Kenyans lose over KES 50,000 annually to hidden bank fees. This guide reveals exactly what each bank charges so you can choose wisely.
*Based on typical usage: 4 ATM withdrawals and 2 transfers per month
| Bank | Monthly Fee | ATM (Own) | ATM (Other) | Transfer | SMS Alert | Min Balance |
|---|---|---|---|---|---|---|
| Equity BankBest Value | FREE | FREE | KES 35 | KES 50 | FREE | None |
| KCB Bank | KES 100 | FREE | KES 35 | KES 55 | KES 30/mo | KES 1,000 |
| Co-operative Bank | KES 150 | FREE | KES 35 | KES 60 | KES 25/mo | KES 500 |
| I&M Bank | KES 200 | FREE | KES 40 | KES 55 | KES 25/mo | KES 1,000 |
| NCBA Bank | KES 200 | KES 30 | KES 50 | KES 75 | KES 35/mo | KES 1,000 |
| Absa Bank | KES 250 | FREE | KES 45 | KES 65 | KES 30/mo | KES 2,000 |
| Stanbic Bank | KES 300 | FREE | KES 50 | KES 80 | KES 35/mo | KES 5,000 |
| Standard Chartered | KES 400 | FREE | KES 60 | KES 100 | KES 40/mo | KES 10,000 |
Fees shown are for standard savings accounts. Premium accounts may have different fee structures. Data verified November 2025.
If your account is inactive for 12+ months, banks charge KES 100-500/month until your balance reaches zero.
Tip: Make at least one transaction every 6 months.
Drop below the minimum balance and pay KES 100-300/month penalty. Some banks charge this even when you're KES 1 short.
Tip: Choose banks with zero minimum balance requirements.
Printed statements cost KES 100-500. Even email statements can cost KES 50 at some banks.
Tip: Use mobile banking apps for free statements.
Lost your ATM card? Expect to pay KES 300-1,000 for a replacement, plus 5-10 days waiting time.
Tip: Use mobile money as backup for emergencies.
Use our free calculator to find out exactly how much you're paying in bank fees.
Open Fee CalculatorOther bank ATMs charge KES 35-60 per withdrawal. Plan ahead.
Most banks offer free transfers via mobile app vs KES 50-100 at branch.
Use app notifications instead. Save KES 300-500/year.
Avoid the monthly penalty by keeping required minimum.
Equity Bank and some digital banks offer completely free accounts.
Multiple accounts = multiple fees. Keep only what you need.
Often cheaper than bank transfers for amounts under KES 10,000.
Journalists and researchers: This data is free to use with attribution.