Co-op Kwa Jirani is a service of the Co-operative Bank of Kenya. Co-op Kwa Jirani enables customers to carry out all banking transactions through an agent appointed by the bank.
Co-operative Bank’s Agency Banking will mostly entail cash deposit taking, cash withdrawals, school fees payments, utility payments, balance inquiry, mini-statements among others. One will need to have an account with Co-operative Bank to work as an agent. The minimum balance of an agent will be determined by one’s appraisal forwarded to the Co-operative Bank.
Who can use Co-op Kwa Jirani?
Customers, non-customers, SACCO-link members, co-operatives, MCU customers, SME customers, and corporates.
REQUIRED DOCUMENTS
- Certificate of good conduct (for the individual)
- PIN certificate
- Bank statements if you are not a Co-op Bank account holder
- Business permits for the last 12 months
- Current business permit
- Certificate of registration
- Copy of ID or equivalent
- Two passport size photographs
- Business owners’ or directors’ CVs
- CBK Form 3 & CBK Form 4 witnessed by Commissioner of Oaths
For corporates and SACCOs, the following additional documents will be required:
- Audited books of accounts for the last two years
- Resolution to carry out agency banking
- SASRA approval for FOSA’s
- VAT registration (where applicable)
The applicable fees to facilitate approval are:
- CBK application fee – Ksh 1,000
- Float placement – Determined by customer limit which is arrived at during appraisal
WHO CAN BE A CO-OP KWA JIRANI AGENT?
- Limited liability companies
- Sole proprietorships
- Partnerships
- Societies
- Co-operative societies
- State corporations
- Trusts
- Public entities
SERVICES THAT WILL BE OFFERED BY CO-OP KWA JIRANI
| Cash withdrawals |
| Cash deposits |
| Money Transfer |
| Fees Payment |
| Utitlity Payment |
| Balance Enquiry |
| Mini Statement |
APPROVAL PROCESS FOR AGENCY BANKING
|
Appraisal (of Agent)
|
Appraisal (by Co-op Bank)
|
Approval (by Central Bank of Kenya)
|
Set up (Agency Banking by Co-op Bank)
HOW SECURE IS CO-OP KWA JIRANI?
IS THERE A LIMIT ON HOW MUCH I CAN TRANSACT WITH THE AGENT?
- Cash deposits – No limit
- Cash withdrawals – Ksh 100,000
- School fees payments – No limit
