National Bank Agents

Who can be an agent?

• Sole proprietorships
• Limited Liability companies
• Partnerships
• Societies
• Cooperative societies
• State corporations
• Trusts
• Public entities through consent from a regulatory body

What are the requirements to become an Agent?

In order to qualify to become a National Bank Agent, the applicant should have been carrying out legal and a registered business for the last 18months and should be financially stable; in addition, the applicant’s CRB records for the past 18 months should be favorable.

Below is a list of documents required when applying to be an Agent:

• National IDs
• KRA pins of the directors
• Valid Certificate of good conduct
• Latest Bank statement of 18 months/ CRB report
• Two passport size photos of the directors/owners of the business
• Photo of the business premises.
• Valid business license or permit
• Must have been in operations for the last 18months and operating a legal business.
• Certificate of incorporation/Certificate of registration
• Memorandum and Articles of Association for a company

The applicable fees to facilitate approval are:

• POS Lease fees -Kes. 6,000
• Minimum Float requirement Kes. 20,000 Maximum Kes 100,000