There are several bank accounts to open at Cooperative Bank.Below are the requirements for opening each of the accounts:

Current Account

Requirements

  • Original ID Card or Passport as well as a copy
  • 1 referee
  • Minimum opening balances
    • Ksh 5,000 for individual account
    • Ksh 10,000 for companies or co-operative societies
  • (However, the above opening amounts are subject to change from time to time)
  • For companies, Memorandum and Articles of Association, Registration Certificate and Directors’ Resolutions are required.
  • Copy of KRA PIN

Monthly maintenance fee is Ksh 300 only.

Hekima Savings

Requirements

  • Original ID Card or Passport as well as a copy
  • Copy of KRA PIN

Minimum operating balance is nil.

Salary Account

Requirements

  • Identity card/ Passport- original and copy
  • Passport Photo (To be taken at the branch)
  • Ksh. 600 for the Debit Card (inclusive of Excise Duty of 20%)
  • Copy of KRA PIN
  • A letter of introduction from the employer is not required

Operating balance is nil

Children’s Account (Jumbo Junior)

Requirements

  • Parent’s or guardian’s original ID Card as well as a copy
  • Copy of birth certificate of the child
  • Minimum opening / operating balance of KES 500
  • Debit card (optional) @ KES 600
  • Copy of KRA PIN

Interest payable is 3%.

Goldfish Access Account

Requirements

  • Original ID Card or Passport as well as a copy
  • One referee
  • Minimum opening balance of Ksh 50,000
  • Copy of KRA PIN

This is an account for rich people. Minimum operating balance is Ksh 50,000 and monthly maintenance fee of Ksh 400 for balance below minimum.

Youth Account (Young Ennovators Account)

Requirements

  • Original ID Card as well as a copy
  • Copy of KRA PIN





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February 10, 2024

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