Equity Bank Kenya Charges

77

Below is what Equity Bank charge for products and services offered:

EQUITY BANK (KENYA) LIMITED PRODUCTS & SERVICES TARIFF GUIDE

EQUITY PERSONAL JUNIOR REMITTANCE TEEN ACHIEVERS SCHOOL CREDIT TARIFFS
PERSONAL ACCOUNTS ORDINARY CURRENT MEMBER ACCOUNT MEMBER STUDENTS FEES Sector Service/Product Applicable
ACCOUNT ACCOUNT ACCOUNT ACCOUNT ACCOUNT ACCOUNT
Interest
Retail KSHS KSHS KSHS KSHS KSHS KSHS KSHS The pricing will be based on the Bank’s Reference Rate (EBRR) currently
Account Opening Balance 400 5,000 200 Nil 200 Nil 100 at 12.5% plus a margin of between 0.5% to 8.0% per annum. The pricing is
inclusive of Loan Application and Credit Evaluation (LACE) of upto 5%
Minimum Operating Balance Nil Nil 200 Nil 200 Nil 100
• SME Working Capital & Overdrafts
Inter-branch Cash Withdrawal 150 150 150 150 150 150 150 Business • Project Financing
• Mortgages (Commercial)
17% – 19.5%
Account Closing Fees 350 1,000 300 350 300 300 300 Banking – SME • Mortgages (Residential)
• Asset & Equipment Financing
Counter Cash Withdrawal 100 100 2 Free in a year, 100 2 Free in a year, 100 4 Free in a year,
• Equity Release
additional 100 additional 100 additional 100
Corporates • Working Capital  • Overdraft
Corporate KSHS KSHS KSHS KSHS KSHS KSHS KSHS
& Large • CapEx Financing • Equity Release 15% – 17.5%
Account Opening Balance 5,000 10,000 200 5,000 200 Nil 100 Enterprises • Project Financing
Digital / Mobile • Eazzy Loans • Merchant Loans
Minimum Operating Balance Nil Nil 200 Nil 200 Nil 100 13% – 15%
Loans • Eazzy Stock Agent Loans
Inter-branch Cash Withdrawal 150 150 150 150 150 150 150
Food & • Farm input • CapEx
Account Closing Fees 350 1,000 300 350 300 300 300
• Kilimo Working Capital Overdrafts
Agriculture 17% – 19%
2 Free in a year, 2 Free in a year, 4 Free in a year, • Commercial Agriculture Finance
Counter Cash Withdrawal 100 100 100 100 Loans
additional 100 additional 100 additional 100 • Farm Asset & Equipment Financing
Counter Cash Withdrawal – Non
300 300 300 300 300 300 300 Retail • Biashara & Pamoja Banking
Corporate Customers • Micro Enterprises Working Capital
Business 18% – 20%
BUSINESS BUSINESS CURRENT INSTITUTION COLLECTION • Micro Enterprises • CapEx
BUSINESS ACCOUNTS Banking
• Group-Based Lending
ACCOUNT ACCOUNT ACCOUNT ACCOUNT
• Salary Advance
Retail KSHS KSHS KSHS KSHS Retail
• Check offs Loans 13% – 20.5%
Account opening balance 1,000 10,000 Nil 10,000 Personal
• Pensioner Loans
Banking
Minimum operating balance Nil N/A Nil Nil • Secured Salary Loans
• Parastatal • Public Schools
Inter-branch cash withdrawal 150 150 Free 150
• Hospitals • SACCOs
Public Sector 15% – 19.5%
Account closing fees 500 1000 300 1000
• Micro Finance Institutions
Counter cash withdrawal 100 100 Nil 100 • Secured Salary Loans
10% on the
Corporate KSHS KSHS KSHS KSHS
Temporary Overdraft Fee (TOD) amount
Account opening balance 5,000 10,000 Nil 10,000 granted
300/= or 3%
Minimum operating balance Nil Nil Nil Nil
Uncleared Effects whichever is
Inter-branch cash withdrawal 150 150 Nil 150
higher
Group Member Passbook Kshs. 100
Account closing fees 500 1,000 300 1,000 Other Charges
Group member registration fee
Counter cash withdrawal 100 100 Nil 100 Kshs. 500
(Annual)
Counter cash withdrawal – Non Corporate Customers 300 300 Nil 300
Loan Application & Credit Evaluation
EQUITY PERSONAL BUSINESS / BUSINESS JUNIOR Fee (LACE) for Digital Loans and Upto 5%
