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How you can make money by becoming a Co-op Bank Agent

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How to Become Co-op Bank Agent: The Kenyan economy is shifting. In fact, selling of goods and services in Kenya is swiftly evolving from the traditional over-the-counter format to a new digital model. This has spurred the growth of fresh multiple opportunities. One of these opportunities is in the banking sector, where provision of banking services has moved from the banking hall to digital and agency platforms.

Let us focus on the agency sector. By becoming a bank agent, you will be positioning yourself to reap from extra income as more and more Kenyans troop to agents rather than the banking hall. But you must get the business right from the word go. One of the best ways you can do this is by enrolling with a bank that already has a solid financial foundation, reputation, and ability to support your agency. And what better bank to get started with than the Co-op Bank.

How to Become Co-op Bank Agent

According to Co-operative Bank, the following are eligible to apply to become agents with the 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.

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)
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