
Open an Account

The options available to send money to your Platinum Saver Account are:
Account Number > Enter your 13 digit Account Number > Enter Amount > Enter
M-Pesa PIN and the transfer will complete to your account
Real Time Time Gross Settlement (RTGS)/EFT - transfer money via RTGS/EFT as per account details below, whether from an SBM (K) account or any other bank account:
BANK: | SBM (K) Limited |
Account Name: | Your Account Name |
Account Number: | Your 13 digit account number |
Bank Code: |
060 |
Swift Code: | SBMKKENA |
Login into SBM Mfukoni Mobile or Online Banking> Funds Transfer> Pesalink> Select Source Account > Send To Account > Enter Account, Select from List of Banks, Enter Amount, Remarks> OTP & Submit NB: Ensure you have the correct account number and bank name. Learn more about using Pesalink here: Pesalink FAQs
Withdrawals on either KES or USD accounts are restricted to one every quarter.
The account will earn an interest of 4% for KES and 3% for USD for all the days within the month if the 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.
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