INSTITUTION INSTITUTION facilities with tenors below 12months
SUPREME BRANCHES ORDINARY CURRENT MEMBER
/ COLLECTION / COLLECTION
ACCOUNT ACCOUNT ACCOUNT Loan Restructuring Fees Upto 5%
SAVINGS ACCOUNT CURRENT ACCOUNT
Forex *Forex denominated facilities are priced at Reference
KSHS KSHS KSHS KSHS KSHS
Denominated Rate* plus a Margin subject to a floor
Account opening balance 50,000 50,000 200,000 200,000 200
Loans USD – S.O.F.R, GBP – S.O.N.I.A , EURO – E.S.T.R
Minimum operating balance 50,000 50,000 200,000 200,000 N/A
Below minimum balance charge (pm) 2,000 2,000 2,000 2,000 N/A DEBIT CARDS
Account closing fees 2,000 2,000 2,000 2,000 300 Scheme Debit Cards
Card Application 600
Inter-branch charges (non supreme customers) 3,000 3,000 3,000 3,000 3,000
Card Annual Fee 200
ACCOUNT FEES & COMMISSIONS FIXED AND JIJENGE ACCOUNT KSHS Card replacement 600
Card re-issue due to PIN forgotten 600
Account Services Charges in KShs
Fixed Account min bal 50,000 Proprietary Debit
Ad hoc Statement Fees (per page) 150
Bank Opinion / Introduction / Credit 2,000 Fixed Account min bal – Corporate 50,000 Card Application fee 400
Card Annual Fee 100
Reference
USD 5,000
Fixed Deposit – Foreign currency Card Replacement 400
Dormant Account reactivation Fees 200
(equivalent for Other currencies)
Prepaid Cards
Interest Certificate (Free for Churches) 500
Jijenge account min bal – all Branches 300 Card Application Fee 500
Ledger Fees Nil
Application Fee (Students) 350
Photocopy per page 20 Jijenge minimum monthly 300
Card Replacement Fee 300
Postage/Registered Mail As per courier charges contribution
Debit & Prepaid Cards Transaction Charges.
5% of the savings (minimum Kes
Retrieval of Documents 500 Jijenge premature withdrawal
(more than 1 month old) 200 maximum Kes 5,000) ATM Withdrawal at Equity 30
Cash withdrawal (Other Banks’ ATM) 200
Search Fees 500 Fixed deposit withdrawal Nil
Agent Withdrawal Agent tariff applies
SMS Alert fee 2
Jijenge Account withdrawal Nil
(Per transaction, where applicable) POS Purchase Free
Cash Services
Fixed deposit premature withdrawal call rate applies ATM Mini-statement – Display Free
Bulk coins over Kshs 10,000 0
ATM Balance Enquiry- Display Free
Bulk notes over Kshs 500,000 0 FOREIGN CURRENCY ACCOUNT
Declined Cash Transaction (Other Banks’ ATMs) 30
Collection account charges per transaction 50
Bank Funds Transfer Account opening balance 100 USD/ equivalent Card Balance Enquiry (Other Banks’ ATMs) 30
Minimum operating balance 100 USD/ equivalent Cash Back withdrawal 25
SWIFT Remittance (MT103) – Incoming 600 or Equivalent in Forex
Bills Payment 30
SWIFT Remittance (MT103) – Outgoing 1,500 or Equivalent in Forex
CHANNELS & ONLINE BANKING
VISA USD Debit Card
EAPS Remittance (MT103) – Incoming Free
EAPS Remittance (MT103) – Outgoing 500 EazzyBiz Card application fee USD 8
RTGS Remittance (MT103) – Incoming Free Annual Subscription Charges Free Card annual Fee USD 3
RTGS Remittance (MT103) – Outgoing 500 View account balances Free
Card replacement USD 8
Standing instructions placement Free View transactions summary and
Free ATM Withdrawal fee (Both Equity and Non Equity) USD 3
download statements
Cheque Services Service request Charges e.g Cheque CREDIT CARDS
Bankers Cheques – Customers 100 30 VISA Credit Card
Book. Cost of requested item applies
Issuance of Foreign Currency Drafts
(Drawn outside Kenya) 600 Report access & downloads Free Joining fee – Classic (Main card) 2,500
