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When you open a business club account with Barclays Bank Kenya, you will get an automatic membership into the Business Club and access to extended banking hour. Barclays Bank has 119 outlets and over 230 ATM country wide.
With Business Club Account you are allocated a dedicated business development manager who will assist you with banking matters relating to your business.
Freebies
You won’t have to pay for monthly statements as it’s provided for free. Well that’s not all, you will also get a Free Copy of the Barclays In-Business Magazine, Free Seminars, Free scheduled statements and Free transfers. Not bad at all, you’ll be able to save some few shillings.
Cost:
The Business Club Account will have a one Flat Fee of Kes 2,500 per month. This might be expensive for a small start-up business. This product seem to be more targeted towards Small Medium Enterprises and maybe Corporations.
Additional
You will get a Cheque Book for your business, gain access to exclusive Barclays Club Suites. Once you become an account holder, you will be able to get preferential rates on Loans & Deposits. You will also get priority Access to International trips.
Sole Proprietorship Business Account Requirements
If your business is Sole Proprietorship, you will be required to provide the following information in order to open a business bank account with Barclays Bank;
- Original certificate of business registration and copy
- Original I.D./passport and copy
- Original KRA PIN certificate and copy
- 1 passport size photo
- Account holder/introduction by a Barclays bank a/c holder lawyer.
- Kshs. 100 for revenue stamp
- Cash deposit to open an account
Partnership Business Account Requirements
- Original certificate registration /copy
- Original I.D. /passport and copy
- 1 passport size photo each
- Constitution (rules and regulations)
- Minutes specifying the signatories
- Letter from the registering office confirming the registered officials
- Kshs. 100 for revenue stamp
- Introduction by account holder if an account holder/utility bill/bank statement
- Cash deposit to open account
Limited Company Business Account Requirements
- Original certificate of incorporation and copy
- Original memorandum and articles of association and copy
- Original I.D. /passport and copy
- Original pin certificate and copy
- 1 passport size photo each
- Account holder/introduction by Barclays bank ac/holder, lawyer
- Resolution specifying the signatories and signing powers on company letter head with company seal
- Company seal
- Kshs 100 for a revenue stamp
- Cash deposit to open account
