Personal Accounts

Current Accounts

Flexxy Account

Bundled account best suited for individuals with frequent transactions, catered for by a one off monthly fee.

Features
  • Opening balance KES. 10,000.00, USD. 200.00 (FX equivalent of USD. 200.00)
  • Fixed monthly charge of KES. 750.00
  • This product is available in KES, USD, GBP and EURO
Benefits
  • Mobile banking via SidianVIBE
  • Sidian Debit Card
  • Cheque book facility
  • Free inward RTGS/EFT
  • Free deposits
  • Free ATM withdrawals (at Sidian Bank terminals)
  • Direct deposit to account via paybill number 111999
  • One free monthly e-statement
  • Dedicated relationship manager

Mshahara Account

A transactional account designed for salaried individuals with a flexible pay as you go structure, which means you can transact an minimal charge.

Individuals who also operate businesses but have 70% of their income coming from salary are also eligible for this account.

Features
  • Nil opening balance
  • Nil minimum balance
  • Salary processing fee KES.100.00
  • Nil ledger fees
  • Over the counter (OTC) withdrawal fee KES. 100.00
  • This product is available in KES, USD, GBP and EURO
Benefits
  • Mobile banking via SidianVIBE
  • Direct deposit to account via paybill number 111999
  • Sidian Debit Card
  • Free inward RTGS
  • Inward EFT KES.100.00
  • Free deposits
  • One free monthly e-statement

Savings Accounts

Premium Savings Account

Set yourself a target and achieve it with the Premium Savings Account.

Features
  • Opening balance KES. 10,000.00, USD. 100.00 (FX equivalent of USD. 100.00)
  • Minimum balance of KES. 10,000.00
  • One over the counter withdrawal per quarter charged at current tariff (KES.100.00)
  • Additional withdrawals will incur a charge of KES.200.00 per withdrawal
  • Interest rate at 7% p.a. paid monthly into the account
  • No ledger fees
  • This product is available in KES, USD, GBP and EURO
Benefits
  • Direct deposit to account via paybill number 111999
  • Free inward RTGS
  • Inward EFT KES.100.00
  • One free monthly e-statement

Msingi Savings Account

Save for your child’s future with the Msingi Savings Account.

Features
  • Opening balance KES. 5,000.00, USD. 100.00 (FX Equivalent of USD.100.00)
  • Minimum Balance KES. 5,000.00
  • No ledger fees
  • Interest rate at 7% p.a. paid monthly into the account
Benefits
  • 1 free bankers cheque per quarter
  • One free monthly e-statement
  • Direct deposit to the account via paybill number 111999
  • Free inward RTGS
  • Inward EFT KES. 100.00

Business Accounts

Microfinance Accounts

Nawiri Account

The Nawiri Account is a pay as you go account best suited for individuals and sole proprietors who are trading either as themselves or using a business name.

Features
  • No opening balance
  • No minimum balance
  • No ledger fees
  • Free deposits
  • Over the counter (OTC) withdrawal fee of KES. 100.00
  • This product is available in KES, USD, GBP and EURO
Benefits
  • Online banking access and capabilities
  • Free inward RTGS
  • Inward EFT charged at KES.100.00
  • Cheque book facility
  • Outward cheque deposits at KES. 25.00 per cheque
  • Mobile banking via SidianVIBE
  • Paybill/Till to bank deposit
  • Sidian Debit Card
  • Direct deposit to the account via MPESA paybill number 111999

Ungana Group Account

Are you an investment group, chama or another collective form of savings group with a common agenda to accumulate savings for investments, facilitating small to medium investments? This is the account for you.

Features
  • Opening balance of KES. 2,000.00.
  • Ledger fee of Ksh 20 per transaction; minimum of KES. 300.00.
  • Over-the-Counter (OTC) at KES. 100.00.
  • Cheque book available.
  • Borrow up to 5 times the amount saved to invest in land, stocks and real estate.
  • No limit to the number of withdrawals and deposits per day.

SME Accounts

Tabibu Solution

Sidian Bank in partnership with Medical Credit Fund East Africa provides tailor-made financial solutions to Hospitals, Pharmaceutical Companies, Pharmacies, Chemists and Medical Equipment Suppliers.

Over ten years of enabling private health care entrepreneurs realize their dreams, makes us your best financial partner to start and grow your business.

Features
  • Asset finance services
  • Construction finance services
  • NHIF discounting within 48 Hours
  • Working capital solutions
  • Insurance
  • SafeCare Certification for hospitals
  • Trade finance solutions
  • Salary processing
  • Mobile banking via SidianVIBE
  • Direct account deposits via paybill (#111999)
  • Internet banking
  • A dedicated relationship manager

Business Account

Best suited for limited companies, SMEs, corporates and sole proprietors with high turnovers.

Features
  • Opening balance of KES. 2,000.00, USD. 200.00 (FX equivalent of USD. 200.00)
  • No minimum balance
  • Ledger fee of KES. 300.00 (USD. 5.00) for the first 15 transactions and KES. 20.00 for each extra transaction
  • No limit to the number of withdrawals and deposits per day
  • This product is available in KES, USD, GBP and EURO
Benefits
  • Free access to the online banking platform
  • Salary processing platform (charges negotiable)
  • Retail/Corporate internet banking
  • Paybill/Till to bank deposit
  • Free inward RTGS
  • Cheque book facility
  • Direct deposit to the account via paybill number 111999
  • One free monthly e-statement
  • Dedicated relationship manager

NHIF Invoice Discounting

Bank to finance 80% of invoices payable by NHIF/ insurance Company/ Reputable organizations

Requirements

  • A statement of previous payments from NHIF (not less than six months)
  • Proof of Transfer of NHIF and insurance proceeds. (For hospitals)
  • 3% Facility fees for the entire period
  • 1% renewal fees per new drawdown within the 12 months
  • The active account held at Sidian Bank (not less than six months
Collateral
  • Chattels mortgage over business assets and machine to be bought.
  • MCF guarantee based on the amount requested
  • Letter of undertaking from NHIF and/or Insurance Companies/ Reputable organizations whose invoices are being discounted to transfer all proceeds to clients account held at Sidian Bank

Asset Finance

Up to KES. 5,000,000.00

Features
  • Up to 80% financing
  • Client contribution of 20% to be held by the bank throughout the process of purchase
  • Operational Till/Paybill number.
  • An active account held at Sidian Bank (not less than six months)
  • 12 months of statements from the previous bank
  • Transfer of NHIF and insurance proceeds. (for hospitals)
  • 3% Facility Fees
  • 1.5% annual renewal fees
Collateral
  • Chattels mortgage over business assets and machine to be bought.
  • MCF guarantee based on the amount requested
  • Debenture on the asset being financed

Would you like to open an Account with us today?