The Co-operative Bank of Kenya (Co-op Bank), is offering young people and students an opportunity to build financial independence through digital banking, savings and payment services tailored to their needs.
Through its Young Ennovators Account (YEA), the bank is offering access to a range of banking services through the YEA App, a mobile banking platform that enables users to manage their finances, transfer funds, make payments and access other banking services conveniently from their mobile phones.
The YEA account targets students aged 18 years and above, providing tools to help them manage their finances while pursuing their education.
Through the application, students can manage allowances, monitor student loan funds and track expenditure, supporting better financial planning and responsible money management.
The account also offers exclusive discounts on essential goods and services, alongside opportunities to participate in financial wellness programmes and business webinars.
Also Read: Co-op Bank targets cereal farmers with financing to boost production
Savings and Digital Banking Features
The YEA App provides several banking and savings features aimed at promoting convenience and financial discipline among young customers.
Users can open Kenya shilling and US dollar accounts instantly online, access goal-based savings and earn interest through a Money Market Fund (MMF) account with investments starting from Sh100.
The app further allows customers to view recent transactions and account statements, apply for virtual cards, access card statements, and monitor transactions.
Additional services include funds transfers and bill payments for utilities and entertainment services, including Kenya Power, water providers, and GOtv.
Customers can also access mobile loan services through the platform, including loan applications, eligibility checks, statement viewing, repayments through M-Pesa or bank accounts, and loan top-ups.
The app further provides credit card management services, allowing customers to block or unblock cards, set spending limits, make card payments, and withdraw cash from their cards.
Beyond banking, account holders can participate in exclusive financial, wellness and business webinars, as well as events and activations designed to support their development.
Requirements for Opening YEA Account
To open a YEA account, applicants must have a National Identity Card or Maisha Card, a Kenya Revenue Authority (KRA) PIN, a valid email address and a minimum opening deposit of Sh500.
How to Download the YEA App
Customers can register for the YEA App by dialing *667# or downloading the application from the Google Play Store.
Once installed, users are required to register by completing the prompts, after which they receive an SMS confirmation.
Customers requiring assistance with PIN registration can contact the bank through 0703 027 000 or 020 277 6000.
Also Read: Co-op Bank surpasses water financing target with Sh4.39bn loans
