open at 8:30am and close at 4:00pm on weekdays. However, there are branches that open for extended hours.
