Compare Student Accounts in Kenya

Student accounts are specifically designed for the needs of students. Many students must stick to a strict budget in order to keep up with tuition, rent, and other expenses. Therefore, choosing the right student bank account could save you money, as well as making your time at the university or college run more smoothly.

The following features are what you should look for:

  • Low minimums or no balance requirement. This is helpful for cash-strapped students, who may not always be able to maintain a large amount of money in the bank, or who may not have enough money to start a regular bank account.
  • Bank with branch locations/ATMs near campus, school or home. For the busy student, account access is often one of the primary criteria when it comes to choosing a student bank account.
  • Special/extra perks like access to student loans or overdrafts, debit/student credit card, freebies (cheques, statements, transfers etc), online or telephone banking , exclusive shopping discounts from selected merchants, insurance cover, dedicated student finance advisors etc.
Provider /Account Name Account Balances Account Operating Fees Other Features
National Bank
Student’s Account
  • Opening-Ksh 500.00
  • Minimum Operating-Ksh NIL
  • ATM Withdrawal-Ksh 30 per withdrawal
  • Interest Earning Balance-Ksh 5,000.00
  • Free Banker's Cheque for Fees Payment
  • Discounted international drafts / & transfer of funds (international school fees especially pre September period).
  • Discounts at Bookshops
  • 24-hour access to funds
Barclays bank
Student Account
  • Opening-Ksh 1,000.00
  • Minimum Operating-Ksh 1,000.00
  • No Account Maintenance fee
  • Low ATM charges.
  • For all students above the age of 18 years
  • FREE Visa Electron Card
  • Access to all the branches country wide
Bank of Africa
Students Savings Account
  • Opening-Ksh 5,000.00
  • No ledger fees
  • Ksh 100.00 school fees Bankers cheques
  • No over the counter withdrawals
  • For students of ages between 18-25 yrs
  • Easy access to funds
  • Half year statements
  • Minimum Operating balance to earn interest-Ksh 5,000.00
Family Bank
Scholar Account
  • Opening-Ksh 200.00
  • Minimum Operating-Ksh 200.00
  • No account maintenance fees
  • Free photo is captured on account opening
  • Free Bankers Cheque for fees payments
  • Free cash deposits
  • Personal Accident Benefit
  • Loans for students channelled from HELB can be channelled to the Scholar Account
Gulf Bank
Students Savings Account
  • Opening-Ksh 1,000.00
  • No ledger fees
  • Truly Halal and Absolutely Riba-Free!
  • free cash handling
  • Free cash transfers within GAB branches
  • Access to all our personal finance and investment products
  • Profit paid into account semi-annually
  • Profit paid into account monthly, provided that the account balance is above Ksh 10,000.00
  • Free ATM card
  • Four free bankers cheques for school fees annually
  • Free interim statements
First Community Bank logo
FCB STUDENT Savings Account
  • Opening-Ksh 1,000.00
  • Minimum Operating-Ksh 1,000.00
  • NO account maintenance charges
  • NO cash handling charges
  • Free internal transfers
  • Free half-yearly account statements
  • Preferential for foreign exchange transactions
  • Free bankers cheque for school fees or tuition, each term
  • Extended banking hours &open 7 days a week at selected branches.
  • Potential of earning good returns & increased annual returns based on a Bonus scheme

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NOTE: The products info on this page does not constitute financial advice, always do your own research on top to ensure it’s the right product for your specific financial situation and remember, we don't as a general policy, investigate the financial soundness of companies listed here. The rates and products displayed within these tables are updated on a regular basis however due to the dynamic nature of the market some product details and rates may be out of date. We therefore do not take any responsibility for the accuracy of the information supplied within the table although we will always make our best effort to ensure that the information provided is as accurate as possible. You should always check rates and terms with the product provider.