Step By Step Guide To Opening A CBK-CDS Account For Kenyans In Diaspora |Investing In Bonds In Kenya

Did you know that you can loan money to your government by investing in Treasury Bills & Bonds? When you do, the government will pay you back all your money plus interest!
This is a Step By Step Guide To Opening A CBK-CDS Account For Kenyans In Diaspora
You'll also learn:
☑️ Requirements for a CDS account
☑️ Central Bank Guidelines for filling the CDS application form (Mandate card)
☑️ How to open a CDS account
☑️ Where to buy Treasury Bills
☑️ Steps to follow when investing through CBK
☑️ Treasury Mobile Direct (CBK-TMD Code)
☑️ How to buy a T-Bill using TMD
☑️ Are Treasury Bills taxable in Kenya?
☑️ How much Treasury bills can I buy?
☑️ Can I invest in Treasury Bills while living in the diaspora?
Full guide on How To Invest In Treasury Bills 👉🏽 thewealthtribe.com/how-to-inv...
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Пікірлер: 93

  • @TheWealthTribe
    @TheWealthTribe11 ай бұрын

    Tribe, CBK discontinued this manual account opening process. They launched the DhowCSD app which you can use to set up your account online. I created a guide on how to sign up here 👉🏽👉🏽 kzread.info/dash/bejne/gmVmqcdxcZuZmLQ.htmlfeature=shared If you need help with how to invest in Kenya while living in diaspora, email me 👉🏽👉🏽 agatha@thewealthtribe.com

  • @IGM_Dex

    @IGM_Dex

    9 ай бұрын

    This is brilliant. Thank you for the info

  • @susanwagitwe7169
    @susanwagitwe71699 ай бұрын

    You are the only one person who have explained how to go about this process , God bless you

  • @TheWealthTribe

    @TheWealthTribe

    9 ай бұрын

    Thank you 😊

  • @PietyHealth
    @PietyHealth2 ай бұрын

    This was wonderfully explained, I now understand the process from start to finish, thank you so much.

  • @TheWealthTribe

    @TheWealthTribe

    2 ай бұрын

    Glad it was helpful!

  • @wabihenry
    @wabihenry Жыл бұрын

    This information is gold. Agatha, you have outdone yourself. I linked so many of my friends. You are a jewel. keep educating us out here. Those step by step tips are very helpful

  • @TheWealthTribe

    @TheWealthTribe

    Жыл бұрын

    Wow, thank you! I'll keep doing this 💪🏾

  • @yuniabidali3263
    @yuniabidali3263 Жыл бұрын

    Thanks for this info. Very precise

  • @TheWealthTribe

    @TheWealthTribe

    Жыл бұрын

    Glad it was helpful!

  • @chalihustler
    @chalihustler Жыл бұрын

    Great information. Thank you

  • @TheWealthTribe

    @TheWealthTribe

    Жыл бұрын

    Glad it was helpful!

  • @Invible943
    @Invible943 Жыл бұрын

    🎉absolutely incredible informative 🎉🎉

  • @TheWealthTribe

    @TheWealthTribe

    Жыл бұрын

    Glad you think so!

  • @samuelnganga5247
    @samuelnganga5247 Жыл бұрын

    Very insightful..thank you so much Miss Agatha

  • @TheWealthTribe

    @TheWealthTribe

    Жыл бұрын

    You are very welcome

  • @ben2252
    @ben2252 Жыл бұрын

    Agatha thank you so much for this information. This is what I wanted.

  • @TheWealthTribe

    @TheWealthTribe

    Жыл бұрын

    I'm glad it was helpful 😊

  • @DecodedTrends
    @DecodedTrends Жыл бұрын

    Informative 💯✅

  • @TheWealthTribe

    @TheWealthTribe

    Жыл бұрын

    Glad it was helpful!

  • @annmay7985
    @annmay7985 Жыл бұрын

    Awesome 🎉

  • @TheWealthTribe

    @TheWealthTribe

    Жыл бұрын

    Thanks 🤗

  • @Omwaka
    @Omwaka Жыл бұрын

    You are really giving us a lot of information about investment, God bless you my sister

  • @TheWealthTribe

    @TheWealthTribe

    Жыл бұрын

    Glad it was helpful!

  • @Tamarrind97
    @Tamarrind97 Жыл бұрын

    Don't give up calling CBK for the documents. After multiple attempts someone kind picked up the call and told me she will follow-up on my email. She did....and I got the documents in one day. Thank you so much for your help and advise Agatha.

