DTB Current Account
product term
The DTB Current Account is a transactional account with a flexible pay as you go price structure. Clients are only charged when they transact. The account comes with a debit card and a cheque book that are both optional to customers.
Benefits
- No minimum account balance
- Free monthly e-statements
- Access to a debit card that can be used for ATM, POS and online transactions
Features
- Currency - Kenya shillings
- Opening amount - nil
- Minimum balance - nil
- Interest rate - N/A
- Channels / account & information access - debit card, cheque book, mobile banking, internet banking, e-statements
Requirements
- Individual Accounts
- National ID (Kenyan citizens)
- Valid passport & Foreign certificate (Foreign Citizens)
- One passport size photo
- KRA PIN Certificate (Kenya Revenue Authority)
- Proof of Physical address (Lease agreement/ Utility bill indicating- name and physical address)
- Corporate Accounts
- Certificate of Incorporation/ Registration or Certificate of Registration Form (for sole proprietors/ clubs/ society/ associations/ churches)
- Constitution & By-Laws for Clubs, Associations, Societies & Foundations
- Memorandum and Articles of Association for companies incorporated pre-2015 (Co. Act 486) while CR 1 and 2/3 & 8 for companies incorporated post 2015 (Co. Act 2015)
- Partnership Deed duly signed by all partners (in case of partnerships)
- Signed Board Resolution by at least two directors or 1 director + company secretary with affixed with a CPS stamp
- KRA Pin Certificate
- Proof of physical address: Business Permit, Lease Agreement, Utility Bill (indicating name and address of entity), New Generation KRA PIN Certificate (indicating name and address of entity)
- Latest audited/ Management Accounts
- Kenyan ID/ Valid Passport with Visa Page, Foreign Certificate/Alien Card (Foreign Nationals) & Tax PIN for all stakeholders (Sole Proprietors, Shareholders (owning more than 5% of the entity), Directors, Partners & Signatories
- Practicing/Trading License (applicable for Lawyers, Insurance Companies, Brokers & Agents, Sacco’s (SASRA), CBK License (for Financial Institutions only))
Charges
- Debit card:
- Mastercard gold Kshs. 500
- Card replacement - Kshs. 600
- Withdrawal fees:
- Withdrawals from DTB ATMs - Kshs. 30
- Withdrawals from Pesa Point and Kenswitch ATMs - Kshs. 70
- Withdrawals from all other bank ATMs - Kshs. 200
- 0.25% cash handling fee (over Kshs. 1 million)
- Ledger fee per transaction - Kshs. 30
- Cheque book as per tariff
- Note: * All charges are subject to applicable tax
product_id
2
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