MSACCO (Online SACCO Services)
Under MSACCO, you are able to deposit and withdraw money to and from your account directly using your phone either by USSD or the MSACCO mobile application.
MSACCO Features
1. DEPOSIT - Members or non-members can make deposits onto their savings accounts.
2. WITHDRAWAL - Members can make withdrawals from their savings accounts.
3. LOAN REPAYMENT - This service allows members to repay their loans
4. MINI-STATEMENTS - Members can get Mini-Statements for the last 5 transactions.
5. SACCO BALANCE ENQUIRY - Members can enquire their savings account balances.
6. SMS ALERTS - Members receive SMS alerts for deposits, withdrawals, loan approvals, loan disbursement, loan due installment.
Charges applicable to MSACCO transactions
Transaction
| Transaction Range
| Total Charge
| FLT Share
| SACCO Share
| Over the counter transaction charge
|
Deposit
| 1,000-200,0000
| 1,150
| 575
| 575
| 2,000
|
200,001-1,000,000
| 2,000
| 1,000
| 1,000
| 4,000
| |
1,000,001-3,000,000
| 5,000
| 2,500
| 2,500
| 10,000
| |
3,000,001-5,000,000
| 6,000
| 3,000
| 3,000
| 12,000
| |
Withdraw
| 1,000-200,0000
| 2,300
| 1,150
| 1,150
| 4,600
|
200,001-1,000,000
| 3,000
| 1,500
| 1,500
| 6,000
| |
1,000,001-3,000,000
| 5,000
| 2,500
| 2,500
| 10,000
| |
3,000,001-5,000,000
| 6,000
| 3,000
| 3,000
| 12,000
| |
USSD Inquiry
| N/A
| 200
| 130
| 70
| N/A
|
Transaction Alert
| N/A
| 200
| 130
| 70
| N/A
|
CRB
| N/A
| 10,000
| 6.000
| 4,000
| N/A
|
NIN Verification
| N/A
| 2,000
| 1,000
| 1,000
| N/A
|