Make Smart Savings for your Business!

Access loans while you save

Earn interest of 5%
Borrow at discounted rates

Make Smart Savings for your Business!

Access loans while you save

Earn interest of 5%
Borrow at discounted rates

Why choose the Jijenge Biashara Savings Account

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Discounted loans

Financing at discounted rates to allow your business to run smoothly.

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Attractive interest rates

Interest paid monthly directly to your account

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Easy Account Management

No monthly fees, and you can open your account with no deposit.

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Seamless “Branchless Banking” experience

Experience convenience through alternative channels on Mfukoni App and Mfukoni Online Banking.

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Multi-currency Account

Available in KES, USD, EUR & GBP

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Withdrawals

Available at all SBM Branches (cash and internal bank transfers), Mfukoni Mobile and Online Banking (internal transfers to own account and M-PESA to own number) 

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Deposits

Available at all SBM Branches, Mfukoni Mobile, Online banking, Paybill and Agency Banking.

Eligibility / Documents Required

  • Original and copy of certificate of Incorporation/ Certificate of Registration.
  • Compliance certificate issued by Registrar of Companies - for companies incorporated outside Kenya.
  • Original and copy of the Memorandum & Articles of Association/ (CR1, CR2, CR8)
  • CR 12 (valid 90 days) or Annual returns
  • Latest audited financial statements
  • Sealed & duly signed Board of Directors Resolution to open an Account, A/C signatories & signing mandate.
  • Company & Directors KRA PIN
  • Copy of National ID /Passport of Directors & Signatories
  • Passport size-coloured photos for Director and account Signatories.
  • Valid Business Permit.
  • License from governing body (e.g. Mining, IRA, SASRA etc.)
  • Fully completed and signed FATCA & CRS certification Forms for Kenyan nationals residing abroad.
  • Additional KYC may be required as per the nature of the institutions.

Rates & Fees

Corporate Debit Card issuance/ replacement - Kes. 500.00
Standing Order - Kes. 300.00
Cheque book (50/ 100 leaf) - Kes. 14.50 per leaf
Bankers Cheque - Kes. 400.00
Per transaction ledger fee - Kes. 10.00( or FCY equivalent)

Talk to Us

Jijenge Biashara Savings Account