25.6 C
Nairobi
Sunday, November 24, 2024

TUKO.co.ke Invites You for a Free Webinar on the Ethical Use of AI

Tuko.co.ke, a leading digital media platform, is excited to announce their webinar, “AI in Action: Practical Skills for Creative Professionals,” taking place on the...
HomeShareholdersCo-operative Bank Agent Commissions and Charges

Co-operative Bank Agent Commissions and Charges

JOIN WOK ON TELEGRAM

Co-op Kwa Jirani is a service of the Co-operative Bank of Kenya which enables customers to carry out all banking transactions through an agent appointed by the bank.

Co-operative Bank’s Agency Banking mostly entail cash deposit taking, cash withdrawals, school fees payments, utility payments, balance enquiry, mini-statements among others.

Below is a summary of the Commissions a Co-op Kwa Jirani agent gets in their daily transanctions as at 2019.

Deposit Charges and Commission

Amount (Ksh)        Charges             Commission

100-14,999            Free                   10

15,000-19,000       Free                    15

20,000-29,000       Free                    20

30,000-39,000       Free                    25

40,000-49,000       Free                    30

50,000 and above  Free                     30

Balance Inquiry      10                        5

Ministatement        20                       10

Utility Bills(power/water) 50               25

Withdrawal Charges and Commission

Amount (Ksh)           Charges              Commission

50 – 2,000                50                      20

2,001-5,000              50                      20

5,001-10,000             70                     30

10,001-20,000            80                     35

20,001-30,000            100                    45

30,001-40,000            120                     55

40,001-50,000            140                     65

50,001-60,000             250                    120

Other payments that can be made at a Co-op Kwa Jirani agent include:

NHIF payments

County Government fee payments

Other Government Payments e.g KRA