SME Account

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This account gives you peace of mind with flexible and convenient business transactions


  • Minimum opening balance of Kshs 5,000
  • No minimum operating balance
  • Minimum monthly service fee Kshs 300
  • Ledger fee per transaction Kshs 35
  • Over the counter withdrawal Kshs 200


  • No cash handling fees
  • Access to online banking as per the bank’s tariff
  • Unlimited withdrawals
  • Access to loan facilities and overdrafts
  • Cheque book available


  • Passport photo (s)
  • Copy of National IDs
  • Documents of proof of residence
  • Company registration
  • Pin Certificate

Frequently Asked Questions

Who can open an SME Current account?

This account can be opened by small and medium business enterprises with daily banking needs.

How much does it cost to open an SME Current account?

Minimum opening balance for this account is Kshs. 5,000.

What is the minimum operating balance for this account?

The SME Current account has no minimum operating balance.

How much is ledger fees?

This account has low and affordable ledger fees of Kshs. 35 per item, minimum amount charged per month is Kshs. 300 and a counter withdrawal fee of Kshs 100.

Can I open a BOA Current account if I have foreign currency?

Yes. This can be opened in the major foreign currency (USD, GBP & EURO) as well as local currency.

Do I get an ATM Debit card when I open a Current account?

Yes, the account entitles you to an ATM Debit card.

How much will I be charged if I use a Cheque book to withdraw cash?

There are no over the counter charges when withdrawing using a Cheque book.

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