Account Opening Requirements

a) Personal Accounts

INDIVIDUAL ACCOUNT

  1. Original National Identity Card*/ Valid Passport.
  2. Recent Passport Size Colour Photograph.
  3. Verified Employment and/or source(s) of income.
  4. Where applicable, written confirmation from customer’s prior bank attesting to customer’s identity and history of account relationship (bank referee).

COOLKIDS ACCOUNT

  1. Original Birth Certificate of the minor.
  2. Original National Identity Card of parent*/ Valid Passport/ appointed guardian/Custodian.
  3. Custodian certificate where applicable.
  4. Letter from the parent authorizing the guardian to open an account.
  5. Recent Passport Size Colour Photograph of parent/ guardian and minor.
  6. Verified Employment and/or source(s) of income.
  7. Where applicable, written confirmation from customer’s prior bank attesting to customer’s identity and history of account relationship (bank referee).

STUDENT ACCOUNT

  1. Original National Identity Card* or Valid Passport or Birth Certificate( Under 18).
  2. Student ID or admission letter or introduction letter from institution.
  3. Recent Passport Size Color Photograph.
  4. Verified source(s) of income.

FOREIGN INDIVIDUAL ACCOUNT

  1. Valid passport
  2. Relevant permits:-
    • Work permit i.e. employed or in Business; or
    • Resident Permit i.e. no source of income in Kenya; or
    • Student Pass; or
    • Dependent Pass; or
    • Permanent Residence i.e. Renounced/ lost citizenship; or
    • Recognition letters from UNHCR and Department of Refugee Affairs
  3. Verified Employment and/or source(s) of income
  4. Recent Passport size colour photograph
  5. Where applicable, written confirmation from customer’s prior bank attesting to customer’s identity and history of account relationship (bank referee).

b) Business accounts

LIMITED COMPANY ACCOUNTS

  1. Memorandum and Articles of Association
  2. CR1 signed form ( In line with Companies Act 2015)
  3. Relevant CR forms in addition to CR1:-
    • Form CR 2 Model of Memorandum for a company with Share capital; or
    • Form CR 3 Model of Memorandum for a company limited by Guarantee; or
    • Form CR 4 Model of Memorandum for a company whose liability is unlimited; or
    • Form CR 5 Form of assent to a company application for registration of conversion of a Private limited company in Unlimited
  4. Original Certificate of Incorporation/E-citizen certificate of Incorporation with QR codes
  5. Board resolution to open an account and signing mandate on the company’s letter executed under company seal
  6. Pin Certificate/Tax Exempt certificate
  7. Identification documents of all Directors, and majority shareholder/s (over 5%)
  8. Recent Passport size colour photograph of account signatories
  9. Company search
  10. Verified source(s) of income
  11. Verified customer location/address i.e. call reports/visit,
  12. Where applicable, written confirmation from customer’s prior bank attesting to customer’s identity and history of account relationship (bank referee),utility bills or a referee
  13. Latest Financial Statements
  14. Latest annual returns and receipt
    NB: For any subsequent amendments in the company details CR12 will be required

COMPANIES INCORPORATED ABROAD

In addition to the above requirements for Limited Company Accounts;

  1. Certificate of Compliance issued by Registrar of Companies for companies that have representative office in
  2. Power of Attorney stating the mandate to the local branch representative(s)
  3. Notarized passport copies of all the directors
  4. All the documents have to be notarized. Notarization should not exceed 3 months from the date of notarization.

