Are you interested in becoming a KCB Mtaani agent? As a highly reputable institution, Kenya Commercial Bank (KCB) offers a rewarding opportunity for individuals to become agents and take part in the growing field of agency banking while earning commissions. In this article, we will explore the requirements needed to become a KCB Mtaani agent, its benefits, and the responsibilities involved.
Agency banking is a concept where banks leverage a network of agents to provide basic financial services to customers, especially in underserved areas. With KCB, this approach has helped to extend financial services to remote locations across the country. Currently, there are over 16,000 KCB Mtaani agents spread throughout Kenya, contributing to the bank’s extensive reach and accessibility.
Why you should consider becoming a KCB Mtaani agent
Being a KCB Mtaani agent comes with several advantages. First, it offers a chance to contribute to financial inclusion by bringing banking services to areas where traditional KCB branches are not readily accessible. Also, you can generate income through commissions while offering essential banking services such as cash deposits and withdrawals, money transfers, bill payments, and more. Additionally, KCB Mtaani agents enjoy the backing of a reputable institution, benefiting from its established brand presence and customer trust.
Read also: How to Deposit and Withdraw Money Via KCB Paybill Number
How to become a KCB Mtaani agent
Becoming a KCB Mtaani agent is a straightforward process. The bank has designed a streamlined application process, ensuring interested individuals can easily join the network. First, you need to have the following items:
- ID card
- KRA PIN certificate
- Business license
- KCB bank account
- Two coloured passport-size photos
- A valid certificate of good conduct
- An existing business that has operated for a minimum of 12 months
If you meet the above requirements, visit your nearest KCB branch where you will be issued with an application form to fill out and submit with the above-required documents. After that, wait for your KCB Mtaani agent application to be processed and approved by the bank. Once approved, KCB will provide the guidelines and tools for the job.
How much commission do KCB Mtaani agents earn?
KCB Mtaani agents earn commissions for every transaction they perform. Commissions vary depending on the type and value of the transaction. The table below shows the commissions that a KCB Mtaani agent earns for every transaction as of 2023. Please note that these figures are subject to change, so you should refer to KCB Bank for official confirmation.
| Transaction Type | Transaction Value (KES) | Commission (KES) |
| Cash Deposit | 100 – 10,000 | 10 |
| Cash Deposit | 10,001 – 20,000 | 15 |
| Cash Deposit | 20,001 – 50,000 | 20 |
| Cash Deposit | 50,001 – 75,000 | 25 |
| Cash Deposit | 75,001 – 100,000 | 30 |
| Cash Withdrawal | 100 – 2,000 | 10 |
| Cash Withdrawal | 2,001 – 2,500 | 15 |
| Cash Withdrawal | 2,501 – 5,000 | 16 |
| Cash Withdrawal | 5,001 – 10,000 | 26.50 |
| Cash Withdrawal | 10,001 – 20,000 | 37.50 |
| Cash Withdrawal | 20,001 – 35,000 | 52.50 |
| Cash Withdrawal | 35,001 – 50,000 | 52.50 |
| Cash Withdrawal | 50,001 – 75,000 | 92.50 |
| Cash Withdrawal | 75,001 – 100,000 | 92.50 |
Conclusion
Becoming a KCB Mtaani agent is a great way to earn extra income while running your business. You will also have the opportunity to provide convenient banking services to your customers and enjoy the benefits of being a KCB partner. With a well-defined application process and the chance to be part of a renowned institution, embarking on this journey is both fulfilling and rewarding.
