Banking for Unbanked

Skul Pikini Saver

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Passbook Colour Green
Purpose To encourage mainly savings for school fees and other school items.
Target Market Students between the age of 10 and 20 years.
Requirements to Open Account 1.       Completed Application form

2.       Student ID

3.       Confirmation letter from School Principle/Head Master.

Account Opening Fee

(PBK Fee)

Initial Deposit/Minimum Balance K10
Account Closure Fee
Closing Balance Amount Fee
K25 and below K25 Forfeited
K26 – K500 K25
K500 and above 5% of closing balance
Monthly Fee

(Account Keeping Fee)

Transfer Fee Strictly no transfers
Withdrawal Fee Free
Cash Handling Fee Free
Cash Counting Fee Free
Account Activation Fee K5.00
Passbook Replacement Fee K25 – if passbook is lost/damaged

K10 – if passbook is full

ATM Card Fee N/A
ATM Card Replacement Fee N/A
ATM Withdrawal Fee N/A
Balance Enquiry N/A
Online Payment Fee K10
Credit Transfer Fee ANZ – K80

BSP – K10

Dishonoured Cheque Fee

(All Cheque Deposits)

Cheque Clearing Fee

(All Cheque Deposits)