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Prepaid Card Options Offered By I&M Bank

by Von Umpiantu

I&M Bank Limited is a commercial bank in Kenya, It is licensed by the Central Bank of Kenya which is the central bank and national banking regulator.

It serves the banking needs of large and small business customers as well as individuals, with emphasis on large and medium-sized corporations across its 42+ branches spread across Kenya.

Below we look at the prepaid card options offered by the bank.

1. Multicurrency prepaid card
A MasterCard prepaid card in multiple major currencies suitable for use while travelling and shopping overseas thus saving money by avoiding related currency conversion costs.

Benefits
The card offers security and convenience through a virtual wallet carrying 3 major currencies; GBP, EURO and US Dollars with the ability to shift one currency to another within the card sub wallets.

It allows load up to US Dollars 10,000 or equivalent as well as featuring online balance enquiry, transactions statements and card hot listing as well as transaction tracking through SMS notifications.

It requires no credit vetting and provides a 24 hr I&M Call Centre for all enquiries and general assistance

2. Visa prepaid travel
A Visa prepaid card in US Dollars suitable for use while travelling and shopping overseas.

Benefits
The card provides a very convenient way of giving travel and living expense money to family members who are proceeding abroad and to budget and control expenses while traveling.

It can also be used repeatedly, every time during travels, by simply loading additional amounts on the card.

It allows load up to US Dollars 10,000 or equivalent as well as featuring online balance enquiry, transactions statements and card hot listing as well as transaction tracking through SMS notifications.

It requires no credit vetting and provides a 24 Hr I&M Call Centre for all enquiries and general assistance

3. Visa prepaid safari
A Visa prepaid card in Kenya Shillings suitable for use while traveling and shopping both locally and internationally.

Benefits

The card provides an efficient, safe and convenient alternative by enabling a safe cashless way to store money and spend as required and can also be used repeatedly by simply loading additional amounts on the card.

It features no credit vetting i.e the card is issued instantly and allows a load up to Kshs 700,000 as well as online balance enquiry, transaction statements, card hot listing and transaction tracking through SMS notification.

Has multiple uses viz, as a gift, to pay employee bonuses and salaries, to manage employees on company expense, for parents to manage expenses of students etc

In addition to the above, it offers 24 Hr I&M Call Centre for all enquiries and general assistance.

4. I&M Mpesa prepay safari
A Visa prepaid card in Kenya Shillings, loadable directly from M-Pesa , suitable for use while traveling and shopping in Kenya or overseas.

Benefits
It is accessible to anyone who has a Safaricom telephone line with M-PESA facility and is 18 years and above. It has no late payment fees, ledger fees or over the limit fees and one can easily reload the card via M-PESA with a load up to Kshs 500,00.

It is also acceptable both locally and internationally on all Visa/KENSWITCH branded ATMs as well as be used for online transactions such as purchases, payments etc through which one can also monitor expenses and check card balance.

The card also allows SMS alerts on every transaction made.

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