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Designed with features that will help you manage your business cash flow, the Plus Current Account is just what your business needs to succeed.

Why choose the Plus Current Account

No minimum opening balance is required to open the account

No minimum operating balance is needed to keep the account running

Carry out seamless branchless banking through ATMs, POS and mobile, online and agency banking

Send cash through multiple money transfer channels: Telegraphic Transfers (TTs), RTGS, MoneyGram, Transfast, Zoom, Mukuru and Xpress Money

Eligibility / Documents Required

  • Original and copy of certificate of Incorporation/Certificate of Registration.
  • Compliance Certificate issued by Registrar of Companies (for companies incorporated outside of Kenya)
  • Original and copy of the Memorandum & Articles of Association (CR1, CR2, CR8)
  • CR 12 (valid for 90 days ) or annual returns
  • Most recently audited financial statements
  • Duly signed and sealed Board of Directors’ Resolution to open an account, signatories & signing mandate
  • Company & Directors’ KRA PIN certificates
  • Copy of original National ID/Passport of directors & signatories
  • Passport size colored photos of director and account signatories.
  • Valid business permit
  • License from a governing body (e.g. mining, IRA, SASRA etc.)
  • Fully completed and signed Foreign Account Tax Compliance Act & Common Reporting Standard certification forms for Kenyans residing abroad
  • Additional documents may be required as per the nature of the institutions.



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Rates & Fees

  • Corporate Debit Card issuance/replacement fee - Kes. 500
  • Monthly ledger fee - Kes. 350
  • Standing order - Kes. 300
  • Banker’s Cheque - Kes. 400
  • Counter withdrawal fee - Kes. 200
  • Transaction fee (applied after 14 transactions) - Kes. 25

** All fees and charges are subject to 20% excise duty

Find out more about SBM Products

Visit any of our Branches

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Reach us on

+254 (0) 709 800 000
Open an SBM Plus Current Account for Your Business