Diaspora banking services are offered to Kenyans living and or working from abroad.
Local commercial banks back home can keep your current,savings or fixed deposits accounts, give out loans, provide investment services while you are away.Do you know that not all those who travel abroad know where to get diaspora banking services?
Early in this year(2017), I received a call from one Mr Joseph who came back to Kenya in August last year(2016).Joseph was asking for advisory services on where he can get financing for his poultry project. I asked if he had any relationship with a local commercial bank while in the US.He said no because before he left, he had banked with a lender that never provided diaspora banking services. This made his credit score drop immensely due to accounts remaining inactive for long.Bad!!
Investment companies doing well in Kenya currently incclude;
Early in this year(2017), I received a call from one Mr Joseph who came back to Kenya in August last year(2016).Joseph was asking for advisory services on where he can get financing for his poultry project. I asked if he had any relationship with a local commercial bank while in the US.He said no because before he left, he had banked with a lender that never provided diaspora banking services. This made his credit score drop immensely due to accounts remaining inactive for long.Bad!!
Investment Companies In Kenya
Majority of the Kenyans who fly abroad like investing back home.You can do this independently or with the help of companies that deal in investment matters.Investment companies doing well in Kenya currently incclude;
- Olympia Capital Holdings- investing in construction and real estate
- Centum Investment- investing in diversified activities like agriculture, real estate, health among others.Call +254709902000 or +254722205339
- TransCentury - investing in infrastructure
- Home Afrika - investing in property development
- Kurwitu Ventures-- investments that are Sharia compliant
For Kenyans working in the US,you can choose to join Kenya USA Diaspora Sacco and invest home easily.
Banks with diaspora accounts
Whether you want to invest back home or simply looking for banking services while in a foreign country, a bank is the right partner.Transacting through your bank while in a far away country keeps your credit score good.Don't be like Joseph, if you have a relative abroad or planning to travel abroad soon,these are the banks n kenya to join to access diaspora banking services;
1. Equity Bank Diaspora Services
The lender provides money transfer services,investment services,insurance services and loans to diaspora account holders. While abroad one can open a current, savings,fixed/call deposit or children account in local or in major foreign currencies.
Call +254763026481 or +254763063000
2. Coop Bank Diaspora Banking
The Cooperative Bank of Kenya help invest back home,get loans,transfer money home and insure against risks while abroad.Coop Bank diaspora accounts include; current, savings,fixed or call deposit and children accounts.
Call +254711049950,+254711049467,+254711049332 or +254711049972
3. KCB Diaspora Banking
KCB diaspora banking account holder services include; mortgage plans,travel insurance, KCB investment plans,money transfer services and Islamic banking services.
Call +254732187000 or +254711087000
4. I&M Diaspora Banking
The bank's diaspora services are opening accounts,remitting money home,investing in property, investment management services and insurance services.
Call +254719088019,+254719088687,+254719088000,+254732100000 or +254753221000
5. Gulf African Diaspora services
Gulf African Bank diaspora account holders can transfer money back home, enjoy forex services,access to mortgage plans and get investment services .
Call +254711075000
6. National Bank Diaspora services
The bank provide various account options for Kenyans in the diaspora including ;diaspora current account, Savings Ahadi account, diaspora wekeza account and NatConnect - online banking. Account holders can access mortgage plans and transfer money back home from abroad.
Call +254703088900 or +254732118900
7. NIC Bank Diaspora Banking
NIC Bank Diaspora account holders enjoy services like loans,foreign currency accounts and exchange, money transfers,mortgage plans and investment management.
Call +254711041111 or +254732141111
8. Chase Bank For Diaspora
Chase Bank peovides Savings and fixed deposit accounts.Account holders enjoy foreign currency accounts,loans,insurance, internet banking services sending money back home,investing in property and shares.
Call +254709800000 or +254730175000
9. CBA Diaspora Banking
Commercial Bank of Africa provides diaspora account opening services,diaspora loans,foreign currency services,money transfer services, mortgage plans and investment & advisory services.One can open a current, savings or investment diaspora account.
Call +254711056444 or +254732156444
10. Family Bank Diaspora Banking
Family Bank diaspora services are safe custody, mortgage plans,loans and buying or selling shares home.Diaspora accounts include ; mkenya daima current account, mkenya daima savings account and fixed or call deposit account.
Call +254714822962
11. Credit Bank Nyumbani Account
Nyumbani diaspora account holders enjoy investment opportunities home,money transfer home and foreign currency accounts.
Call +254709072058
12. ABC Global Accounts
ABC provides the following global accounts; global current account, global salary account, global savings account a and global young star account. Diaspora account holders enjoy the following services; investment management, foreign currency services,insurance services,mortgage plans,loans and money transfer services.
Call +254 701 700 700
Email ; diaspora@abcthebank.com or talk2us@abcthebank.com
Be sure to share.It helps to do banking home while away.
Thanks for visiting.
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KCB is one of the worst banks to get a loan with as a diaspora person. Talk about prolonged ancient paperwork, old timer Notarization which takes so much time, hidden ledger fees and representatives that do not understand diaspora. If my due date lies on a weekend or a holiday and I deposit that money a day after since it’s a weekend they get the money next business day they charge late fee just because the money was not there on Saturday. That’s a scam. All financial institutions have 5 days grace period with in mind the customer is on a different time zone and the money might delay due to time difference. KCB does not care about diaspora. This is the worst bank diaspora should not use KCB.
ReplyDeleteI second these sentiments. They are awful, including their diaspora relationship managers. They ask for notarized paperwork to apply for loan facilities, and while you will take time to put these together, once submitted the communication becomes zero. They might initiate the loan and if lucky, the email might have the mortgage advisor's contacts. But even then, when you request for updates, neither the advisor nor the relationship manager copied respond. I went through this and after 1 year, the relationship manager came back with apologies, and requested that I resubmit the paperwork again as previous ones had lapsed in the course of time. As you might have already guessed, once I submitted, the cycle has remained the same. A very unprofessional attitude. No response, no acknowledgements, No feedback. Do NOT waste your time. Find something better to do with your time and move on to another more professional bank
ReplyDelete