REGISTERED SOLE PROPRIETORSHIP

  1. Certificate of registration/E-citizen certificate of registration with QR codes
  2. Original National Identity Card*/ Valid Passport of proprietor
  3. Recent Passport size colour photograph of proprietor
  4. Pin Certificate of the proprietor
  5. Business name search
  6. Verified source(s) of income
  7. Verified customer location/address i.e. call reports
  8. Where applicable, written confirmation from customer’s prior bank attesting to customer’s identity and history of account relationship (bank referee) utility bills, and referee etc.
  9. Latest Financial Statements

CHAMA AND WELFARE GROUPS

  1. Registration certificate of the group if registered
  2. Original National Identity Card*/ Valid Passport of all the officials and signatories as specified in the latest election minutes certified by the Registrar of Societies
  3. Constitution of the group
  4. Minutes of the group detailing a resolution to open an account with BOA
  5. Recent Passport size colour photograph of the signatories
  6. Verified source(s) of income
  7. Verified customer location/address i.e. call reports, utility bills, and referee etc.
  8. Where applicable, written confirmation from customer’s prior bank attesting to customer’s identity and history of account relationship (bank referee)

TRUST ACCOUNTS

  1. Certificate of incorporation/ E-citizen certificate of incorporation with QR codes
  2. Original Trust deed (Registered under the ministry of lands)
  3. Pin certificate or Tax exempt certificate
  4. A resolution by the trustees to open an account in Bank of Africa
  5. Official search on the formal documents concerning the Trust
  6. Identification documents of the trustees
  7. Recent Passport size colour photographs of the authorized signatories
  8. Verified source(s) of income
  9. Verified customer location/address i.e. call report
  10. Latest Financial Statements
  11. Latest annual returns where applicable.

SOCIETIES/CLUBS

  1. Registration certificate from the registrar of societies
  2. Recommendation letter from the registrar of societies, Minutes and committee’s resolution to open bank account in Bank of Africa
  3. Copy of Constitution detailing rules, By laws signed by members
  4. Identification documents of all the board members and signatories
  5. Minutes and committee’s resolution to open bank account in Bank of Africa
  6. Recent Passport size colour photographs of the authorized signatories
  7. Verified source(s) of income
  8. Verified customer location/address i.e. call reports, utility bills, and referee etc.
  9. Where applicable, written confirmation from customer’s prior bank attesting to customer’s identity and history of account relationship (bank referee)
  10. Latest Financial Statements.

REGISTERED PARTNERSHIP ACCOUNT

  1. Original National Identity Card*/ Valid Passport of registered partners/ controllers/ signatories
  2. Certificate of registration/ E-citizen certificate of registration with QR codes
  3. Partnership Deed
  4. Business name search
  5. Recent Passport size colour photographs of the authorized signatories
  6. Partners resolution to open an account with Bank of Africa
    • Pin Certificate of the main partner
    • Verified source(s) of income
    • Verified customer location/address i.e. call reports, utility bills, and referee etc.
    • Where applicable, written confirmation from customer’s prior bank attesting to customer’s identity and history of account relationship (bank referee)
    • Latest Financial Statements

SCHOOL ACCOUNT

  1. Certificate of registration from Ministry of Education
  2. Certificate of incorporation (Company)/ E-citizen certificate of incorporation with QR codes
  3. Memorandum and articles
  4. Board resolution to open an account and signing mandate
  5. Business name search
  6. Pin Certificate
  7. Identification documents of Principal owner(s), Chair of the board, Head teacher and authorized signatories of the school
  8. Recent Passport size colour photographs of the authorized signatories
  9. Verified source(s) of income
  10. Verified customer location/address i.e. call reports, utility bills, and referee etc.
  11. Where applicable, written confirmation from customer’s prior bank attesting to customer’s identity and history of account relationship (bank referee)
  12. Latest Financial Statements
  13. Latest annual returns and receipt (where applicable e if the school is registered as a limited company.)

