Ordinary savings account

Ordinary savings account

This Account is a withdrawable deposit account that members use as a transaction account and can also be used for savings purposes. The account caters for members’ regular transactions like salaries and loans disbursmsent; cash and cheque deposits; electronic funds transfers; standing orders etc.

The account operates as follows:-

  • The account maintenance balance is Ksh.200
  • The Ordinary Account holders are eligible for Mobile banking,ATM card services which shall be issued and operated in accordance with the Society’s ATM card procedure.
  • A member can make regular savings to the ordinary Account through a check-off arrangement with the employer.
  • The account attracts no monthly charges or account maintenance fees.
  • Withdrawal fees shall be in as stipulated in the Fosa Tariff Guide.
  • Maximum withdrawal limits will be in accordance with the Fosa Tariff Guide.