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Yes, a withholding tax of 15% is applicable to the interest earned

Yes, you can easily migrate from your existing SBM savings account to the new Platinum Saver account. Visit your nearest SBM branch to fill in the account product transfer form.

No, customers with an existing current account who wish to enjoy Platinum Saver benefits must apply for a new account.

At the moment there are no solutions or services that are bundled with the service. The bank may introduce other value adding products on to the Platinum Saver in future.

Yes, you may borrow against your savings. The amount will however be lien marked and will be inaccessible until you clear your loan.

Yes, the account is applicable to all customers. Children, Youth, Individuals and Joint account holders.

Your Platinum Saver Account may have access to Mobile and Online Banking purely for viewing balances, transferring to own account in SBM (K) and to withdraw funds to your own mobile number

a)24/7 Contact Centre

Phone: +254 709 800 000 / +254 730 175 000

WhatsApp: +254 773 758 196

Email: atyourservice@sbmbank.co.ke

X: sbmbankkenya

Facebook: sbmbankkenya

1. b) Contact your dedicated Relationship Manager.

1. c) Visit any of our branches during our hours of operation and we will be happy to help.

Salary advance is a short-term loan available to SBM Bank customers whose salary is deposited into their SBM Bank account. This loan helps customers meet urgent financial needs.

To qualify, you must:

• Receive your salary consistently in your SBM Bank account for at least six months.
• Have an active and operational SBM salary account for over six months.
• Receive a regular salary income of at least KES 15,000 per month.
• Have no non-performing loans or overdue credit card facilities with SBM Bank.
• Ensure your salary account is not already in a negative balance.
• Use your salary as the security for the loan.