|
Barclays Business Solutions
Whether you are a Sole Proprietor starting your business, or a established business looking to grow, Barclays understands the pressures of running a business in a competitive and changing environment. Leveraging off our global footprint and expertise, it is our job to provide relevant and innovative products and services, and personal support, to help our customers succeed in starting, and growing their businesses. Our Business Solutions offering is constantly being enhanced to meet our customers changing needs. However our philosophy remains one of partnership as we recognise that your success is our success.
Business Solutions Current Account
The Barclays Business Solutions Current Account offers you the security of a bank account with convenient access to your funds at any Barclays Branch or ATM. In addition free monthly statements to assist you in tracking your business activities. A cheque book linked to this account offers the convenience of making payments without having to carry cash. Barclays has designed 3 flexible fee packages allowing you to select a package that best suits your business' unique needs. Barclays also offers a Foreign Currency Account facility (subject to individual country exchange control regulations) and a Community Account specifically designed for Non-profit organisations and NGO's.
To open a Business Solution Current Account you require:
- Company Registration Documents.
- No minimum opening balance is required.
- Monthly statements.
- Free chequebook.
- Free telephone banking.
- 10 Free transactions per month.
- Business Solution Current Accounts offer convenient ATM access via an ATM Card with a daily limit of KES 30, 000.
- A comprehensive guide to help you run your business more efficiently and effectively is available on request.
For a full list of requirements to open a Business Current Account please click here.
We have three different current accounts to suit your needs and pocket.
Pay as you go account Ksh 450 per month package:
Benefits
- Account maintenance fee.
- Free cheque book.
- Cash handling fee of 0.02% applicable
- Transaction fee applicable
Transaction account Ksh 750 per month package:
Benefits
- Account maintenance fee.
- Free cheque book.
- Cash handling fee of 0.02% applicable.
- Free Transaction fee.
- Free ATM fee where applicable.
Cash and Transaction account Ksh 900 per month package:
Benefits
- Account maintenance fee.
- Free cheque book.
- Free cash handling.
- Free transaction fee.
- Free ATM fee where applicable.
Business club membership automatic at a fee of Ksh 1,100 per month applicable for all the above accounts.
Business Solutions Savings Account
Saving is a reality of life, be it for a planned purchase, or security against those unplanned events. Barclays offer a range of saving accounts designed to give you the flexibility to choose the solution that best meets your needs. The Barclays Call Account offers competitive interest with convenient access to your funds at short notice. The Business Solution Savings Account offers competitive interest and convenient access to your funds by being linked to your Business Solutions Current Account. This account is available in local and foreign currency (where applicable). The Business Solution Bonus Savings Account offers bonus interest to a customer if there are no withdrawals from the account for a 3 month period. The Business Solution Fixed Deposit Account is for those customers looking for higher interest rates but who are prepared to commit their funds for a fixed period normally 1 month or more. This account is available in both local and foreign currency (where applicable).
- No minimum balance requirements for Business Solution Savings and Call Accounts.
- Interest paid monthly.
- Flexible statement frequency.
- Foreign currency options are not offered for Savings and Call Accounts.
- Fixed Deposits offered in both Local and Foreign currency.
- Fixed Deposit Accounts offer flexible terms of 1 – 12 months.
- A minimum opening balance of KES 100, 000 is required for Local Currency Fixed Deposit Accounts.
Business Solutions Loan
Access to finance to start or grow your business is one of the biggest challenges many business people face. Barclays recognise this challenge and offer both Secured and Unsecured lending solutions with flexible terms and competitive interest rates. On a case-by-case basis we are also able to assist customers with Over-draft facilities for working capital requirements, and Commercial Property and Asset Finance.
- You can borrow up to KES 500, 000 unsecured.
- Loan accounts have flexible 1 to 5 year terms.
- Dedicated team to process your application quickly.
- Loan accounts have a once off arrangement fee.
Our Lending Rates are;
| |
|
|
Current Rate |
New Rate |
| Business Loan |
Secured |
Business Club |
17.9% |
14.9% |
| Other |
18.9% |
15.9% |
| Unsecured |
Business Club |
20.9% |
18.9% |
| Other |
21.9% |
19.9% |
| Overdrafts |
Secured |
Business Club |
19.75% |
16.9% |
| Other |
20.75% |
17.9% |
| Unsecured |
Business Club |
20.9% |
21.9% |
| Other |
22.9% |
22.9% |
Home Loans
| Variable Rate |
Interest Rate |
| Local Business |
14%pa |
Barclays Business Club
The Barclays Business Club is a unique value add offered to Business Solution customers. Membership entitles you to the support of a dedicated Business Development Manager whose job it is to help you grow your business. As a Business Club Member you will also be able to attend the regular Business Club Seminars where you will be able to access in-depth business advice, and learn about the latest business trends, from respected business specialists and leaders. In addition the seminars provide you the opportunity to network with other business people, allowing you to sharing your experiences, and make valuable business contacts. Business Club Members also exclusively receive the quarterly InBusiness Magazine. This informative magazine provides insights into business activity in our markets, and informative articles on how to run your business even better.
To find out more about the Barclays Business Solutions offer...
Speak to a Business Development Manager or Business Customer Advisor at your local Barclays Branch. |
