Please see all the requirements to open a Business Account at I&M Bank
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Account Opening Requirements
Business Account Opening Requirements
| Duly completed and signed account opening form incorporating General Terms and Conditions |
| Board of Directors Resolution |
| ID/Passport of all signatories of the account (certified) |
| ID/Passport of the Chairman and the Board or at least one Director (Certified) |
| 1 passport photo of all signatories of the account. Digital photos are acceptable. In case you don't have, photos can be taken at the branch. |
| PIN certificate of all signatories to the account |
| Documentary evidence of the physical address of at least one director |
| References: One introductory reference |
| Memorandum and Articles of Association - Certified (Declaration of compliance to be provided where applicable) |
| Certificate of Incorporation (Certified) |
| Latest Audited Financial Statements ((Except for New Accounts) |
| PIN Certificate of Business Entity (Certified) |
| Company Search - Where search results are different from details provided, a letter from company secretary should be obtained. |
| Duly completed account opening form |
| Partners resolution |
| ID/Passport of all signatories of the account (Certified) |
| ID/Passport of at least 2 partners, one of whom must be a General Partner |
| 1 Passport photo of all signatories of the account |
| PIN Certificate of all signatories to the account |
| References: One introductory reference |
| Partnership Deed (Certified) |
| Certificate of registration (Certified) |
| Financial Statements |
| Business License (Certified) |
| ***Where the Partnership Deed is not provided, the Bank must be provided with a certified true copy of the partners resolution signed by all the partners confirming whether or not the partnership survives the death of a partner in terms of the Partnership deed |
| Duly completed Account Opening Form |
| ID/Passport of all signatories of the account (Certified) |
| 1 Passport photo of all signatories of the account |
| PIN certificate of all signatories to the account |
| References: One introductory reference |
| Certificate of business registration (Certified) |
| Financial Statements (audited or un-audited) for the prior financial year with approval by senior management un-audited |
| Duly completed and signed Account Opening Form incorporating General Terms and Conditiions |
| Executive committee resolution |
| ID/Passport of all signatories of the account (certified) |
| ID/Passport of at least two officials if different from signatories (certified) |
| PIN Certificate of all signatories to the account |
| Reference: One introductory reference |
| Constitution/Trust Deed/NGO charter (Certified) |
| Certificate of Registration (Certified) |
| In addition for NGOs |
| > A letter of authorization (signed by the Board Signatories as advised from time to time) from the NGO co-ordination Board (Under Ministry of Devolution & Planning) before opening/change of signatories and closing of an account |
| > A least one of the proposed signatories to the NGO account is a Kenyan Citizen and a resident at any given time. |
| 1 colored passport size photo per signatory member |
| Original IDs or Passport and copies of each signatory |
| Introduction from an existing customer or proof of physical address e.g. utility bills |
| Resolution/Minutes open account (for company, it must be companly letterhead) |
| Certificate of Chama registration from Social Development Office or company registration if group has a registered company |
| 1 coloured passport size photo per signatory |
| Original IDs or Passport and Copies of each signatory |
| Original individual PIN certificate and copy for each signatory |
| Introduction from an existing customer or proof of physical address e.g. utility bills |
| Resolution/Minutes to open account |
| Constitution/by-laws for the group |
| Duly completed account opening form incorporating General Terms and Conditions (Blank spaces crossed) |
| Executive committee Resolution or equivalent governing body |
| ID/Passport of all signatories to the account (Certified) |
| ID/Passport of at least two officials if different from signatories (certified) |
| 2 recent colour passport photos of all signatories to the account |
| PIIN certificate of all signatories to the account where applicable or equivalent for other countries (Certified) |
| Clearance certificate from Foreign Affairs ministry in Kenya |
| Work permit for the account signatories (for foreign nationals) |