To apply for SBM Platinum Saver Account, visit any SBM (K) Branch to fill in an account opening form with the following:
Are you a US resident? (Y/N)
Are you a US citizen? (Y/N)
Are you holding a US permanent resident card (Green card)? (Y/N)
Were you born in the US? (Y/N)
Have you ever granted power of attorney or signatory authority to a person with a US address? (Y/N)
Do you have a US residential address? (Y/N)
Do you have a correspondence, C/O or hold mail address in the US? (Y/N)
Do you have a standing order to a US Bank account? (Y/N)
Do you have a US telephone no? (Y/N)
The recommended account opening balance is KES. 100,000. We however encourage customers to take up the solution by depositing any amount and grow their balances to Kes.100,000 or more to enjoy the 6% p.a interest.
You will earn an interest of 3% p.a until such a time when your balances will get to Kes 100,000 threshold or more.
The minimum operating balance is KES 100,000.00.
Your account will earn an interest of 3% for all the days within the month of breach and will be tracked for a period of 90 days. The 6% interest rate will resume in the new month post the 90 day breach period provided account balance is maintained at KES. 100,000 and above.
The SBM Platinum Savings Account is open to individual customers only. We encourage business owners to open this account for their personal savings.
The options available to send money to your Platinum Savings Account are:
|BANK:||SBM (K) Limited|
|Account Name:||Your Account Name|
|Account Number:||Your 13 digit account number|
Withdrawals on the account are restricted to one every quarter. The account will earn an interest of 3% if the number of quarterly withdrawals are more than 1.
SBM Bank will provide you with free monthly e-statements to your email to be able to track account balances. You can call your account manager at the branch or SBM contact center to request for account balance for ad hoc requests.