Diaspora Banking

As Head of Diaspora banking at ABC Bank, I’m happy to give you a brief personal background and introduction to ABC Bank, your home away from home!

Having previously lived and worked (in banking) in the United States for 16 years, I understand how important it is to have a reliable financial institution back home. Because many of my loved ones were in Kenya and I wanted to invest back home, I was always looking for a financial partner that would cater to my needs: round the clock, responsive customer service, reliable channels to remit funds, competitive interest and forex rates, investment opportunities and advice offered by vetted, reputable firms.

I came back to Kenya in 2016 and landed an opportunity to craft a unique diaspora banking experience with ABC Bank. Because I had been on the receiving end of banking services for many years, I dove right in, speaking to many of my friends and family outside the country, with the sole aim of curating a unique banking experience that goes beyond merely transactional interactions.

ABC Bank offers a range of diaspora banking products that are tailor-made specifically for our diaspora customers.

  • Our current and savings accounts are all interest earning, so that your money works for you round the clock.
  • Enjoy the convenience of managing your transactions through our robust mobile app and Internet Banking platform.
  • We offer a variety of reasonably priced loan facilities
  • Our interest rates on fixed, flexi-fixed and call deposits are simply amazing; comparable to the best in the market.
  • super competitive forex rates
  • We offer a wide array of remittance/money transfer options
  • We work with great partners to offer various investment products – whether property, stocks,  bills or bonds, you can trust us to offer you amazing deals with limited hassle.
  • We have developed a unique bouquet of affordable, accessible insurance products to cater for unforeseen bumps in the road of life e.g. death of family members in Kenya or the repatriation of a loved one who passes on outside the country.
  • Our team is available to you 24/7 and offers warm, personalized service. We tend to go out of our way for our customers a great deal, for example, purchasing air tickets for customers that need our help, or delivering Valentine’s gifts for loved ones. With us, you are family.

To keep me in touch with the needs of our customers, my Team tours various countries regularly, and we always look forward to meeting with Kenyans.

Feel free to browse through some of the articles we have written in the past about my unique diaspora experiences and insights.

If you’d like to chat with me further, please fill out the form and I will be in touch personally in 24 hours max.

I look forward to hearing from you!

Regards,

Joseph Waithaka

 

Below are our Diaspora Banking products, features and their benefits:

ABC Global Current Account

The ABC Diaspora Current Account provides an instantly accessible home for your money. It is designed with the financial flexibility you need to manage your day-to-day life and cater for your financial needs while in the diaspora.

Features & Benefits 

  • Opening and minimum balance of Kes. 5,000 and no ledger fees
  • No limit on deposits
  • A charge of Kes. 300 monthly for balances below Kes. 5,000
  • Issue of a Kenya Shilling or US Dollar Direct Debit MasterCard that you can use worldwide;
  • Cheque book available upon request
  • Secure and reliable Internet Banking that allows you to carry out RTGS, EFTs, SWIFTS, Standing Order Instructions and other bank requests giving you safe, and secure access to your money whenever you need it.
  • Competitive interest rates that accrue on a monthly basis and are credited to your account every six months; minimum balance to earn interest Kes. 10,000
  • Account also available in USD, GBP,EURO and S.A Rand
  • Customer determines the interest to be earned depending on their deposits. The higher you saves, the higher you earn.
  • Sweep facility gives you extra convenience by allowing you access to higher interest rates
  • Payment of various commitments via Internet Banking and Cheque
  • Free investment advise through ABC Capital, one of our Group Companies
  • Insurance services through ABC Insurance, another of our Group Companies
  • Ability to apply for Personal loans, Mortgages and Construction loans

ABC Global Salary Account

Our ABC Global Salary Account is a cost effective transactional account that allows you – the client – to transact throughout the month with ease and at very affordable costs.

Features & Benefits

  • Opening and minimum balance Kes. 2,000
  • Minimum Interest earning balance of Kes. 25,000
  • ATM Card and Cheque book issued on the account
  • Kes 100 monthly charges
  • Competitive interest rates that accrue on a monthly basis credited every six months
  • Account also available in USD, GBP,EURO and S.A Rand
  • Secure and reliable Internet Banking that allows you to effect EFT, Standing orders, RTGS, Interbank transfers etc at your convenience giving you free access to your money whenever you need it
  • Ability to apply for Personal loans, Mortgages and Construction loans

ABC Global Savings Account

Are you keen and serious about setting aside a portion of your liquid assets while you earn a monetary return? Then our ABC Global Savings Account is your best bet. It is designed to encourage you to save as you take advantage of the higher interest rate and flexible terms. The ABC Global Savings account is your home for the best savings interest rates.

Features & Benefits

  • Opening and minimum balance is Kes 5,000
  • Minimum interest earning balance Kes 10,000 or equivalent
  • Account also available in USD, GBP, EUR, S.A Rand
  • No cheque book and ATM issued on this account
  • Competitive interest rates
  • Unlimited deposits
  • Secure and reliable Internet Banking that allows you to carry out RTGS, EFTs, SWIFTS, Standing Order Instructions and other bank requests giving you safe, and secure access to your money whenever you need it
  • Free monthly statements
  • Free investment advise through our partner group of companies – ABC Capital
  • Insurance services through our partner group of companies – ABC Insurance
  • Ability to apply for Personal loans, Mortgages and Construction loans

YoungStar Account

Are you a parent to a minor between the ages of 0-18 years? If yes, then the Youngstar account is your best kids savings account to help you instill in your child the importance of saving right from an early. They will adopt a savings culture teaching them the value of money and how they can save for future purchases. 

Features & Benefits

  • Opening & Minimum Balance of Kes. 1,000 or equivalent
  •  Free Deposits to the Account
  • Free standing orders from any ABC Bank account
  • Account also available in USD, GBP,EURO and S.A Rand
  • Youngstar Card for the account holder
  • Secure and reliable Internet Banking that allows you to carry out RTGS, EFTs, SWIFTS, Standing Order Instructions and other bank requests giving you safe, and secure access to your money whenever you need it
  • Insurance services through our partner group of companies – ABC Insurance

How to open any ABC Global Account

  • Read our account opening guide here.
  • Download a copy of account opening check-list here. (You will need to send it with the other documents)
  • Click to Open and fill in the account opening form and Indemnity form.
  • Print, sign the form and courier all required documents to Diaspora Office.
  • Once your details are received, our staff will get in touch with you immediately.

Interested? Click here and our customer service representative will be in touch. You can also get in touch with us via +254 701 700 700 or email us on talk2us@abcthebank.com or diaspora@abcthebank.com