Cooperative Bank Kenya Charges

7

Below are charges for Cooperative Bank Kenya:

Note to all customers

Excise duty will apply to all fees, charges and commissions

Kindly contact your branch for charges /fees not captured in the tari poster e information captured is subject to changeese charges and fees are captured as at 13th December 2023.

MSME Accounts Packages
Bronze Package Charges
Minimum opening balance (cash) Ksh.1000
Minimum operating balance Ksh.300
Maintenance fee
Waiver of maintenance fee Ksh.100 if the minimum balance is Ksh.100
maintained at Ksh.50,000
Over the counter withdrawal /debit transactions Ksh.50
Sliver Package Charges
Minimum opening balance (cash) Ksh.2,000
Minimum operating balance Nil
Maintenance fee
Waiver of maintenance fee Ksh.1,000 if the minimum balance Ksh.1,000
is maintained at Ksh.200,00 0
Over the counter withdrawal /debit transactions Ksh.35
Cheque book FREE for the 1st 100 leaves
Gold Package Charges
Minimum opening balance (cash) Ksh.10,000
Minimum operating balance Nil
Maintenance fee
Waiver of maintenance fee Ksh.2,000 if the minimum balance Ksh.2,000
is maintained at Ksh.500,000
Over the counter withdrawal /debit transactions Ksh.25
Cheque book FREE
Cash Handling Commission Waiver on the commission as per the ALCO paper on
liabilities
Haba na Haba Access Account Charges
Minimum opening balance (cash) Ksh.500
Minimum operating balance Nil
Maintenance fee for all balances Ksh.25 per month
Current Account Charges
Minimum opening balance (cash)
Individuals Ksh.5, 000
Co -operatives Ksh.10,000
Companies Ksh.10,000
Minimum operating balance Nil
Account maintenance fee Ksh.300 per month
Ledger fees Ksh.35 per entry
Cheque book Ksh.15 per leaf exclusive of stamp duty and excise duty
Counter cheque Ksh.500 per leaf
For 3rd party payments Consult your nearest branch
Safe Custody  (Half Year) Charges
Sealed Packages /Envelopes /Compounded cheques Ksh.1,500
Small Box Ksh.2,400
Large Box Ksh.6,000
Access Charge Ksh.250
Renters Safes (B.S.S Co -op Trust only ) (Half Year) Charges
Very Small Ksh.2, 000
Small Ksh.2,400
Medium Ksh.4,000
Large Ksh.6,000
Deposit of keys (refundable) Ksh.3,000
Loss of keys (replacement) Ksh.25,000
Transactions Charges Charges
Bank Account Mco -op
Registration Free Free
Daily Alert Ksh.5 Ksh.5
ATM withdrawal Ksh.30 Ksh.30
Transfer to Bank Account (Tiered) Ksh.0 -Ksh.35 Ksh.0 -Ksh.35
Utility Payment (Tiered) Ksh.0 -Ksh.50 Ksh.0 -Ksh.50
Agent Withdraw (Tiered) Ksh.30 -Ksh.130 Ksh.30 -Ksh.130
Transfer to Mpesa, Airtel Money Ksh.0 -Ksh.50 Ksh.0 -Ksh.50
(Tiered)
Transfer from Bank account Ksh.0 -Ksh.35 Ksh.0 -Ksh.35
Balance Inquiry Free Free
Debit and Credit alerts Ksh.35 Ksh.10
M-pesa deposit Free Free
EFT transfer Ksh.150 Ksh.100
Airtime Purchase (Tiered) Ksh.0 -Ksh.50 Ksh.0 -Ksh.50
Mini estatement Ksh.35 Ksh.5
Full estatement Ksh.35 Ksh.5
Pesalink (Tiered) Ksh.0 -Ksh.140 Ksh.0 -Ksh.140
E -Credit Salary Loan Appraisal Fee:8 -12%, Insurance: 0.034%
E -Credit Business Loan. Appraisal Fee: 3%, Commission 3% per month, Insurance: 0.034%
Mcollection Deposit Free Free
mVisa deposit Free Free
mVisa Withdraw from visa agent mVisa Agency fees
mVisa Merchant Payment Free Free
mVisa send or Receive Free Free
Mco-opcash – Mco-opcash transfer Ksh.0 -Ksh.35 Ksh.0 -Ksh.35
Cash Withdrawal and ATM transaction
Transactions Charges
Customers Ksh.30 per withdrawal
Saccolink Ksh.30 per withdrawal
Inua Jamii Account Charges
Opening balance None
Operating balance None
No Monthly fees Nil
Debit Card Freeinitial Debit Card
Card Applicable Fees
Charges Details
Joining Fees Classic Card: Ksh.3 ,000 One- o  charge
Gold Card: Ksh.3 ,500 (Currently waived)
Platinum Card: Ksh.4 ,000
Annual Fees Classic Card: Ksh.3 ,500 On issuance of the card & therea er on every subsequent
Gold Card: Ksh.6 ,000 year
Platinum Card: Ksh.7 ,000
Supplementary card Annual Classic Card: Ksh.3 ,000 On issuance of the card &therea er on every subsequent
Fee Gold Card: year
Free up to the 4th Card
From 5th Card onward
Ksh.3 ,000
Platinum Card:
Free up to 4th Card
From 5th Card onward
Ksh .3,500
Interest Rate 3.5% of the revolved balance per Revolved balance is the amount of card debt unpaid at the
month end of each credit cycle of 50 days
Late Payment Fees 5% of minimum payable Per occurrence, whenever the cardholder paysthe  card dues
past due date (pays late)
Bonus Fees 5% of amount awarded Per occurrence, whenever the cardholder requests fora
bonus (additional funds beyond the approved credit limit)
Cash Advance Fee 6% of the amount accessed Per occurrence, whenever the cardholder accesses  cash
Card Replacement Fees Classic Card: Ksh.500 Per occurrence, whenever the cardholder requests fora  card
Gold Card:  Ksh.500 replacement
Platinum Card: Ksh.1 ,000
Over limit Fees Ksh.1 ,000 It is per occurrence. i.e. whenever the customer goes over the
set/allowed limit
Payment of goods and FREE N/A
services (purchases)
SMS alerts FREE N/A
Card Insurance Cardholder pays for insurance Per year (Bank Pays for Gold and Platinum cardholders)
0.39% of credit card limit
Agency Tari  Guide
Service Range (Ksh.) Charges
Cash withdrawals 100-5,000 Ksh.50
5,001-10,000 Ksh.70
10,001-20,000 Ksh.80
20,001-30,000 Ksh.100
30,001-40,000 Ksh.120
40,001-50,000 Ksh.140
50,001-100,000 Ksh.250
Cash deposits/ Payments All Free
*Funds Transfer Ksh.50
*Fees Payment Ksh.50
Utility Payment Ksh.50
KPLC Postpaid
Water companies.
Pesalink Transactions 0-500 Free
501-10,000 Ksh.42
10,001-50,000 Ksh.62
50,001-100,000 Ksh.82
100,001-200,000 Ksh.112
200,001-999,999 Ksh.152
Cash Withdrawals (With Any Amount Ksh.125
Kenswitch card)
Balance Inquiry Ksh.10
Mini Statement Ksh.20
Other services Free
NHIF payments
County Payments
Other Government Payments
Type of Account Charges
YEA Account
Minimum opening balance Nil
Minimum operating balance Nil
Debit Card Ksh.500
Bank Cheque to school Ksh.100 Per Cheque
Maintenance fee Nil
Hekima Savings Account Charges
Minimum opening balance Nil
Minimum operating balance Nil
Maintenance fee Nil
Over the counter withdrawal Once a er 3 months
Jumbo Junior Account Charges
Minimum opening balance Ksh.500
Minimum operating balance Ksh.500
Debit Card Ksh.500
Bank Cheque to school Ksh.100 Per Cheque
Maintenance fee Nil
Ele -bank FREE  for new accounts
Replacing Ele -bank Ksh.500
Annual birthday cards
Salary Account Charges
Minimum opening balance Nil
Minimum operating balance Nil
Debit Card Ksh.500
Maintenance fee Nil
Goldfish Account Charges
Minimum opening balance Ksh.50,000
Minimum operating balance Ksh.50,000
Maintenance fee Ksh.400 for amounts less than Ksh.50,000

