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.