General FAQ
Can I withdraw or deposit money from any branch of k-Rep Bank?Yes - You can withdraw or deposit cash from any branch of your choice. You can also withdraw money using your ATM card on any K-Rep or Kenswitch or Pesa point ATMs.Does K-Rep Bank extend credit facilities to new business ventures?YesDoes K-Rep Bank give overdraft facilities?Yes. All K-Rep Bank customers can enjoy overdraft facilities.How do I recieve money from abroad?You can now receive international payment(s) directly into your account by providing the sender with the following information:A) For customers to receive funds in USD. K-Rep Bank’s correspondent/intermediary Bank: Bank: Citibank NA Location: New York Swift code: CITIUS 33 Account No: 36201226 Beneficiary Bank: K-REP BANK LTD Swift code: KREPKENA. Beneficiary a/c Number: (indicate your account number) Branch: (indicate your Branch) B) For customer to receive funds in GBP. K-Rep Bank’s correspondent /intermediary Bank: Bank: Dresdner Bank Location: Germany Swift code: DRESDEFF Account no: 4990808801900888 Beneficiary Bank: STANBIC BANK (K) LTD Swift code: SBICKENX Further Credit to: K-REP BANK LTD Account Number: 03 400 80171201 Beneficiary a/c Number: (indicate you account no) Branch: (indicate your Branch) C) For customer to receive funds in EUR K-Rep Bank correspondent /intermediary Bank: Bank: Dresdner Bank Location: Germany Swift code: DRESDEFF Account no: 4990808801900888 Beneficiary Bank: STANBIC BANK (K) LTD Swift code: SBICKENX Further Credit to: K-REP BANK LTD Account Number: 70 400 80171201 Beneficiary a/c Number: (indicate you account no) Branch: (indicate your Branch) D) In addition to the above, you can also receive funds to your account in the following currencies. 1. South African Rands-ZAR 2. Canadian Dollars-CAD 3. Swiss Francs-CHF 4. Japanese Yens-JPY 5. Australian Dollar-AUD 6. Danish Kroner-DKK 7. Swedish Kroner-SEK 8. Norwegian Kroner-NOK 9. Indian Rupees-INR To find out more, visit our dedicated foreign exchange counters at any of our Branches today or call +254-020-3871511/3873148 How is K-Rep Bank different from commercial banks?K-Rep Bank caters and uplifts living standards of the low-income, small and micro entreprenuers who have been absolutely ignored by the mainstream banks. K-Rep Bank takes everyone as an individual with different needs and tailors products to suitable to all Kenyans or group or any other entity.Is K-Rep Bank limited to micro finance only?Certainly not! As a commercial bank, K-Rep Bank provides a wide range of banking services to the general public, corporate institutions, NGOs, MFIs etc. These include: attractive savings account, currents account, foreign exchange services, fixed deposits account and all other banking services offered by mainstream banks.Is K-Rep Bank on line?Yes. K-Rep Bank is branchless.What does K-Rep Bank do?K-Rep Bank is a commercial Bank like any other Bank but specialises micro finance.What is micro finance?It is the providing of loans and banking services to the low income, small and micro entrepreneurs to help them engage in productive activities to better organize their financial lives as well as expand their businesses.What kind of security does K-Rep Bank require?None conventional - K-Rep Bank uses peer pressure mechanisms, the group infrastructure, and savings as the security. |