EQUITY BANK (KENYA) LIMITED PRODUCTS & SERVICES TARIFF GUIDE

PERSONAL ACCOUNTS EQUITY PERSONAL JUNIOR REMITTANCE TEEN ACHIEVERS SCHOOL TRADE FINANCE
ORDINARY CURRENT MEMBER ACCOUNT MEMBER STUDENTS FEES Import Letters of Credit
ACCOUNT ACCOUNT ACCOUNT ACCOUNT ACCOUNT ACCOUNT Opening Commission 1% per quarter or part thereof
Retail KSHS KSHS KSHS KSHS KSHS KSHS KSHS minimum KShs. 2,000
Account Opening Balance 400 5,000 200 Nil 200 Nil 100 SWIFT Charges KShs. 3,000 for long message and
Minimum Operating Balance Nil Nil 200 Nil 200 Nil 100 KShs. 1,500 for short message
Inter-branch Cash Withdrawal 100 100 100 100 100 100 100 Amendment KShs. 2,000 plus swift charges
Account Closing Fees 350 1, 000 300 350 300 300 300 Extension of the LC Validity 1% per quarter or part thereof
Counter Cash Withdrawal 100 100 2 free in a year, 100 2 free in a year, 100 4 free in a year, minimum KShs. 2,000
additional 100 additional 100 additional 100 Increase in Amount of Credit 1% per quarter or part thereof
Corporate KSHS KSHS KSHS KSHS KSHS KSHS KSHS minimum KShs. 2,000
Account Opening Balance 5,000 10,000 200 5 ,000 200 Nil 100 Retirement Commission 0.25% minimum KShs. 2,000;
maximum KShs. 10,000
Minimum Operating Balance Nil Nil 200 Nil 200 Nil 100
Acceptance Commission 1% per quarter or part thereof
Inter-branch Cash Withdrawal 150 150 150 150 150 150 150 minimum KShs. 2,000
Account Closing Fees 350 1,000 300 350 300 300 300
Post import Finance Commission 0.5% per quarter or part thereof plus
Counter Cash Withdrawal 100 100 2 free in a year, 100 2 free in a year, 100 4 free in a year, applicable interest
additional 100 additional 100 additional 100
Extension of Maturity of Bill - LC 1% per quarter or part thereof
Counter Cash Withdrawal - Non Corporate 300 300 300 300 300 300 300
Customers Postage for LCs Actual courier charges plus KShs. 50
Document Handling KShs. 500
BUSINESS ACCOUNTS BUSINESS ACCOUNT BUSINESS CURRENT INSTITUTION ACCOUNT COLLECTION ACCOUNT LC Discharged Unutilised KShs. 2,000
ACCOUNT Export Letters of Credit
Retail KSHS KSHS KSHS KSHS Advising Commission KShs. 2,000
Account Opening Balance 1, 000 10,000 Nil 10,000 0.5% per quarter or part thereof
Minimum Operating Balance Nil N/A Nil Nil minimum KShs. 2,000
Inter-branch Cash Withdrawal 150 150 Free 150 Amendment KShs. 2,000
Account Closing Fees 500 1, 000 300 1, 000 0.5% per quarter or part thereof
Counter Cash Withdrawal 100 100 Nil 100 minimum KShs. 2,000
Corporate KSHS KSHS KSHS KSHS KShs. 2,000
Account Opening Balance 5, 000 10, 000 Nil 10, 000 0.5% per quarter or part thereof
Minimum Operating Balance Nil Nil Nil Nil minimum KShs. 2,000
Courier Charges Actual courier charges minimum
Inter-branch Cash Withdrawal 150 150 Nil 150
KShs. 4,000
Account Closing Fees 500 1, 000 300 1, 000
0.5% per quarter or part thereof
Counter Cash Withdrawal 100 100 Nil 100 minimum KShs. 2,000
Counter Cash Withdrawal - Non Corporate 1, 000 1, 000 Nil 1, 000 0.25% per quarter or part thereof
Customers minimum KShs. 2,000
SUPREME BRANCHES EQUITY ORDINARY PERSONAL BUSINESS / INSTITUTION BUSINESS INSTITUTION JUNIOR MEMBER Retirement Commission 0.25% minimum KShs. 2,000;
ACCOUNT CURRENT ACCOUNT / COLLECTION SAVINGS / COLLECTION ACCOUNT maximum KShs. 10,000
ACCOUNT CURRENT ACCOUNT Discounting of Bills 1% per quarter or part thereof
minimum KShs. 2,000 plus
KSHS KSHS KSHS KSHS KSHS
applicable interest
Account Opening Balance 50,000 50,000 200,000 200,000 200
Minimum Operating Balance 50,000 50,000 200,000 200,000 N/A Import Documentary Collections
Below Minimum Balance Charge (p.m.) 2,000 2,000 2,000 2,000 N/A Document Handling KShs. 500
Account Closing Fees 2,000 2,000 2,000 2,000 300 Swift KShs. 1,500
Inter-branch Charges (Non-Supreme 3,000 3,000 3,000 3,000 3, 000 Ammendment KShs. 2,000
Customers)
Retirement Commission 0.25% minimum KShs. 2,000;
FIXED AND JIJENGE ACCOUNT KSHS FEES AND COMMISSIONS APPLICABLE KSHS maximum KShs. 10,000
Fixed Account Minimum Balance 20,000 Outward Unpaid Cheque (Refer to Drawer) 2,000 Avalising of Bills 1% per quarter or part thereof
Fixed Account Minimal Balance - Corporate 50,000 Outward Unpaid Cheque (Technical) 2,000 minimum KShs. 2,000
Fixed Deposit - Foreign Currency USD 5,000 (equivalent for other Inhouse Unpaid Cheque (Refer to Drawer) 2,500 Export Documentary Collection
currencies) Inhouse Unpaid Cheque (Refer to Drawer)-Payee 2,000 Document Processing KShs. 2,000
Fixed Deposit - Withdrawal Nil Inhouse Unpaid Cheque (Technical) 2,000 Swift KShs. 1,500
Fixed Deposit - Premature Withdrawal Call Rates Apply Courier Charges Actual courier charges min. KShs.
