Are you looking for a bank account that will help you sort all your financial needs even when you are short of funds? Then the Cooperative Bank of Kenya salary account is the best for you.
The Co-op Bank salary account is a transactional account designed to facilitate salary processing for employees in both the private and public sectors.
It helps customers sort their mid-month expenses hassle-free through cash advances and personal loans.
Additionally, the account provides access to Asset products such as Unsecured Personal Loan, Asset Finance, Mortgage, and Cash Advance.
“Reduce your mid-month cash crisis by having access to cash advances and personal loans with Co-op Salary Account,” Co-op Bank states.
No minimum opening or operating balance is required, meaning customers can get started with any amount.
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The features of the account are:
- Minimum opening balance – Nil
- Minimum operating balance – Nil
- No Monthly Maintenance fee
- Salary processing fee applicable
- Access to Asset products such as Unsecured Personal Loan, Asset Finance, Mortgage and Cash Advance.
- Debit card
- Access to a credit card
Requirements to open a Co-op Bank salary account
- Identity card/ Passport- original and copy
- Passport Photo (To be taken at the branch)
- Ksh. 600 for the Debit Card (inclusive of Excise Duty of 20%)
- Copy of KRA PIN
- A letter of introduction from the employer is not required
To get started, visit any Co-op Bank branch countrywide for guidance.
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