Notice on reintroduction of Bank to Mobile wallet transfer charges – 30th December

Posted on December 30, 2022 (January 11, 2023) by admin

Effective 1st January 2023, we reintroduced Bank to mobile wallet transfer charges, in line with recent Central Bank of Kenya guidelines.

Please see below charges which are inclusive of excide duty:

BANK CHARGES FOR TRANSACTION BETWEEN AFRICAN BANKING CORPORATION AND PAYMENT SERVICE PROVIDERS (MOBILE WALLETS)

		Bank to Mobile Wallet			Mobile Wallet to Bank
Amount transferred Ksh.		Bank charge: Ksh.	PSP charge: Ksh.	Total charge to customer: Ksh.	Bank charge: Ksh.	PSP charge: Ksh.	Total charge to customer: Ksh.
1	100	0	0	0	0	0	0
101	500	6	5	11	0	6	6
501	1,000	8	7	15	0	12	12
1,001	1,500	10	8	18	0	22	22
1,501	2,500	15	10	25	0	28	28
2,501	3,500	25	10	35	0	34	34
3,501	5,000	35	12	47	0	40	40
5,001	7,500	45	12	57	0	45	45
7,501	10,000	55	12	67	0	50	50
10,001	15,000	55	12	67	0	57	57
15,001	20,000	55	12	67	0	60	60
20,001	25,000	55	15	70	0	69	69
25 ,001	30,000	55	15	70	0	78	78
30,001	35,000	55	15	70	0	87	87
35,001	40,000	55	15	70	0	96	96
40,001	45,000	55	15	70	0	105	105
45,001	50,000	55	15	70	0	105	105
50,001	70,000	55	15	70	0	105	105
70,001	150,000	55	15	70	0	105	105

*Applicable charges will be displayed on our Internet Banking platform/mobile app prior to completing a transaction.

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CRS: What You Need to Know

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