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 Savers 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.
To encourage a saving culture, we have restricted the account from access to all digital and card channels. Withdrawals will be done through the branch.
Kindly reach out directly to your Relationship Manager or Branch Manager; alternatively, you can contact our SBM (K) Bank Contact Centre via:
Tel: +254 (0) 709 800 000 / +254 (0) 730 175 000
WhatsApp Chat: +254 (0) 773 758 196
Email: atyourservice@sbmbank.co.ke
Twitter: @sbmbankkenya
Facebook: SBMBankKenya
Please feel free to visit any of our branches for more details.
Mobile for Businesses is an integrated mobile and online based solution that issues a customer with a Bank business account and a Lipa Na Mpesa paybill or buygoods number to enable them receive & collect MPESA payments. The received payments is credited in real-time into the customer SBM bank account.
The service is available to All SBM Bank Kenya account holders be it small or medium businesses, corporate or individual account holders.