A KCB Bank account is a great option for students who are looking for a Bank that offers good rates and a variety of services. This Student account is perfect for college students studying Abroad and provides them with financial independence, also allows parents to send money abroad. Who wouldn’t want these wonderful privileges and many more? Open a KCB Student account right away and take all the advantages with KCB Bank for more information about KCB Students Account read this article.
About KCB Bank
KCB provides a lot of benefits to its customers. Along with offering Internet banking, institutional, and mobile banking facilities, KCB Group also provides custodians, cash management, capital management, foreign exchange, and international money transfer services.
Kenya, Tanzania, Ethiopia, South Sudan, Burundi, Uganda, and Rwanda are all countries where the bank conducts business through a network of branches and automated teller machines. KCB help you with various services such as no monthly fees, access to HELB loans, and banker’s cheque at no cost.
Nairobi, Kenya serves as the home base for the financial services company KCB Bank Kenya Limited. The Central Bank of Kenya, the country’s banking watchdog, has granted it a licence to operate as a commercial bank. The agency banking approach has also been used by the bank.
| Bank Name | Kenya Commercial Bank |
| Founded in | July 1896 |
| Headquarters | Kencom House, Moi Avenue; Nairobi, Kenya |
| Customer Base | 7 Million |
| Monthly Fee | Zero |
| Opening Balance | Kes 200 |
| ATM withdrawal | Kes 30 |
| Visa Debit Card at a one-off fee | Kes 430 |
Must Read: Best Student Bank Account to Open for Study Abroad
Types of KCB Bank Accounts
KCB Bank has different types of Bank accounts, here are the three main KCB bank Account types:
- Current Account
- Transactional Account
- Saving Account
Advantages of Opening an Account with KCB
There are numerous benefits to opening a KCB Students Account. Some of the most notable are listed below:
- No Monthly maintenance changes and service charges
- For Ksh 400, you can apply for an ATM card.
- There are no limitations on the number of deposits or withdrawals.
- You are allowed to access KCB Mobile Banking and Internet Banking service.
- Your Higher Education Loans Board – HELB directly deposited in this account
- You can access the funds whenever you need to, and they are safe and secure.
- Receive one complimentary banker’s cheque for each student.
Must Read: Best Bank Accounts for International Students in the USA
Eligibility requirements
Here are a few pointers of Eligibility requirements for opening a KCB Students Account
- Valid passport or ID from Kenya.
- Your KRA PIN authorization.
- A letter of introduction or admission from a college or other educational facility.
Documents Required
You need to fulfil certain criteria to open a student account with KCB Bank. Here are the requirements include opening an account with KCB Bank
- Your two passport-size coloured photographs
- Photocopy of your passport
- Photocopy and original National Identity Card
- Your Copy and original Student Identity Card
- Your offer letter from your School
- If in case you are not from Kenya, you will need to provide an Alien Certification of Registration.
How To Open an Account With KCB Bank?
If you want to open a KCB Students Account, you can Visit the nearby branch of KCB for an easy and quick process. Here are some points that you need to know during Brach’s visit
- After fulfilling all the eligibility requirements you can take assistance from any KCB Branch Manager
- Fill out the application form provided by KCB Bank
- Attach all the necessary documents with your application form
- Fill all the details correctly in the application form
- Submit the application form to Branch Manager and wait for the process
Must Read: Best Ways to Use Credit Cards for College Students
FAQs
Ans. A HELB loan A Kenyan government agency called the Higher Education Loans Board (HELB) distributes loans, bursaries, and scholarships for training at public institutions that are approved by the country’s Ministry of Education.
Ans. The Kenya Commercial Bank (KCB) thereafter took the name NGB. Savings & Loan Kenya Limited, which specialised in mortgage financing, was acquired by KCB in 1972.
Ans. Ksh is a Kenya Shilling which means Kenya currency and Kes mean a currency symbol
Ans. The HELB interest rate is typically 4% per year.
This was all about the Benefits of the KCB Students Account, a student account that allows a student to gain a sense of how to manage their finances. This sets the stage for how a student can manage money as an adult. If you are looking for any bank-related and Forex-related services, contact our team Fly.Finance