 

Instant Access Account Charges
Minimum opening balance Ksh.1,500
Minimum operating balance Ksh.1,000
Maintenance fee Ksh.200 for amounts less than Ksh.20,000
Debit Card Ksh.500
Call Deposit Charges
Minimum opening balance Ksh.50,000
Other Features As per the contract certificate
Fixed Deposit Charges
Minimum opening balance Ksh.50,000
Other Features As per the contract certificate
Executive Banking Service
Executive Banking Membership Charges
Minimum account balance Ksh.50,000
Monthly Membership fees Ksh. 1,000  if balance maintained is Ksh.50,000 &
above
Ksh.1,500 if the balance goes below Ksh.50,000
within the month
Executive Banking Plus Membership Charges
Minimum account balance Ksh.100,000
Monthly Membership fees Ksh.2,000 if balance maintained is Ksh.100,000 &
above
Ksh.2,500 if the balance goes below Ksh.100,000
within the month
Salary Processing Charges
Clearing & Remittances
Clearing Cheques Free
EFT (from other banks)
Inward EFTs Ksh.0 to Ksh.200
Salary Processing Charges
Manual Ksh.0 to Ksh.250 (Depending on customer agreement with
the bank)
Unpaid Cheques Charges
Refer to drawer Ksh.2,500
Payee Ksh. 500
Uncleared e ects Ksh.2,500
Technical reason Ksh.700
Cheques paid against ENC& Excesses 3% of ENC or Excess MinimumKsh. 2,000
amount per cheque
Cheques paid against ENC& Excesses  for Saccos Ksh.1,000  per cheque
Unpaid Cheques ,Refer to drawer & e ects not cleared USD 25, GBP 25 for all reasons
Minimum interest charge for OD Actual cost min. Ksh.500 per cheque
Certificate of balance Ksh.400 per certificate
Stop payment per notice Ksh.400
Standing Orders Charges
On establishment (External) Ksh.250 per instructions
On establishment (Internal) Free
Amendment Ksh.250
Processing of Standing Order Charges
To same bank (Co -op) Free
To other banks Ksh.200 per payment
All loan accounts Free
Unpaid Standing Order Charges
Lack of Funds (External) Ksh.2,500
Lack of Funds (Internal ) Free
Stopped /Deletion Ksh.500
Direct Debits Charges
Bulk payments Between Ksh.30  to Ksh.200 negotiable payableby the
originatorof  DDA
DDA`S from other banks Ksh.150 per customer
Originator of DDA is our account holder Ksh.50 to Ksh.200 negotiableto the customer who signed up
for DDA
Unpaid Direct Debits (Lack of funds) Ksh.300
GUARANTEES
Guarantee issuance in Kenya shilling
Commission Type Charges
Shipping Guarantees (must be for Imports under a collection 1.25% per half year or part thereof Min. Ksh.2,000
or letter of Credit and absence of B/L can be Adequately
explained)
Wholly secured by cash or 1st class bank counter guarantee 2% yearly or part thereof Min. Ksh.1,000
Guarantee not wholly secured – issued in Ksh.(including 1.25% per half year or part thereof Min. Ksh.2,000
Shipping Guarantee Bonds)
Guarantee wholly secured -other than cash 1.25% per half year or part thereof Min. Ksh.2,000
Totally unsecured (in local currency) 1.25% per half year or part thereof Min. Ksh.2,000 for other
guarantee types
Totally unsecured -Bid Bonds (in local currency) 1% per half year or part thereof Min. Ksh. 2,000 for bid bonds
Guarantee issuance in Foreign Currency 1% per half year or part thereof Min. Ksh. 2,000
Guarantee issuance in foreign currency with Cross -border 1% per half year or part thereof Min. Ksh. 2,000
exposure
Amendments to guarantees per half year Ksh.1,000 plus transmission charges
Ksh. 2,500 if transmission through swi
Documentary Outward LCs Charges
Issuance 0.5% per quarter, minimum Ksh.1,000
Acceptance/Usance 0.5% per quarter, minimum Ksh.1,000
Amendments Charges
Increase amount of credit 0.5% per quarter, minimum Ksh.1,000
Change of expiry date 0.5% per quarter, minimum Ksh.1,000 (if it moves to the next
quarter)
if not charge the general amendments of Ksh.2,000
Other amendments Ksh.2,000 per amendments
Payment 0.25% flat, min. Ksh.1000
Discharge (When credit expires with less 50% utilization ) 0.1% on balance, minimum Ksh.500
Cable /SWIFT Charges
Full Ksh.5,000
Short Ksh.2,500
Documentary  Letters  of Credit (Inward) Charges
Advising without confirmation
Customer Ksh.2,500
