M-Sacco is an M-banking platform that Waumini launched in 2014 which enables our members to transact through their mobile phones at their convenience and comfort of their work places/homes. This solution has since become a channel of choice to our members. Members fill an M-Sacco application form and submit to the Sacco for processing.
By dialing *346# members get the following services;
Withdrawal - Allows member to make withdrawals from their FOSA\Service accounts
Balance enquiry - Members can enquire their account balances e.g Loans, Shares, deposits and other FOSA accounts
Loan Repayment - This service allows members to repay their loans e.g BOSA and FOSA loans
Mini-statement - Members can get a mini-statement for the last 5 transactions
Change Pin - Members can change their Pin numbers as they wish
FOSA to BOSA transfer
Inter FOSA transfer
We also have other upcoming M-banking products and services including;
How to use M-Sacco
A member has to be registered by filling application forms available in most of the units, online (downloads) and at our offices customer care. Attach copy of Identity Card (ID). Registration applies to M-Pesa registered Safaricom lines only.
Once registered, you will receive an SMS from 21333 containing a four digit number known as Start PIN. This PIN MUST be changed for you to access M-Sacco menus.
Dial *346# to change the Start PIN and enter new PIN (4 digit number). Many members tend to forget their M-Sacco PIN; we advise that you use your M-Pesa PIN so that you don’t forget easily.
After changing the PIN, you will receive an SMS informing you that you have successfully changed your M-Sacco PIN. From this point if you dial *346# you will be able to access the M-Sacco menus.
M-Sacco Deposits option is not available on the M-Sacco menu when you dial *346# however, this option can be accessed through M-Pesa Paybill option and when prompted to enter business Number enter 700100 (Waumini Sacco Paybill Number) followed by your Membership Number (BOSA).
You will receive a confirmation message of the Deposit made.