FOSA is an acronym for Front Office Services Activity. It’s a department within the Sacco that offers basic banking services similar to those offered by commercial banks.

FAQs – Nation DT Sacco

Q: How safe are my deposits in the Sacco?

We are a deposit taking Sacco that is regulated by the Sacco Societies Regulatory Authority (SASRA) which closely monitors the financial operations of Sacco’s. It ensures the member’s funds are safe.

Q: FOSA account holders are issued SACCO Link VISA electron cards. Are they different from other Visa cards?

VISA cards enables FOSA account holders to access cash in their account any time and from any visa branded outlets. They can also be used to shopping and payment of utility bills at all VISA compliant points.

Q: What is Salary Processing?

This is the payment of member’s net pay/salary through the FOSA account. Your employer will remit your net pay into our account which you will access directly from your FOSA account.

Q: Who qualifies to open an Account in FOSA?

All SACCO members are encouraged to open an account with FOSA because most member transactions like loan and dividend payments are done through the FOSA accounts.

Q: Can I self-guarantee my loans?

Yes. If your savings are more than loans held and you have not committed.

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