Non -Customers Khs.2,500
Advising credit & adding confirmation Charges
Customers 0.5% +telex or cables /swi  charges of Ksh.2,500
Non -Customers 0.5% +telex or cables /swi  charges of Ksh.2,500
Bills Negotiated under credit or advance made in Ksh.(or other Charges
currencies)
Customers 0.3% min Ksh.1,000 plus interest for tenor period (Min
USD.20 or equivalent)
Non -Customers 0.4% min Ksh.2,000 plus interest for tenor period (Min
USD.20 or equivalent)
Charge for bonding goods.  Holding commission  / where bill is Charges
outstanding
1 month a er due date Ksh.1,000 flat per month
Note /protest Ksh.1,000 per bill plus notary fees
Document handling charge Ksh.1,000 plus collection commission (unpaid /unaccepted)
Discharging to other banks Ksh.2,000 per discharge
Letters of Credit, Bills collections and  Bill avalisation
Product Description Charges
Import Letters of Credit Issuance Commission 0.5% per quarter or part thereof minimum Ksh.1,000
(Outward LC’s)
Acceptance Commission (For Usance 0.5% per quarter or part thereof minimum Ksh.1,000
LC’s)
0.25% flat minimum Ksh.1,000 plus SWIFT fee
Retirement/Payment Commission. Ksh.1,500
Issuance SWIFT fee (Long message) Ksh.5,000
Postage fee Actual Courier charges
General Amendment in wording Ksh.2,000
Amendment (Increase in value or 0.5% per quarter or part thereof minimum Ksh.1,000
extension of period)
Discrepancy fee USD 60 or its equivalent, minimum Ksh.1,000
Structuring fee on back to back LC’s 1% on overall facility minimum Ksh.5,000
Non-presentation of copy of documents USD 18.00 or Equivalent, Minimum Ksh. 1,000
for banks filing
Discharging (when credit expires with 0.1% on balance, minimum Ksh. 500
less 50% utilization
Export Letters of Credit (Inward Advising without confirmation Ksh.2,500 plus SWIFT fee of Ksh.2,500
LC’s)
Advising with confirmation 0.5% p.q plus SWIFT charges of Ksh.2,500
SWIFT fee if advised via bank Ksh.2,500
Postage Actual courier charges
Bill Negotiating under credit or advance Customer 0.3% flat minimum Ksh.1,000 plus interest for
made in Ksh or other currencies tenor period min USD 20 or equivalent
Non-customer 0.4% flat Minimum Ksh.2,000
Documentary Collections Processing & Payment fee 0.3% of documentary collection amount, min Ksh.1,000
(Imports & Exports) (Flat)
SWIFT fee on imports collection only Ksh.2,000
Bills drawn on countries where the bank Additional charge of Ksh.500
is not represented
Bills drawn in currency di erent from Additional charge of Ksh.500
that of paying bank
Release of documents against 0.15% of value, min. Ksh.600 max. Ksh.5,000
undertaking
Post Due Commission Nil
Tracer/Chaser for payments not Ksh.600 plus related cost involved
received.
Extension of bills 0.3% of documentary collection amount, min Ksh.1,000
(Flat), plus the SWIFT charges Ksh.1000
Charges for bonding goods Ksh.1,000 plus bonding and consignment fees
Holding commission /where bill is Ksh. 1,000 flat per month
outstanding 1 month a er due date
Nole/Protest Ksh.1,000 per bill plus notary fee
Document handling charge Ksh.1,000 plus collection commission (unpaid/
(unaccepted) unaccepted)
Discharging to other banks Ksh.2,000 per discharge
Bill avalisation Avalisation fee 0.5% per quarter, minimum Ksh.1,000
SWIFT Charges One o  charge of Ksh.5,000
Clean Payments (Customer Commission on abroad payments One o  charge of Ksh.1,500
transfers)
RTGS for local payments One o  charge of Ksh.500
Bank Guarantees
Product Description Charges
Bid Bonds Issuance Commission – unsecured and 0.5% per quarter or part thereof minimum Ksh. 2,000
partially secured
Issuance Commission -secured and Cash 1% per half year minimum Ksh.1,000
Cover
Other Bank Guarantees Issuance Commission 2.5% per year minimum Ksh.2,000
Issuance Commission -Fully cash 2% per year minimum Ksh.1,000
covered or 1st class bank counter
guarantee
Amendments to guarantees Ksh.1,000 plus SWIFT charges Ksh.1,500, if transmission
through SWIFT
Export Bank Guarantees Advising Fee Ksh.2,500
SWIFT fee if advised via Bank Ksh.2,500
Payment 0.375% flat minimum Ksh.1,000

