Faulu Microfinance Bank is excited to announce major improvements that will make the Microfinance Bank’s customers’ everyday banking experience faster, more reliable, and more convenient.
These improvements follow Faulu’s successful integration with the Automatic Clearing House (ACH)—a system rolled out in collaboration with the Kenya Bankers Association (KBA) and the Central Bank of Kenya (CBK) to speed up payments and improve the overall banking experience for customers across the country.
Thanks to Faulu’s admission to the clearing house, Faulu customers will now enjoy quicker turnaround times when sending or receiving money, whether through mobile banking, internet banking, or at any of our branches.
- Faster Payments Across Banks: When you send money to another bank account in Kenya, the transaction will now go through faster—no more long waits or delays.
- Next-Day Access for Local Cheques: If someone pays you by cheque in Kenyan shillings, your money will now be available the next working day.
- Quicker Clearance for Foreign Cheques: If you receive a cheque in foreign currencies like US Dollars, British Pounds, or Euros, you’ll now have access to your funds within just two working days (compared to the previous 1–3 weeks).
Faulu has also made it easier for business customers to process bulk payments such as salaries, vendor payments, insurance premiums, and dividends. This means faster, smoother operations for schools, churches, county governments, and other institutions across Kenya.
These upgrades are part of Faulu’s broader commitment to delivering modern, customer-focused banking services that keep up with the customer’s needs.
Julius Ouma, CEO of Faulu Microfinance Bank, shared, “We know that time matters when it comes to your money. These improvements are about giving you more control, more convenience, and more confidence in your day-to-day banking. Whether you’re running a business, supporting your family, or managing your finances, Faulu is here to make your banking experience faster, easier, and more dependable. That’s our promise to you.”
With these advancements, Faulu is not only enhancing speed and convenience but also reinforcing its role as a trusted banking partner for individuals, families, and businesses across Kenya.
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