2015 Product Profile
FIDELITY COMMERCIAL BANK LIMITED
CURRENT ACCOUNTS Personal Current Account A single current account with multiple currencies that does it all. Because simple is better. Our full service current account is simple and convenient to use, with exceptional customer service and innovative solutions to keep you moving forward. You also get access to debit cards, credit cards, car loans, personal loans, and overdraft facilities at competitive rates, plus progressive insurance products to protect you and your family at home, at work, or on the road.
Account Rates Currency
Opening Balance
Min Balance
Min Balance Fee
Interest Rate
Interest Cycle
Interest Min Balance
Ledger Fee
Ledger Fee Min
Cheque Book (Per Leaf)
Statements
Debit Card
KES
5,000.00
5,000.00
500.00
5.00%
Monthly
100,000.00
30.00
500.00
18.00
Free Monthly
Free At Issue
USD
200.00
200.00
5.00
1.50%
Monthly
5,000.00
0.30
5.00
0.18
Free Monthly
Free At Issue
EUR
200.00
200.00
4.35
1.50%
Monthly
5,000.00
0.25
4.35
0.16
Free Monthly
Free At Issue
GBP
200.00
200.00
3.15
1.50%
Monthly
4,000.00
0.20
3.15
0.11
Free Monthly
Free At Issue
CAD
200.00
200.00
6.25
1.50%
Monthly
7,000.00
0.40
6.25
0.22
Free Monthly
Free At Issue
ZAR
2,000.00
2,000.00
56.00
1.50%
Monthly
60,000.00
3.40
56.00
2.00
Free Monthly
Free At Issue
INR
15,000.00
15,000.00
334.00
1.50%
Monthly
350,000.00
20.00
334.00
12.00
Free Monthly
Free At Issue
*The minimum ledger fee includes 17 entries.
Account Benefits •
Enjoy low opening and minimum balances to get you started and begin transacting.
•
Earn interest on your money and pay only for services that you use. Nothing more.
•
Make payments and manage your money with a cheque book.
•
Access your cash 24 hours a day at any VISA ATM globally, and pay for goods and services both locally and abroad using your Visa debit card.
•
Check balances and rates, transfer funds, and pay your bills anytime with Online, Mobile and SMS banking.
•
Get SMS and Email alerts for every transaction any time on your bank or card accounts for added security.
The account is available in Kenya Shillings, US Dollar, Euro, Sterling Pounds, Canadian Dollar, South African Rand and Indian Rupee. You get all the above, plus personalised service with dedicated relationship management for all your banking needs.
*Kindly note the VISA debit card settles in KES and if attached to a foreign currency account, it may have a difference in amount transacted due to rate conversion.
Business Current Account A single business account with multiple currencies that does it all. Because simple is better. Our full service business account is simple and convenient to use with solutions to help you grow, combined with dedicated relationship personnel to help you manage your growth. You also get access to corporate credit cards, asset
trade
business loans, and overdraft facilities at
competitive rates, plus progressive insurance products to protect you and your team, at work, or on the road. Account Rates Currency
Opening Balance
Min Balance
Min Balance Interest Fee Rate
Interest Cycle
Interest Min Balance
KES
10,000.00
10,000.00
1,000.00
5.00%
Monthly
USD
500.00
500.00
10.00
1.50%
Monthly
10,000.00
EUR
500.00
500.00
8.70
1.50%
Monthly
GBP
500.00
500.00
6.25
1.50%
Monthly
Ledger Ledger Fee Fee Min
Cheque Book (Per Leaf)
Statements
Debit Card
500.00
18.00
Free Monthly
None Available
0.40
5.00
0.18
Free Monthly
None Available
10,000.00
0.35
4.35
0.16
Free Monthly
None Available
8,000.00
0.25
3.15
0.11
Free Monthly
None Available
250,00 to 500,000 = 4% 40.00 500,000 up = 5%
CAD
500.00
500.00
12.50
1.50%
Monthly
15,000.00
0.50
6.25
0.22
Free Monthly
None Available
ZAR
4,000.00
4,000.00
111.00
1.50%
Monthly
115,000.00
4.45
56.00
2.00
Free Monthly
None Available
INR
30,000.00
30,000.00
667.00
1.50%
Monthly
700,000.00
27.00
334.00
12.00
Free Monthly
None Available
*The minimum ledger fee includes 13 entries.
