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.
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:
- Certificate of good conduct (for the individual)
- PIN certificate
- Bank statements if you are not a Co-op Bank account holder
- Business permits for the last 12 months
- Current business permit
- Certificate of registration
- Copy of ID or equivalent
- Two passport size photographs
- Business owners’ or directors’ CVs
- CBK Form 3 & CBK Form 4 witnessed by Commissioner of Oaths
For corporates and SACCOs, the following additional documents will be required:
- Audited books of accounts for the last two years
- Resolution to carry out agency banking
- SASRA approval for FOSA’s
- VAT registration (where applicable)
The applicable fees to facilitate approval are:
- CBK application fee – Ksh 1,000
- Float placement – Determined by customer limit which is arrived at during appraisal
Co-op Kwa Jirani Transaction limits
- Cash deposits – No limit
- Cash withdrawals – Ksh 100,000
- School fees payments – No limit
