FOSA ACCOUNTS

NoSERVICEREQUIREMENTS
1CHEQUE ENCASHMENT
  • 3% or kshs. 300/= whichever is higher.
2BANKERS CHEQUE
  • Ksh. 100 per leaf
3POS
  • Maximum withdrawal-kshs.200,000/= per day
  • Withdrawal from Cooperative bank or COOP KWA JIRANI
  • Charges kshs.110/=.
4M-SACCO
  • Access to FOSA account using a mobile phone
  • Registered member of Safaricom and M-ASILI
  • Kshs.30,000/= per withdrawal.
5ATM SERVICES
  • Khs.33/= per withdrawal with coop bank and kshs.220/= from any other bank
  • Have ATM card with valid pin
  • Maximum withdrawal is kshs.40,000/=
6FOSA ACCOUNT OPENING
  • Filling of account opening forms
  • ID photocopy
  • 2 passport size photos (current)
  • Minimum opening balance- Kshs.1000/=
  • Minimum account balance Kshs.500/=
  • No overdraft facility
7SALARY PROCESSING

Members

  • Fill in salary processing form
  • Submit to the office
  • Charges ksh. 55 when members salary pass through fosa

Non- Members

  • Open a saving account
  • Fill in the salary processing form
  • Submit to the office