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| Current Account | |
| Savings Account | |
| Fixed and Call Deposits | |
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Personal Banking
City Finance Bank Limited offers Current Accounts suitable for individuals involved in sole proprietorships, consultancies and other professional services. They offer flexibility with possibility of offering overdraft facilities with prior arrangement.
Product Features and Requirements
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A minimum balance of Kshs. 10,000 is required to open an account as initial balance.
- Two colored and recent passport size photographs
- Copies of National ID card / Passport
- Introduction by an existing account holder
- Certificate of registration
- Memorandum and Article of Association for Limited Liability Companies
- Partnership deed (for partnerships)
- Ledger fee payable depending on volume passed through account.
- Access to bank balance through SMS (Short Message Service)
- Access to discount on selected products.
- Account designated in Kenya Shillings or USD (US dollar) or GBP (Great Britain Pound).
- Free monthly statements or more frequently as arranged.
- Free statements by email.
The City Finance Bank Limited Personal Savings Account offers easy and convenient means of saving and making payments to your creditors especially for utility bills, using your own personal cheque book.
Product Features and Requirements
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A minimum balance of Kshs. 1,000 is required to open an account without a cheque book and Kshs. 5,000 with a cheque book facility.
- Two colored and recent passport size photos
- A copy of National Identity Card / Passport
- Introduction by an existing account holder or a letter from the employee.
- Interest of 2-3% is paid monthly.
- No restrictions on amount and number of times withdrawals so long as the minimum balance is maintained.
- Free statement issued on a quarterly basis.
- Access to discounts on selected products.
- No ledger fee levied.
For those who want higher returns than Savings Deposits, Fixed and Call deposits are an ideal destination. They have the flexibility to determine the maturities of their deposits and still earn a premium rate over ordinary Savings deposits.
Product Features and Requirements;
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A minimum of Kshs. 50,000 required to maintain the invest
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Interest rates offered depend on maturity amount of deposit and prevailing market conditions.
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The maturity ranges from 7 days (Call Deposits) to 1 year (Fixed Deposits).