Part of a comprehensive account package that is tailor-made and suitable for Non Profit Organizations (NPOs).
- Suitable for Non Profit Organizations (NPOs)
- Non Governmental Organizations (NGOs)
- International organizations
- Donor funded projects
- Religious organizations
- Diplomatic missions
- Membership clubs
- Community Based Organizations (CBOs)
- Children’s homes
- Interest is paid to the minimum cleared balance at the end of every month
- Zero charge on monthly ledger fees on both Kshs and foreign currency current accounts.
- Free cheque books.
- Zero charge on withdrawal and deposit of both Kshs and foreign currency cash.
- Free internal transfers from one account to the other within BOA.
- Free incoming wire transfers.
- No minimum operating balance requirement.
- Free interim statement.
- Free banker’s cheques.
- Preferential exchange rates for foreign currency conversions in all major currencies.
- Reduced handling charge on deposited foreign currency cheques drawn abroad.
- Reduced charges on SWIFT transfer sent abroad at Kshs 1,500.
- Low opening balance – USD, EUR and GBP 100, Kshs 1,000.
Frequently Asked Questions
This account is part of a comprehensive account package that is tailor-made and suitable for Non Profit Organizations (NPOs).
To open a goodwill account, NPOs will need a low opening balance of Kshs. 10,000 or USD, EUR, GBP 100. This account has no minimum operating balance requirement. This is one of many waivers offered on account.
Yes. Account can be operated using both local and foreign currency. To this effect, bank offers preferential exchange rates for foreign currency conversions in all major currencies.
There is no charge on incoming wire transfers. There are reduced charges on SWIFT transfer sent abroad at Kshs. 1,500.