Remittances from Kenyans living and working abroad have been getting better as time goes by. These monies have been a fresh breath of air to a ravaged economy, and have significantly helped to prop up the Shilling.
And with such progress, those in the diaspora need to have partner and friend whom they can trust with their monies. This friend happens to be the Co-operative Bank of Kenya (Co-op Bank) through their various Diaspora Banking platforms.
Among the various diaspora banking platforms available, I came across Jamuhuri Current Business Account.
This is a perfect one for business banking purposes. Anyone living abroad and running businesses at the same time needs to reach out to Co-op Bank and open this account. It is tailored towards ensuring that one can able to save time and money simply by carrying out transactions online.
Also, the platform makes it easy to do other safe and convenient payment options.
With Co-op Jamuhuri Current Business Account, one has the control that they desire for their everyday business banking as the bank facilitates their investments and business transactions both in and out of the country.
The account offers one the opportunity to transact under a Business name, partnerships and trading companies.
This account also caters to the Diaspora Saccos’ whose registration is at the Kenyan Ministry of Co-operatives.
Features of Jamuhuri Current Business Account
- Minimum opening & cash balance of 10,000 shillings
- Ledger fee of 35 shillings’ transaction (or equivalent in other currencies)
- Account maintenance fee of 300 shillings per month (Or equivalent in other currencies)
- Internet Access Fees of 100 shillings
- Free Monthly E-Statements
Requirements
- Completed application form
- Certified copy of Kenya ID or Kenyan or Alien Passport
- Certified copy of Pin Certificate or Tax Number
- Certified Certificate of incorporation
- Certified Proof of Address
- Memorandum and Articles of Association or bylaws (for co-operative societies)
- Board resolution to open an account
- Any other documents the bank may from time to time
- All documents must be certified by either Public Notary, Commissioner for Oaths, Kenyan Embassy or High Commission, a Bank, Co-op Bank Diaspora Agent or a Co-op Bank staff