pile of coins at bank

Bank Woes: Does Your Bank Make You Smile?

Today, I have a number of banking transactions to perform. Most of these are to be performed on a couple of accounts I hold with Standard Chartered Bank Kenya, while one of these transactions is to be performed on an account I hold with Kenya Commercial Bank. Despite the disparity in number (and complexity) of the transactions that I have to perform at each bank today, I can safely say that the one transaction to be performed at Kenya Commercial Bank—despite it being a very minor transaction—will probably take more than twice the amount of time (and hassle) than the plural transactions that I need to perform at Standard Chartered Bank. Needless to say, the service that Standard Chartered Bank provides me makes me smile, while the service I get from Kenya Commercial Bank doesn’t.

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How about you, dear reader? Are you happy with the service that your bank provides you? Or are you unhappy with it? Of the two banks that I bank with, I am extremely happy with Standard Chartered Bank because of their modern and efficient service. I love that I can bank primarily through their vast network of ATMs and on the phone, with their customer care service. Rarely do my banking transactions with Standard Chartered Bank require that I visit their banking hall in person. Banking with Standard Chartered Bank is, for me, usually very fast and extremely efficient. It’s banking just the way I like it!

Banking with Kenya Commercial Bank

My experience with Kenya Commercial Bank, on the other hand, is the complete opposite. Believe it or not, when I first opened an account with Kenya Commercial Bank ten years ago, the banking forms that I had to fill to perform the simplest banking transactions had to be filled in triplicate. Yep, believe it or not! At the beginning of the 21st century, Kenya Commercial Bank was still using forms that needed to be filled in triplicate! The last time I had seen forms like that must have been sometime in the eighties. Wow! That definitely took me by surprise.

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And then, I woke up the next morning and started to do the math. How much exactly was this going to set me back financially? I checked online and realized that a return ticket to Johannesburg would set me back upwards of US$ 700. And that was just the flight. Oops, it was time for me to start backpedaling.

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But…that’s not what irks me most about the service I receive from Kenya Commercial Bank. Rather, what truly bothers me is the amount of time I have to spend to complete even the most basic transaction. I have a savings account at Kenya Commercial Bank (note: I also have a savings account with Standard Chartered Bank) and so do not have an ATM card for that account (though I do have one for my savings account at Standard Chartered Bank). Anytime I want to deposit to this account therefore (a transaction I do at least once a month—and no, dear reader, a standing order would not apply here), I have to wait in a long line and deposit over the counter—a process that often takes over an hour (except when I happen to be in Karen and seize the opportunity to bank at Kenya Commercial Bank’s Karen Branch). I wish Kenya Commercial Bank would offer me the facility of depositing into my savings account using an ATM just like Standard Chartered Bank does!

Well, that’s my experience with the two banks that I bank with in Kenya.  Before I end this post and close my discussion on banking, I would like to mention a banking service that I do not subscribe to personally but one that has definitely caught my eye. That service is MOVE by NIC Bank.

Four colored piggy banks with the pink one winking


Although I am not a client of MOVE, I think MOVE offered Kenyans (and those living in Kenya) a product that was truly unlike anything else available in the retail banking sector until then. With the original flat fee account (that competitor banks then copied in droves), to the long banking hours that it offered its customers (MOVE banking halls are open until 8 p.m. on weekdays) MOVE seems to me to be a banking product that is truly sensitive to its clientele.

When MOVE first appeared on the market about a decade ago, and it seemed as though everyone was moving to MOVE, I was often astounded by first-hand tales from MOVE customers about what length their bank would go to satisfy their banking needs. My favorite story was told to me by an ex-colleague whose ATM card was swallowed on a Saturday afternoon as she was withdrawing money before heading out of town for an overnight trip. Not wanting to cancel her trip, she headed to the nearest MOVE office to see what could be done (yeah, MOVE offices open on Saturday afternoons or at least they did at the time).