Negotiating documents Customer 0.3% MinimumKsh.2,000
Non- customer 0.4% MinimumKsh.2,000
Funded Trade Loans,  Commodity finance and Supply Chain Finance
Product Description Charges
Trade Loans -LPO LPO Advance fee 2.5% one o  on funds advanced
Interest Rate (Base Rate plus margin of 4% p.a. )
Extension fee (Advance fee + Interest rate) upon application
Penalty Fee 5% per month
Trade Loans – Invoice Discounting fee 2.5% on advanced amount
Discounting
Interest Rate (Base Rate plus margin of 4% p.a. )
Extension fee (Discounting fee+ Interest Rate) upon application
Penalty Fee 5% per month
Trade Loans -Short Term Loans Loan appraisal fee 2.5% per annum
Interest rate (Base Rate plus margin of 4% p.a. )
Trade Loans -Bill Negotiated Processing fee & interest Customer: 0.3% min. Ksh. 1,000 plus interest for tenor
under an LC period (min. USD 20 or equivalent)
Non-Customer : 0.4% min. Ksh.1,000 plus interest for tenor
period(Min. USD20 or equivalent)
Commodity Finance Structuring fee 1% p.a for corporates
2.5% p.a for retail customer
Interest rate (Base Rate plus margin of 4% p.a.)
Other fees As per TF products will apply (LC charges, BillAvalization
etc.)
Direct Import Financing Appraisal fee 3% per annum
Interest rate (Base Rate plus margin of 4% p.a.)
Structured  Trade Finance Structuring fees 1%
Other Fees: Dependent on the product used to structure the facility.
Each product pricing shall apply
Trade Loans -Post Import Structuring Fee 2.5% per drawdown
Finance
Interest rate (Base Rate plus margin of 4% p.a.)
Trade Loans -Import Duty Appraisal fee 2.5% on the advanced amount
Finance
Interest rate (Base Rate plus margin of 4% p.a.)
Cash Withdrawal Charges
Over the counter withdrawal for Hekima Savings account Ksh.0
Over the counter withdrawal for Transactional Accounts Ksh.100
Salary Processing Charges
Pension Ksh.130
FOSA Salary Ksh.50
Salary returned to employer Ksh.200 for instrument
Produce proceeds -proceeds Ksh.100
Cash Handling Commission Charges
Deposits Nil
Withdrawals Nil
Handling Large coins on relationship basis for saccos Ksh.100 per bag of coins
Fees payment into school Account Free
Bankers opinion Ksh.1000
Access of back data stored with the bank for saccos Ksh.200 per visit
Mutilated Notes collection 1% of amount minimum Ksh.2000
Statements Charges
Scheduled statements Free
E -statements Free
Interim statements per page Ksh.100
ATM Mini Statements Free
Daily and special request Statements Ksh.100 Per Page
Duplicate/additional statements/old records Ksh.250
2-5 years Ksh.500 Per Copy
5 years Ksh.1,000 Per Copy
Closed account (cash) Ksh.1,000 Per Copy
Old Records Charges
Retrieval (cheques, vouchers) Ksh.250 Per Copy
RTS Mail Charges
Where the Bank is not at fault Ksh.100 Per each returned
Stop Payments (Customer  Cheques) Charges
Foreign Currency Account US$ 5 or equivalent per cheque
Current Account Ksh.400
Closure of Account Charges
Goldfish Account Free
Foreign Currency Current Account US$ 5 or equivalent
All other accounts:
Less than three months Free
3 months to 6 months
Over 6 months
Transfer of Accounts (inter-branch)
Current (Memo Group 02120, Savings  (Memo Group 02100,
03120 & 22120) 03100 & 22100)
Opening Balance USD 10 USD 10
GBP 10 GBP 10
EUR 10 EUR 10
Minimum Operating Balance Nil Nil
Account Maintenance Fee (P.m) USD 5 Nil
GBP 5
EUR 5
Stop payments USD 4 N/A
GBP 4
EUR 4
Unpaid Cheques, Refer to Drawer& E ects Not USD 25 N/A
Cleared EUR 25
GBP 25
Encashment of ird  -Party Cheques  drawn USD 5 N/A
own bank GBP 5
EUR 5
Cheque book – 25 leaves USD 3.50 N/A
GBP 3.50
EUR 3.50
Cheque book – 50 leaves USD 7 N/A
GBP 7
EUR 7
Counter cheque USD 4 N/A
GBP 4
EUR 4
