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List of Best Banks To Open an Account With

When you are looking for a bank to open an account with in Kenya, you should consider a bank where you can be sure your money is safe. Whether you are opening a savings account or a current account, transaction costs is another key factor to consider. Am sure you do not need a bank that will make it hard for you either to make a deposit or withdraw your money.

Therefore, the accessibility of the bank or your money is another factor to give a consideration. That said and done, there are a number of banks in Kenya that have proved to be the best and most preferred by a large number of clients.

Factors before opening a bank account

Before you open an account with any bank here are the key factors to consider first.

  • Security of your money
  • Account opening charges
  • Accessibility
  • Cost of transaction

Here is a list of top best banks to open a savings or current account with

  1. KCB Bank
  2. Equity Bank
  3. Co-operative Bank
  4. NCBA Bank
  5. Standard Chartered bank
  6. Absa Bank
  7. Family Bank
  8. National Bank
  9. I & M Bank
  10. Trans National Bank

These banks have an outstanding record on easy of opening account, security, account accessibility among many others.

KCB bank

  1. KCB Bank

The Kenya Commercial bank stands out as one of the best banks. The bank boasts of Millions of customers thanks to the strong management team and services tailored to benefit the client. The bank has partnered with Safaricom Mpesa thus making your account accessible any time you need to transact. With KCB, your money is safe as they have heavily invested in security systems.

Also Read:How 52 weeks saving challenge works

Equity bank

  1. Equity Bank

Equity bank brought a paradigm shift in the banking sector in Kenya in early 2000. The bank gave depositors freedom to own a bank account without many conditions as it was the norm. No minimum amount is required to own an equity account and no service fee is charged on your savings or current account. Equity has worn the trust of many and they have the largest client base in the country. The bank has numerous branches across the country thus making it more accessible to customers. Equity also has mobile services that enable its clients to transact money through Eazzy Pay mobile App or through the Equitel SIM card.

Co-operative bank

  1. Co-operative Bank

Operating a savings account or a current account at Co-operative bank requires zero operating balance and nil monthly maintenance fees. Co-operative bank has large customer membership in the country. Your account is safe with the bank as they have heavily invested in cyber security.

Details of the savings account are:

Targets ‘true’ Savers
This is to encourage a saving culture


  • Minimum opening balance – Nil
  • Minimum operating balance – Nil
  • Monthly maintenance fee – Free
  • You stand to earn interest with Fixed account


  1. NCBA Bank

NCBA bank formerly known as CBA bank is one of the fast growing banks in Kenya, thanks to its partnership with Safaricom Mpesa that saw them start offering Mshwari and Fuliza services. CBA bank recently acquired NIC bank and rebranded to NCBA. The bank has no restriction to open an account. With your ID, you can easily walk in and open an account. NCBA has one of the lowest transaction charges on the financial market. They have several branches in the country and have heavily invested in security.

Also Read:Best investment and savings SACCOS in Kenya

  1. Standard Chartered Bank

Standard Chartered Bank Kenya is one of the oldest banks in the country. It has centered itself to help businesses grow. What makes Standard Chartered bank stand out is its transparency. Among the products offered by the Standard Chartered bank include

  • Ordinary current account
  • Hifadhi Current account
  • Safari Savings Account
  • Safari Junior Account


  1. Absa bank Kenya

Absa bank Kenya was the pioneers in setting up ATM Machines in the country until recent, Absa bank was known as Barclays bank. They are highly innovative and have enhanced their security systems to the latter. They also offer mobile money service namely Timiza.

It is free to open an account with Absa with no monthly fees deduction. Among their products on personal banking includes;

  • Absa One Current Account
  • Savings Account
  • Ultimate Account
  • Student Account

They also have other tailor made products for Islamic banking, Business banking, Corporate Banking, Premier Banking and Investment relations.

Also Read:Visa Free Countries For Kenyan Passport Holders

  1. Family Bank

Family Bank one of the few banks that promises to remain open even on Sunday. They are very reliable. The account opening process is simple with no charges for opening an account. They have standard transaction charges thus making them favorable for individuals who transact large sums of money. With family bank, your account is secure. They have tailor made accounts to choose from depending on your preference and choices. Whether you are an individual, organization or a corporate, Family bank will suit you.

  1. National Bank

National Bank is one of the oldest banks in the country. The bank was recently acquired bay KCB bank but continues to operate and serve customers under the National Bank brand name. National bank has won the trust of many over the years thanks to its reputation. National bank has branches all over the country. They have minimal requirements to open and operate an account. Opening an account with National bank is free.

  1. I & M Bank

They are one of the best banks when it comes to currency exchange. They also offer both personal and corporate banking services. They are best known for carrying out transactions electronically. If your interest is in buying and selling USD,EURO and GBP currencies, then I & M bank is the bank to go for.

  1. Trans National Bank

Trans National bank has made it easier for anyone to own and operate a bank account. With Trans National, You can log into their website and create a bank Account. They have quite a number of branches across the country thus making them easily accessible. Their transaction charges are low and this makes them stand out. They are suitable for both personal and corporate banking. Trans National promises to help you grow financially. They are also known to fund their members well through loans.

Also Read:NCBA Bank Closes 8 of its branches in Kenya

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Majira Media

Keeping you in the loop. I write to share information that matter. From technology to business tips, I share information to inspire and educate