Front Office Services Activity
FOSA (Front Office Services Activity) is a SACCO product that offers basic banking services like those offered by commercial banks however, we are not a clearing agent. Nyati FOSA was the first in the industry offering Virtual Services, most of the services are done using the mobile.
To access FOSA services/open an account, dial *879#
Some of the Benefit of FOSA: Offers affordable and convenient savings avenue for cash transfers, to deposit and withdraw money without having to carry cash and ability to fast track loan.
FOSA Services
- Salary Processing
- Back Office Loan Payment
- Dividend/interest payment
- Cheque Clearance
- Sale of Bankers Cheques
- ATM Services
- MSACCO
- Cash Withdrawal/Deposits
- Standing Orders on Savings and loan repayments
Fosa Savings Accounts
- Ordinary Savings Account(M Chapaa)
- Junior Savings Account
- Fixed Deposits Savings Account
- Special Savings account
- Retirement Savings Account
- Microfinance/Group Savings
Benefits of a Savings Account in The FOSA
- Salary processing
- Visa branded ATM cards
- Standing orders both external and internal
- Sale of Banker’s Cheques
- Affordable loan facilities
- M-SACCO
- Payment of dividends and interest is done earlier
- Access to Mshahara Loan if your salary is channelled through FOSA
- Can Access Cash easily and faster
- Various channels for saving