KCB M-PESA is a loans and savings product exclusively offered by KCB Bank Kenya Ltd to Safaricom M-PESA
Be a registered and active Safaricom M-PESA customer.
The cost for the one month loan is 8.64% including excise duty applicable on fees.
Money in and out of the KCB M-PESA Account is ONLY available through M-PESA.
There are two Savings accounts available on KCB M-PESA
• KCB M-PESA
• KCB M-PESA
No. Opening is free.
Upon successful opt-in, the minimum amount to begin saving is Kshs.50, thereafter you can save with any amount you
desire. Once you have deposited the savings amount into the account, you will receive an SMS acknowledging the
amount you have saved and period chosen.
***for savings exceeding Kshs. 250,000.00, a customer will be requested to visit any KCB branch to submit further
documentation for identification purposes.
At the end of the period, an SMS will be sent to you from KCB M-PESA informing you of the maturity, the amount saved
plus interest earned
Yes, you can access your funds before the end of the period. Target savings can be unlocked anytime except;
Money saved in the Target and Fixed Savings accounts earn interest at 6.3% p.a.
For Target Savings you earn accrued interest up to the date of withdrawal however for Fixed Savings you forfeit the interest.
To track progress of your savings;
Yes. If you are listed on CRB you can still save with KCB M-PESA.