Stop overpaying! Compare hidden charges across all major banks.
đĄ Did you know? The average Kenyan pays KES 15,000+ per year in bank fees. Switching to a low-fee bank could save you enough for a holiday!
| Bank | Account Maintenance | ATM Withdrawal | Mobile Banking | Loan Processing | Inter-Bank Transfer | Standing Order |
|---|---|---|---|---|---|---|
KCB Bank BEST | KES 350/month | KES 35 (own) / KES 50 (other) | Free | 1-2% of loan amount | KES 45-120 | KES 80/month |
Equity Bank | KES 300/month | KES 30 (own) / KES 45 (other) | Free | 1-2% of loan amount | KES 40-110 | KES 75/month |
Co-operative Bank | KES 400/month | KES 40 (own) / KES 55 (other) | Free | 1.5-2.5% of loan amount | KES 50-130 | KES 85/month |
NCBA Bank | KES 450/month | KES 45 (own) / KES 60 (other) | Free | 2-3% of loan amount | KES 55-140 | KES 90/month |
Absa Bank | KES 500/month | KES 50 (own) / KES 65 (other) | Free | 2-3% of loan amount | KES 60-150 | KES 95/month |
Stanbic Bank | KES 450/month | KES 45 (own) / KES 60 (other) | Free | 2-2.5% of loan amount | KES 55-135 | KES 90/month |
Standard Chartered | KES 600/month | KES 55 (own) / KES 70 (other) | Free | 2.5-3.5% of loan amount | KES 65-160 | KES 100/month |
I&M Bank | KES 400/month | KES 40 (own) / KES 55 (other) | Free | 2-3% of loan amount | KES 50-130 | KES 85/month |
Example: If you currently bank with Standard Chartered and switch to Equity Bank:
Most banks offer free mobile banking. Use it instead of visiting branches or ATMs to save on transaction fees.
Some banks waive monthly fees if you maintain a minimum balance. Check your bank's requirements.
Other-bank ATM withdrawals cost 50-100% more. Plan ahead and use your own bank's ATMs.
Multiple accounts mean multiple maintenance fees. Consolidate to one or two banks to save.
Long-term customers with high balances can often negotiate lower fees or waivers.
For small amounts, M-Pesa can be cheaper than bank transfers. Compare costs first.
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