Wakili Account

Target market:
Law firms are key custodians of billions of shillings, from which they deserve to earn genuine returns while at the same time incurring reasonable banks charges. The Wakili account is a package of financial benefits and concessions that will enable Law firms make savings on their monthly banking costs and also offer preferential rates on deposits.

Benefits

• Monthly Interest payment

Waivers

• No charge on withdrawal and deposit of Ksh over the counter.
• No charge on internal transfers from one account to the other within BOA
• No charge on incoming wire transfers.
• No minimum operating balance requirement.
• No charge on bi-weekly or monthly statement.
• Free processing of salaries for staff with accounts in BOA.
• Free mail box in the banking hall.

Concessions

• Reduced charge on monthly ledger fees for both Kshs and foreign currency current accounts of Ksh 15 per item minimum Ksh 500 per month
• Lower charges on bankers cheques at Ksh 200
• Reduced charges for RTGS – Ksh 500
• Preferential exchange rates for foreign currency conversions in all major currencies
• Low opening balance
• Ksh 10,000
• USD, EUR and GBP 100

Premium deposit rates

Preferential higher rates for deposit will be offered with room for negotiation on all call and fixed deposits. The indicative rates will be regularly advised by the Relationship and branch managers to all Wakili account holders.

Relationship Management

All Wakili accounts will be allocated an Account Relationship Manager (ARM) to provide personalized service and financial advice.

For more details on Wakili Account

• call or visit your nearest BOA branch
• call or visit Relationship Managers at BOA head office

Opening an Account
Click below to:
Print Account Opening Forms
Locate the nearest Bank of Africa branch
Send an e-mail to obtain further information