Best Banks for Personal Banking in Kenya

5 Best Banks for Personal Banking in Kenya Today

Being wise in selecting the best bank for your financial service needs is a critical decision that can contribute significantly to your economic well-being. Now that there is a wide array of choices, you must look into each bank’s different offers, services, and reputations to pinpoint the one that best suits your needs. This compendium has been designed to offer an exiguous yet thorough study of top banks for personal banking; thus, you can make a well-informed decision.

Before we look at the top banks, our cost-free savings and investment calculator instrument is at your service, should you need one. By employing such a calculator function, you can understand how much you can save and at what growth rate this happens based on your current balance, monthly contributions, interest rate, and timeframe. You can visualize your end balance, total contributions, and interest earned by typing in your designated numbers. This calculator allows you to organize and adequately prepare your savings and investments to help you achieve your intended financial objectives.

Now, let us look at the best banks for personal banking in Kenya based on statistical analysis, factual information, valuable insights, and customer reviews.

1. Equity Bank Kenya

Best Banks for Personal Banking in Kenya

Equity Bank is a Kenyan bank well acclaimed for its commitment to financial inclusion and reputable customer service. Through a personalized banking approach, Equity Bank offers a diverse set of banking products that meet the unique needs of individuals. The lender has consecutively received the Best Bank of the Year in Kenya award in Think Business Banking Awards for the last 12 years. Moreover, it was awarded the SME Financier of the Year – Africa and Women Financier of the Year by the Global SME Awards in 2023.

Here are reasons why Equity Bank stands out as one of the best banks for personal banking in Kenya

1. Extensive Branch and ATM Network

Equity Bank has 191 highly reliable branches, 42,000 agent networks, and 422 ATM networks in Kenya to support customers’ access to the service. This geographical spread of the digital payment industry allows people to complete transactions seamlessly in cities or villages.

2. Innovative Digital Banking

Equity Bank has set the pace in digital transformation by providing modern mobile and online banking services. Equitel, a banking App from the bank with more than 1.5 Million subscribers, is the first Finserve’s mobile virtual network operator (MVNO) in the country to launch a 5G service. This app allows customers to carry out different banking procedures with their phones, buy via a visit, transfer funds, pay bills, or apply for a loan.

3. Affordable Loan Products

One of the product attributes that has become synonymous with Equity Bank is cheap loans, which apply to people with different financial requirements. The bank proposes individual loans, house loans, and asset financing alternatives with reasonable interest rates and favorable repayment periods. In 2023, with customers’ financial goals at heart, Equity Bank released Ksh 845.9 billion in loans, a show of trust in its customers.

Eazzy Loan is a product by the bank that enables clients to immediately borrow between Ksh 1,000 and Ksh 3,000,000 anytime from the comfort of their phone. In addition to such specialized lending products as the Ecomoto loan and the Pamoja Biashara Loan (for a group of 5+ members) with limits of between Ksh 20,000 and Ksh 50,000, the bank offers Equiloan for salaried individuals with a ceiling of Ksh 30,000 to Ksh 5Million. Moreover, it has many installments, credit cards, and salary advance loans.

Another excellent loan is the bank’s overdraft Boostika (much like Mpesa Fuliza services), which allows borrowing up to Ksh 100,000 from a phone. Business persons will be served with different affordable loans that the bank designed for small and medium enterprises.

4. High Customer Satisfaction

From the beginning, Equity has consistently been among the best banks in the country in terms of customer satisfaction levels. While doing thorough research using the search results of the SagaBrand survey, we found that Equity Bank received a net satisfaction score of 63%, which made it among the leading banks in the country. Customers` high satisfaction rate indicates the bank’s commitment to providing the best service and caring for its customers.

Related Read:6 Best Banks in Kenya for Investments

2. KCB Bank

Best Banks for Personal Banking in Kenya

One of the largest banks in Kenya, KCB Bank has won the hearts of many people as the second most trusted financial institution for personal banking services. KCB Bank Kenya is characterized by its unwavering focus on innovation and customer orientation, as it provides a comprehensive range of services and products that are designed to meet varied individual needs.

In particular, KCB Bank Kenya was declared the Bank of the Year in Kenya in 2023 by the Banker Magazine. It is this remarkable award that highlights the level of personal banking services, innovative solutions, and keeping the customers as the number one priority of KCB Bank.

