@ Mainat
i had a very nasty experience with I&M early this year and i had to close my account.
i deposited a cheque on a monday and it was not until the following tuesday that i copuld access the cash.
In the account that i had, over the counter withdrawals was not allowed, yet i was never informed this when i asked when opening the accont.
the shock came when i wanted to withdraw 50k for an emergency: i was told that its not possible under whatever conditions. i even asked the operations manager to approve and i was advised to close the account so that i can access the cash
which i did and forgot I&M for good.

@Ali;
Kwani what type of account was that? Was it a fixed deposit or the new "Recurring Deposit"...essentially a fixed deposit that allows you to increment your balance continuously without having to go through the paper work again?

@V-V-S; read the brief history here.... http://www.imbank.com/inner.asp?cat=history

I had many accounts with that establishment..

for one simple reason...

Bank in Kenya...

to build Kenya.....

You will not catch me alive...

or dead.....

banking in a foreign bank....

Patriotic Duty .... I call it.....

However...

looking at the statements of late....

they are levying for anything ....

even when a housefly squats on your card.....

you will see a charge...

Pole...

my patriotism notwithstanding.....

kwa herini....

closing all my accounts...

and the oldest bank....

Pillowcase Bank Ltd....

will be my safest bet....

My friend has two accounts at the same Co-Op branch - savings and current.

One morning, he went to the bank and wrote a cheque to transfer some cash from the current to the savings acc.

That same day in the afternoon, he needed the cash urgently so he went to the ATM. The current account did not have the cash, so he tried the savings acc. Also no cash!!

So he went into the bank to enquire. They said that the money has been removed from his current acc against the cheque he wrote in the morning and it would be credited to the savings account the following day!!!

Question: where was the money at that time? Why couldn't he access it? After all, both accounts were his and both were in the same branch...so they couldn't argue that the money is in transit [with G4S]....