A business account gives you access to more security, flexibility, and several other benefits. A corporate account will enhance your business image and allow you to access multiple opportunities. 

If you want to secure a Business Account with KCB Bank, this article is for you. We’ll show you how to go about the account opening process, requirements, and benefits.

An Overview of KCB Bank

KCB Bank (Kenyan Community Bank) has a consistent history of delivering financial services to Kenyans and East African enterprises. Since the bank’s inception well over 130 years ago, they’ve been committed to assisting its clients and the local communities to prosper.

The nationally accepted bank has a vast customer base due to its exceptional client service. The company has also developed several unique banking services and products while retaining a neighborhood community bank atmosphere.

KCB has its headquarters in Kearney, Missouri, and full-service branches in Bonner Springs, Gladstone, and Liberty. The bank also has a loan procurement office in Lee’s Summit. KCB bank is an FDIC-approved Equal Housing Lender.

What is a KCB Business Account?

Small SME startups and large corporations require business-class accounts to manage and monitor their company’s finances. Some States require that certain business categories operate business accounts mandatorily.

A business account helps you audit your finances easily and allows you to manage and receive revenue across multiple platforms and currency denominations. It simplifies the hassle of managing a business account and helps you access loans, grants, overdrafts and other business-class benefits.

KCB’s Business Account has several extensive features to enhance your user experience while offering quality service.

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Benefits of Opening a KCB Business Account

Transferring your company’s finances to a designated business account offers several benefits. Here are some of the top advantages:

Easy Access

Operating separate accounts for your personal and business finances enables you to manage your funds better. It makes it easy to access either of them and keep records of your transactions.

Easy Auditing

A current account offers more flexible auditing options for your business. You can pay taxes and other financial obligations more effortlessly.

Flexible Account Operation Requirements

KCB Bank offers its customers minimal operational requirements, such as “no minimum balance.” This means there is no limit to what you can have as a minimum balance on your KCB Business Account.

No Maximum Balance

KCB Bank sets no maximum balance barriers for its business-class customers. This way, your company is not limited in any way.

Smarter, Faster Transactions

Owning a KCB Business Account enables you to make faster, smarter B2B transactions with other companies. They no longer wait long hours or pass tedious procedures to make or receive payments from other businesses.

Business Overdraft Loans

As a KCB Business Account holder, you have the leverage to benefit from business overdrafts, grants, and loan opportunities.

Free Statement of Accounts

KCB Bank offers business-class customers a complimentary statement of account monthly, on request, and at regular intervals.

No Opening Balance

There are no mandatory opening balance constraints.

What Are the Requirements for Opening a KCB Business Account?

You may be required to visit the nearest KCB Bank branch in person before completing your Business Account opening process. You may be allowed to complete your account opening processes online depending on your business type and account needs.

 To open a Business Account with KCB Bank, you’ll need the following:

• Certificate of Registration
• Certificate of Incorporation
• Copy of Partnership deed
• Article of Association
• Copy of PIN Certificate (directors and board members)
• Board Resolution or Minute regarding the account opening
• Valid means of identification such as National ID (directors and board members)
• Copy of national/international Passport (directors and board members)
• Valid color passport photograph of each account signatory
• Valid color passport of a director or board member
• Company Search Fee (Ksh. 1,000)

As a rule, you are advised to contact your banking provider for the full details of your business account opening. This way, you can determine whether the bank may require any other document for your account opening. The bank reserves the right to change these obligations as it sees fit.  

Frequently Asked Questions

Who can open a KCB Business Account?

Small and Medium Business Enterprises can open this account if they have daily banking needs.

What is the minimum operating balance?

KCB’s current accounts have no minimum operating balance.

What is the charge for chequebook withdrawals?

There are no additional charges.

Can I open a Business Account with foreign currency?

Yes. USD, EURO, and GBP are among the foreign currencies you may be allowed to open a business account with within KCB bank.