Faulu Microfinance Bank Limited Faulu Personal Transactional Account Details

Rates available from as of 1st April 2021
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Faulu Microfinance Bank Limited

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

  • Opening balance: 0
  • Operating balance: Ksh200
  • Maintenance fees: No fee
  • Ledger fees: No fee

Transactional Charges (per transaction)

  • OTC withdrawal: ksh100
  • OTC cash deposits: 0.2% of the amount for above 1M
  • Internal Transfers: ksh100
  • RTGS: ksh500
  • International transfers: ksh1,750
  • ATM Withdrawals: ksh50
  • Salary processing: ksh100
  • Internal standing orders: ksh200
  • External Standing Orders: ksh200

Account Access Charges (per item)

  • Over the counter: ksh100
  • Debit card: ksh500
  • Cheque book: ksh15 per leaf
  • Bankers cheque: ksh100
  • Counter cheque: None
  • Standing order: ksh200

Account Management Charges (per request)

  • ATM Statement: ksh10
  • Mobile banking statement: ksh10
  • Branch Statement: Free
  • Mobile balance enquiry: ksh10

Penalty Charges (per instance)

  • Failed standing order: ksh2,000
  • Cheque ‘Refer to drawer’: ksh2,000

Documentation Required

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

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  • No ledger and maintenance fees
  • No opening balance required
  • Access to debit card and cheque book


  • Cash deposits of over 1m charged 0.2% of the amount
  • OTC withdrawals charged Ksh100
  • Account closing charged Ksh200

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