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.

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