KCB Bank Kenya, in partnership with Mastercard, has launched a multi-currency prepaid card designed to simplify and enhance international transactions. The KCB Multi-Currency Prepaid Card allows you to hold and use 11 different hard currencies, making it an excellent option for frequent travelers, students living abroad, and sports enthusiasts.
Key Features and Supported Currencies
The Mastercard KCB Multi-Currency Prepaid Card enables users to transact in 11 global currencies, including:
- Kenyan Shilling (KES)
- US Dollar (USD)
- British Pound Sterling (GBP)
- Euro (EUR)
- Swiss Franc (CHF)
- Australian Dollar (AUD)
- Canadian Dollar (CAD)
- Indian Rupee (INR)
- Japanese Yen (JPY)
- South African Rand (ZAR)
- Chinese Yuan (CNY)
This card makes managing international transactions easy, offering one card for multiple currencies.
Why Choose the KCB Multi-Currency Prepaid Card?
1. For Frequent Travelers
- One Card, Multiple Currencies: No need to carry multiple currencies. Load 11 currencies onto one card.
- Global Acceptance: Securely use your card worldwide, from coffee shops in New York to boutiques in Paris.
- Save on Forex Fees: Enjoy favorable exchange rates, allowing you to spend more on experiences and less on conversion fees.
2. For Students Living Abroad
- Convenient Access: Easily load money onto your card via M-Pesa, KCB iBank, or at any KCB branch.
- Parental Support: Family members can remotely fund your card, ensuring uninterrupted access to money.
- Expense Management: Track and monitor your spending through the card’s online portal.
3. For Athletes and Sports Enthusiasts
- Worldwide Usability: Compete globally without worrying about accessing funds.
- Flexible Currency Wallets: Hold funds in multiple currencies such as USD, EUR, GBP, and ZAR for easier use during international events.
- Secure Transactions: The card’s advanced security features protect your funds, allowing you to focus on your goals.
Additional Benefits
- Self-Serve Portal: Manage your card and convert currencies in real-time via the KCB Bank card services portal.
- Cost Savings: Enjoy reduced conversion costs and favorable exchange rates, making global spending simpler.
- Enhanced Convenience: Eliminate the need for multiple physical cards or separate currency accounts.
Charges Associated with the KCB Multi-Currency Prepaid Card
- Card Issuance Fee: Ksh 500 (exclusive of excise duty)
- ATM Withdrawal Fees:
- Ksh 30 for withdrawals at KCB ATMs (KES transactions)
- Ksh 250 for withdrawals at other bank ATMs
- USD 2 for foreign currency withdrawals at KCB ATMs with matching currencies
- Wallet Transfers: Exchange rates apply based on the prevailing market rate
How to Apply for the Mastercard KCB Multi-Currency Prepaid Card
To get started with the KCB Multi-Currency Prepaid Card, follow these steps:
- Visit a KCB Branch: Bring your National ID and KRA PIN (for residents). Non-residents must meet Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements.
- Complete the Application Form: Fill out the necessary paperwork at the branch.
- Fund Your Card: Load money onto your card via M-Pesa, KCB iBank, or at any KCB branch.
Conclusion
The Mastercard KCB Multi-Currency Prepaid Card is a powerful tool for individuals who frequently travel internationally or need a versatile payment solution. With the ability to hold multiple currencies, secure transactions, and access a wide range of global services, this prepaid card is ideal for students, business travelers, athletes, and online shoppers. Apply today to enhance your global spending capabilities and manage your finances with ease!
