Current Accounts

Mayfair Bank Limited Standard Current Account Details

Rates available from as of 1st April 2021
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Mayfair Bank Limited

Standard Current Account
Min Opening Balance
KES
20000
Maintenance Fee
KES
0
Ledger Fee (Per Transaction)
KES
20
Minimum Ksh 500 monthly
Min of Ksh20,000 required to open
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Account Details

  • ‍‍Opening balance: ksh 20,000
  • Operating balance: ksh 20,000
  • Maintenance fees: No fee
  • Ledger fees: Ksh 20 per item, minimum 500 per month

‍Transactional Charges (per transaction)

  • ‍‍OTC withdrawal: Free
  • OTC cash deposits: Free
  • Internal Transfers: Free
  • RTGS: 500
  • International transfers: 300
  • ATM Withdrawals: N/A
  • Salary processing: 50
  • Internal Standing Orders: Free
  • External Standing Orders: 300‍

Account Access Charges (per item)‍

  • Over the counter: Free
  • Debit card: None
  • Cheque book: 750(50 leaves)
  • Bankers cheque: 500
  • Counter cheque: None
  • Standing order: 300‍

Account Management Charges (per request)‍

  • ATM Statement: N/A
  • Mobile banking statement: Free
  • Branch Statement: Free
  • Mobile balance enquiry: Free‍

Penalty Charges (per instance)‍

  • Failed standing order: 2000
  • Cheque ‘Refer to drawer’: 2500‍

Documentation Required‍

  • National ID/Valid Passport
  • KRA PIN
  • Passport photo
  • T&C Link

Money254 Review

Pros:

  • Free internal transfers
  • Free e-statements
  • Access to Mobile banking and cheque book

Cons:

  • No Access to debit card
  • Opening balance of 20000 required
  • Ledger fees of of 20 per item (minimum 500 monthly)

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