Diaspora banking FAQs
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FAQs
What is a Diaspora Account?
Stanbic Diaspora banking account is a banking solution designed and specifically tailored for Kenyans living and working abroad and would like to bank and invest back home.
What are the benefits of Stanbic diaspora banking?
Stanbic diaspora offers a wide range of products choosing from accounts, home loans, investments, and insurance. In addition, you have a dedicated relationship manager to walk with you, access to Gold Visa card mailed to you at no extra cost, Easy access of your account through our free mobile and internet banking, Preferential foreign exchange rates and access to insurance solutions for your loved ones back at home.
Who is eligible to open Stanbic diaspora account?
All Kenyans above the age of 18 years and are living in foreign countries.
How do I open Stanbic diaspora account?
To open an account, use the self onboarding channel https://onboarding.stanbicbank.co.ke/ scroll through the individual accounts to select diaspora banking.
What type of loans are available for diaspora account customers?
Our diaspora account gives access to various loan options which include:
- Ordinary Home Loan
- Equity Release
- Vacant Land Financing
- Mortgage Top – up
- Construction loan
What are requirements to open Stanbic diaspora account?
You can open a Diaspora account with the following documents:
- Copy of your Kenyan National ID or Passport
- Proof of residence (utility bill or lease agreement)
- One monty statement from your current bank or a recent payslip
- Passport size photo
- KRA PIN Certificate
What investment options do I have as Kenya in the diaspora?
As a Kenyan, Stanbic diaspora account provides you with various investment opportunities which include; Fixed Deposits, Call deposits, Treasury Bills and Bonds, Money Markets.
How can I access my account while abroad?
We have a robust internet banking and mobile banking app that allows you to access and transact from your account.
I had an existing account before I went abroad, can I still operate the same account as diaspora account?
Yes, you can still operate the account while abroad. However, to benefit from the Diaspora solutions, you will need to sign a Diaspora fact sheet so that we can migrate you.
How do I fund my diaspora account?
Fund your account through Swift, World Remit and Mpesa
