A dedicated account for schools to streamline fee collection, improve transparency, and integrate payments with school systems.
Features
- Easy fee collection and reconciliation
- Mobile school payment solution
- Remitting of payment to suppliers
- Finance buying equipment
- Establish a fully integrated paybill option. Alerting the parent and the receiving school
How does it work?
To ensure maximised cash efficiency in your business, we have tailored cash management services to enable you to focus more on business generating activities. Let us help choose the right service for your real estate (rental) business, school, stores etc.
Want to know more about School Collection Account?
If you want to know more, we've put together some frequently asked questions for you.
Low entry amount of KES. 2,000 including a cheque book 50 leaves.
You can earn interest of up to 5% p.a on average balances above Ksh. 2M.
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
This account is suitable for:
- Primary Schools
- Secondary Schools
- Polytechnics
- Colleges or Universities
Yes, you can withdraw a minimum of KES 100 Up to KES 500,000 and if you withdraw over KES 500,000, you will be charged interest of 0.2%.
Let's talk
Share your details and we'll get in touch as soon as possible.