Student Savings Account

PRODUCT DESCRIPTION

This is an account for students in university or college. The account will enable students to access money conveniently through mobile banking and BOA Debit Card.

TARGET MARKET

Tailor-made for college and university students between 18 – 25 years

FEATURES

• The minimum opening and operating balance is Kshs 500
• Minimum operating balance to earn interest – Kshs 5,000

BENEFITS

• No over-the-counter withdrawals
• Withdrawals restricted only to ATMs and mobile banking
• Half-year statements
• Kshs 100 for school fees Banker’s Cheque

REQUIREMENTS & DOCUMENTATION

Documents required to identify students include:

• Introductory letter from college or university
• Original National Identity card and a student ID card
• KRA Pin certificate

CHARGES & FEES

• No monthly service/maintenance charge