Reasons why KCB Bank is one of the best banks for personal banking in Kenya

1. Extensive Branch Network

One of KCB Bank Kenya’s main strategic strengths is its vast network of 192+ branches throughout the country. It guarantees customers seamless access to banking services. Such a widespread presence facilitates the conduct of the transaction end-to-end, irrespective of whether users are based in urban or rural areas.

2. Digital Banking Excellence

KCB Bank has been a pioneer in the adoption of digital banking technologies, including offering mobile and online banking platforms that are on point. The KCB M-PESA, a mobile banking product, has secured a large client base with over 21 million registered users as of October of last year. This app allows clients to conduct numerous banking operations, such as fund transfers, payment for bills, and access to loans, from the comfort of their smartphone.

3. Competitive Loan Products

KCB Bank has a wide range of loan categories that are positioned to meet the different demands of individuals. The bank has personal loans that are well known for their competitive interest rates and flexible loan repayment. Personal loans include mortgage loans and asset finance options. In 203, KCB issued over Ksh 245 billion in phone loans, thus affirming its agenda of empowering its customers with adequate finances.

4. Strong Financial Performance

KCB Bank has repeatedly proven its strength through robust financial performance, which indicates a reliable business model and effective risk management strategies. In 2023, the bank recorded a net profit of Ksh 37.5 billion. This financial strength gives a notion of stability, enabling to take care of customer’s financial needs and risks.

Also Read:5 Best Insurance Companies for Savings in Kenya

3. Co-operative Bank of Kenya

Best Banks for Personal Banking in Kenya

Co-operative Bank of Kenya has successfully consolidated its rank as one of the major players in the personal banking sector by being customer-oriented and keying in the social responsibility factor. The bank’s dedication to offering financial services to low-income earners and developing innovative products has seen it acquire the trust of many Kenyans.

Co-op Bank has recently been applauded for its outstanding customer service, receiving the Overall Best Bank in Kenya in Customer Experience at the Kenya Bankers Awards. This acclaimed prize is evidence of the bank’s devotion to providing constant high-quality customer satisfaction as it came No. 1 in the Tier One category and won the Best Overall Bank at the same events.

Here are reasons why Coop Bank is one of the best banks in Kenya for personal banking:

1. Extensive Branch Network

Co-op Bank (K) has a spread of more than 193 branches across the length and breadth of the republic, enabling its clients to access its contacts conveniently. Besides, the bank will also launch 15 new branches in the country by the end of this year. Thanks to this widespread presence, customers can access the bank’s services smoothly in the city or the countryside.

2. Mobile Banking Innovation

Co-operative Bank of Kenya has embraced mobile banking technology, offering a user-friendly mobile app that enables customers to perform various banking transactions on the go. The bank’s app has gained popularity, with 5 million customers registered.

3. Affordable Loan Products

Co-operative Bank of Kenya has a vast collection of cheap loans, and the size and seasonality of the borrower are considered. The bank’s personal loans, mortgage loans, and asset finance options are known for their affordable interest rates and flexible repayment periods. In 2023, the bank issued over 374.2 billion Ksh loans, evidencing its dedication to helping customers fulfill their financial goals.

4. Strong Focus on Financial Inclusion

Co-operative Bank of Kenya strongly focuses on financial inclusion, offering products and services catering to underserved communities. The bank’s M-Benki product, for instance, allows customers to open and operate bank accounts using their mobile phones, promoting financial inclusion in remote areas.

Also Read:14 Best SACCOs in Kenya for Savings Today

4. Standard Chartered Bank Kenya

Best Banks for Personal Banking in Kenya

Standard Chartered Bank Kenya, a Kenya branch of the international banking giant, is now leading in providing personal banking services in the country. Innovation and the determination to attain the highest customer satisfaction are central to their services. Thus, the products and services offered by Standard Chartered Bank Kenya aim to satisfy the various needs of individuals.

In response to its above-expectations performance, Standard Chartered Bank Kenya has been awarded several prizes in 2023. It received the award of the best Bank in Treasury and Cash Management 2023 in Kenya by Global Finance Magazine, testifying to its proficiency in banking systems. On the other hand, it has been recognized as Best Trade Finance Bank in East Africa 2023 in Kenya by Global Trade Review, which underlines its past and current contribution to international trade.

In addition, Standard Chartered Bank Kenya is consistently applauded for making social responsibility its central goal. Business Monthly East Africa featured the bank as one of the Top 25 Companies Succeeding in Corporate Social Responsibility in 2023. The bank also received recognition for providing the Best Client Service in two categories: Partnering with the Kenya Bankers Association to give more space to PWDs and promoting a gender-inclusive environment, as highlighted at the Catalyst Awards in 2023. The awards show that Standard Chartered Bank Kenya is committed to providing customer-centric and inclusive service to all the bank’s clients.

