Gr8t idea

Is this the new product by KCB targeting youth between 24 and 30?

If so, is this a contradiction:
The new product, dubbed ‘Bankika', is a personal and business package whose clientele will be the working youth on permanent employment.

And then further:
"The young entrepreneurs will be relieved from paying monthly charges and will enjoy unlimited deposits and withdrawals,"


Thought young entrepreneurs and working youth on permanent employment are two different groups?

http://www.kbc.co.ke/story.asp?ID=63066

Aaaaah, the nostalgia of youth
The colour, the freshness, the vitality
Bankika na KCB has got me piqued,
but alas, the account is not for me

http://www.bankikanakcb.com/website/index.html

Signs of midlife crisis

KCB is the only bank I know of which charges a fee to deposit a dividend cheque. That is to say, as long as the cheque you are depositing is for a dividend you are receiving from your shareholding in any company and you deposit it in an account you have with KCB (savings, current, whatever the account) they charge you because its "a dividend cheque". Very funny. I am not talking of upcountry cheques nor am I talking about encashing a cheque, this is a simple local cheque deposit.

When they charged me for depositing a dividend cheque I received from my shareholing in the same KCB, thats the explanation they gave.

layman has a point here, i mean you have already paid withholding tax why pay another charge to deposit a cheque?. When you go to the AGM and bring up the matter you will be told to go to hell since you are minority share holder. Remember one shareholder by the name Shah raising certain issues way back and being told his views did not matter. Best solution is to get a saving account with a bank that does not charge for deposits.( try bank of India)

...enjoy ur gud fortune while it lasts...

Why wud u be charged for depositing a dividend chq? Si, a chq is a chq not matter whose it is?

@kyt - Many banks charge for depositing cash... but I use I&M which has no funny charges for depositing local chqs or cash (lakini maybe its my type of account... i.e. what I chose for my needs) but I hardly deposit cash anyway!