Bank ABC Account Types

Bank ABC offers a variety of account types tailored for different trading needs. The accounts include:

• Hazina Account
• Description: Flexible and affordable account with ledger fees of KES 35 per transaction.
• Target Audience: SME customers who do not have many transactions monthly.
• Opening Balance: KES 5,000
• Operating Balance: Nil
• Account Maintenance Fees: Nil
• Other Benefits: Available in foreign currencies (USD, GBP, EUR), catering to customers in the export business.
• Zalisha Account
• Description: Account tailored for professionals with specific requirements.
• Target Audience: Professionals such as medical private practices, clinics, institutions, law firms, and NGOs.
• Opening Balance: KES 10,000 or foreign currency equivalent.
• Operating Balance: KES 10,000
• Account Maintenance Fees: Waived on balances above KES 500,000.
• Other Benefits: Unlimited deposits and withdrawals, ledger fees of KES 30 per entry.
• Lea/Tahfif Account
• Description: Account with zero charges on deposits and withdrawals.
• Target Audience: SME customers with many over-the-counter transactions.
• Opening Balance: KES 5,000
• Operating Balance: Nil
• Account Maintenance Fees: KES 500 per month.
• Other Benefits: Free bankers cheques (max 10 per month), free e-statements, and access to dedicated services.

Bank ABC Broker Account Opening Process

To open a broker account with Bank ABC, follow these steps:

• Visit the Website: Navigate to the account opening section on the Bank ABC website.
• Choose Account Type: Select the type of account you wish to open based on your trading needs.
• Fill Out Application: Complete the online application form with your personal details, including name, address, contact information, and identification details.
• Documentation: Prepare and upload the necessary documents, such as valid identification (passport or drivers license) and proof of address (utility bill or bank statement).
• Review and Submit: Review the application for accuracy and submit it for processing.
• Approval and Activation: Wait for the application to be reviewed. If approved, you will receive confirmation via email or phone. Visit a branch to complete the account activation process.

By following these steps, you can easily set up your trading account with Bank ABC and start your investment journey.