  • @TheWealthTribe

    @TheWealthTribe

    Жыл бұрын

    I'm so glad to hear this! 💪🏾

  • @Tamarrind97

    @Tamarrind97

    Жыл бұрын

    Just to add on, their initial email response was that they cannot provide documents since they are all posted on their site under forms. I responded back and showed them a screenshot of the forms tab where there were no such documents listed. Woke up to an email with documents attached. Grateful

  • @TheWealthTribe

    @TheWealthTribe

    Жыл бұрын

    @@Tamarrind97 So happy that the video has been this helpful to you! And I'm glad that you're also proactive with the process 🎉

  • @ramsonmwanyai208
    @ramsonmwanyai208 Жыл бұрын

    Thank you Agatha for the invaluable information. We appreciate the research you did to gather all this information and for sharing your experience. I tried calling the number you shared but its no longer in service. I'm in Canada.

  • @TheWealthTribe

    @TheWealthTribe

    Жыл бұрын

    Hi Ramson, write an email to primaryissues@centralbank.go.ke

  • @charlesnyagah7423
    @charlesnyagah74239 ай бұрын

    With the DhowCSD digital account now operational is the manual process defunct

  • @TheWealthTribe

    @TheWealthTribe

    8 ай бұрын

    Yes

  • @TheWealthTribe
    @TheWealthTribe Жыл бұрын

    If you need help accessing the documents I have listed or want to learn more about how to invest in Kenya while living in diaspora, email me 👉🏽 agatha@thewealthtribe.com

  • @evanskatwa8350
    @evanskatwa835011 ай бұрын

    Thank you. Very informative especially on kenyans with active local bank accounts. Again cbk dont have a tutorial on their KZread account

  • @TheWealthTribe

    @TheWealthTribe

    11 ай бұрын

    Welcome! CBK recently launched an app called dhowcsd which you can use to create your account.

  • @evanskatwa8350

    @evanskatwa8350

    11 ай бұрын

    @@TheWealthTribe i was looking for a tutorial on that when I stumbled on your video. You should consider doing one for the DhowCSD

  • @TheWealthTribe

    @TheWealthTribe

    11 ай бұрын

    @@evanskatwa8350 I'm working on it as we speak 😁

  • @TheWealthTribe

    @TheWealthTribe

    11 ай бұрын

    @@evanskatwa8350 here you go 👉🏽👉🏽 kzread.info/dash/bejne/gmVmqcdxcZuZmLQ.htmlfeature=shared

  • @antonywaithaka9709
    @antonywaithaka970910 ай бұрын

    Golden in formation, if i open CDS account via our local commercial banks how can i check or verify if they have bought the bonds for me? Secondly can i use the same cds account lets say i want to buy bill or bonds directly? thanks

  • @TheWealthTribe

    @TheWealthTribe

    10 ай бұрын

    A CDS account through a bank is called a Nominee Account. The bank will provide the documentation as proof when you invest through a nominee account. No, you cannot use a nominee account to buy bills & bonds directly. By using a nominee account, you will pay management fees to a bank for every investment, which is why I recommend setting up an account directly with CBK. It's easy because they launched an app. Use this link to learn more: kzread.info/dash/bejne/gmVmqcdxcZuZmLQ.html

  • @gracenyamu836
    @gracenyamu836 Жыл бұрын

    Hallo, thank you for making our work easier. I am in diaspora and i do have a local bank. However i don't save on the account as often thus less cash in it. My question does the account need to have the required amount that i intend to invest? Two can the payments be done through mpesa when my bid is accepted.

  • @TheWealthTribe

    @TheWealthTribe

    Жыл бұрын

    Hi Grace, there's no cash requirement in the bank account. No, you can't pay through M-PESA. You'll transfer money to the local account then send the money to CBK through an RTGS transfer. Send me an email via agatha@thewealthtribe.com if you need more help.

  • @NorekG1453
    @NorekG1453 Жыл бұрын

    Thank you Agatha for taking your time to bring us such informative presentation. I'm a Kenyan in diaspora and got my CDS account while in Kenya; though didn't do any transaction until I flew out. While in diaspora I successfully bid for the T bills but couldn't effectively wire the amount to my virtual account coz I'd challenges with my commercial bank's mobile banking app, thus I couldn't beat the value date deadline. I understand that this's a breach of CBK rules pertaining T Bills. My question is am I legible for the investments anymore? My second question is that between my real names and my portfolio/cds number, which one do I put when asked for ACCOUNT NAME in the process of making payments for the Treasury Bills. That's all madam Agatha. I look forward to your kind response. Thank you. With regards.

