BANK

Transactional Accounts

Interested in:

Freedom Account

Do you run a small business? We have designed this account for small business owners and low income earners, being your partner as you work towards achieving your big vision.

Benefits

Benefits

What we need from you

  • Two recent colored passport size photos
  • Original and two photocopies of National ID or passport
  • A valid VISA
  • Reference letter from employer or from existing KCB customer
  • Duly filled and signed physical verification form. Must include phone number, physical residence or local administrator verification
  • Minimum account opening balance as applies
  • Duly filled FATCA forms from the IRS website. (W-8Ben for non-US persons and the W-9 for US citizens)

Rates & Fees

  • Minimum opening balance – SSP 100; USD 50
  • Cheque books: 50 leaves - SSP 1,000 (USD 20); 100 leaves - SSP 2000 (USD 40)
  • SSP counter cheque/current account debit voucher – SSP 150 (USD 15) per request
  • USD counter cheque/current account debit voucher – 2% (USD 15) per entry
  • Ledger fees – SSP 10 (USD 2) per transaction
  • Handling fee for inward unpaid cheque – SSP 400 (USD 15) per cheque
  • Cheques returned unpaid due to:
  1. Insufficient funds in account – SSP 1000 (USD 40) per cheque
  2. Technical reasons and payment stopped – SSP 400 (USD 20) per cheque

Interested in Freedom Account or have a question?

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