Account Benefits • Enjoy low opening and minimum balances to get you started and begin doing business. • Earn tired interest on your money and pay only for services that you use. Nothing more. • Make payments and manage your cash
with a cheque book.
• Get access to a Visa Corporate Credit Card for business purchases and entertainment expenses. • Check balances, borrowing and deposit rates, forex rates, transfer funds, and pay bills anytime with Online, Mobile and SMS banking. • Get SMS and Email alerts for every transaction on your bank or card accounts for added security. The account is available in Kenya Shillings, US Dollar, Euro, Sterling Pounds, Canadian Dollar, South African Rand and Indian Rupee. You get all the above, plus personalised service with dedicated relationship management for all your banking needs. Payroll & Bulk Payments Simplify payments with our bulk payments solution enabling you to make multiple payment to suppliers and staff. Get a payroll current account with low minimum balance and ledger fees for your employees (minimum 5 accounts). Business Salary Account Currency
Opening Balance
Min Balance
KES
1,000.00
1,000.00
Min Balance Interest Fee Rate 250.00
2.50%
* A minimum of 5 accounts per company is required for this product
Interest Cycle
Interest Min Balance
Ledger Fee
Ledger Fee Min
Cheque Book (Per Leaf)
Statements
Debit Card
Quarterly
100,000.00
15.00
300.00
18.00
Free Monthly
Free at Issue
SAVINGS ACCOUNTS Personal Savings Account A single savings account with multiple currencies that does it all. Because simple is better. Our full service savings account is simple and convenient to use, with exceptional customer service and a product that encourages you to prepare for the future you deserve. You also get access to debit cards, credit cards, car loans, personal loans, and overdraft facilities at competitive rates, and progressive insurance products to protect you, your family, and your team at home, at work, or on the road.
Account Rates Currency
Opening Balance
Min Balance
Min Balance Fee
Interest Rate
KES
2,500.00
2,500.00
None
USD
100.00
100.00
None
2.00%
EUR
100.00
100.00
None
GBP
100.00
100.00
CAD
100.00
ZAR INR
Interest Cycle
Interest Min Balance
Ledger Fee
2,500.00
None
Bi-Annual
100.00
2.00%
Bi-Annual
None
2.00%
100.00
None
1,000.00
1,000.00
7,500.00
7,500.00
Ledger Fee
Cheque Book (Per Leaf)
Statements
Debit Card
None
None Available
Free Bi-Annually
Free at Issue
None
None
None Available
Free Bi-Annually
Free at Issue
100.00
None
None
None Available
Free Bi-Annually
Free at Issue
Bi-Annual
100.00
None
None
None Available
Free Bi-Annually
Free at Issue
2.00%
Bi-Annual
100.00
None
None
None Available
Free Bi-Annually
Free at Issue
None
2.00%
Bi-Annual
1,000.00
None
None
None Available
Free Bi-Annually
Free at Issue
None
2.00%
Bi-Annual
7,500.00
None
None
None Available
Free Bi-Annually
Free at Issue
2,500 to 100,000 = 5% Bi-Annual 100,000 up = 6%
*Over the counter fee applies
Account Benefits •
Enjoy low opening and minimum balances to get you started and planning for your future.
•
Earn interest on your money twice a year - the more you save the more you earn.
•
Enjoy favorable interest rates all year long and pay NO ledger fees and only for services that you use. Nothing more.
•
Access your cash 24 hours a day at any Visa ATM globally, and pay for goods and services both locally and abroad using your Visa debit card
•
Check balances and rates, transfer funds, and pay bills anytime with Online, Mobile and SMS banking.
•
Get SMS and Email alerts for every transaction on your bank or card accounts for added security.
