BACKED BY OLDMUTUAL
Grow your businessWith a Boda Boda Account,
dreams are turned into a reality.

What is Boda Boda Account?

While in the transport business, we know it’s your dream to grow your fleet. The Boda Boda Account is tailored for you as a rider or business owner, it helps you efficiently manage payments and access financing for new bikes and purchase genuine parts at negotiated rates.

Venturing into the transportation industry is made easy with this account. It is affordable and flexible to operate. Let’s walk with you to grow your transport business today.

What's in it for you?

  • Access to loan facilities (80% financing for the first motorbike, 100% on the second motorbike)
  • Access to 100% financing
  • Access to discounted spares from Faulu’s accredited dealers
  • Graduated financing to Tuk Tuk or Matatu based on the number of motorbike fleet owned
  • Daily savings through mobile banking platform

How does it work?

  • Provide easy access for savings and financing to Boda Boda operators, promoting them to the next level i.e. Tuk Tuk, Matatus
  • Acquisition of motorbikes
  • Assistance with replacements/upgrades
  • Unlimited number of transactions from any channel
  • No monthly ledger fees

Want to know more about Boda Boda Account?

If you want to know more, we've put together some frequently asked questions for you.

    You can deposit money into your account in any of the following ways:

    Over the counter on any of our branches, inter-account transfers, RTGS Standing instructions and through mobile deposits. Some products may require specific ways to deposit funds into your account.

    You may make withdrawals by visiting any of our branches, using your ATM card at visa points, inter-account transfers and through mobile withdrawals. Some products may limit which mode of making withdrawals best works for your type of business.

    After 90 days of no activity, an account will be considered inactive. After 180 days of account inactivity, the account is considered dormant. You shall be required to request in writing to reactivate your account.

    The current withholding tax will be debited from your account for interests earned on deposits while excise duty will be levied on all transactions done.

    Visit us at any of our 57 outlets and get to enjoy a range of financial solutions that are designed to help you effectively manage your finances and grow your wealth.

    With the Faulu Visa Debit Card you get to enjoy hassle-free transactions. The card allows you to access your funds via Visa branded ATMs and pay for goods and services at no charge at any Visa-branded merchants such as gas stations, supermarkets, hotels etc. Make your everyday spending simple and convenient!

    The Faulu Visa Debit Card benefits you with the following:

    • Free of charge transactions when you swipe at merchants
    • You get to enjoy safe and convenient transactions
    • The card allows you to track and control your spending
    • 24/7 access
    • Cash withdrawals via VISA branded points

    Did you know you can bank with us right in your neighbourhood? With our network of over 600 agents, you can conveniently access our banking services.

    What you can do at a Faulu agent:

    • Cash deposits to any Faulu account
    • Cash withdraws from your Faulu account
    • Open an account
    • Utility bill payments for water, DSTV, electricity
    • School fees payment

    Enjoy longer hours of banking when you visit one of our agents, here's a list of agents.

    Bank at the palm of your hands anytime, anywhere with the Faulu Mobile Banking. Simply dial *339# and enjoy the following benefits:

    • 24/7 banking services
    • Transact conveniently
    • Secure transactions – you will get verifications prompts before authorizing any payments
    • If you are a group customer, you get access to chap chap mobile loans

    Services available on Faulu Mobile Banking:

    • Account funds transfers
    • Balance inquiry and mini statements
    • Transfer money from your account to your M-Pesa wallet and vice versa
    • Utility Bill Payment (DSTV, KPLC, GOtv, Nairobi Water, ZUKU)
    • Airtime top-ups; Safaricom, Airtel & Telkom