Internal Transfer (Self) Free Free
Outward SWIFT Ksh.1,500 equivalent in Ksh.1,500 equivalent in
respective currency respective currency
Statement USD 2.0/page USD 2.0/ page
EUR 2.0/page EUR 2.0/ page
GBP 2.0/page GBP 2.0/ page
* Free E -statement * Free E -statement
Current Account Savings  Account
Dormant Account Re -activation Nil Nil
Cash withdrawal 0.25% for amounts above 0.25% for amounts above
USD 5,000 USD 5,000
GBP 3,800 GBP 3,800
EUR 4,700 EUR 4,700
Cash deposit Up to USD 40,000- Free Up to USD 40,000- Free
Above USD 40,000, Above USD 40,000,
GBP 30,000 & GBP 30,000 &
EUR 38,000- EUR 38,000-
0.25% of the amount 0.25% of the amount
Account Closure USD 5 USD 5
EUR 5 EUR 5
GBP 5 GBP 5
NB: Where there are conversions from one currency to another, the bank doesn`t charge withdrawal or
cash handling fee
Purchase of Treasury Bills/ Bonds on behalf of customers Charges
Up to Ksh.10 million 1% of interest earned min Ksh.1,500
Above Ksh.10 million up to Ksh.50 million 0.75% interest earned min Ksh.1,500
Over Ksh.50 million 0.5% interest earned min Ksh.1,500
Foreign Transfer of Funds (Outward)
Mail Transfer Charges
Customers Ksh.1,500
Non –Customer Ksh.1,500
Foreign Currency Dra s (In Ksh or Equivalent in Forex Charges
Dra s on application Ksh.500 plus cash handling charges (where applicable)
Postage Ksh. 100
Stamp duty Ksh. 2.50
Payment advising fee Ksh.500 (for Dra s drawn on SA, Indian banks and all dra s
of value of $5000 and above
Replacement of Dra s / IMO Ksh.250 per request plus cost of cable
Stop Payment instructions Charges
Commission Ksh.1,000 plus 20% excise duty
Other foreign bank`s charges Ksh, Depends on Correspondent Bank
Foreign Transfer of Funds (Inwards) Charges
Bills of Collection Commission of Ksh.1,000
Courier charges (as per what has been charged by the service
provider
Unpaid cheques Commission of Ksh.1,000
Other Money Transfer Charges Charges
Incoming RTGS Free
RTGS Out going Ksh.500 regardless of amount
SWIFT Charges (Outgoing) Ksh.1,500  regardless of amount
Incoming SWIFT payments Ksh.500
Outgoing /Incoming Customer Requests /Inquires Ksh.600
/Amendments through SWIFT
Foreign Bills for Collection  (Inward) Charges
Clean 0.3% flat , min Ksh.1000 (Applies to any amount )
Documentary 0.3% flat , min Ksh.1000 (Applies to any amount )
Tracer /Chaser Ksh.600 plus related costs incurred
Extensions of bills 0.3% ,min Ksh.1000 plus cables/ SWIFT charges of Ksh.1000
Charge for bonding goods Charges
Holding commission / where bill is outstanding Nil
1 month a er due date Ksh.1000 flat per month
Note /protest Ksh.1000 per bill plus notary fees
Document handling charge Ksh.1000 plus collection commission (unpaid /unaccepted)
Discharging to other banks Ksh.2,000 per discharge
Foreign Bills for Collection  (Outward) Charges
Clean Nil
Minimum bill amount USD 50 0.3% flat ,min Ksh.1000 plus courier or equivalent charges
(Applies to any amount above USD.500)
Bills drawn on countries where the bank is not represented Additional charges of Ksh.500
Bills drawn in currency di erent from that of the paying Additional charges of Ksh.500
bank`s
Bills drawn in Swiss Francs (CHF) 5 SCF or equivalent as additional charges courier charges
Documentary Charges
Tracer/ Chase for payment not received Ksh.600 plus related costs incurred
Other Charges
Stop payment charges for EURO &GBP
Unpaid Deferred Forex Cheques USD 7, GBP 7 & EURO 7
Unpaid Co -op Forex Cheques technical reasons USD 10, GBP 10 & EURO 10
Unpaid Cheques , Payee USD 7, GBP 7 & EURO 7
Clearing cheques -Free
Bank cheques issuance commission:
To customers -Ksh.200 per cheques
To Non-Customers -Ksh.200 per cheques

