Would you like to have a business account with KCB bank? Well, in this article, I’ll share with you how to open a KCB business account, its benefits, and the requirements.
With KCB bank, you can easily transact your money; whether you do business online, you can use online banking or mobile banking.
Besides, there are KCB bank branches to all 47 counties in the county and other countries in Tanzania, Uganda, South Sudan, Burundi, and Rwanda.
You can also withdraw, deposit, or make payment through the KCB Mtaani-and Agency banking platform from KCB Bank.
Not to forget, there are also KCB ATMs across the country.
The point is you can open a KCB business account with KCB bank and access your account anytime you would like to carry out the business transactions.
What Is A KCB Business Account?
A business bank account is one of the requirements when starting a business. The account is meant to hold the business finances.
From the account, you get the money to operate the business for easy auditing in the business finances.
You can open a KCB business account to put all your business finances in Kenyan shillings or major foreign currencies.
This type of account is also best for government and private institutions.
You can easily monitor your business money and manage your day-to-day business operations.
Besides, after opening the account, you can borrow seamlessly.
The KCB business account comes with tools features such as internet banking, overdraft facilities, and loans.
Benefits Of Opening A Business Bank Account
It can benefit those running a business account, as it helps to distinguish between personal finances and business finances.
It makes it easier to audit the money, pay taxes and other financial obligations.
The following are the benefits of opening a KCB business account:
1. No minimum operating balance.
2. No maximum balances
3. The quick arrangement on Regular transfer from another current or savings account to another.
4. Business Overdraft or loans.
5. Also, Statements of accounts are provided by KCB at regular intervals or on request.
6. No opening balance.
KCB Business Account Opening Requirements
To open a KCB bank business account, you will need the following requirements with you:
1. Certificate of Registration/incorporation.
2. Copy of Partnership deed/Articles of Association
3. Copy of PIN Certificate (for company and directors)
4. Board Resolution
5. Copy of ID/Passport of directors
6. One color passport photo of each signatory
7. The company search fee of Ksh. 1,000
If you have all requirements, you can visit the nearest KCB bank branch to open an account.
You will be guided by KCB customer care.
Here is the list of our KCB articles:
Fixed Deposit, Mobi Loan, Careers, Cub Account, Forex Exchange, Types of Accounts, Activate Mobile Banking, Mpesa Loan, Savings Account, Tuungane Chama Account, Apply for Credit Cards, KCB Opening Hours, KCB Mpesa Interest Rate, Diaspora Banking, Salary Advance, Paybill Number, Savings Interest Rate, Prepaid Master Card, KCB Student Account.