KCB Mtaani Agent Withdrawal Charges. KCB Mtaani is Kenya Commercial Bank’s company’s plan where it uses agents to deposit and withdraw cash instead of setting up branches or ATMs. The business model is very convenient as it does not require setting up a shop, you can just fuse it with your existing business.
How to become a KCB Mtaani Agent
If you want to be a KCB Mtaani Agent, here are the requirements:
- Have a bank account with KCB
- Two coloured passport size photos
- Pin certificate
- Identification document
- A valid certificate of good conduct
- Business license
- Existing business must have operated for a minimum of 12 months
- Fill application forms from the nearest KCB branch
KCB Mtaani Agent Commission
|
Service
|
Limit |
Tariff |
Agent Commission
|
|
Cash Deposit |
100 – 10,000 |
0 |
10 |
|
|
10,001 – 20,000 |
0 |
15 |
|
|
20,001 – 50,000 |
0 |
20 |
|
|
50,001 – 75,000 |
0 |
25 |
|
|
75,001 – 100,000 |
0 |
30 |
|
Cash Withdraw |
100 – 2,000 |
20 |
10 |
|
|
2,001 – 5,000 |
30 |
15
|
|
|
2,501 – 5,000 |
32 |
16 |
|
|
5,001 – 10,000 |
53 |
26.50 |
|
|
10,001 – 20,000 |
75 |
37.50 |
|
|
20,001 – 35,000 |
105 |
52.50 |
|
|
35,001 – 50,000 |
105 |
52.50 |
|
|
50,001 – 75,000 |
185 |
92.50 |
|
|
75,001 – 100,000 |
185 |
92.50 |
Below is KCB Mtaani Agent Withdrawal Charges.
| Range | Charges |
| 100 – 2,000 | 20 |
| 2,001 – 2,501 | 30 |
| 2,501 – 5,000 | 32 |
| 5,0001- 10,000 | 53 |
| 10,001- 20,000 | 75 |
| 20,001- 50,000 | 105 |
| 50,001 – 100,000 | 185 |
Rates are subject to change
List of KCB Mtaani Agents Services
- Cash deposits
- Bill payments
- Rent payments
- Account opening
- Funds transfer
- Balance inquiries
- Mini statement requests
- School fees payments
- NHIF, NSSF and KRA payments
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