 

Maintenance fee Nil
Goldfish Account Charges
Minimum opening balance Ksh.50,000
Minimum operating balance Ksh.50,000
Maintenance fee Ksh.400 for amounts less than Ksh.50,000

 

 

 

Instant Access Account Charges
Minimum opening balance Ksh.1,500
Minimum operating balance Ksh.1,000
Maintenance fee Ksh.200 for amounts less than Ksh.20,000
Debit Card Ksh.500
Call Deposit Charges
Minimum opening balance Ksh.50,000
Other Features As per the contract certificate
Fixed Deposit Charges
Minimum opening balance Ksh.50,000
Other Features As per the contract certificate
Executive Banking Service
Executive Banking Membership Charges
Minimum account balance Ksh.50,000
Monthly Membership fees Ksh. 1,000  if balance maintained is Ksh.50,000 &
above
Ksh.1,500 if the balance goes below Ksh.50,000
within the month
Executive Banking Plus Membership Charges
Minimum account balance Ksh.100,000
Monthly Membership fees Ksh.2,000 if balance maintained is Ksh.100,000 &
above
Ksh.2,500 if the balance goes below Ksh.100,000
within the month
Salary Processing Charges
Clearing & Remittances
Clearing Cheques Free
EFT (from other banks)
Inward EFTs Ksh.0 to Ksh.200
Salary Processing Charges
Manual Ksh.0 to Ksh.250 (Depending on customer agreement with
the bank)
Unpaid Cheques Charges
Refer to drawer Ksh.2,500
Payee Ksh. 500
Uncleared e ects Ksh.2,500
Technical reason Ksh.700
Cheques paid against ENC& Excesses 3% of ENC or Excess MinimumKsh. 2,000
amount per cheque
Cheques paid against ENC& Excesses  for Saccos Ksh.1,000  per cheque
Unpaid Cheques ,Refer to drawer & e ects not cleared USD 25, GBP 25 for all reasons
Minimum interest charge for OD Actual cost min. Ksh.500 per cheque
Certificate of balance Ksh.400 per certificate
Stop payment per notice Ksh.400
Standing Orders Charges
On establishment (External) Ksh.250 per instructions
On establishment (Internal) Free
Amendment Ksh.250
Processing of Standing Order Charges
To same bank (Co -op) Free
To other banks Ksh.200 per payment
All loan accounts Free
Unpaid Standing Order Charges
Lack of Funds (External) Ksh.2,500
Lack of Funds (Internal ) Free
Stopped /Deletion Ksh.500
Direct Debits Charges
Bulk payments Between Ksh.30  to Ksh.200 negotiable payableby the
originatorof  DDA
DDA`S from other banks Ksh.150 per customer
Originator of DDA is our account holder Ksh.50 to Ksh.200 negotiableto the customer who signed up
for DDA
Unpaid Direct Debits (Lack of funds) Ksh.300
GUARANTEES
Guarantee issuance in Kenya shilling
Commission Type Charges
Shipping Guarantees (must be for Imports under a collection 1.25% per half year or part thereof Min. Ksh.2,000
or letter of Credit and absence of B/L can be Adequately
explained)
Wholly secured by cash or 1st class bank counter guarantee 2% yearly or part thereof Min. Ksh.1,000
Guarantee not wholly secured – issued in Ksh.(including 1.25% per half year or part thereof Min. Ksh.2,000
Shipping Guarantee Bonds)
Guarantee wholly secured -other than cash 1.25% per half year or part thereof Min. Ksh.2,000
Totally unsecured (in local currency) 1.25% per half year or part thereof Min. Ksh.2,000 for other
guarantee types
Totally unsecured -Bid Bonds (in local currency) 1% per half year or part thereof Min. Ksh. 2,000 for bid bonds
Guarantee issuance in Foreign Currency 1% per half year or part thereof Min. Ksh. 2,000
Guarantee issuance in foreign currency with Cross -border 1% per half year or part thereof Min. Ksh. 2,000
exposure
Amendments to guarantees per half year Ksh.1,000 plus transmission charges
Ksh. 2,500 if transmission through swi
Documentary Outward LCs Charges
Issuance 0.5% per quarter, minimum Ksh.1,000
Acceptance/Usance 0.5% per quarter, minimum Ksh.1,000
Amendments Charges
Increase amount of credit 0.5% per quarter, minimum Ksh.1,000
Change of expiry date 0.5% per quarter, minimum Ksh.1,000 (if it moves to the next
quarter)
if not charge the general amendments of Ksh.2,000
Other amendments Ksh.2,000 per amendments
Payment 0.25% flat, min. Ksh.1000
Discharge (When credit expires with less 50% utilization ) 0.1% on balance, minimum Ksh.500
Cable /SWIFT Charges
Full Ksh.5,000
Short Ksh.2,500
Documentary  Letters  of Credit (Inward) Charges
Advising without confirmation
Customer Ksh.2,500
Non -Customers Khs.2,500
Advising credit & adding confirmation Charges
Customers 0.5% +telex or cables /swi  charges of Ksh.2,500
Non -Customers 0.5% +telex or cables /swi  charges of Ksh.2,500
Bills Negotiated under credit or advance made in Ksh.(or other Charges
currencies)
Customers 0.3% min Ksh.1,000 plus interest for tenor period (Min
USD.20 or equivalent)
Non -Customers 0.4% min Ksh.2,000 plus interest for tenor period (Min
USD.20 or equivalent)
Charge for bonding goods.  Holding commission  / where bill is Charges
outstanding
1 month a er due date Ksh.1,000 flat per month
Note /protest Ksh.1,000 per bill plus notary fees
Document handling charge Ksh.1,000 plus collection commission (unpaid /unaccepted)
Discharging to other banks Ksh.2,000 per discharge
Letters of Credit, Bills collections and  Bill avalisation
Product Description Charges
