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
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Monthly Interest payment |
Waivers
No charge on withdrawal and deposit of Kshs 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
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Reduced charge on monthly ledger fees for both Kshs and foreign currency current accounts of Kshs 15 per item minimum Kshs 500 per month. |
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Lower charges on bankers cheques at Kshs 400 |
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Reduced charges for RTGS – Kshs 500 |
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Preferential exchange rates for foreign currency conversions in all major currencies |
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Low opening balance |
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Kshs 10,000 |
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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
Make an Enquiry
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