Schools are constantly busy, so they require an account that offers the flexibility they need to focus on nurturing tomorrow’s leaders. The School Operating Account is tailored to them.
Details
Caters to all schools
Opening and operating balance of KSh 1,000
Transaction fee of KSh 100 per direct credit from the Ministry of Education
Sharia Contract: Qardh
Benefits
Free deposits
Access to cheque book
No restrictions on transactions
Free quarterly statements
Free internal transfers to other FCB accounts (with a cheque book)
Requirements
Valid signed and stamped letter from School Committee/Board of Governors
Certificate of Registration as per relevant registration e.g. company, co-operative etc.
Ministry of Education Registration Certificate
Original and Copy of ID or Passport of authorized signatories
2 recent passport photographs of authorized signatories
Original and Copy of KRA PIN Certificate
Introduction Letter from Ministry of Education
Minutes from School Board clarifying operational mandate
Account opening balance
Requirements subject to the registration status of business/corporate i.e. Sole Proprietor, Limited Company etc.