- Fees Collection Account
Account Features
- Designed exclusively for institutional fee collection
- Supports bulk deposits from students or guardians via cash or mobile money
- Allows free over-the-counter withdrawals for authorized school representatives
- Integrates with SACCO’s alternative banking channels, including Msacco and School Plus
- Offers a clear transaction history for reconciliation and reporting
Benefits
- Makes school fee payments easy and traceable
- Saves time for school administrators with simplified record keeping
- Eliminates risks associated with cash handling
- Enables real-time access to fee records (when used with School Plus)
- Improves transparency and accountability to parents and boards
Required Documents
- School registration certificate
- Letter of introduction from school administration
- National IDs of authorized signatories
- Board resolution or minutes approving account opening
- Completed SACCO account application form
Fees
- No monthly charges
- No transaction fees for over-the-counter services
- Integration and system setup fees may apply (for School Plus platform, if activated)
How to Open This Account
Visit your nearest SACCO branch with your school documents and authorization letter. Our team will assist you in opening the account and setting up any integrations like School Plus
- Explore Our Other Savings Accounts
Alternative Banking Channels
We believe that savings are the cornerstone of financial success. Our savings accounts empower you to take control of your financial future, plan for important milestones, and secure your family’s well-being. Here are some of the alternative banking channels
Mobile Banking
TO TRANSACT USING MOBILE MONEY
- Dial *165*6*3# on Mtn *185*7*3# On Airtel
- Enter Sacco ID (Sacco ID is MSACCO)
- Enter 1. to proceed
- Select 1. Deposit
If you would prefer a custom saving account with personal preferences
