Transactional

Transactional

by Ksacco
Kingdom SACCO has a wide range of banking/front office services that including the following:
  • Transactional Accounts
  • Cheque Clearance
  • Funds Transfer
  • Cheque Book Services
  • Salary Processing

Front Office Savings Account (FOSA)

This is a transactional account for individual and corporate members of Kingdom SACCO. This account brings to our customers a load of transactional capabilities making our SACCO a one stop shop for all things banking.

Salary Account

This is an account for members of Kingdom SACCO who are on a regular salary. We also offer upto 50% salary advance to our members whose salaries are processed through Kingdom SACCO. We do not charge any processing fees for salaries.

Youth Heritage Account.

This is a savings account designed for the youth between the ages of 14 – 26. The account encourages young people to begin saving for their future growth in personal development or business. The account has unlimited cash withdrawals and at least three cash deposits per year. This account earns interest on deposits.

Bosa-Loan

Key features of front Office Savings Accounts

Some of the key features of our front office savings accounts include:

  • No account opening fee
  • Free monthly bank e-statement
  • No notice on withdrawals
  • Unlimited withdrawals
  • No minimum Deposit
  • Attractive interest rate on deposit
  • Free internal standing order
  • Cash held on this account can be used as security for a loan
  • ATM and mobile banking service available for these accounts
  • Completed accounts opening form
  • Copy of IDs and PIN Certificate
  • 1 passport photo
  • Completed accounts opening form
  • Copy of business registration certificate/ Incorporation Certificate
  • Copy of Business PIN
  • Copy of Memorandum and Article of Association if the business is a limited liability
  • Board Resolution to open an account with KSACCO if the business is a limited liability ( resolution to clearly state the signatories and mandate)
  • Copies of IDs and PINs for the Signatories
  • 1 passport photo for every signatory
  • Completed accounts opening form
  • Copy of IDs and PIN Certificate
  • 1 passport photo
  • Introduction letter from the employer
  • Completed accounts opening form
  • National ID for individuals over 18,Birth Certificate for under 18, National ID for the guardian
  • 1 passport photo