Tariff Guide

*All tariff charges are exclusive of applicable taxes

LOCAL CURRENCY ACCOUNTS CREDIT CARDS

1. Ledger Fees VISA GOLD REWARD CARD
1.1 Elite Account KES 1899 standard monthly charge 2.1 Joining Fee Free
1.2 Aspire Plus Account KES 899 standard monthly charge 2.2 Annual Fees KES. 3000
1.3 Aspire Account KES 99 standard monthly charge 2.3 Card/ Pin Replacement Fee KES. 1000
1.4 Plus Current Account KES 350 standard monthly charge 2.4 Cash Advance Fees 6.00% Per Withdrawal
(per transaction fee of KES 25 after first 14 transactions) 2.5 Over Limit Fees KES. 1000 Per Limit Excess
1.5 Busines Plus Current Account KES 1250 standard monthly charge 2.6 Late Payment Fees KES. 1000 Per Month
(per transaction fee of KES 25 after first 50 transactions) 2.7 Interest 3.25% p.m.
1.6 Genesis Current Account Per transaction ledger fee Kes. 30.00 (or FCY equivalent) 2.8 Supplementary Card KES. 2000 Per Card
1.7 Jijenge Biashara Account Per transaction ledger fee Kes. 10.00 (or FCY equivalent)
EXPORT & IMPORT (TRADE FINANCE)
2. Debit Cards (VISA) 1. Import Letter of Credit:
2.2 Card Application fee KES 500 1.1 Letter of Credit Opening
2.3 Card Replacement fee KES 500 1.11 Corporates 0.5 % for per quarter minimum KES 3000
+ SWIFT Charges KES 2000
3. Cash Handling 1.12 MSMEs 1.0 % for per quarter minimum KES 3000
3.1 Deposits Free + SWIFT Charges KES 2000
3.2 Withdrawal 0.25% (above KES 1,000,000) 1.2 L/C Amendment Commission KES 2000 flat
+ SWIFT Charges KES 2000
4. Cheque Book Charges 50 Leaves 100 Leaves 1.3 L/C Acceptance Commission 0.5% per quarter minimum KES 3000
KES 725 KES 1450 + SWIFT Charges KES 2000
1.4 L/C Settlement Commission 0.25% minimum KES 3000
5. Search Fee 1.5 Shipping Guarantee 0.5 % for per quarter minimum KES 2000
5.1 Business Entities KES 1000 1.6 Release against indemnity KES 3000
5.2 Alternatively Registered Entities KES 4000 1.7 Closure of unutilized Letters of Credit KES. 5,000
1.8 Documents Examination KES 3,000
FOREIGN CURRENCY ACCOUNTS
1. Ledger fees 2. Export Letter of Credit:
1.1 Personal Current Account (USD, GBP, EUR, Pay as you transact 2.1 Advising L/C and Amendment KES 1,500
AUD, ZAR) 2.2 L/C Confirmation Commission 0.5% for 3 months
1.2 Business Current Account (USD, GBP, EUR) 5.00 Units in currency of the account 2.3 L/C Negotiation Commission 0.25% Min. KES 3,000
2.4 Postage for Export Documents (DHL) Charged at courier Cost Min KES 1,000
2. Cash Handling Charges 2.5 LC & Amended Advice Non customer KES 2,000 flat per advice
(Amounts above KES 1,000,000 Equivalent) 2.6 Transferring commission 0.25% per quarter
2.1 FCY Cash Sold/ Withdrawal 0.25% 2.7 Documents Examination KES 3,000

