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Bidii Savings Account

Bidii account is a mass-market savings & transactional product that replaced the Ordinary Savings Scheme (formerly the passbook account). Caters for both male & female. Open to persons of 18 years of age and above. Tailored to suits the needs of both low and medium-income earners. Flexible options are available for opening the account; Personal, Joint, legally constituted bodies and Companies (Macro, Small and Medium Enterprises – MSMEs). Bidii account offers multiple options for opening and operating:

  • Personal Account; Caters for an individual only.
  • Joint Account; Caters for 2 or 3 persons.
  • Sole Proprietor Account; Caters for entities registered under Registered Business Name Act.
  • Partnership Account; Caters for companies formed under a partnership Act.
  • Junior Trustee Account; Caters for children below 18 years of age placed under the custody of a public trustee or a public administrator who acts as public trustee representative.
  • Trust/Provident Account; Caters for Foundations or a legally constituted body under Trust Act.
  • Schools Account; Open to both public and private schools.
  • Company Account; Caters for both public & private Companies incorporated under Limited Companies Act.

Benefits

  • No monthly ledger fees or account maintenance charge.
  • A competitive tax-free interest is payable annually on accumulated account balances of Ksh. 10,000.00 and above.
  • Free account reactivation.
  • No charges on deposits at any Postbank branch or Mashinani agent.
  • No restriction on the frequency or amount of withdraws in all Postbank branches.
  • Payment for goods and services using the Postbank ATM card at any visa merchant location is at no extra cost.
  • Unlimited access to your account through Postbank branches and Mashinani agents countrywide, Kenswitch or Visa ATMs, PataCash mobile & Internet banking service.
  • Get instant SMS notification updates for account transactions sent to your mobile number.
  • Issue advice to your account through mobile & internet banking or request for mini-statement and account balances instantly.

Individual/ Joint Account Opening Requirements

  • Original identification document; Valid National ID/Passport/Service Card/Alien Certificate
  • Copy of KRA PIN Certificate
  • 2 Passport size photographs (for each signatory if joint)
  • Minimum account opening and operating balance of Kshs.200
  • Kshs.600 ATM card fee charged on application from account balance
  • Duly filled account opening & debit card application forms (SB11A & ATM1)

Sole Proprietor Account Opening Requirements

  • Original & Copy of Valid ID or Passport/Aliens Certificate of registration
  • Two coloured passport size photographs (for each signatory)
  • Copy of Certificate of Registration
  • Copy of PIN or VAT Certificate for the Business
  • Personal PIN Certificates for each signatory
  • Copy of Single Business Permit issued by the County Government
  • Proof of business premise address (copy of recent utility bill under your name)
  • Completed account opening & debit card application forms (SB11B & ATM1)
  • Kshs.1,800 search fee payable on application
  • Minimum account opening and operating amount of Kshs.5,000 payable after search process is successfully completed
  • Kshs.600 debit card fee charged on application from account balance

Features

  • Friendly account opening requirements and procedures.
  • Faster and more convenient services for;
    • over-the-counter,
    • ATM
    • Merchant transactions.
  • Timely & Efficient Services; Postbank Visa (Debit) card is issued instantly and linked to a self-auto generated PIN there and then.
  • Paperless banking services.
  • Varieties of options are available for funds transfer using;
    • EFT.
    • RTGS.
    • Standing Order.
    • Mobile & International money transfer services.
  • Pre -transaction withdrawal charges apply for over the counter, ATM, Funds transfer, mobile & internet banking services.
  • For Joint accounts, the operating instructions defined by signatories during account opening apply every time they request to make cash withdrawals. The Joint account mandate options provided include:
    • Either to operate (2 persons)
    • Both to operate (2 persons)
    • Any two to operate (3 persons)
    • All to be present during withdrawals (either 2 or 3 persons)

Partnership Account Opening Requirements

  • Copy of Partnership Deed
  • Original & Copy of Certificate of Registration
  • Original & Copy of Valid Identification Documents of partners mandated to sign
  • Two coloured passport size photographs for each signatory
  • Copy of PIN or VAT Certificate for the Partnership entity
  • Current copy of Business Permit issued by the County Government

  • Proof of business premise address (copy of recent utility bill under signatory’s name)
  • Completed account opening & debit card application forms (SB11B & ATM1)
  • 1,800 search fee payable on application
  • Minimum account opening and operating amount of Kshs.5,000 payable after search process is successfully completed
  • 600 debit card fee charged on application from account balance

Junior Trustee Account Opening Requirements

Caters for children below 18 years of age under the care of a guardian and a Public Trustee/Administrator co-opted to oversee funds management until the minor attains majority age.

  • Court order/Grant of Administration papers instructing opening of account
  • Original & copy of Valid Identification Document of each signatory (both Public Trustee & Guardian)
  • Two coloured passport size photos of each signatory (both Public Trustee & Guardian)
  • Copy of PIN Certificate for Guardian

  • Completed account opening & debit card application forms (SB11B & ATM1)
  • Minimum account opening and operating amount of Kshs.200
  • 600 debit card fee charged on application from account balance

Trust or Provident Fund Account Opening Requirements

Open to a Foundation or a legally constituted body registered under Trust Act

  • Copy of Relevant Trust Deed or Will
  • Copy of Information Memorandum OR Certificate of Incorporation where applicable
  • Original or certified copy of Power of Attorney to be acted on
  • Proof of address – copy of recent utility bill under the name of person mandated to sign
  • Original & copy of Valid Identification documents for signatories
  • Coloured passport size photos of each signatory
  • Copy of PIN or VAT Certificate for the Foundation

  • Copy of PIN Certificates of each signatory
  • Completed account opening & debit card application forms (SB11B & ATM1)
  • Kshs.1,800 search fee payable on application
  • Minimum account opening and operating amount of Kshs.5,000 payable after search process is successfully completed
  • Kshs.600 debit card fee charged on application from account balance

School Account Opening Requirements

  • Copy of Identification Document of signatories
  • Coloured passport size photos of each signatory
  • Account Opening Amount
  • Completed Account Opening Application Form
  • Copy of Certificate of Registration from the County Education Office
  • Proof of School address through Utility Bill.
  • School Board Resolution to open account.
  • Copy of PIN or VAT Certificate for the Business

  • Copy of PIN Certificates of each signatory
  • Completed account opening & debit card application forms (SB11B & ATM1)
  • 1,800 search fee payable on application
  • Minimum account opening and operating amount of Kshs.5,000 payable after search process is successfully completed
  • 600 debit card fee charged on application from account balance

Limited Liability Company Account Opening Requirements

  • Identification Documents of Directors mandated to sign
  • Coloured passport size photos of each signatory
  • Completed Account Opening Application Form
  • Copy of Memorandum and Articles of Association
  • Copy of Certificate of Incorporation
  • Copy of Certificate of Trading
  • Copy of PIN or VAT Certificate for the Company
  • Current copy of Business Permit issued by the County Government
  • Proof of Business address through Utility Bill

  • Copy of Annual Return submitted to Registrar of Companies advising names of Directors (for existing companies) and certified by the company secretary
  • Board Resolution duly executed by the Chairman and Company Secretary and the Company’s Seal embossed
  • Completed account opening & debit card application forms (SB11B & ATM1)
  • Kshs.1,800 search fee payable on application
  • Minimum account opening and operating amount of Kshs.5,000 payable after search process is successfully completed
  • Kshs.600 debit card fee charged on application from account balance