The Co-operative Bank of Kenya is giving Kenyan business people and organizations a chance to become its agent, better known as Co-op Kwa Jirani agent.

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

Some of the services customers can access at Co-op Kwa Jirani agents are cash deposit taking, cash withdrawals, school fees payments, utility payments, balance enquiry, and mini-statements among others.

The agents appointed by the lender earn a commission based on the withdrawals, deposits, and utility bill payments made by customers.

All deposits made through Co-op Kwa Jirani agent do not attract any charges with withdrawals attracting transaction fees depending on the amount.

To become a Co-op Bank agent, one is required to have an account with Co-op bank. The minimum balance of an agent is determined by one’s appraisal forwarded to the Co-operative Bank.

The following are eligible to apply to become agents with the Co-operative Bank:

• Limited liability companies.
• Sole proprietorships.
• Partnerships
• Societies
• Co-operative societies
• State corporations
• Trusts
• Public entities

To apply to be a Co-op Bank Agent, you will need the following documents when you visit the Co-operative Bank branch for application:

• Certificate of good conduct (for the individual)
• PIN certificate
• Banks 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 photo graphs
• Business Owners’/Directors’ CVs.
• CBK Form 3 & CBK Form 4 witnessed by commissioner of Oaths.

Baloobhai Patel buys Sh145 million additional Co-op Bank shares

Corporates seeking to open agencies will need to provide the following additional documents:

• Audited books of accounts for the last two years
• Resolution to carry out agency banking.
• SASRA approval for FOSA’s
• VAT registration (where applicable)

Co-op Kwa Jirani cash withdrawal charges and agent commission