Bank of Africa accounts

ACCOUNT NAME

Current Account

BENEFITS:

  • Low and affordable ledger fees: Kshs. 35 per item, minimum Kshs. 350 per month.

  • No over-the-counter charges when withdrawing using a cheque book.

  • VISA ATM card issued on application for personal Current account.

  • Unlimited withdrawals.

  • Minimum opening balance: Personal – Kshs. 5,000

  • No minimum operating balance.

  • Free monthly statement.

  • Can be opened for both local and foreign currencies.

QUALIFICATIONS:

  • Original National Identity Card*/ Valid Passport.

  • Recent Passport Size Colour Photograph.

  • Verified Employment and/or source(s) of income. Relevant permits for foreign individuals: work permit, residence card

  • Where applicable, written confirmation from customer’s prior bank attesting to customer’s identity and history of account relationship (bank referee).

FEES:

  • Unlimited withdrawals.

  • Minimum opening balance: Personal – Kshs. 5,000

  • No minimum operating balance.

  • Free monthly statement.


ACCOUNT NAME

Pay As You Go Salary Account

BENEFITS:

  • Access to personal loans

  • Tenor: Upto 6 (six) months

  • Maximum amount: Three times of gross salary up to Kes 100,000

  • Access to salary advance of up to 50% of net with a maximum of Kes 15,000

  • personal Current account

  • No Cheque book

  • Debit card Charges as per bank’s tariff

  • Access to mobile banking as per banks tariff

  • Access to online banking as per Bank’s tariff

QUALIFICATIONS:

  • 1 Colour passport size photo

  • Certified copy of national ID

  • Letter of Introduction from Employer/Copy of Payslip

FEES:

  • Salary processing at Kes. 100


ACCOUNT NAME: 

Jisort Account

BENEFITS:

  • 5 free ATM transactions per month (on BOA ATMs).

  • Free viewing option on B-Web online banking.

  • Free standing order for internal accounts.

  • Eligible for an overdraft facility with attractive rates

  • Access to personal loan at an attractive interest rate

  • Interest is paid to the savings account for balances above Kshs. 20,000

  • First cheque book is free (25 leaves); other subsequent cheque books to be charged as per tariff.

  • Free debit card.

  • Access to mobile banking (B-Mobile).

  • Access to online banking (B-Web).

QUALIFICATIONS:

  • Passport size photo

  • Certified copy of national identity card

  • Documents of proof of residence

  • Last 3 payslips

  • Letter of undertaking from employer

FEES: 

  • Monthly flat fee  of Kshs. 350.


ACCOUNT NAME: 

123 Cool Kids Savings Account

ACCOUNT TYPE: 

Savings Account

BENEFITS:

  • Open with as little as Kshs 500

  • Minimum operating balance is Kshs 500

  • One free Bankers cheque per term

  • Balance to get Hippo Bank is Kshs 700

  • Access to school fees loan

  • Interest is paid to balances above Kshs. 5,000 with one withdrawal allowed per quarter

  • Half yearly statement of account free

QUALIFICATIONS:

  • Original Birth Certificate of the minor.

  • Original National Identity Card of parent*/ Valid Passport/ appointed guardian/Custodian.

  • Custodian certificate where applicable.

  • Letter from the parent authorizing the guardian to open an account.

  • Recent Passport Size Colour Photograph of parent/ guardian and minor.

  • Verified Employment and/or source(s) of income.

  • Where applicable, written confirmation from customer’s prior bank attesting to customer’s identity and history of account relationship (bank referee)

FEES:

  • No Ledger fees charged


ACCOUNT NAME: 

BOA Savings Individual Account

ACCOUNT TYPE: 

Savings Account

BENEFITS : 

  • No monthly charges

  • No ATM card and Cheque book issued

  • Over the counter withdrawals allowed once every 3 months

  • Access to loans – up to 80% of savings

  • Interest paid every 3 months

QUALIFICATIONS:

  • Original National Identity Card*/ Valid Passport.

  • Recent Passport Size Colour Photograph.

  • Verified Employment and/or source(s) of income. Relevant permits for foreign individuals: work permit, residence card

  • Where applicable, written confirmation from customer’s prior bank attesting to customer’s identity and history of account relationship (bank referee).

FEES:

  • Low opening balance of Kshs 500

  • Minimum balance to earn interest Kshs 20,000


ACCOUNT NAME: 

Tarajio Account

ACCOUNT TYPE: 

Savings Account

BENEFITS:

  • The savings plan must be backed by a current account with a letter of undertaking.

  • Account opening is free

  • Savings must be made through 12 payments via a standing order from the Current account.

  • The standing order is for a minimum of Kshs 2, 000.

  • The savings plan cannot be terminated before complete loan repayment.

  • Interest is paid monthly.

  • The loan amount is equivalent to twice the amount saved and a maximum Debt Service ratio (DSR) of 50% (whichever is lower)

  • Maximum loan duration is 48 months.

  • The customer can start another savings plan while benefiting from loan.

QUALIFICATIONS:

  • Passport size photo.

  • Original ID or passport.

  • 3 last pay slips.

  • Letter of undertaking from employer reference.

FEES:

  • Attractive interest rates on loan; Processing fee 2%.


Tags:



Related Posts


Comments (0)

Leave a Comment

Type the above code here