This is a bank account for Chamas and registered groups to help them save invest and grow through savings.
- Fast, efficient and affordable banking
- Attractive tax free interest.
- No ledger fees or account maintenance fees.
- Free half yearly statements.
- 10% bonus interest on the interest earned.
- One free banker’s cheque per quarter.
- Flexible, no limitations on withdrawals.
- Certificate of registration documents of the Chama.
- Minutes for Chama/group meetings to elect account signatories.
- Constitution OR Articles of association only for groups registered under the Society Act.
- Signatories to the account (3 maximum)
- Original and copy of national ID or passport.
- Minimum affordable opening balance of Kshs.2,500/=.
- Minimum operating balance of Kshs.2000.