Reasons why StanChart is the 4th best bank in Kenya for personal banking:

1. Extensive Branch Network

Standard Chartered Bank Kenya has an extensive network of over 22 branches spread throughout the country, so its customers can operate their accounts or open new ones from any of them conveniently. This availability allows customers to transact with no proximity-based restriction in urban or rural areas.

2. Digital Banking Excellence

Standard Chartered Bank, Kenya, has put much effort into digital banking solutions, and now the bank has some of the most advanced mobile banking and online banking platforms. The stability of SC Mobile app customers has improved with the addition of the facility to execute various banking operations, including bill payments, fund transfers, and loan applications, comfortably from their mobile phones.

3. Competitive Loan Products

Through Standard Chartered Bank Kenya, a wide range of customized loan products is available to people to cover their diverse requirements. The Bank’s offerings are well known for competitive interest rates and convenient repayments. These are personal tax loans, mortgage loans, and asset finance solutions. At the close of 2023, Standard Chartered Bank Kenya handed out more than Ksh 330.9 billion in loans, proving their willingness to assist their clients in meeting their financial objectives.

4. Global Presence and Expertise

Regarding global banking, Standard Chartered Bank Kenya, a subsidiary of Standard Chartered Bank Group, is among the lenders in the market that use the skills and resources of the parent company. Through the international scope of the bank, it is possible to provide trendsetting financial services and utilize the global best practices worldwide as a base concentrating on the refinement of customer satisfaction and experience.

Also Read: 6 Best Banks in Kenya for Investments

5. Absa Bank Kenya PLC

Best Banks for Personal Banking in Kenya

Absa Bank Kenya PLC, formerly Barclays Bank of Kenya, has had a long-standing presence in the Kenyan banking sector since 1916. With a strong reputation for customer service and financial expertise, Absa Bank Kenya PLC has emerged as a top choice for personal banking services.

Here’s why Absa Kenya is our fifth-best bank for personal banking in the country:

1. Extensive Branch Network

ABSA bank boasts 130 branches and agents within the country, making access to banking services for their customers seamless. Having a wide range of presence helps customers conduct transactions quickly and with no hindrance, whether in an urban or a rural area.

2. Digital Banking Innovation

Absa Bank Kenya (PLC) has adopted digital banking technology because it boasts a successful mobile app where clients can efficiently perform different banking transactions anywhere. The bank’s app has a commendable acceptance rate, gaining the admiration of 5 million+ users.

3. Competitive Loan Products

Absa Bank Kenya PLC caters to customers’ various needs through an array of loan products that are tailor-made for them. The bank offers loan products, mortgage loans, and asset financing with highly competitive interest rates and flexible payment conditions. In 2023, Absa Bank Kenya granted loans worth over Ksh 336 billion, which showed that the institution supported the monetary aim of its customers.

4. Strong Focus on Customer Service

Absa Bank Kenya PLC has an admirable reputation for meeting its target of providing quality services to customers. The bank has customer service teams with dedicated relationship managers and easier processes for customers to interact with the bank and handle their inquiries & complaints easily.

These banks represent the tops in the ranking of vessels, offering the broadest product-service range, extensive branch networks, dynamic digital solutions, and customer-centric principles. You can select the bank that will make your financial goals and ideas come true by being precise and attentive to your demands.

Don’t forget that our Savings and Investment Calculator is maneuverable in the decision-making process. By inputting your targeted savings, you can visualize the outcome to make the right decisions and consequently be on track to meet your financial goals.


Making the appropriate selection of a bank for personal banking is a decision of high significance as it directly affects your financial prosperity. In Kenya, institutions such as Equity Bank, KCB Bank, Co-operative Bank of Kenya, Standard Chartered Bank, and Absa Bank Kenya PLC emerge as preferred banks due to their services and competitive interest rates, and they offer them innovative digital solutions.

All banks have their characteristics and specialties. Evaluating your similar needs and preferences is the primary task when emphasizing personal banking. Considering aspects like accessibility, service range, professionalism, interest rates, and digital banking, you need to consider all of them.

However, our zero-cost tool, Saving and Investment Calculator, can benefit your financial plan because it helps you make plans and analyze better, thus reaching your goals.

When you find the right bank partner for your finances, coupled with potent financial planning tools, you can determine how to take off money affairs and lay a solid foundation for a strong future fiscal state.

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