Hekima Milele Fixed Deposit Minimum Balance 100,000 4,000
Hekima Milele Ordinary Account Monthly 10,000 FOREIGN CURRENCY ACCOUNT KSHS Retirement Commission 0.25% minimum Kshs. 2,000;
Contribution Account Opening Balance 100 USD / equivalent maximum KShs. 10,000
Jijenge Account Minimum Balance - All 300 Minimum Operating Balance 100 USD / equivalent Discounting Commission 1% per quarter or part thereof
Branches minimum KShs. 2,000 plus
Jijenge Minimum Monthly Contribution 300 applicable interest
Jijenge Premature Closure 5% of the savings (minimum KShs. ALTERNATE DELIVERY CHANNELS KSHS
Guarantees
200; maximum 5,000) Visa and Mastercard (Debit Cards)
Bank Guarantees 3% per annum minimum KShs.
Jijenge Account Withdrawal Nil Card Application 600 5,000
Card Replacement (Lost or Damaged) 600 Bid Bonds 1% per annum minimum KShs. 5,000
FOREIGN EXCHANGE SERVICES
ATM Mini-Statement - Display Free Perfomance Bonds 3% per annum minimum KShs.
Ledger Fees N/A
ATM Balance Enquiry - Display Free 5,000
Over the Counter Cash Withdrawal Fee 0.2% of transactional value,
minimum USD 3 ATM Withdrawal at Equity - ATM 30 Extension (Bid Bond) Beyond One Year 1% per annum minimum KShs. 5,000
Inter-branch Cash Withdrawal Charge 0.4% of transactional value, Card Re-Issue Due to Pin Forgotten 600 Extension (Other Guarantees) Beyond One 3% per annum minimum KShs.
minimum USD 3 Card Annual Fee 500 Year 5,000
Cash Deposit above USD 5,000 Charge 0.4% of transactional value, Cash Withdrawal (Other Banks’ ATMs) 200 Amendment (All Guarantees) KShs.1,000
minimum USD 3 Declined Cash Transaction (Other Banks’ ATMs) 30 Custom Bonds 3% per annum min KShs. 5,000
Charges Below Minimum USD 10 or equivalent Card Balance Enquiry (Other Banks’ ATMs) 30 Cancellation Guarantee if not Returned Free
Stop Payment - Foreign Draft KShs. 1,500 or equivalent Cancellation of Returned Guarantees Free
POS Purchase Free
FCY Unpaid Cheques - Drawn on Us USD 25 or equivalent Structured Finance
Cash Back Withdrawal 25
FCY Unpaid Cheques - Drawn on Other Banks USD 15 or equivalent Deal Structuring Fee 0.5% of deal amount
Bills Payment 30
Stop Payment - FCY Cheque USD 15 or equivalent Collateral Management Fee As per collateral management
Foreign Draft KShs. 600 or equivalent Visa Credit Cards
Outgoing Foreign SWIFT Remittance KShs. 1,500 or equivalent Joining Fee - Classic (Main card) 2,500 LOAN & OTHER CREDIT FACILITIES
Incoming SWIFT Remittance KShs. 600 or equivalent Annual Subscription Fees - Classic (Main Card) 2,500 ASSET FINANCE RATES
Foreign Cheques for Collection - up to USD 20 KShs. 300 or equivalent Annual Subscription fees - Classic (Supplementary) 1,500 All Moveable & Fixed Assets CBR + 4%
Foreign Cheques for Collection - over USD 20 KShs. 600 or equivalent Joining Fee - Gold (Main card) 7,500 Insurance Premium Financing CBR + 4%
Transfer From FCY to LCY and vise versa Free Annual Subscription Fee - Gold (Main card) 4,500 CONSUMER-SALARIED LOANS RATES
Foreign Cheque Book KShs. 17.50 per leaf Annual Subscription Fee - Gold (Supplementary) 3,500 Equiloan (based on MoU) CBR + 4%
FCY Cheques Discounting 3% of value Credit Card Replacement Fee (Classic) 1,000 Salary Advance CBR + 4%
Courier charges FCY / Travellers Cheques KShs. 500 Credit Card Replacement Fee (Gold) 1,500 Mobile Loans (Eazzy Loans) CBR + 4%
