Transactional Current Account

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Target Market:

Through the Transactional account, the bank has made it possible for business owners, Church managers, Institutions, NGO’s to instantly access funds paid via the Lipan an M-Pesa service. This gives business owners real time access to funds credited from either the M-Pesa Paybill numbers or Till number. A critical move that unlocks csh making it readily available for the customer to efficiently run their business, church, organization, institution.

The Transactional account is a solution
  • The account takes NO ledger fee for Mpesa deposits.
  • The SME client acquires their Till number FREE within 24 hrs.
  • The account gives SMEs clients access to their Mpesa Till payments INSTANTLY.
Transactional Account Benefits.
  • Deposits received through Tills and Paybill payments will be sent to the account at no additional cost.
  • Real-Time Lipa na Mpesa settlement to your BOA account, offering operational efficiency on reconciliations
  • Efficient cash management as a result of free e-receipts for debits and credits to the account.
  • We will aid in acquisition of Till number, FREE within 24 hrs for new applicants.
  • We will facilitate bulk Salary Processing.

Account Opening requirements:

  • Standard BOAK KYC documents
  • Duly filled MPESA Till form as additional compulsory requirement.

Lipa Na M-Pesa Requirements (2019)

Tariff (Key)

  • Monthly Flat Fee – Nil
  • Cash handling fees – Nil
  • Opening Balance Ksh 5,000
  • Cash withdrawal over the counter – Ksh 200
  • Ledger fee per transaction Kes 35.00 with an exempt Mpesa tills transactions
  • All other transactions will be charged as per the tariff.

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Bank Through Conversations

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