Import Letters of Credit Issuance Commission 0.5% per quarter or part thereof minimum Ksh.1,000
(Outward LC’s)
Acceptance Commission (For Usance 0.5% per quarter or part thereof minimum Ksh.1,000
LC’s)
0.25% flat minimum Ksh.1,000 plus SWIFT fee
Retirement/Payment Commission. Ksh.1,500
Issuance SWIFT fee (Long message) Ksh.5,000
Postage fee Actual Courier charges
General Amendment in wording Ksh.2,000
Amendment (Increase in value or 0.5% per quarter or part thereof minimum Ksh.1,000
extension of period)
Discrepancy fee USD 60 or its equivalent, minimum Ksh.1,000
Structuring fee on back to back LC’s 1% on overall facility minimum Ksh.5,000
Non-presentation of copy of documents USD 18.00 or Equivalent, Minimum Ksh. 1,000
for banks filing
Discharging (when credit expires with 0.1% on balance, minimum Ksh. 500
less 50% utilization
Export Letters of Credit (Inward Advising without confirmation Ksh.2,500 plus SWIFT fee of Ksh.2,500
LC’s)
Advising with confirmation 0.5% p.q plus SWIFT charges of Ksh.2,500
SWIFT fee if advised via bank Ksh.2,500
Postage Actual courier charges
Bill Negotiating under credit or advance Customer 0.3% flat minimum Ksh.1,000 plus interest for
made in Ksh or other currencies tenor period min USD 20 or equivalent
Non-customer 0.4% flat Minimum Ksh.2,000
Documentary Collections Processing & Payment fee 0.3% of documentary collection amount, min Ksh.1,000
(Imports & Exports) (Flat)
SWIFT fee on imports collection only Ksh.2,000
Bills drawn on countries where the bank Additional charge of Ksh.500
is not represented
Bills drawn in currency di erent from Additional charge of Ksh.500
that of paying bank
Release of documents against 0.15% of value, min. Ksh.600 max. Ksh.5,000
undertaking
Post Due Commission Nil
Tracer/Chaser for payments not Ksh.600 plus related cost involved
received.
Extension of bills 0.3% of documentary collection amount, min Ksh.1,000
(Flat), plus the SWIFT charges Ksh.1000
Charges for bonding goods Ksh.1,000 plus bonding and consignment fees
Holding commission /where bill is Ksh. 1,000 flat per month
outstanding 1 month a er due date
Nole/Protest Ksh.1,000 per bill plus notary fee
Document handling charge Ksh.1,000 plus collection commission (unpaid/
(unaccepted) unaccepted)
Discharging to other banks Ksh.2,000 per discharge
Bill avalisation Avalisation fee 0.5% per quarter, minimum Ksh.1,000
SWIFT Charges One o  charge of Ksh.5,000
Clean Payments (Customer Commission on abroad payments One o  charge of Ksh.1,500
transfers)
RTGS for local payments One o  charge of Ksh.500
Bank Guarantees
Product Description Charges
Bid Bonds Issuance Commission – unsecured and 0.5% per quarter or part thereof minimum Ksh. 2,000
partially secured
Issuance Commission -secured and Cash 1% per half year minimum Ksh.1,000
Cover
Other Bank Guarantees Issuance Commission 2.5% per year minimum Ksh.2,000
Issuance Commission -Fully cash 2% per year minimum Ksh.1,000
covered or 1st class bank counter
Negotiating documents Customer 0.3% MinimumKsh.2,000
Non- customer 0.4% MinimumKsh.2,000
Funded Trade Loans,  Commodity finance and Supply Chain Finance
Product Description Charges
Trade Loans -LPO LPO Advance fee 2.5% one o  on funds advanced
Interest Rate (Base Rate plus margin of 4% p.a. )
Extension fee (Advance fee + Interest rate) upon application
Penalty Fee 5% per month
Trade Loans – Invoice Discounting fee 2.5% on advanced amount
Discounting
Interest Rate (Base Rate plus margin of 4% p.a. )
Extension fee (Discounting fee+ Interest Rate) upon application
Penalty Fee 5% per month
Trade Loans -Short Term Loans Loan appraisal fee 2.5% per annum
Interest rate (Base Rate plus margin of 4% p.a. )
Trade Loans -Bill Negotiated Processing fee & interest Customer: 0.3% min. Ksh. 1,000 plus interest for tenor
under an LC period (min. USD 20 or equivalent)
Non-Customer : 0.4% min. Ksh.1,000 plus interest for tenor
period(Min. USD20 or equivalent)
Commodity Finance Structuring fee 1% p.a for corporates
2.5% p.a for retail customer
Interest rate (Base Rate plus margin of 4% p.a.)
Other fees As per TF products will apply (LC charges, BillAvalization
etc.)
Direct Import Financing Appraisal fee 3% per annum
Interest rate (Base Rate plus margin of 4% p.a.)
Structured  Trade Finance Structuring fees 1%
Other Fees: Dependent on the product used to structure the facility.
Each product pricing shall apply
Trade Loans -Post Import Structuring Fee 2.5% per drawdown
Finance
Interest rate (Base Rate plus margin of 4% p.a.)
Trade Loans -Import Duty Appraisal fee 2.5% on the advanced amount
Finance
Interest rate (Base Rate plus margin of 4% p.a.)
Cash Withdrawal Charges
Over the counter withdrawal for Hekima Savings account Ksh.0
Over the counter withdrawal for Transactional Accounts Ksh.100
Salary Processing Charges
Pension Ksh.130
FOSA Salary Ksh.50
Salary returned to employer Ksh.200 for instrument
Produce proceeds -proceeds Ksh.100
Cash Handling Commission Charges
Deposits Nil
Withdrawals Nil
Handling Large coins on relationship basis for saccos Ksh.100 per bag of coins
Fees payment into school Account Free
Bankers opinion Ksh.1000
Access of back data stored with the bank for saccos Ksh.200 per visit