  • @TheWealthTribe

    @TheWealthTribe

    Жыл бұрын

    Hi Ronald, About your eligibility, you'd need to write to CBK through primaryissues@centralbank.go.ke Explain what happened then ask them if you're eligible to invest.

  • @TheWealthTribe

    @TheWealthTribe

    Жыл бұрын

    For account name, write your name...

  • @NorekG1453

    @NorekG1453

    Жыл бұрын

    Thank you so much for your timely and helpful response. I'll surely contact them through the address you've just provided. Thumbs up to the professionalism. I recommend this channel to all that are interested in wealth creation.

  • @kaiguire
    @kaiguire Жыл бұрын

    Hi Agatha thanks for this information, am a Kenyan with a Local Bank account how do l open a CDS account and is here a time frame for making a deposit without losing the CDS accoujnt

  • @TheWealthTribe

    @TheWealthTribe

    Жыл бұрын

    Hi, Central Bank discontinued this manual process of opening a CDS account. We're waiting for them to launch the digital process: this means that for now, you can't open an account. I'll create a video guide when they launch it. About the time frame: if you don't invest in a bond within a year, your CDS account becomes inactive.

  • @habtamudoe8868
    @habtamudoe88686 ай бұрын

    Thank you for your presentation.But I have some questions. What is the difference between CSD account and vertual account? During the period of issuance what is the debt account? CSD account or vertual or the normal/cash account to transfer the money to CBK from from your account? During maturity the CBK credit on which account from the above listed account?

  • @TheWealthTribe

    @TheWealthTribe

    6 ай бұрын

    kzread.info/dash/bejne/gmVmqcdxcZuZmLQ.html

  • @ruthb2485
    @ruthb2485 Жыл бұрын

    Is the co-op diaspora account considered a local (Kenyan) commercial bank account eligible to apply for a CDS account?

  • @TheWealthTribe

    @TheWealthTribe

    Жыл бұрын

    Please write to primaryissues@centralbank.go.ke to confirm.

  • @ericsotigi3847
    @ericsotigi38477 ай бұрын

    Now that we have dhowapp from cbk, can you open cds account with that and how does it work

  • @TheWealthTribe

    @TheWealthTribe

    7 ай бұрын

    kzread.info/dash/bejne/gmVmqcdxcZuZmLQ.htmlfeature=shared

  • @Chekib187
    @Chekib1879 ай бұрын

    You are so knowledgeable t🫶🫶🫶

  • @TheWealthTribe

    @TheWealthTribe

    9 ай бұрын

    😊

  • @janemakena3081
    @janemakena3081 Жыл бұрын

    Hi. Does this only apply to Kenyans in diaspora?If I'm in Kenya? Do i follow the same steps, do i also provide those 7 documents?

  • @TheWealthTribe

    @TheWealthTribe

    Жыл бұрын

    Hi Jane, If you're in Kenya, the process was that you should physically go to CBK offices, collect the 7 forms, fill them manually and return to CBK but they have since changed the process and we're waiting for them to launch the digital process.

  • @leendargatwiri5994
    @leendargatwiri5994 Жыл бұрын

    Can you open a joint CDS account with friends?

  • @TheWealthTribe

    @TheWealthTribe

    Жыл бұрын

    Yes. Each of you has to fill the mandate form and also provide the documents listed

  • @kevinmusitia8110
    @kevinmusitia8110 Жыл бұрын

    Can someone I trust ,back in kenya open a CDS account on my behalf using all my credentials

  • @TheWealthTribe

    @TheWealthTribe

    Жыл бұрын

    Unfortunately, CBK stopped this manual account opening process a month ago because they're working on launching a digital system. We're still waiting for the launch.

  • @Invible943
    @Invible943 Жыл бұрын

    How do I do a top up of a bond? I hear in multiple of 50 but how do I just send money in my virtual account?

  • @TheWealthTribe

    @TheWealthTribe

    Жыл бұрын

    You send money to your virtual account through a bank transfer: either EFT or RTGS transfer. Contact your bank to provide specific instructions on how to go about it

  • @Invible943

    @Invible943

    Жыл бұрын

    Do I need to tell CDS that I want money to be added to that specific bond? Since I have other bills ongoing?