The account is available in Kenya Shillings, US Dollar, Euro, Sterling Pounds, Canadian Dollar, South African Rand and Indian Rupee. You get all the above, plus personalised service with dedicated relationship management for all your banking needs.
*Kindly note the VISA debit card settles in KES and if attached to a foreign currency account, it may have a difference in amount transacted due to rate conversion.
Diaspora Savings Account A single diaspora account with multiple currencies that does it all. Because simple is better. Our full service diaspora account is simple and convenient to use, with exceptional customer service and a product that enables you to transact from anywhere in the world, regardless of time differences, to send money home. You also get access to debit cards, credit cards, car loans, personal loans, and overdraft facilities at competitive rates, and progressive insurance products to protect you at home, at work, or on the road.
Account Rates Ledger Fee Min
Opening
Min
Min
Interest
Interest
Interest Min
Ledger
Balance
Balance
Balance Fee
Rate
Cycle
Balance
Fee
KES
2,500.00
2,500.00
None
2,500.00
None
None
USD
100.00
100.00
None
100.00
None
None
Currency
EUR
100.00
100.00
None
2,500 to 100,000 = 5% Bi-Annual 100,000 up = 6% 2.00% 2.00%
Bi-Annual Bi-Annual
100.00
None
None
Cheque Book
Statements
Debit Card
None Available
Free Bi-Annually
Free Issue
None Available None Available None Available
Free Bi-Annually
Free Issue
Free Bi-Annually
Free Issue
Free Bi-Annually
Free Issue
(Per Leaf)
GBP
100.00
100.00
None
2.00%
Bi-Annual
100.00
None
None
CAD
100.00
100.00
None
2.00%
Bi-Annual
100.00
None
None
None Available
Free Bi-Annually
Free Issue
ZAR
1,000.00
1,000.00
None
2.00%
Bi-Annual
1,000.00
None
None
None Available
Free Bi-Annually
Free Issue
INR
7,500.00
7,500.00
None
2.00%
Bi-Annual
7,500.00
None
None
None Available
Free Bi-Annually
Free Issue
Account Benefits •
Enjoy low opening and minimum balances to get you started and sending money home.
•
Earn interest on your money twice a year - the more you save the more you earn.
•
Enjoy favorable interest rates all year long and pay NO ledger fees and only for services that you use. Nothing more.
•
Access your cash 24 hours a day at any Visa ATM globally, and pay for goods and services both locally and abroad using your Visa debit card
•
Check balances and rates, transfer funds, and pay bills anytime with Online, Mobile and SMS banking.
•
Get SMS and Email alerts for every transaction on your bank or card accounts for added security.
The account is available in Kenya Shillings, US Dollar, Euro, Sterling Pounds, Canadian Dollar, South African Rand and Indian Rupee. You get all the above, plus personalised service with dedicated relationship management for all your banking needs.
*Kindly note the VISA debit card settles in KES and if attached to a foreign currency account, it may have a difference in amount transacted due to rate conversion.
Superstar Kids Savings Account A single kids savings account that does it all. Because simple is better. Our full service Superstar Kids Savings Account is simple and convenient to use, and provides you with the comfort and security of providing for your child’s future, by involving your child in the saving process, to instill the value of saving for the future. You also get access to progressive insurance products to protect you and your family at home, at work, or on the road.
Account Rates Currency
KES
Opening Balance Min Balance Min Balance Fee Interest Rate Interest Cycle
2,500.00
2,500.00
None
6.00%
Quarterly
Interest Min Balance
Ledger Fee
Ledger Fee Min
Statements
2,500.00
None
None
Free Quarterly
Account Benefits •
Enjoy low opening and minimum balances to get you started and planning for your child’s future.
•
Earn interest on your savings four times a year and enjoy favorable interest rates all year long.
•
Pay NO ledger fees and only for services that you use. Nothing more.
•
Check balances and transfer funds anytime with Online, Mobile and SMS banking.
•
Get SMS and Email alerts for every transaction on your bank account for added security.
