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About Us

Who can open

All businesses such as Companies, Partnerships, Proprietorship, NGOs, Parastatals, Government, Corporations etc.

Features

Minimum Account Opening Balance Kshs. 10,000-
No minimum balance
Free monthly statement
Ledger fee of Kshs. 30- per entry Minimum Kshs. 300- per month
No over the counter cash payment charge
Competitive Tariff to save your banking costs
SMS Banking
Option to join TNB Internet Banking
Relationship Personnel to assist you

Why Current Account?

Congestion-free Banking Halls
Innovative Bank
Client Responsive Services
Internet Banking & SMS Banking
A wide range of payments, credit and collection products to suit business needs of both large Corporate client as well as Small/Medium business
Ambience conducive to give you maximum comfort
Competitive Tariff
Anywhere Banking from TNB network of branches
Internet Banking

Forex Accounts and Treasury Products

TNB offers a variety of foreign exchange products at very competitive rates and quality service.

Products

Kenya Shilling, US Dollar, EUR and GBP accounts
Internet banking Access to your account
Buy/ Sell Kenya Shilling against hard currencies for your transaction needs
SWIFT MT messaging for payment etc transactions for high security
Clearing services for foreign currency cheques payable in Kenya
Export/ Import Bills Collection
Inward and outward Letters of Credit
Guarantees
Investment service for Kenya Treasury securities

Contact Details

Please try our online chat with our treasury to get more clarifications
Email contact of Treasury Manager: treasury@tnbl.co.ke
Fax Attn: The Treasury Manager, Fax No. 254 20 252225

Fixed Deposit Accounts

You can invest amounts over Ks. 100,000.00 with us at a fixed rate of interest and a specified time period, to a TNB Fixed Deposit Account. At maturity, you are entitled to receive the principal amount as well as the interest earned at the pre-specified rate during that period. The rate of interest offered depends on the period length of the deposit and the amount invested. The interest is calculated on a daily basis and paid on maturity. On maturity the proceeds can be re-invested, paid to other accounts with TNB or paid as per your instructions.

There are three types of such accounts;

TNB Call Deposits Account

TNB Fixed Deposit Account

TNB Foreign Currency Deposit Account

Who can open

These account are an investment tools for all types of businesses such as Companies, Partnerships, Proprietorship, Parastatals, Government, Corporations etc.

Non-profit organizations like Clubs, Societies, and Churches

Features

Minimum Balance of Kshs. 100,000-

Usd 5,000-

Gbp 3,000-

Eur 5,000-

Duration: Call (minimum 7days), One Month to One year, Two to five years
Interest paid on maturity
No Cash Handling commission on fresh deposits.
NO charge on banker’s cheque payment on maturity.

SMS Banking

TNB’s SMS banking is your most practical access to your account information. You can get information on your Personal or Business accounts

Who can sign up

Mshahara accounts
TNB Personal Accounts
Mint Account
TNB Personal Current Account
TNB Current Accounts

Features

Enquire your account balance
Invest surplus funds in your current account in call deposit
Get Mini Statement
Chequebook request
Stop payment
Ledger fees query
Salary credits
Write free format message to the bank
Interest rate and base rate query
Query of transactions by amount, cheque number, etc
Receive notification of large Credit/ Debit
Receive notification of return of your customer’s cheque
Exchange rates
Interest installment
Notification of urgent call notice by the bank
Statement request
Amend or modify standing order
Notification of maturity date
Change your PIN for SMS access

Why SMS Banking?

Removal of hassle of visiting your bank for account information
Plan your visit to the bank based on account information obtained through SMS
Great saving of time
Highly convenient
Highest speed of getting service compared to any other mode
Access your account information even while roaming
Cut the painful waiting in the queue for account information and be in control of your account

Charges

Kshs. 10- per request.

Account Opening Requirements for companies

(The originals of the copies of documents asked for below are required for verification.)

A copy of passport of the account signatory

Two passport size colour photographs

Proof of address such as a copy of utility bill or Lease/Tenant Agreement

Introduction by

· TNB Customer, or

· Statement form current banker/former banker. or

· Other introduction acceptable to the bank. Please discuss other modes with the Personal Banker.

· Completed Account Opening Form for corporate (Can be downloaded on the internet in pdf form).

· Completed General Terms and Conditions of the Account

· TNB Internet Banking Application Form (Optional)

· SMS Banking Application Form (Optional)

· Copies of Incorporation Documents, resolution and mandate.

The signatories are required to come to the bank in person for identification, verification of documents and for signing Specimen Signature Card.

Welcome

TNB invites you to visit any of our branches and meet our Relationship Staff for any business need be it deposits, payments, bank services for imports/exports, foreign exchange, credit…you name it. Or just ask online help desk and our Relationship Staff will visit you to explain our products.

RTGS/KEPSS (REAL TIME SWIFT PAYMENT)

For urgent business payments of larger value, forget cash. Make realtime electronic payment in a most secured manner using SWIFT. This product provides same day / immediate value to the beneficiary. This is an interbank SWIFT money transfer in Kenya Shilling to beneficiary’s current account in any Kenyan bank.

Your customer does not have to wait for four clearing says to get their payment. Moreover this saves borrowing costs and hassles to your customer as he does not have to wait for four clearing days. Therefore it is a win-win deal for you and your customer. That way you win and retain your customer.

EFT (ELECTRONIC FUNDS TRANSFER)

Your business payments can also be made through Electronic Funds Transfer. It is safer compared to paying through a cheque. EFT provides next day value to the beneficiary. This is a Kenya Shilling Payment and saves wait of clearing days for your customer.

