One of the Kenya's leading financial institutions Equity Bank, has announced the re-introduction of the Bank to mobile transfer Charges following the announcement by the Central Bank of Kenya.
In an email sent to clients by the financial institution, all transactions will be charged from the 1st day of January 2023. The bank released the new charges as shown in the email attached. Only those sending money below 100 will not be charged. The Highest charge will be 65 which will be charged on clients transferring between 20,000 to the maximum of 150,000.
The bank however clarified that the charges do not include government taxes.
A copy of an email the Equity Bank Kenya Limited has sent to clients. Photo/Courtesy.
The Central Bank of Kenya (CBK) reintroduced the charges which had been waived on March 16 2020 following the emergence of the deadly Covid-19 which limited the physical interactions, the online transactions were also important in limiting the spread of the virus.
Content created and supplied by: instantNewsKe (via Opera News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More