The KCB M-PESA account is a paperless mobile based bank account that will be offered exclusively to M-PESA registered customers. KCB M-PESA Account will have zero minimum balance and will provide customers with the ability to:
- Save from as little as KShs.1 and earn interest of 2% p.a.
- Borrow loans with a facility fee ranging from 4% to 6% per month
- Save for a fixed period of time (Fixed Deposit Account) or Target Savings Account where you save little by little for a set period.
Place standing orders from:
- M-PESA to KCB M-PESA Account.
- M-PESA to Fixed Savings or Target Savings Account.
- KCB M-PESA to Fixed or Target Deposit Account.
- Transfer money in and out of the KCB-M-PESA Account at no charge