Current Accounts

African Banking Corporation Limited Chequing Plus Current Account Details

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

Chequing Plus Account
Min Opening Balance
KES
2000
Maintenance Fee
KES
100
For balances below Ksh100K
Ledger Fee (Per Transaction)
KES
30
Min of Ksh2000 required to open
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Account details

  • ‍‍Opening balance: Ksh2000
  • Operating balance: Ksh100
  • Maintenance fees: Ksh100
  • Ledger fees: Ksh30 per transaction (8 Free Transactions)‍

Transactional Charges (per transaction)‍

  • OTC withdrawal: ksh100
  • OTC cash deposits: 0.25% of the amount above 500K
  • Internal Transfers: Free
  • RTGS: ksh500
  • International transfers: ksh1500
  • ATM Withdrawals: ksh30
  • Salary processing: ksh100
  • Internal Standing orders: Free
  • External Standing Orders: ksh500‍

Account Access Charges (per item)‍‍

  • Debit card: ksh500
  • Cheque book: ksh15 per leaf
  • Bankers cheque: ksh300
  • Counter cheque: ksh300
  • Standing order: ksh500‍

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: ksh1000
  • Cheque ‘Refer to drawer’: ksh2500‍

Documentation Required‍

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

Money254 Review

Pros:

  • Access to Cheque book, debit card, internet banking and mobile banking
  • 8 free withdrawals per month
  • No operating balance required

Cons:

  • Monthly amintenance fee of ksh100
  • Ledger fees of ksh30 per transaction
  • Opening balance of ksh2000 required

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