Mutilated Notes collection 1% of amount minimum Ksh.2000
Statements Charges
Scheduled statements Free
E -statements Free
Interim statements per page Ksh.100
ATM Mini Statements Free
Daily and special request Statements Ksh.100 Per Page
Duplicate/additional statements/old records Ksh.250
2-5 years Ksh.500 Per Copy
5 years Ksh.1,000 Per Copy
Closed account (cash) Ksh.1,000 Per Copy
Old Records Charges
Retrieval (cheques, vouchers) Ksh.250 Per Copy
RTS Mail Charges
Where the Bank is not at fault Ksh.100 Per each returned
Stop Payments (Customer  Cheques) Charges
Foreign Currency Account US$ 5 or equivalent per cheque
Current Account Ksh.400
Closure of Account Charges
Goldfish Account Free
Foreign Currency Current Account US$ 5 or equivalent
All other accounts:
Less than three months Free
3 months to 6 months
Over 6 months
Transfer of Accounts (inter-branch)
Current (Memo Group 02120, Savings  (Memo Group 02100,
03120 & 22120) 03100 & 22100)
Opening Balance USD 10 USD 10
GBP 10 GBP 10
EUR 10 EUR 10
Minimum Operating Balance Nil Nil
Account Maintenance Fee (P.m) USD 5 Nil
GBP 5
EUR 5
Stop payments USD 4 N/A
GBP 4
EUR 4
Unpaid Cheques, Refer to Drawer& E ects Not USD 25 N/A
Cleared EUR 25
GBP 25
Encashment of ird  -Party Cheques  drawn USD 5 N/A
own bank GBP 5
EUR 5
Cheque book – 25 leaves USD 3.50 N/A
GBP 3.50
EUR 3.50
Cheque book – 50 leaves USD 7 N/A
GBP 7
EUR 7
Counter cheque USD 4 N/A
GBP 4
EUR 4
Internal Transfer (Self) Free Free
Outward SWIFT Ksh.1,500 equivalent in Ksh.1,500 equivalent in
respective currency respective currency
Statement USD 2.0/page USD 2.0/ page
EUR 2.0/page EUR 2.0/ page
GBP 2.0/page GBP 2.0/ page
* Free E -statement * Free E -statement
Current Account Savings  Account
Dormant Account Re -activation Nil Nil
Cash withdrawal 0.25% for amounts above 0.25% for amounts above
USD 5,000 USD 5,000
GBP 3,800 GBP 3,800
EUR 4,700 EUR 4,700
Cash deposit Up to USD 40,000- Free Up to USD 40,000- Free
Above USD 40,000, Above USD 40,000,
GBP 30,000 & GBP 30,000 &
EUR 38,000- EUR 38,000-
0.25% of the amount 0.25% of the amount
Account Closure USD 5 USD 5
EUR 5 EUR 5
GBP 5 GBP 5
NB: Where there are conversions from one currency to another, the bank doesn`t charge withdrawal or
cash handling fee
Purchase of Treasury Bills/ Bonds on behalf of customers Charges
Up to Ksh.10 million 1% of interest earned min Ksh.1,500
Above Ksh.10 million up to Ksh.50 million 0.75% interest earned min Ksh.1,500
Over Ksh.50 million 0.5% interest earned min Ksh.1,500
Foreign Transfer of Funds (Outward)
Mail Transfer Charges
Customers Ksh.1,500
Non –Customer Ksh.1,500
Foreign Currency Dra s (In Ksh or Equivalent in Forex Charges
Dra s on application Ksh.500 plus cash handling charges (where applicable)
Postage Ksh. 100
Stamp duty Ksh. 2.50
Payment advising fee Ksh.500 (for Dra s drawn on SA, Indian banks and all dra s
of value of $5000 and above
Replacement of Dra s / IMO Ksh.250 per request plus cost of cable
Stop Payment instructions Charges
Commission Ksh.1,000 plus 20% excise duty
Other foreign bank`s charges Ksh, Depends on Correspondent Bank
Foreign Transfer of Funds (Inwards) Charges
Bills of Collection Commission of Ksh.1,000
Courier charges (as per what has been charged by the service
provider
Unpaid cheques Commission of Ksh.1,000
Other Money Transfer Charges Charges
Incoming RTGS Free
RTGS Out going Ksh.500 regardless of amount
SWIFT Charges (Outgoing) Ksh.1,500  regardless of amount
Incoming SWIFT payments Ksh.500
Outgoing /Incoming Customer Requests /Inquires Ksh.600
/Amendments through SWIFT
Foreign Bills for Collection  (Inward) Charges
Clean 0.3% flat , min Ksh.1000 (Applies to any amount )
Documentary 0.3% flat , min Ksh.1000 (Applies to any amount )
Tracer /Chaser Ksh.600 plus related costs incurred
Extensions of bills 0.3% ,min Ksh.1000 plus cables/ SWIFT charges of Ksh.1000
Charge for bonding goods Charges
Holding commission / where bill is outstanding Nil
1 month a er due date Ksh.1000 flat per month
Note /protest Ksh.1000 per bill plus notary fees
Document handling charge Ksh.1000 plus collection commission (unpaid /unaccepted)
Discharging to other banks Ksh.2,000 per discharge
Foreign Bills for Collection  (Outward) Charges
Clean Nil
Minimum bill amount USD 50 0.3% flat ,min Ksh.1000 plus courier or equivalent charges
(Applies to any amount above USD.500)
Bills drawn on countries where the bank is not represented Additional charges of Ksh.500
Bills drawn in currency di erent from that of the paying Additional charges of Ksh.500
bank`s
Bills drawn in Swiss Francs (CHF) 5 SCF or equivalent as additional charges courier charges
Documentary Charges
Tracer/ Chase for payment not received Ksh.600 plus related costs incurred
Other Charges
Stop payment charges for EURO &GBP
Unpaid Deferred Forex Cheques USD 7, GBP 7 & EURO 7
Unpaid Co -op Forex Cheques technical reasons USD 10, GBP 10 & EURO 10
Unpaid Cheques , Payee USD 7, GBP 7 & EURO 7
Clearing cheques -Free
Bank cheques issuance commission:
To customers -Ksh.200 per cheques
To Non-Customers -Ksh.200 per cheques

 

 

 

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