Current Accounts

ABSA Bank Kenya Plc Premier Banking Current Account Details

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

Premier Banking Account
Min Opening Balance
KES
7000000
Maintenance Fee
KES
3100
Ledger Fee (Per Transaction)
KES
0
7m
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Account Details

  • ‍‍Opening balance: Ksh7000000
  • Operating balance: Ksh0
  • Maintenance fees: Ksh3,100
  • 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: 2,500
  • ATM Withdrawals: 30
  • Salary processing: 0
  • Internal Standing orders: Free
  • External Standing Orders: 420
  • Bank Account to Mobile Money transfer: 13.2 - 84

Account Access Charges (per item)‍‍‍

  • Debit card: 460
  • Cheque book: 17.30 per leaf
  • 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’: 4000‍

Documentation Required‍

Money254 Review

Pros:

  • Debit card and cheque book available

Cons:

  • Monthly Ledger fees of 3100
  • OTC Withdrawal charged 310 for amounts above ATM Daily limit(40k)
  • Internal Transfer charged kes 50

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