African Banking Corporation Limited Taiseer Transactional Account Details

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

Taiseer Account
Min Opening Balance
KES
1000
Maintenance Fee
KES
50
For balances below Ksh 50K
Ledger Fee (Per Transaction)
KES
30
Min of Ksh 1000 required to open
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Account details

  • Opening balance: Ksh 1000
  • Operating balance: Ksh 1000
  • Maintenance fees: Ksh 50
  • Ledger fees: Ksh 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: 100
  • Internal standing Orders: Free
  • External Standing Orders: 500

Account Access Charges (per item)

  • Over the counter: 100
  • 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

  • National ID
  • KRA Pin
  • Passport Photo
  • T&C Link

Money254 Review

Pros:

  • Access to Debit card, cheque book, and internet banking
  • Available across FCY
  • 8 free withdrawals per month

Cons:

  • Opening balance of 1000 required
  • Operating balance of 1000 required
  • Monthly maintenance fee of 50
  • Ledger fees of 30 per transaction

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