ABSA Bank Kenya Plc Student Transactional Account Details

Rates available from as of 1st April 2021
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ABSA Bank Kenya Plc

Student Account
Min Opening Balance
Maintenance Fee
Ledger Fee (Per Transaction)
No opening balance required
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Account Details

  • Opening balance: Ksh 0
  • Operating balance: Ksh 0
  • Maintenance fees: No fee
  • Ledger fees: No fee

Transactional Charges (per transaction)

  • OTC withdrawal above 40K: 310
  • OTC withdrawal below 40k: 400
  • OTC cash deposits: 0.2% of amount
  • Internal Transfers: 50
  • RTGS: 500
  • International transfers: 2500
  • ATM Withdrawals: 30
  • Salary processing: N/A
  • Internal standing orders: Free
  • External standing orders: 420

Account Access Charges (per item)

  • Debit card: 460
  • Cheque book: None
  • Bankers cheque: 600
  • Counter cheque: 400
  • Standing order: 420

Account Management Charges (per request)

  • ATM Statement: 5.5 for a print out
  • Mobile banking statement: 20
  • Branch Statement:25
  • Mobile balance enquiry: 20

Penalty Charges (per instance)

  • Failed standing order: 4000
  • Cheque ‘Refer to drawer’: N/A

Documentation Required

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

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  • No minimum operating balance
  • No Maintenance and Ledger fees
  • Debit Card and mobile banking available


  • Mobile balance enquiry and account statement charged 20
  • Cheque book not available for this account
  • OTC Withdrawals charged 310 for amounts above ATM daily limit (40k)

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