Annual subscription fee – Classic (Main card) 2,500
Host 2 Host Service Installation Free
Cheque Book Per leaf 17.5
Annual subscription fee – Classic (Supplementary) 1,500
(Incl. KShs. 2.5 stamp duty) Within Bank Transfers 50
Credit card replacement fee (Classic) 1,000
Counter Cheque (Retail) 300
Salary Remittance 100
Insurance fee (Classic) 303
Counter Cheque (Supreme) 500
EFT Outward 200
Joining fee- Gold (Main card) 7,500
Dividend Cheque Clearing Charges Nil
Transfer to Other Banks (RTGS) 500
Annual subscription fee- Gold (Main card) 4,500
Inhouse Unpaid Cheque 2,500
International Transfers (SWIFT) 1,500
(Refer to Drawer)-Issuer
Annual subscription fee- Gold (Supplementary) 3,500
Bill & Statutory Payments 30
Inhouse Unpaid Cheque 2,000
Credit card replacement fee (Gold) 1,500
Token access First 2 tokens are Free
(Refer to Drawer)-Payee
Insurance fee (Gold) 963
Inhouse Unpaid Cheque (Technical) 2,000
Additional token 3,500
AMEX Credit Cards
Inward Clearing Charge 50 Payments to Equitel Free
Inward Unpaid Cheque (Refer to Drawer) 2,500 Payments to Mobile wallets As Per Mobile Wallet Tariff Joining Fee (Green & Gold) Free
Insurance fee (Green & Gold) 0.2% of limit
Inward Unpaid Cheque (Technical) 2,000
Retail Web
Annual subscription fee – Green (Main Card) 3,500
Outward Clearing Charge Nil
Airtime Purchase Free
Outward Unpaid Cheque (Refer to Drawer) 2,000
Annual subscription fee – Green (Supplementary) 2,000
Bill Payments 30
Outward Unpaid Cheque (Technical) 2,000
Buy Goods Free Credit Card Replacement fee – Green 500
Payment Voucher Stop Payment
1,500 (One Equity Till Number/ Pay with Equity)
Annual Subscription fee – Gold (Main Card) 7,000
Instructions
Buy / Sell Stocks Free
Stop Cheque Instructions 1,000 Annual subscription fee – Gold (Supplementary) 4,000
Transaction Processing EFT 200
Credit Card Replacement fee – Gold 1,000
Bills Payable Printing for Per Cheque 100 Send Money to Mobile wallet As Per Mobile Wallet Tariff Corporate Credit Cards
Direct Debit failure charge 300
Send Money via (Pesalink) As per Pesalink Tariff Joining Fee 5,000
Funds Transfer/EFTs – Internal 100
Annual Subscription Fee – Per Card 4,000
Send Money via (RTGS) 500
Local Money Transfer EFT 300
Statement download Free
to Non-Customers Credit Card Replacement Fee 1,000
PAYE Remittances 300 SWIFT 1,500
All Credit Cards
Remittances – Tea, Salaries, Coffee, Milk 100
Transfer within Equity 50
Cash Advance Fee On Us 6%
Standing Orders – Internal Free
Mobile Banking
Cash Advance Fee Not On Us 10%
Standing Orders/EFTs – External 300
Standing Orders/EFTs – Failed 500 Send Money within Equity 0 Late Payment Fee (Except Corporate Cards) 6%
Send Money via (RTGS) 500
Certification of Balances for Audit Purposes 1,000 Interest Rate 3.5%p.m.
Send Money via (Pesalink) As per Pesalink Tariff
KPLC Payments Commission 25
Overlimit fee 4%
Send Money Cross Boarder (Swift) 1,500
Intercountry Cash Services (Uganda, Rwanda, Tanzania & South Sudan)
Virtual Prepaid Cards
Deposit 0.25% Send Money to Mobile wallet As Per Mobile Wallet Tariff Card Application Fee 300
Subject to a minimum $2
Bill Payments 30
Loading Fee 2%
& a maximum of $25
View Statement Free
E-Commerce Transactions Free
Transfer $6
Buy Airtime Free
Withdrawal $0 – $1,000 $3
Withdrawal $1,001 – $5,000 $4
Withdrawal $5,001 – $10,000 $5
Withdrawal > $10,000 $10 *All charges are exclusive of taxes  |  Revised in March 2023
Utility payments commission 100

