BOA Payroll Account

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This is a corporate salary processing current account that enables employers to conveniently transfer staff salaries.

Target Market:

  • Employers


  • Provide a comprehensive service to employees at low administrative costs
  • Facilitates easy and cost efficient electronic salary processing and salary payments to all staff
  • Free internal funds transfers to salary accounts maintained
  • Grow the Bank’s non-interest income


  • Payroll agreement to be signed between BOA and the company
  • BOA-K to install software which remains the proprietary asset of the Bank
  • Employee data to be loaded in software provided by BOA-K
  • A charge of Kshs 100 per item for external funds transfer
  • Employer avoids cost of cash in transit
  • Our IT and relationship team will give you support at no extra charge when needed


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