Toucan Visa Pre-paid Card Kenya : Bank of Africa

Name of the Organization : Bank of Africa – Kenya
Type of Facility : Toucan Visa Pre-paid Card
Country : Kenya

Website : http://www.boakenya.com/

Toucan Visa Pre-paid Card:

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Related :  Bank of Africa Tarajio Savings Plan Kenya : www.statusin.org/6503.html

The Toucan Visa pre-loaded card offers quick, convenient and secure access to cash and an easy way to purchase goods and services. The Toucan Visa Card is accepted at all Visa branded ATMs and merchant outlets worldwide.

You don’t have to hold a bank account in order to acquire the Toucan Visa Card. The card is pre-loaded, meaning that you can use it securely in the knowledge that you cannot run into debt as they will only allow you to spend funds that have already been credited into your card account.

Benefits:
** The Toucan Visa Card can be used by individuals who do not want to use their other debit or credit cards, or those without bank accounts.
** It is suitable for internet purchase as well as shopping at any Visa branded merchant outlet.
** A safe and convenient alternative to carrying cash.
** Allows you to control your budget as you spend only what you want.
** Availability to get cash from all Kenswitch and Visa branded ATM machines worldwide.
** Safer alternative to carrying cash.
** No bank account required by user of card.
** No interest charges on all card accounts.
** Acceptable at over 24 million outlets worldwide, regardless of variation in currency.
** 24-hour customer service support.
** Over-the-counter purchase and recharge at all BOA branches.

Requirements:
The required documents include:
** Certified copy of National ID
** 1 passport – sized photograph
** PIN
** Card fees (Kshs 1,000)

FAQs :
123 Cool Kids Savings Account :
1. Who can open this account ?
This account has been designed for young children, teenagers, parents and guardians. It offers parents and guardians a chance to save for ir children’s future and aims to educate youth and motivate m to develop a healthy savings culture.

2. What is the minimum balance to open the account ?
This account has an affordable opening balance of as low as Kshs. 500 and a minimum operating balance of Kshs. 500. In addition, the account holder will get a Hippo Bank for easier saving if the account balance is Kshs. 700 and above.

3. Are there any ledger fees charged on this account ?
This account does not attract any ledger fees. You will also get free statements of account every half year.

4. Can I access a loan facility to pay school fees ?
Yes. Once you open a 123 Cool Kids Account, you can gain access to the Soma Loan which will help you finance education activities for your children*

5. What rate of interest does the account earn ?
We offer attractive interest rates that are pegged on market conditions.

6. Will there be any children’s activities or fun days for account holders?
BOA organizes “Emptying days” at the branches every vacation where school going children get a chance to empty their Hippo Banks as they interact and have fun with banking officials – these activities introduce them to a saving culture.