Requirements to become a Cooperative Bank Agent

These are the requirements one must meet in order to become a Cooperative Bank Agent ( Co-op Kwa Jirani). Co-op Kwa Jirani is a service of Co-operative Bank of Kenya which enables customers to carry out all banking transactions through an agent appointed by the bank. Requirements to become a Cooperative Bank Agent.

Co-op Kwa Jirani entails cash deposit-taking, cash withdrawals, school fees payments, utility payments, balance inquiry, mini-statements among others. On this post, we are going to look at the requirements one must meet in order to be approved as an agent.

You don’t have to be a Co-op Bank account holder to apply to be an agent. Just visit your nearest Co-op Bank branch, fill in an application form and submit the following documents along with the application form:

1. Certificate of good conduct (for the individual)
2. PIN certificate
3. Bank statements if you are not a Co-op Bank account holder
4. Business permits for the last 12 months
5. Current business permit
6. Certificate of registration
7. Copy of ID or equivalent
8. Two passport size photographs
9. Business owners’ or directors’ CVs
10. CBK Form 3 & CBK Form 4 witnessed by Commissioner of Oaths

For corporates and SACCOs, the following additional documents will be required:

1. Audited books of accounts for the last two years
2. Resolution to carry out agency banking
3. SASRA approval for FOSA’s
4. VAT registration (where applicable)

The applicable fees to facilitate approval are:

1. CBK application fee – Ksh 1,000
2. Float placement – Determined by customer limit which is arrived at during appraisal

Co-op Kwa Jirani Transaction limits 

1. Cash deposits – No limit
2. Cash withdrawals – Ksh 100,000
3. School fees payments – No limit