@Boris - You totally missed the question!!! What @Chaka is asking is, what will stop a crafty parent for example, from walking into a banking hall, filling in a deposit slip and getting it stamped and walking out without depositing the money??? There is no one to confirm if the money has actually been deposited! The parent then forwards the deposit slip to the school to buy himself some time before getting money and actually depositing money weeks later. All he has to do is to walk back to the school and tell them there was a problem with the previous transaction and present the new slip. The school will soon catch on and will no longer accept the slips as proof of payment!!!

And this was even happening before to some extent. I was paying school fees for someone and the fee structure they presented to me read "we don't accept deposit slips from Coop kwa Jirani". The school's account is at Coop!!! They must have experienced some funny things with Coop kwa Jirani slips!!!

@Maichblack noted. However,you also missed my points. By saying that i meant non verifies. Also read all after Filling.......I have talked of basing on morals. Am not a coop employee. I had to give all sides of the the verification,i understand you're glued to the parents school fees issues...

1) People don't trust you!! Don't kid yourself! That is why they insist on proof of payment. And that applies to all businesses. Otherwise they would just tell you how much to pay and where and that would be the end of the story!

2) School fees payment was just one example. And I chose it for two reasons. One, I have an experience with it - "We don't accept Coop kwa Jirani slips". Two, most schools, colleges and universities insist on cash deposits in their accounts. No personal cheques, bank transfers etc. Some even discourage/decline bankers cheques to make their operations smoother. Schools are therefore a good example when it comes to cash deposits.

Is it something like this?

Remember the chill pills you once gave me?? go take some because you are now confused. Disclaimer :AM NOT a coop employee or consultant...mimi ni customer. ill be back shortly.

@vvs - Wachana na Amos Wako. He is the small fish in opposition. Yani umeangalia all those corrupt fellows with mega scandals and it is only Amos Wako's name that came to your mind??? Eish!!!!

[quote=murchr]The battle for local market that has seen Co-operative Bank edge out Equity Bank from second position has been replayed by middle-tier banks that have grabbed a larger share.

Mid-tier lenders have snatched assets, customer deposits and market share over the past two years from large and small-tier counterparts, data from Central Bank of Kenya shows.

The 16 banks classified in the middle category have seen their asset base grow to Sh1.37 trillion at the end of 2014 representing 42.7 per cent of the industry total of Sh3.19 trillion, with customer deposits at 41.6 per cent of the industry total of Sh2.29 trillion.



http://www.businessdaily...2/-/6mk3ub/-/index.html[/quote]

this is a bank whose HQ was bombed and they rose from ashes.. a little history never hurts

Which was duly eaten in Nyahururu!!!!!!

The beauty with being a consultant is that you never take any responsibilities.

If the startegy does not work , the fault belongs else where e.g the implementers, finces, climate even the air