3. Cheque Book Charges 50 Leaves 100 Leaves 3. Import Collection

Personal & Business accounts 8.00 Units in 16.00 Units in 3.1 Settlement Commission 0.25% Min 3,000 + SWIFT 2,000
currency of the account currency of the account 3.2 Tracer KES 1,000 each
3.3 Discharging Commission KES 2,000 flat
ACCOUNT CLOSURE 3.4 Postage for Import Collection KES 1,000 per set of documents
1. Closing of Account No Charge 3.5 Bill Avalization 0.5% per quarter Min 3,000 + SWIFT 2,000
3.6 Documents handling fee KES 1500
CASH PAYMENTS 3.7 Amendment SWIFT Kes . 2000
1. Cash withdrawal using counter cheque KES 350 per withdrawal
4. Export Collection
2. Third party encashment over the counter KES 1,000 4.1 Settlement Commission 0.25% Min. KES 3,000
4.2 Postage (DHL) Charged at courier Cost Min Kes 1,000
3. Over the counter withdrawal KES 200 4.3 Documents handling fee KES 1500
4.4 Amendment SWIFT -Kes . 2000
4. ATM Transactions
4.1 Kenswitch KES 50 per transaction 5. Local Bills
4.2 Pesa point KES 100 per transaction 5.1 Discount Commission 2% flat
4.3 SBM Kenya ATM Fees KES 30 per transaction 5.2 Local Bill Returned Unpaid KES 1000 per Bill
4.4 Non SBM Kenya ATM’s KES 100 per transaction 5.3 Postage KES 1000
4.5 Visa International ATM’s KES 250 per transaction 5.4 Extension Commission 1% Flat per bill
5.5 Local Bill Sent for Collection 0.5% flat per Bill
CLEARING AND REMITTANCES 5.6 Local Bill Received on Collection KES 1000 flat per Bill
1. Credit Clearing V.A.T & P.A.Y.E KES 300 per item 5.7 Maturity date extension KES 1000 flat per Bill
5.8 Documents handling fee KES 1500
2. Telegraphic Transfer Sent Abroad
2.1 USD/GBP/EUR/CHF/AUD/JPY/ZAR/AED SEK/ KES SWIFT 1500 BONDS / GUARANTEES
NOK/DKK
1. Issue of bonds and bank guarantees
1.1 Bid bonds 1% Flat with min charge of KES 5,000
3. Electronic Funds Transfer
1.2 Performance Bond 1% per quarter min KES 5,000
3.1 Outward EFT KES 300
1.3 Advance Payment Guarantee 1% per quarter min KES 5,000
1.4 Immigration/Customs/Insurance/ Transit 1% per quarter min KES 5,000
4. Incoming Transfer Received From Abroad
Guarantee
4.1 Transfer non STP Less 13 USD
1.5 Payment/Financial/Demand Guarantees 1% per quarter min KES 5,000
4.2 Transfer STP Less 10 USD
1.6 Cancellation of Uncollected Guarantees KES 5,000
5. Standing Orders
1.7 Amendment fee KES 1,000
5.1 Set up fee via SPS KES 300 per item
1.8 Guarantee Advising Charge KES 1,500
5.2 Internal standing orders via SPS No charge
1.9 Swift Charge KES 2,000
5.3 External standing orders via SPS KES 300 per item
5.4 Unpaid standing orders/direct debits KES 1,000 per item
(Inward and outward) OTHER SERVICES
5.5 Inward direct debits KES 300 per item 1. Banker’s Opinion
1.1 Local KES 2,000 per opinion
6. Stop Payments/ Cancellations 1.2 Foreign KES 2,000 per opinion + KES 2,000 postage
6.1 Normal Cheques KES 500 per notice
6.2 Local Bankers Cheques KES 1,000 per notice 2. General Inquiries on Accounts - Cheque/ Cash
6.3 SWIFT Tracers/ Recall/ Amendments KES 3,000 per item Deposit (Retrieval)
2.1 Items < 6 months KES 400 per item
7. RTGS transfers 2.2 Items > 6 months < 1 year KES 600 per item
7.1 Outgoing RTGS transfers KES 500 2.3 Items > 2 years KES 1,000 per item
(USD, KES, GBP, EUR, TZS, UGX, RWF)
3. Full Audit Report KES 2000 per report
8. Internal Transfers KES 100
4. Balance Confirmation KES 1,000 per letter
9. Cheques Returned Unpaid as ‘Refer to Drawer’ GBP USD EUR
9.1 By SBM Kenya 13 13 13 5. Statements of Accounts
9.2 By other local bank 20 20 20 5.1 Interim statements of account KES 200 per page

10. Salary Processing 6. E-Statements

10.1 Salary Processing via SPS KES 150 per item 6.1 Daily (Charged Monthly) KES 60 (per day)
6.2 Weekly (Charged Monthly) KES 200 (per week)
11. Own Cheques Unpaid KES 2,500 per cheque 6.3 Monthly Free

12. Outward unpaid cheques KES 1,000 per cheque 7. Postage Charges
7.1 Local KES 200
DRAFTS 7.2 Upcountry by courier KES 300
1. Banker’s Cheque: 7.3 Overseas by courier KES 3,000
1.1 Account Holder KES 400 per cheque
8. Certification of Statements KES 100 per page
2. Foreign Currency Cheques
2.1 Postage KES 3000 9. Safety Deposit Locker Annual Charges
9.1 Small KES 4,000
PREPAID CARDS (VISA USD CARD) 9.2 Medium KES 6,000
1. Issuance and Replacement 9.3 Large KES 7,000
1.1 Isssuance USD 3 (minimum initial reload of USD 22)
1.2 Replacement USD 10 10. Digital Banking (Online and Mobile Banking) Charges
10.1 Transaction Bands (KES) SAFARICOM SBM TOTAL
AGENCY BANKING SERVICES 0 - 100 free free free
101 - 500 4 6 10
1. DEPOSIT (KES) Customer charges
501 - 1,000 4 8 12
100 - 5,000 Free
1,001 - 1,500 4 10 14
5,001 - 10,000 Free
1,501 - 2,500 8 15 23
10,001 - 20,000 Free
2,501 - 3,500 8 25 33
200,01 - 50,000 Free
3,501 -5,000 8 35 43
50,001 - 100,000 Free
5,001 - 7,500 10 45 55
Above 100,000 Free
7,501 - 20,000 10 55 65
20,001 - 150,00 12 55 67
2. WITHDRAWAL (KES)
10.2 Mfukoni (MPESA to Bank Account) free
2,500 and below 25
10.3 Mfukoni (Account E-Statements Service) free
2,501 - 5,000 45
10.4 Mfukoni Bill Payments free
5,001 - 10,000 75
10.5 Mfukoni Airtime Top-up free
10,001 - 20,000 145
10.6 Mfukoni (Funds Transfer) free
20,001 - 35,000 170
a) SBM Account to SBM Account free
35,001 - 50,000 195
b) SBM to Local Bank (RTGS) KES 500
50,001 - 100,000 225
c) SBM to International Bank KES 1,500 per transaction
Above 100,000 300
d) SBM to Local Bank (EFT) KES 150

0709 800 000 / 0730 175 000 [email protected] SBMBankKenya @sbmbankkenya 0773 758 196

SBM BANK (K) Ltd. is regulated by the Central Bank of Kenya.