Best Banks to Open Student Saving Accounts Online in Kenya 2024

Opening a student checking or saving account is a great way to gain control of your money in Kenya. A student checking account is an account that is made to precisely fit the needs of young adults who are in higher education. These accounts are essential for international students, tourists, and foreigners visiting Kenya.

Most financial institutions offer their banking services for students at reduced costs with additional benefits such as interest-free transactions. Banks are looking to establish loyalty with their customers. Therefore, banks provide some added benefits on these accounts.

Best Banks to Open Student Current and Saving Accounts Online in Kenya 2024

The following banks are the recommended banking institutions to open your savings or current accounts in Kenya for free in 2022:

ABSA Bank Kenya (Formerly Barclays Bank)
KCB Kenya Commercial Bank
Equity Bank
NIC Bank
National Bank
Gulf African Bank
First Community Bank

1. ABSA Bank Kenya: Student Account

ABSA Bank Kenya offers a current student account in Kenyan Shillings. The account is specifically designed for students above 18 years. The account includes access to a debit ATM card and internet banking services. The account has an opening and minimum operating balance of KES 1,000.

Visit ABSA Bank today via this link.

2. KCB Kenya Commercial Bank: Student Account

This account is suitable for university and college students. It lets you access your money across all KCB ATMs, as well as access to mobile and internet banking. The account has monthly fees and a minimum operating balance of KES 100.

To learn more about this KCB account, click here.

3. Equity Bank – Achievers Student Account

This is a convenient and transaction-friendly account suitable for college students. The account enables access to a debit ATM card and internet banking services. The student account requires no opening balance and no minimum operating balance.

To learn more about this college account, follow this link.

4. NIC Bank: Student Account

This is a current account for students. The account includes access to an ATM debit card and mobile banking services. The account has a minimum operating balance of 1000 Kenyan shillings.

Click here to learn more about this account.

5. National Bank: Student Account

This is an incredible account package for college students. The account includes ATM services, debit cards, and mobile banking services. No minimum balance is required, and no monthly fees. Create an account with National Bank today.

6. Gulf African Bank: Taleb Students Account

This is a student's account available KES. It’s a savings account specially designed for students. The account has an opening balance of KES 500 and no monthly fees. The account includes access to an ATM debit card.

To learn more about this account, click here.

7. First Community Bank: Student Account

This is a savings account in Kenyan shillings specifically designed for students. It has no monthly fee and has an opening balance of KES 1,000. The account includes access to an ATM debit card.

To learn more about creating a First Community Bank account, click here.