How Much Commission Do Co-operative Bank Agents Earn?
- The beauty of being a co-operative bank agent is that you earn a commission even on balance inquiries and Mini statements.
Becoming a cooperative bank agent can be one of the best ideas to make real money. Many Co-operative bank agents earn a commission of between Sh.20 to Sh.70 per transaction.
The commission earned by co-operative bank agents is both on deposits and withdrawal. If you are running a Co-operative bank agency, you also stand a chance to earn more through service utility transactions like water and electricity payments made through cooperative accounts.
The beauty of being a co-operative bank agent is that you earn a commission even on balance inquiries and Mini statements.
If you are running an M-Pesa shop, making your shop double up as a Co-operative bank agent shop can be a good boast for your business. You can easily request and apply for Co-operative bank agent by visiting the nearest co-operative bank branch around you for application and processing of your request.
Here is what you stand to earn in terms of commission as a Co-operative bank Agent
Cooperative Bank Agent Commission On Withdrawal
Amount (Kshs) | Charges (Kshs) | Agent Commission (Kshs) |
---|---|---|
50 – 2,000 | 50 | 20 |
2,001-5,000 | 50 | 20 |
5,001-10,000 | 70 | 30 |
10,001-20,000 | 80 | 35 |
20,001-30,000 | 100 | 45 |
30,001-40,000 | 120 | 55 |
40,001-50,000 | 140 | 65 |
50,001-100,000 | 250 | 120 |
Cooperative Bank Agent Commission On Deposit
Amount (Ksh) | Charges (Ksh) | Commission(Ksh) |
---|---|---|
100-14,999 | FREE | 10 |
15,000-19,999 | FREE | ;/ 15 15 |
20,000-29,999 | FREE | 20 |
30,000 AND ABOVE | FREE | 30 |
UTILITY (WATER & KPLC) | 50 | 25 |
BALANCE ENQUIRY | 10 | 5 |
MINISTATEMENT | 20 | 10 |
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