This is an account that is used for processing salaries, pensions and for normal savings.
Features:
- Competitive interest rates.
- No withdrawals limits.
- Use VISA branded ATM and mobile banking to operate the account.
Requirements:
- Two colour passport size photographs.
- Photocopy of I.D. or other valid identification documents.
- Signatures specimen.
- Minimum opening balance Kshs. 500.
- A referee who is a bona fide SACCO member.
Mainly for corporate, welfare, youth, women groups, schools, churches, non-profit making organizations among others that wish to open savings accounts.
Requirements:
- Minutes of the corporate/welfare groups authorizing opening of a savings a/c.
- Introduction Letters.
- Copy of the Constitution.
- Copy of Certificate of registration.
- Group passport size photographs for signatories.
- Opening fee of Kshs.500.
- Referee who is a bona fide SACCO member
The product is designed for members whose salaries are channeled via Fundilima Sacco fosa account.
Features
- Salary must be channeled through fosa account for at least two consecutive months
- One month repayment period.
- Attracts affordable interest rates.