There are various options that enable you to pay your fees in Kenya. Most schools are moving away from handling cash because it is risky to handle large amounts of cash at the campus destinations. Therefore, it is important for you to have a vast knowledge and understanding of the various options available to pay fees and their related cost implications.
Bankers Cheque or Draft
They are the most secure form of payment of fees because you ask your bank to write for you the cheque after you have already paid the bank the money. The reason most schools request for this option is because unlike personal cheques, they cannot bounce. Most banks have a service charge for the preparation of bankers cheques and require a period of on average 24 hours for preparation.
Personal Cheque
This option requires you to pay using a cheque drawing from your personal account that is written in the name of the school. It is a quick and easy method and usually has no charges for usage.
Direct Deposit
This is the option that allows for students to make payments directly into the account of the school. Most schools require that the student retains the payment slip as proof of payment. It is also a cheap method as it does not have any charges to make deposits.
Visa or MasterCard
Some schools have PDQ Machines that enable one to swipe their Visa (Debit and Credit) Cards and MasterCards. This is also a hassle free method that attracts the usual transaction fees.
Online and Mobile Platforms
This method of payment only incurs transaction fees related to your personal account in the bank. Most schools allow this method to be used provided evidence is printed and presented to the institution.
In general, most schools do allow people to make payments through various platforms; however the difference comes in when they have to perform the due diligence on the proof of payment. Most people still have to manually update the school as the platforms are still not able to specifically inform the schools in good time.
