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Equity Bank Home > Faqs
Frequently Asked Questions
   
 
  1. Q.  What do I require to open an account at Equity Bank?
  2. Q.  How much do I need in my account to earn interest?
  3. Q.  How can I acquire an ATM card?
  4. Q.  What other services does Equity Bank offer?
  5. Q.  How much do I need to save to acquire a loan with Equity Bank?
  6. Q.  What security do I need to acquire a loan?
  7. Q.  What is the security of my money and what measures has Equity Bank put in place to ensure it remains stable?
  8. Q.  Who owns Equity Bank?

  1. Q.  What do I require to open an account at Equity Bank?
    A. 

    Equity savings Account

    • Original and photocopy of National Identity Card
    • Introduction by an Equity Bank customer or an employer.
    • Minimum account opening and operating balance of Ksh. 400/=

     

    Personal Current Account

    • Original and Photocopy of National Identity Card
    • Introduction from an Equity Bank customer or an employer.
    • Account opening balance of Kshs. 5,000/=

     

    Business savings Account

    • Original and Photocopy of National identity card
    • Original and two copies of certificate of registrations for registered businesses or certificate of incorporation
    • Original certificate of Memorandum and Articles of Association and a copy.
    • Board s resolution to open the Account
    • Signing mandate for the account
    • Introduction from an Equity Bank customer or employer.
    • Minimum account opening and operating balance of Ksh.1,000/=

     

    Business Current Account

    • Original and photocopy of National identity card
    • Original and two copies of certificate of registration for registered businesses or certificate of incorporation.
    • Original Memorandum and Articles of Association and copy.
    • Board s resolution or partners resolution to open an account
    • Signing mandate for the account
    • Introduction from an Equity Bank customer or an employer.
    • Account opening balance of Ksh. 5,000/=

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  2. Q.  How much do I need in my account to earn interest?
    A. 
    • Equity savings account Kshs.10,000/=
    • Business savings account Kshs.20,000/=

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  3. Q.  How can I acquire an ATM card?
    A. ATM card is available to all our customers on application at an affordable charge. You can deposit or withdraw 24 hours through our AutoBranch ATM Network countrywide.
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  4. Q.  What other services does Equity Bank offer?
    A. 
    • Trade Finance
    • Foreign Exchange
    • Asset Financing
    • Premium Financing

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  5. Q.  How much do I need to save to acquire a loan with Equity Bank?
    A. 

    You are not required to have any specific amount in your account:

    • Personal accounts - active for 3 months
    • Business-account - active for 6 months
    • Amount determined by ability to repay.

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  6. Q.  What security do I need to acquire a loan?
    A. Securities required are flexible and they include: title deeds, log books, life insurance premium certificates, shares of quoted companies, chattels mortgage. Other securities include regular remittances like salary, tea payments, pension etc.
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  7. Q.  What is the security of my money and what measures has Equity Bank put in place to ensure it remains stable?
    A. 

    Equity Bank enjoys high rating both locally and Internationally.

    Equity Bank is a public institution with international ownership associated with International Finance Corporation and European Investment Bank through AfriCap.

    Equity Bank is run by professional management team and a competent and qualified Board of Directors who have ably steered the Bank for over 20 years.

    Equity Bank is supervised and regulated by the Central Bank of Kenya and is also a member of the Deposit protection Fund Board which insures your deposits in the bank.


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  8. Q.  Who owns Equity Bank?
    A. 

    Equity Bank is a Public Company that is 83.55% owned by over 2,300 Kenyan share holders, 5.52% by AfriCap which is a consortium of international development investors, principally International Finance Corporation (IFC) and European Investment Bank (EIB) and 10.93% by Britak Investment Company Limited.

    Equity Bank will soon be Quoted on the Nairobi Stock Exchange (NSE) to give more Kenyans an opportunity to buy shares.


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