Best Banks in Kenya for Business and Personal Accounts

Choosing the best bank in Kenya to bank for business or personal boils down to a number of considerations such as assets, branch network, savings and loan offerings, interest rates, account fees, global services supported, and the range of financial products available. Based on our findings, below are the most popular banks in Kenya.


KCB Bank

KCB Bank is one of the largest banks in Kenya that offer various financial products such as savings accounts, investment services, debit and credit cards, payment and transfer services, insurance and loans. KCB is also available in Uganda, Tanzania, Rwanda, South Sudan, DRC, etc

KCB Bank

Equity Bank

Equity Bank is the most popular bank in Kenya. It has the highest number of bank branches in Kenya. Equity Bank offers a variety of financial services, including loans, insurance, E-banking, investments, corporate and institutional banking. Equity Group has bank subsidiaries in Kenya, DRC, Rwanda, Uganda, Tanzania, South Sudan, and Ethiopia.

Equity Bank

Cooperative Bank

Cooperative Bank is an ideal bank if you are into Saccos and group banking. It is one of the oldest banks in Kenya, primarily involved in investment and wealth management, deposits, retail banking, asset management, and loans.

Cooperative Bank

NCBA Bank

NCBA Bank is one of the fastest growing bank in Kenya. The bank provides a variety of financial services, including personal, medical, and asset insurance, digital banking, investment, personal and property loans, deposits, forex solutions, credit cards, and more.

NCBA Bank

Diamond Trust Bank

Diamond Trust Bank is a leading regional bank that operates in Burundi, Kenya, Tanzania, and Uganda. The bank is making significant investments in digital banking infrastructure to strategically improve its market penetration. Its products and services include banking, borrowing, debit and credit cards, insurance, and money transfers.

Diamond Trust Bank

Absa Bank

Absa Bank Kenya is a subsidiary of Absa Group Limited, an African financial services provider. Absa Bank, formerly Barclays Bank, is one of Kenya's leading financial institutions. The bank's main focus is on retail, corporate, investment banking, and wealth management.

Absa Bank

Family Bank

Family Bank was one of the first commercial bans first banks in Kenya to implement paperless banking using smart card technology, allowing users to transact without having to fill out deposit or withdrawal slips. The bank provides services such as personal loans and mortgages, digital banking, deposits (savings and current accounts).

Family Bank

Stanbic Bank

Stanbic Bank is a leading Africa-focused financial services organization. The bank offers a wide range of financial services, including insurance products, banking services, savings and investments, short- and long-term loans, transactional accounts, and foreign exchange.

Stanbic Bank

I&M Bank

I&M Bank is a commercial bank in Kenya that services the financial needs of large and small businesses, with a focus on large and medium-sized organizations, as well as individuals, with a preference for premium customers. The bank's financial services include commercial and personal banking, cards (debit, credit, and prepaid cards), loans, custody and investment services, and insurance.

I&M Bank

Standard Chartered

Standard Chartered Bank, sometimes known as Stanchart Kenya, is prominent in Kenya for cross-border banking. Many Kenyans in diaspora prefer using it. It provides a variety of local and foreign currency and banking.

Standard Chartered

National Bank

National Bank is a wholly owned subsidiary of the Kenya Commercial Bank Group. The bank provides various banking services, including accounts, loans, insurance, investments, debit and credit cards. On March 2024, KCB annaounced that it intends to sell National Bank to Access Bank PLC.

National Bank

Tips of Choosing the Best Bank

  • Branch Network: If your customers have to do in-person branch banking, then select a bank with several branches. For personal accounts, choose a bank with branches close to areas where you reside (that is, in your rural area and working area).
  • Customer Service: Consider the availability of customer support, including phone, email, and live chat options.
  • International Services: If you engage in online business, consider whether the bank supports global transfer services providers like Western Union, PayPal, intercountry transfers, SWIFT, etc. 
  • Fees Charged: Check if the bank charges any monthly or annual fees to maintain accounts or credit cards. 

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