How to Become a KCB Agent and Commission Earned

by | Mar 2, 2023 | BUSINESS | 0 comments

KCB Bank has over 12,000 agents around the country delivering banking services close to customers, right within their neighborhood. You can become a KCB Bank Mtaani agent and earn a commission whenever a customer performs transactions like withdrawals and deposits in your agency shop.

It is not difficult to become a KCB Mtaani agent. You will only need to meet a few requirements before becoming an authorized KCB agent in your area.

Services offered by KCB bank Mtaani agents include:

  • Cash deposits
  • School fees payments
  • Rent payments
  • Bill payments
  • Funds transfer
  • Balance inquiries
  • Mini statement requests
  • Account opening
  • NHIF, NSSF and KRA payments

Read also:

  1. Cooperative Bank Agent Commission and Withdrawal charges
  2. Equity Bank Agency and Equitel Money Transfer Rates

How to Become a KCB Mtaani Agent

KCB gives business owners a chance to sign up to become KCB bank Mtaani agents and go ahead with the bank’s journey of bringing revolutionary banking services and solutions closer to customers.

Here are the requirements for becoming a KCB agent:

  • Have a bank account with KCB
  • Two colored passport size photos
  • Pin certificate
  • Identification document
  • A valid certificate of good conduct
  • Business license
  • Existing business must have operated for a minimum of 12 months
  • Fill application forms from the nearest KCB branch
Read Also:   List of Banks and their MPesa Paybill Numbers in Kenya

KCB Mtaani Agent Commission on Cash Deposits

Commission you make as a KCB agent depends on the amount deposited or withdrawn. The table shows how much commission a KCB Mtaani agent can make on cash deposits.

At KCB Mtaani agents, you can make cash deposits to a maximum of Ksh. 100,000, free of charge.

Deposit Limits (Ksh) Agent Commission (Ksh)
100 – 10,000 10
10,001 – 20,000 15
20,001 – 50,000 20
50,001 – 75,000 25
75,001 – 100,000 30

KCB Mtaani Agents Commission on Cash Withdrawals

The table reveals the commission earned by KCB agents on cash withdrawals and the withdrawal tariff charges;

Withdrawal Limits (Kshs) Charge (Kshs) Agent Commission (Kshs)
100 – 2,000 20 10
2,001 – 5,000 30 15
2,501 – ​​ 5,000 32 16
5,001 – 10,000 53 26.50
10,001 – 20,000 75 37.50
20,001 – ​​ 35,000 105 52.50
35,001 – 50,000 105 52.50
50,001 – 75,000 185 92.50
75,001 – 100,000 185 92.50

Disclaimer: These rates are subject to change at any time at the discretion of KCB bank.

Also read:

  1. List of KCB Bank Branches in Kenya and Their Contacts
  2. How to Apply for Co-operitive Bank Mco-op Cash Loan
  3. Kenyan Banks Paybill Numbers, Mpesa Paybill Numbers for Banks
  4. Bank USSD Codes in Kenya, Short Codes for Mobile Banking
  5. List of Mobile Loan Apps in Kenya and their Interest Rates
Read Also:   Safaricom Mpesa Agent Commission Rates 2023

You Might Also Like…


Submit a Comment

Your email address will not be published. Required fields are marked *