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%.