RELIGIOUS ORGANIZATIONS

  1. Certificate of Registration
  2. Resolution from the organization council or committee to open account
  3. Constitution of the organization or formation documents i.e. Rules, By Laws
  4. Identification documents of the Chair, Treasurer, Secretary, Main Pastor/Priest/Imam/Sheikh/Church Leader and authorized
  5. Recent Passport size colour photographs of the authorized signatories
  6. Pin Certificate
  7. Verified or source(s) of income
  8. Verified customer location/address i.e. call reports, utility bills, and referee etc.
  9. Where applicable, written confirmation from customer’s prior bank attesting to customer’s identity and history of account relationship (bank referee)
  10. Latest Financial Statements
  11. Latest annual returns and receipt (where applicable i.e. if the church is registered as a limited )

HOSPITALS/ CLINICS

  1. Certificate of registration from the Ministry of Health
  2. Certificate of incorporation (Company) and memorandum and articles
  3. Board resolution to open an account and signing mandate (certified by appropriate government authority if a public hospital)
  4. Business name search
  5. Pin certificate
  6. Identification documents for Chairman and the Board of Directors, Managing Director and authorized signatories
  7. Recent Passport size color photographs of the signatories
  8. Verified customer location/address i.e. call reports,
  9. Verified source(s) of income
  10. Where applicable, written confirmation from customer’s prior bank attesting to customer’s identity and history of account relationship (bank referee), utility bills, and referee etc.
  11. Financial statements

NON-GOVERNMENTAL ORGANIZATIONS (NGO’S)

  1. Registration certificate
  2. Introduction letter from the NGOs Co-ordination Board
  3. Constitution of the organization
  4. Business name search
  5. Pin certificate
  6. Board minutes and resolutions to open an account and signing mandate
  7. Identification documents of the authorized signatories
  8. Recent Passport size colour photographs of the signatories
  9. List of main Donors
  10. Verified source(s) of income
  11. Verified customer location/address i.e. call reports, utility bills, and referee etc.
  12. Where applicable, written confirmation from customer’s prior bank attesting to customer’s identity and history of account relationship (bank referee)
  13. Latest Financial Statements
  14. Latest annual returns and receipts.

PARASTATALS

  1. Act of Parliament on formation of the parastatal
  2. Memorandum and articles of association if formed under companies act
  3. Board resolution to open an account and signing mandate (certified by appropriate government authority)
  4. Introduction letter from the National Treasury signed by the cabinet secretary
  5. Gazette notice for the establishment of the parastatal
  6. Pin certificate
  7. Verified customer location/address i.e. call report
  8. Where applicable, written confirmation from customer’s prior bank attesting to customer’s identity and history of account relationship (bank referee), utility bills, and referee etc.
  9. Verified source(s) of income
  10. Latest Financial Statements.

EMBASSIES/CONSULATES

  1. Certified copy of multilateral agreement between the government and an international body or any other document evidencing establishment of the institution
  2. Resolution to open and operate account and operating mandates
  3. Letter from the ambassador or the country’s ministry of foreign affairs to open account with details of signatories and their
  4. Printout of the embassy and ambassador details from the country’s ministry of foreign affairs
  5. List of current office bearers signed by authorized persons
  6. ID/Valid passports copies of the ambassador and the signatories
  7. Passport photos of the signatory
  8. Utility bill
  9. Copies of IDs of all Office bearers
  10. Dully filled account opening forms

CORRESPONDENT BANKING

  1. Memorandum and Articles of Association
  2. Certificate of Incorporation
  3. Board resolution to open an account and signing mandate on the company’s letter head bearing the company seal.
  4. Tax Identification Certificate
  5. Shareholders Structure
  6. Identification documents for Directors, and the majority shareholder(s)
  7. Trading Certificate – for a Public company
  8. List of names and specimen signatures of authorized signatories
  9. Passport photos for signatories
  10. Duly filled account opening form
  11. Dully filled Bank of Africa Kenya Limited Anti-Money Laundering questionnaire
  12. Latest Financial Statements
  13. Address of the current residence verified by a utility bill i.e. electricity or water bill

(All the documents have to be notarized and notarization should not be more than 3 months from the date of notarization)

Note:

  • Primary identification document for Kenyan citizens will be a Valid Identification card.
  • For E-citizen certificates with QR codes, verification will be done through scanning the code to authenticate the
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