Once at the MOVE office, she was told that she could not withdraw money directly from her bank account. Still, if she were to sign an instruction authorizing MOVE to transfer the required amount from her account to the representative’s account, to be effected first thing on Monday, then the representative said she would be happy to give my ex-colleague the money she needed in order to proceed with her trip. Of course, my ex-colleague did not hesitate. This is how she managed to proceed with her overnight trip with less than a two-hour delay after her ATM card had been swallowed.  I don’t know about you, but if my ATM card were swallowed on a Saturday afternoon, I don’t think my bank would have anything to do with me until Monday morning. How is that for customer focus?!

Well, those are all the experiences (and thoughts) I have to share about banking in Nairobi (and Kenya). Do you have banking stories and opinions that you would like to share with me and fellow readers? If so, please drop me a comment so that we can all be better informed in our banking choices.

For now, allow me to end this post wishing you great financial abundance and wonderful customer-focused banks to take care of your wealth.

Until the next time,

P.S. To be sure not to miss future posts on ChickAboutTown, sign up to receive posts directly by email.

Photo Credit: exsustrust.com; mozo.com.au

9 thoughts on “Bank Woes: Does Your Bank Make You Smile?”

I’m a Move client and very happy with their service. That said I joined them because I was told they had internet banking – which in theory they do, but in reality all you seem to be able to do is move money between your own accounts. I’ve yet to find a bank in Kenya where I can pay bills online – transfer money to other vendors (why do I have to go to booking office in person to pay a 50% deposit for a weekend away). This is the 21st Century for goodness sake – why do we ever need to go into a banking all?

Hi Eugene.

Welcome to ChickAboutTown! 🙂

I am not sure I totally understand your comment. What exactly do you want to know more about? Or do you just mean, you are interested in me writing more posts like this?

Thanks for your feedback!


Hear, hear, Will!

Hi. Welcome to ChickAboutTown! I totally agree with you about never wanting to have to go into a banking hall. It is the 21st century! That said, I don’t know whether, in Kenya, we have a bank that has the kind of Internet banking that you describe. Can anyone out there shed any light on this?

If any Kenyan bankers are reading this post, is this something that we can expect in our market soon? If you are in the know, could you tell us why we don’t already have this service available?

Looking for some answers and postive change,


I have been planning to right a post about KCB for quite sometime…just stumbled across this and it seems you’ve saved me the trouble.

I do most of my transactions at their Village Market branch and they are painfully slow. I don’t even go into their Sarit Centre branch anymore because lining up for half an hour because only two of the 12 or so counters are manned may cause me to flip and attack somebody.

I recently opened an account with Chase Bank VM and so far so good. They have good opening hours (close at 5pm weekdays and also open on Saturdays and Sundays til 3pm).

In fairness though, I must mention that Stanchart Muthaiga is often very very slow as well.

Hi Mystery Shopper,

Welcome to ChickAboutTown! (Thanks for the link on Huduma Bora, which is a great blog by the way. I’ll definitely be reading you regularly!) And thanks for sharing your experiences with service in the banking center. You are the first person that I know who banks with Chase Bank VM. What are their services like other than for the extended hours?


hey, came across this on my travels thru the web and thought i could contribute my two cents. I have been with MOVE since it started and so far its the only bank ive been with that hasnt made me want to cry. (ive banked with coop, stanchart and barclays before)

They go out of their way to sort you out when things go wrong and they also call back when they say they will. They could improve their online services but with security considerations, i think they are taking the cautious route.

Hi Ragamami,

Welcome to ChickAboutTown!

Thanks for sharing your two cents on this post. See what I was saying, guys? MOVE is really making its customers happy!

Ragamami, your experience with different banks seems extensive (sorry that most of them have made you want to cry ;-)). How do you compare the other three banks that you mention in your comment, i.e., Co-op, Stan. Chart., and Barclays? I am keen to hear what you have to say.


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