A bank account is an important tool for managing personal and household finances. It provides a secure place to keep money while making it easier to receive payments, save for future needs and meet day-to-day financial obligations without relying entirely on cash.
Beyond safekeeping, a bank account gives customers greater convenience and control over their finances.
With the rise in digital banking services, a digital account allows account holders to check balances, transfer money, and carry out transactions remotely, reducing the need to visit a branch for routine banking needs.
Having a bank account can also make it easier to access a range of financial services as individual needs change. These include receiving income, depositing cash or cheques, making payments or using a card for purchases.
For customers looking for a straightforward account with minimal costs, Equity Bank’s Ordinary Account offers a practical option.
The account has no minimum operating balance, no monthly charges and no ledger fees, making it suitable for customers who want to manage their money without regular account maintenance costs.
Customers opening the Ordinary Account can also opt into mobile banking and internet banking, giving them convenient access to their finances beyond the branch.
The account supports cash and cheque deposits, while customers can choose a payment card according to their needs, including prepaid, debit and credit cards.
Another benefit is the ability to access the account across the countries where Equity Bank operates. Customers can therefore continue managing their finances while travelling or living in another country within the bank’s network.
Equity Bank also provides round-the-clock customer support through 0763 063 000 or [email protected], helping customers get assistance when they need it.
Upon application, customers can receive an instant Mastercard or Visa card, providing an additional way to access and use their funds.
Who Can Open an Ordinary Account?
The account is available to individuals, registered groups and businesses, subject to the relevant account-opening requirements.
Individuals, whether opening an account singly or jointly, require an original identification document and KRA PIN.
Registered groups are required to provide their registration certificate, constitution, minutes of the resolution to open the account certified by the District Social Development Officer (DSDO), as well as an introduction letter from the DSDO.
On the other hand, registered businesses are required to provide documentation applicable to their particular business entity. Customers can obtain the specific requirements from Equity Bank.
How to Open the Account
Opening an Equity Ordinary Account is a simple process. Customers can download and complete the application form, then present the completed form together with the required documents at their nearest Equity Bank branch.
Once the application has been processed, the customer can begin banking and take advantage of the account’s range of services.
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