African Banking Corporation Limited Pesa Transactional Account Details

Rates available from as of 1st April 2021
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African Banking Corporation Limited

Pesa Account
Min Opening Balance
KES
500
Maintenance Fee
KES
100
Ledger Fee (Per Transaction)
KES
30
Min of Ksh 500 required to open
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Account details

  • Opening balance: 500
  • Operating balance: 100
  • Maintenance fees: 100
  • Ledger fees: 30 per transaction

Transactional Charges (per transaction)

  • OTC withdrawal: 100
  • OTC cash deposits: 0.25% of the amount above 500K
  • Internal Transfers: Free
  • RTGS: 500
  • International transfers: 1500
  • ATM Withdrawals: 30
  • Salary processing: Free
  • Internal Standing Orders: Free
  • External Standing Orders: 500

Account Access Charges (per item)

  • Debit card: 500
  • Cheque book: 15 per leaf
  • Bankers cheque: 300
  • Counter cheque: 300
  • Standing order: 500

Account Management Charges (per request)

  • ATM Statement: Free
  • Mobile banking statement: Free
  • Branch Statement: Free
  • Mobile balance enquiry: Free

Penalty Charges (per instance)

  • Failed standing order: 1000
  • Cheque ‘Refer to drawer’: 2500

Documentation Required:

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Pros:

  • Free internal transfers
  • Free statements
  • Free internet banking
  • Access to salary advance
  • Available across major FCY

Cons:

  • Monthly maintenance fee of 100
  • Opening balance of 500 and operating balance of 100 required
  • Ledger fees of 30 per transaction
  • No access to a cheque book

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