  • @Tamarrind97
    @Tamarrind97 Жыл бұрын

    Question. Is a Sacco a commercial bank also?

  • @TheWealthTribe

    @TheWealthTribe

    Жыл бұрын

    No...

  • @Tamarrind97

    @Tamarrind97

    Жыл бұрын

    @@TheWealthTribe Thank you.

  • @Omwaka
    @Omwaka Жыл бұрын

    Hello wealth tribe, I am Joseph Omwaka, what is tap sale? Just received the message on my phone

  • @TheWealthTribe

    @TheWealthTribe

    Жыл бұрын

    A tap sale is a bond resale from a previous issue. The bond is offered at the original average weighted coupon rate, maturity, face value but sold at current market price.

  • @Omwaka

    @Omwaka

    Жыл бұрын

    @@TheWealthTribe thanks madam

  • @Chekib187
    @Chekib1879 ай бұрын

    What if I apply as Kenyan in Kenya but lives in abroad ?

  • @TheWealthTribe

    @TheWealthTribe

    9 ай бұрын

    This application method is no longer in use. Watch this guide 👉🏽 kzread.info/dash/bejne/gmVmqcdxcZuZmLQ.html

  • @petermuigai8261
    @petermuigai8261 Жыл бұрын

    How can I deposit money to my CDS account Tell us more between Virtual and portfolio number

  • @TheWealthTribe

    @TheWealthTribe

    Жыл бұрын

    Use the two numbers to do an RTGS transfer

  • @TheWealthTribe

    @TheWealthTribe

    Жыл бұрын

    Do an RTGS transfer from your bank to CBK

  • @shawnkai532
    @shawnkai532 Жыл бұрын

    Am abroad and ussd never works,i guess its network issues. Are there another ways of applying for the bonds?

  • @TheWealthTribe

    @TheWealthTribe

    Жыл бұрын

    Do you have a CDS account already?

  • @shawnkai532

    @shawnkai532

    Жыл бұрын

    ​@@TheWealthTribe ​@The Wealth Tribe yes, problem is safaricom ussd doesn't work here but my Number is registered to Tmd, works well when am in kenya

  • @shawnkai532

    @shawnkai532

    Жыл бұрын

    @@TheWealthTribe yes problem is Safaricom USSD never works here.

  • @Njerukinyua

    @Njerukinyua

    Жыл бұрын

    I live abroad and the *866# works just fine

  • @edwardnyette9376
    @edwardnyette9376 Жыл бұрын

    Great job. Can the CDS account be opened faster if you go to CBK in person?

  • @TheWealthTribe

    @TheWealthTribe

    Жыл бұрын

    Hi Edward, unfortunately , CBK discontinued the in-person account opening process. We're waiting for the digital system to be launched.

  • @edwardnyette9376

    @edwardnyette9376

    Жыл бұрын

    ​@@TheWealthTribe Thank you for responding.

  • @pnyongo
    @pnyongo Жыл бұрын

    can one trade online for kenyan stocks?

  • @TheWealthTribe

    @TheWealthTribe

    Жыл бұрын

    yes

  • @alaincedrictchonengpouokam2388
    @alaincedrictchonengpouokam2388 Жыл бұрын

    Are this only for Kenyan? What about if I am from another country, am I eligible to invest in Kenya bond? Thanks

  • @TheWealthTribe

    @TheWealthTribe

    Жыл бұрын

    Yes you can, through a Kenyan commercial bank

  • @alaincedrictchonengpouokam2388

    @alaincedrictchonengpouokam2388

    Жыл бұрын

    @@TheWealthTribe ok I am a Cameroonian based in US and looking for African bonds to buy; our bonds here is 4%. What is the best commercial bank in Kenya in your opinion?

  • @Chekib187
    @Chekib1879 ай бұрын

    So dhowcsd same as cds??

  • @TheWealthTribe

    @TheWealthTribe

    9 ай бұрын

    It was previously known as CSD. It's now called CSD 👉🏽 kzread.info/dash/bejne/gmVmqcdxcZuZmLQ.html

  • @Orwah
    @Orwah11 ай бұрын

    CBK wako na ufala sana,,,Why make the process more hectic 🤷‍♂🤷‍♂

  • @TheWealthTribe

    @TheWealthTribe

    11 ай бұрын

    They launched the DhowCSD app which you can download and use to create your account.

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