Kenya Bankers Saving and Credit Co-operative Society recorded 30 years of steady growth on 14TH February 2005. As a mark of achievements made during this period, the Sacco has produced this brochure to update the esteemed members of the various products and services currently available.

Business No: 400444

Safaricom subscribers who are registered M-PESA account holders can now use their phones to remit funds to Kenya Bankers Sacco.

HOW TO DEPOSIT FUNDS TO KBSACCO & GET AN AUTO-CONFIRMATION:

1. Select “Pay Bill” from the M-PESA menu
2. Enter Kenya Banker’s Paybill No 400444.

 

(a)Enter the account number in full e.g.

20018333211 whereby 18333 is your Membership Number while 211 represents the Main Savings Scheme.
20018333251 whereby 18333 is your Membership Number while 251 represents the Main Loan Account.
20018333411 whereby 18333 is your Membership Number while 411 represents the Education Savings Scheme.
20018333451 whereby 18333 is your Membership Number while 451 represents the Education Loan Account.
20018333711 whereby 18333 is your Membership Number while 711 represents the Micro Savings Scheme.
20018333551 whereby 18333 is your Membership Number while 551 represents the Micro Loan Account.
20018333151 whereby 18333 is your Membership Number while 151 represents the Emergency Loan Account.

 

(b)Enter membership No: e.g. 18333 & deposit one lump sum amount e.g. Ksh 30,000

The lump sum amount is distributed into your shares & loan account as follows:

Risk-Ksh 200

Main shares-Ksh 1,000

Loan balance- Instalment due amount

Education shares-Ksh 500

Micro shares-Ksh 300

....and any remaining amount goes to Main Shares account.

 

(c)Enter Fosa(Member No) e.g. Fosa18333 for direct deposits into your FOSA account

 

3.Enter Amount to pay

4.Enter your M-PESA PIN

5.Confirm that all details are correct

6.Send

Upon sending you will receive a confirmation SMS from M-PESA immediately. You will also receive an SMS from SpotCash notifying you of the A/C name & A/C type the money has been deposited into.