 

Tel: +254 763 000 000  @KeEquityBank  KeEquityBank

 

Equity Bank (Kenya) Limited is regulated by the Central Bank of Kenya

 

 

TRADE FINANCE

 

Charge in Kshs. (Exclusive of Excise Duty)

 

Import Letters Of Credit

 

Opening Commission 1% per quarter or part thereof
minimum 2,000
Amendment 2,000 plus swift charges
Extension of the LC validity 1% per quarter or part thereof
minimum 2,000
Increase in amount of credit 1% per quarter or part thereof
minimum 2,000
Retirement commission 0.25% minimum 2,000 max
10,000
Acceptance commission 1% per quarter or part thereof
minimum 2,000
Post import Finance Commission 0.5% per quarter or part there-
of plus applicable interest
Extension of maturity of Bill – LC 1% per quarter or part thereof
Postage for LCs Actual courier charges plus 50
Document Handling 500
LC discharged unutilised 2,000
Swift Charges 1,500 for short message and
3,000 for long message
Export Letters Of Credit
Advising Commission 2,000
Confirmation commission 0.5% per quarter or part
thereof minimum 2,000
Amendment 2,000
Extension Commission – Confirmed LC 0.5% per quarter or part
thereof minimum 2,000
Extension Commission 2,000
– Unconfirmed LC
Increase of Amount – Confirmed LC 0.5% per quarter or part
thereof minimum 2,000
Courier charges Actual courier charges
min.4,000
Acceptance commission – Confirmed LC 0.5% per quarter or part
thereof minimum 2,000
Acceptance commission 0.25% per quarter or part
– Unconfirmed LC thereof minimum 2,000
Retirement commission 0.25% minimum 2,000 max
10,000
1% per quarter or part thereof
Discounting of Bills minimum 2,000 plus applicable
interest
Import documentary Collections
Document Handling 500
Ammendment 2,000
Retirement commission 0.25% minimum 2,000 max
10,000
Avalising of Bills 1% per quarter or part thereof
minimum 2,000
Swift Charges 1,500
Export Documentary Collection
Document Processing 2,000
Courier charges Actual courier charges min.
4,000
Retirement commission 0.25% minimum 2,000 max
10,000
1% per quarter or part thereof
Discounting Commission minimum 2,000 plus applicable
interest
Swift Charges 1,500
Guarantees
Bank guarantees 3% per annum min 5,000
Bid bonds 1% per annum min 5,000
Perfomance bonds 3% per annum min 5,000
Extension (bid bond) beyond one year 1% per annum min 5,000
Extension (other guarantees) beyond 3% per annum min 5,000
one year
Amendment (all Guarantees) Kshs.1,000
Custom Bonds 3% per annum min 5,000
Cancellation guarantee if not returned Free
Cancellation of returned guarantees Free
Swift Charges 1,500 for short message and
3,000 for long message
Structured Finance
Deal Structuring Fees 0.5% of deal amount
Collateral Management fees As per Collateral Management
AGENCY BANKING
Agent Annual Renewal fees 1,000
Agent Approval Fee 1,000
Agent Network Approval (Access Fee) 15,000
Agent Withdrawal & Deposit Agency Tariff applies
PESALINK
Cash Withdrawal (incl. of 20% excise duty)
KShs. 0 – 1,000 0
KShs. 1,000 – 99,999 60
KShs. 100,000 – 999,999 120
AGENT TARIFF
Transaction Cash Withdrawal Cash Deposit
Amount (incl. of 20% excise duty)
2,500 and Below 30 0
2,501-5,000 54 0
5,001-10,000 90 0
10,001-20,000 174 0
20,001-35,000 204 0
35,001-50,000 234 0
50,001-100,000 270 0
PAYPAL TARIFF (Commission %)
Link your PayPal Account Free
Withdrawal Amounts in USD
500 and below 1.500%
501 – 1,000 1.375%
1,001-2,000 1.250%
2,001-5,000 1.125%
Above 5,000 1.000%
MOBILE MONEY WALLET (Telco charges apply)
RECEIVE MONEY FROM
Airtel Money Free
(any amount)
M-Pesa (any amount) Free
SEND MONEY CHARGES (KSHS)
TO MPESA TO AIRTEL MONEY
1-100 0 0
101 – 500 10 9
501 – 1,000 12 11
1,001 – 1,500 14 13
1,501 – 2,500 23 21
2,501 – 3,500 33 31
3,501 – 5,000 43 41
5,001 – 7,500 55 53
7,501 – 20,000 65 63
20,001 – 150,000 67 64
Total
0
Shares
Share 0
Tweet 0
Pin it 0
Share 0

RELATED ARTICLESMORE FROM AUTHOR