Genesis is a current account suitable for small to medium sized businesses with relatively fewer transactions and desirous of a ‘Pay As You Go’ account
• 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 colored 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
Corporate Debit Card issuance/ replacement - Kes. 500.00
Standing Order - Kes. 300.00
Chequebook (50/ 100 leaf) - Kes. 14.50 per leaf
Bankers Cheque - Kes. 400.00
Per transaction ledger fee - Kes. 30.00( or FCY equivalent)
The Genesis Current Account from SBM Bank Kenya is designed for small to medium-sized businesses looking for a simple and cost-effective transactional banking solution. This “Pay As You Go” account is ideal for businesses with fewer transactions that want flexibility and convenience in managing daily operations. With no minimum opening balance or minimum operating balance required, the account helps businesses maintain better cash flow while enjoying essential banking services.
The account supports seamless branchless banking through mobile banking, Internet Banking, ATMs, POS, and agency banking channels, making it easier to manage transactions anytime and anywhere. Businesses also benefit from access to multiple money transfer services including RTGS, Telegraphic Transfers (TTs), MoneyGram, Mukuru, Transfast, Zoom, and Western Union for both local and international payments. Additionally, the account is available in major currencies including KES, USD, GBP, and EUR, offering flexibility for businesses handling cross-border transactions.
Open a Genesis Current Account with SBM Bank Kenya today and enjoy flexible, secure, and convenient business banking solutions tailored to support your business growth.
The SBM Genesis Current Account is a business current account designed for small to medium-sized businesses that require a flexible pay-as-you-go banking solution.
No, the account does not require a minimum opening balance or minimum operating balance.
The account is available in KES, USD, GBP, and EUR to support both local and international business transactions.
Yes, customers can access mobile banking, internet banking, ATM services, POS services, and agency banking for convenient account management.
The account is ideal for small and medium-sized businesses with relatively fewer transactions looking for flexible and affordable banking solutions.