FEES AND COMMISSIONS APPLICABLE KSHS MORTGAGE PRODUCTS RATES
Eazzy 24/7
Mortgage CBR + 4%
Ledger Fees N/A Eazzy 24/7 Activation Free Plot Purchase CBR + 4%
Search Fees 500 Bill Payments 30 Project Financing CBR + 4%
Inward Clearing Charge 50 Eazzy 24 /7 PIN Change/Stop a Card/Language Change Free MICRO PRODUCTS RATES
Transaction Fees - Outward Clearing Nil Eazzy 24/7 Balance Enquiry/Mini-Statement/Enquries & 10 Micro Products CBR + 4%
Dividend Cheque Clearing Charges Nil Requests Fanikisha Products CBR + 4%
Remittances - Tea, Salaries, Coffee, Milk 100 Eazzy 24/7 Airtime Top-up 10 Group Based Lending CBR + 4%
Inter-branch Cash Deposit Free Eazzy 24/7 Funds Transfer (Equity to Equity) 30 SME & LARGE ENTERPRISES LOANS RATES
Safe Custody Retrieval per visit 500 NB: Mobile Network Operator Charges Apply Working Capital and Business Overdrafts CBR + 4%
Safe Custody Commission (per item, annually) 2,000
E-Banking Capex Facilities CBR + 4%
Postage 50
Money Order 100 Retail E-Banking Subscription Free AGRICULTURE LOANS RATES
Funds Transfer / EFTs - Internal 100 Corporate E-Banking Annual Subscription & Maintenance 10,000 Commercial Agriculture CBR + 4%
Standing Orders - Internal Free Additional Token Key (Corporate E-Banking) 3,500 Agriculture Remittance CBR + 4%
E-Banking Funds Transfer - Retail & Corporate 50 Micro-Business Loan CBR + 4%
Standing Orders / EFTs - External 300
E-Banking Statement Request (Self downloaded) Free Kilimo Maendeleo CBR + 4%
Standing Orders / EFTs - Failed 500
Cheque Stop Payment Instructions 1,000 E-Banking Balance Enquiry Free
LOAN APPLICATION AND CREDIT EVALUATION (L.A.C.E) FEE
Payment Voucher Stop Payment Instructions 1,500 E-Banking - Cheque Book/Bankers Cheque Request 30
Amount (KShs.) LACE
Local Money Transfer EFT to Non-Customers 300 E-Banking PIN Regeneration 200
Loan Restructuring Fees 5%
Ad hoc Statement Fees (per page) 150 NB: PIN Courier Fees Apply
Loans and Advances Loan Application and Credit 5%
Cash & Cheque Deposit Books 100 Evaluation (L.A.C.E)
Cash & Cheque Deposit Books - Corporate Branches Free TRANSACTION FEES AND CHARGES KSHS
SALARY OVERDRAFT/TOD
Bank Opinion / Introduction / Credit Reference 2,000 Collection Account Charges per transaction 50
Below 2,000 KShs. 200
500 Minimum Operating Balance 0.25% Above 2,000 10%
1,000 Bulk Coins over KShs. 10,000 0.25% UNCLEARED EFFECTS
Registered Mail postage 150 Dormant Account Reactivation Fees 200 Below 10,000 KShs. 300
Photocopy per page 20 Direct Debit Failure Charge 300 Above 10,000 3%
Retrieval of Documents (more than 1
month old) 500 CHEQUE BOOKS & BANKERS CHEQUES KSHS
PAYE Remittances 300 Cheque Books - Small (inclusive 2.5 Stamp Duty) per leaf 17.50 per leaf
RTGS Incoming Free * All charges are exclusive of taxes
Cheque Books - Large (inclusive 2.5 Stamp Duty) per leaf 17.50 per leaf
RTGS Outgoing Remittance Commission 500 Counter Cheque (Retail) 300 Revised in 2016
Bills Payable Printing for Client 100 per cheque Counter Cheque (Supreme) 500
Standing Instructions Placement Charge(Customers/Non-Customers) 200
Payment Voucher (In-House Cheque Book) per leaf 17.50 per leaf
KPLC Payments Commission 25
Bankers Cheques - Customers 100
Inward Unpaid Cheque (Refer to Drawer) 2,500
Bankers Cheques - Non-Customers 100
Inward Unpaid Cheque (Technical) 2,000
Cheque Book Issued Commission (100 pages) 1,750