Business Account
Best suited for limited companies, SMEs, corporates and sole proprietors.
Target Market: Partnerships, Sole proprietors and Corporate entities, SMEs
Key Features & Benefits
- One free monthly e-statement
- Free access to online banking platform
- Salary processing platform (charges negotiable)
- Dedicated Relationship Manager
- This product is available in KES, USD, GBP and EURO
Terms
- No minimum balance
- No limit to number of withdrawals and deposits per day
- Free inward RTGS
Banking Channels
- Online banking
- Aggregated PayBill and Till Number
- Withdrawal at all Sidian Bank branches
- Direct deposit to account via Pay Bill number 111999
- Sidian Visa Debit/Credit Card (Depending on Account Mandate)
Fees & Charges
- Opening balance of KES. 2,000.00, USD. 200.00 (FX equivalent of USD. 200.00)
- Ledger fee of KES. 300.00 (USD. 5.00) for the first 15 transactions and KES. 20.00 for each extra transaction.
*All charges are subject to applicable tax
Ungana Account
Ideal for investment groups, chamas or savings group with a common agenda to accumulate savings for investments.
Target Market: Investment Groups, Chamas or Savings Groups.
Key Features & Benefits
- One free monthly e-statement
- Group training (Investment related training offered by the bank)
- Available in KES, USD, GBP and EURO
- Free inward RTGS
- Cheque book
- Free deposits
Terms
- Minimum balance of KES. 2,000.00 (FX equivalent USD. 200.00)
- Opening balance of KES. 2,000.00 (FX equivalent USD. 200.00)
- No Ledger Fees
Banking Channels
- Withdrawal at all Sidian Bank branches
- Online Banking
- Direct deposit to account via Pay Bill number 111999
*All charges are subject to applicable tax
Signature Account
An interest earning current account best suited for businesses.
Target Market: Institutions, Sole proprietors and Corporate entities, SMEs
Key Features & Benefits
- Premium financing
- Competitive interest rates
- Free deposits
- Unlimited Withdrawals
- No bank charges if the account has average account balance above KES. 500,000.00
Terms
- No limit to number of withdrawals and deposits per day
- Free inward RTGS
Banking Channels
- Online banking
- Aggregated PayBill and Till Number
- Withdrawal at all Sidian Bank branches
- Direct deposit to account via Pay Bill number 111999
- Sidian Visa Debit/Credit Card (Depending on Account Mandate)
*All charges are subject to applicable tax
Project Account
A current account for project management committees, Government Entities, Institutions and NGOs.
Target Market: NGOs, Government Institutions and any other institution.
Key Features & Benefits
- One free monthly e-statement
- Free access to online banking platform
- Salary processing platform (charges negotiable)
- Dedicated relationship manager
- Available in KES, USD, GBP and EURO
- Free inward RTGS
- Inward EFT at KES.100.00
Fees & Charges
- Over the counter (OTC) withdrawal fee of KES. 100.00
Terms
- Nil opening balance
- Nil ledger fees
- No minimum balance
- No limit to number of withdrawals and deposits per day
- No cash handling for deposits
Banking Channels
- Online banking
- Aggregated PayBill and Till Number
- Withdrawal at all Sidian Bank branches
- Direct deposit to account via Pay Bill number 111999
- Cheque book
*All charges are subject to applicable tax
Corporate Internet Banking
Banking at your convenience is just a click away for our Corporate and SME customers with corporate internet banking.
Eligibility: Corporate account holders
*This is guided by the account operating mandate.*
Fees structure
- This is based on the current product pack accessible fees
- No extra fees over and above the fees incurred when accessing the service
Features and Benefits
- Track account activity
- Get account statements
- Account to account transfers
- Utility payments: DStv, GOtv, Nairobi Water Bill, eCitizen payments, iTax payments
- Mobile money transfers
- PesaLink transactions
- Bulk mobile money and funds transfers
- Funds Transfers: RTGS, EFT
Sidian Visa Credit Card
It’s not about spending more, it’s about spending smart with Sidian Visa Classic Credit Card.
Eligibility: individual and corporate account holders
Features and Benefits
- Chip & PIN security feature
- Flexible Limits
- Secure online purchases
- Card services:
- Payment at all merchant outlets
- Sidian Bank’s ATM network
- VISA ATMs countrywide
- Supplementary cards
- Worldwide acceptance: VISA accepted outlets
- Balance enquiry
- Mini-statement at VISA ATM outlets
- Global benefits of Visa cards: Sign up at visacards.africa
- Repayments:
- Bank instruction: Direct Debit from your account
- Paybill number: 990832: Account Number: Credit Card Number
Sidian Lipa Na M-Pesa Service
Real-time settlements of payments made to your business through Sidian Lipa na M-PESA service.
You can choose to channel the funds into the account in real-time or accumulate funds and deposit to the account.
Services
- M-PESA to Account transfers directly to your account via PayBill number 111999.
- Buy float from any of the below channels:
- Sidian Bank branch
- SidianVIBE (mobile banking)
- Internet banking
- Buy Goods: Receive payments in real-time into your account(s).
What’s in it for you?
- Real-time account settlement.
- 48 hour PayBill/till number acquisition.
- SMS alerts for transactions on request.
- Dedicated relationship manager.
How to pay for your card via M-Pesa
Paybill number: 990832
Account Number: Credit Card Number
Sidian Express
Sidian Bank has been in the forefront in achieving One Till solution money collection service. Sidian Express is a marketplace that provides collection and transaction origination.
Features
- Ease of onboarding
- No charges on transactions
- Customer management – where a business can create a system administrator to be able to manage their users within that business.
- Karo Express and Kodi Express Solution that allows landlords and schools to collect rent and school fees with ease.
- The Sidian Express portal allows customers to raise bill payments.
- Transaction origination – Our customers can initiate transactions to their customers through STK push to make payments.
Benefits
- Customer portal for easier management of funds
- Real-time cash collection to your business
- Real-time access of transaction reports
- Co-branded receipts on transactions made to your business
- Allows a flexible a split model: A customer can allocate
- funds for loan repayment, savings and investments.
- Notification APIs
Money Transfer Services
Money transfer services are offered by Sidian Bank to both Sidian customers and walk-in clients.
Services Available
- Western Union
- MoneyGram
- Upesi Money Transfer
- RIA Money Transfer
- M-PESA Retail Agency
- M-PESA Super Agency
- M-PESA Float purchase
Charges
- M-PESA Retail – As per the M-PESA tariff guide
- M-PESA Super Agency – KES. 50.00 Amounts greater than KES. 100,000.00 – 0.1% of the value transacted
- Country tariffs apply
*Sidian Bank does not charge any extra fees.*
Start Your Sidian Bank Journey Today.
Kindly fill in your details in the below form. Our team will contact you as soon as possible.