Sacco Banking

KCB Bank has developed flexible collection solutions that integrate our systems with SACCO systems, enabling SACCOs and their members to deposit savings, shares, and loan repayments conveniently through KCB Bank channels. Funds received at KCB Bank are reflected on SACCO systems and credited to the beneficiary SACCO or customer accounts in real time.
These collection solutions include:
• Real-time cash deposit solution
• Incoming PesaLink
• Incoming SWIFT and RTGS
• Cheque truncation (outward)
• Direct debits
• Standing orders
• KCB mobile banking

KCB Bank has developed flexible payment solutions that integrate our systems with SACCO systems, enabling SACCOs and their members to make withdrawals from their FOSA accounts conveniently through KCB Bank.
Payment solutions include:
• Co-branded cheques
• Outgoing PesaLink
• Outgoing SWIFT and RTGS
• Co-branded debit cards (with card management system)
• Cardless ATM withdrawals
• KCB Pay (bulk payments)

KCB Bank facilitates SACCOs to offer guarantee instruments to their members engaged in trade. This presents SACCOs with an opportunity to generate additional revenue through a revenue-share model on commissions charged to customers.
These guarantees include:
• Bid bonds / tender securities
• Performance bonds
• Advance payment guarantees
There is also an opportunity to further structure complex trade finance instruments.

KCB Bank offers a variety of loan facilities to SACCOs, tailored to their evolving needs and on flexible terms. These facilities include:
• Long-term loans (on-lending facilities)
• Short-term working capital loans
• Overdraft facilities

KCB Bank offers call deposit and fixed deposit agreements, providing SACCOs with opportunities to maximize returns on savings placed with the Bank through short-term and medium-term contracts at competitive rates.