SWIFT Transfers

Pay for imports and receive payments for exports through TNB correspondent network. Your international remittances are handled through efficient and reliable banking channel. TNB remittances pass through Anti Money Laundering vigil checks.

DIRECT DEBITS

If you have to receive small value payments periodically from your customers, you can originate direct debits with us. TNB will approach bankers of your customers to take money from their account and deliver to you. Your customers will provide authority through you to their bankers.

Foreign Exchange

TNB Treasury offers spot, forward and SWAP contracts in currencies to suit your needs.

TNB SWAPs are a useful means of building shilling liquidity for working capital while conserving your export earning for forthcoming import payments. The give you the advantage of earning interest for your hard currency placed with TNB and you only pay interest on shillings liquidity raised from TNB at TNB’s base lending rate.

Bills for Collection

Our Trade services offer excellent service of Import and Export Bill Collection to any African country or elsewhere in the world.

Guarantees

Enhance credibility of your bid to a tender in Kenya through TNB Bid Guarantee. Obtain Advance Payment from your customer using TNB Advance Payment Guarantee. Give your customer TNB Performance Bond in support of your supply contract performance obligation.

TNB Financial Guarantee is an ideal instrument to facilitate your customs, excise, and Kenya Revenue Authority transactions.

Letters of Credits

TNB provides very fast service for Sight and Usance Letters of Credits upto a maximum usance period of 120 days from the date of Bill of Lading/Air Consignment. TNB provides fast service of LC Advising and in handling negotiated documents. Our service is backed by very fast document handling services of our select Correspondent Banks.
Factoring

A hassle-free debtor financing product to boost cash flow of traders who sell goods and services to top class East African companies

Who can benefit

Traders, manufacturers and Service providers selling services to essentially top class East African Companies on credit and who desire to sell the invoice to a bank

Product explained

The trader selling goods on credit to top class company can sell their invoice to TNB just like selling any other goods and services. As a result of the same, the trader no longer is creditor of the purchaser company and instead the bank becomes the creditor to the purchaser company. The bank acquired ownership of the invoice including the right to sue the purchaser company in bank’s own name in the vent of non-payment. The bank does factoring on with recourse basis and retains the right to sell the invoice back to the trader at any time at the bank’s sole discretion. Bank and the trader write a factoring agreement covering invoices covered under a limit.

Features

Invoices of up to 45 days maturity can be factored
Invoices of Kshs. 1 Million and under are factored. For larger invoices, special arrangements are required.
The purchaser company should be on TNB’s approved list. Pl. inquired with TNB Credit Officers to find out if your customer company is approved or not.
TNB does not factor invoices on Government and Parastatal companies generally
Factoring agreement is required to be signed
Trader submits invoice, a letter addressed to purchaser company advising them of sale/factoring of the invoice. The bank send the invoice to the purchaser company to record consent to the factoring and undertaking to pay to TNB. TNB releases the payment.
The process takes less than three-four days and thus an instant source of cash flow
Kenya Shilling Product and very small foreign currency window available.
If TNB is not your principal banker, the factor proceeds will be credited directly to your principal banker.

Why Factoring?

Competitively priced product
No other security required
Hassle-free mode of debt financing
Invoice is taken out from your debtor list

Charges

1% Factoring fee
Interest at TNB base rate

TNB overdraft

TNB overdraft a credit facility that is drawn from a current account on a debit basis (In other words, below zero) and must be granted by the bank before drawings are made. Overdrafts are generally a short-term facility used to temporarily increase cash-flow and allows you to spend the approved funds from your current account. You will only pay interest on the amount of debit balance in your account. The borrower pays back the amount overdrawn and the interest on the amount overdrawn.

Who can get this facility ?

All businesses such as Companies, Partnerships, Proprietorship, etc.

Charges

Annual appraisal fee of 1% for an overdraft facility.

The amount that an account can be overdrawn (limit) is agreed in advance between the current account holder and TNB

Interest is charged daily on an overdraft. The interest rate varies and can change daily. The amount of interest paid is dependent on how much the account is overdrawn by and for how long.

You should contact your bank branch if you wish to find out about overdraft facilities. Applying for an overdraft includes filling out a form and can also involve meeting with our branch officials.

Correspondent Banking

TNB has commenced this service for banks that require Internet Based Correspondent Banking services. TNB encourages East African Banks to sign up for the service as the service will enhance your ability to serve your clientele better.

Products

Kenya Shilling, US Dollar, EUR and GBP accounts
Kenya Shilling Clearing services
Internet banking Access to your account
Buy/ Sell Kenya Shilling against hard currencies for your transaction needs
SWIFT MT messaging for payment etc transactions for high security
Clearing services for foreign currency cheques payable in Kenya
TNB acts as your paying bank in Kenya
Export/ Import Bills Collection
LC advising in Kenya
Confirmation of LCs issued on Kenyan suppliers
TNB Deposit products including call deposits based on Repo market rates
Investment service for Kenya Treasury securities

Contact Details

Please try our online chat with our treasury to get more clarifications
Email contact of Treasury Manager: treasury@tnbl.co.ke
Fax Attn: The Treasury Manager, Fax No. 254 20 252225

	Tariff
	ATM & Debit Cards
	TNB Savings Account
	Mint Account
	Mshahara Account
	Personal Loans
	Personal Current Account
	Fixed Deposits
	Foreign Currency Accounts
	Electronic Funds Transfer-EFT
	SMS Banking
	Direct Debits
	RTGS
	SWIFT Remittances-TT
	ATM Locations
	Correspondents
	Contact us