You get all the above, plus personalised service with dedicated relationship management for all your banking needs.
Chamaa Account A single investment account that does it all. Because simple is better. Our full service Investment (Chamaa) account is simple and convenient to use, and supports the understanding that sometimes it is easier to achieve certain goals in a group than in solitude, with a seasoned
partner that
supports you along the way. You also get access to credit cards, car loans, personal loans, and overdraft facilities at competitive rates, and progressive insurance products to protect you at home, at work, or on the road.
Account Rates Currency
Opening Balance
Min Balance
Min Balance Fee
Interest Rate
Interest Cycle
Interest Min Balance
Ledger Fee
KES
5,000.00
5,000.00
None
5,000 to 50,000 = 5% 50,000 up = 6%
Bi-Annual
5,000.00
None
Ledger Fee Cheque Book Min (Per Leaf) None
18.00
Statements Free Monthly
Account Benefits Enjoy low opening and minimum balances to get you started and saving for your next investment. •
Earn interest on your money twice a year with our tiered system - the more you save the more you earn.
•
Pay NO ledger fees and only for services that you use. Nothing more.
•
Make payments and manage your investments with a cheque book.
•
Get a Visa Corporate Credit Card for group purchases and entertainment expenses.
•
Check balances, borrowing and deposit rates, forex rates, transfer funds, and pay bills anytime with Online, Mobile and SMS banking.
•
Get SMS and Email alerts for every transaction on your bank or card accounts for added security.
You get all the above, plus personalised service with dedicated relationship management for all your banking needs.
DEPOSIT ACCOUNTS Fixed Deposits A single
deposit account with multiple currencies and attractive interest rates. Because simple is better.
Our full service Fixed Deposit account is your answer to saving with great returns and keeps your money safe, secure, and growing. We provide attractive interest rates for deposit periods ranging from 1 month to 1 year, so you can save and use your funds at your convenience. You also get access to credit cards, car loans, personal loans, and overdraft facilities at competitive rates, plus progressive insurance products to protect you, your family and your team at home, at work, or on the road.
Account Rates Account Type
Period
Below Kes 1M ( $,€, £ 10,000 )
Kes 1M - 5M ( $,€, £ 10,000 - 50,000)
Above Kes 5M ($,€, £ 50,000)
Fixed Deposit
1 - 12 Months
Kindly Inquire At Your Nearest Branch
Kindly Inquire At Your Nearest Branch
Kindly Inquire At Your Nearest Branch
Account Benefits •
Enjoy favorable interest rates all year long and pay only for services that you use. Nothing more.
•
Check balances and rates, transfer funds, and pay bills anytime with Online, Mobile and SMS banking.
The account is available in Kenya Shillings, US Dollar, Euro and Sterling Pounds. You get all the above, plus personalised service with dedicated relationship management for all your banking needs.
Call Deposits A single call deposit account in multiple currencies and
payment periods. Because simple is better.
Our Call Deposit account gives you both growth and liquidity, providing you an optimum rate of return, while allowing easy and immediate access to your funds. The account has no
maturity date, meaning you can withdraw your
funds whenever you need to. You also get access to credit cards, car loans, personal loans, and overdraft facilities at competitive rates, plus progressive insurance products to protect you at home, at work, or on the road.
Account Rates Account Type
Period
Below Kes 1M ( $,€, £ 10,000 )
Kes 1M - 5M ( $,€, £ 10,000 - 50,000)
Above Kes 5M ($,€, £ 50,000)
Call Deposit
On Demand
Kindly Inquire At Your Nearest Branch
Kindly Inquire At Your Nearest Branch
Kindly Inquire At Your Nearest Branch
Account Benefits •
Enjoy favorable interest rates all year long and pay only for services that you use. Nothing more.
•
Check balances and rates, transfer funds, and pay bills anytime with Online, Mobile and SMS banking.
The account is available in Kenya Shillings, US Dollar, Euro and Sterling Pounds. You get all the above, plus personalised service with dedicated relationship management for all your banking needs.
DEBIT & CREDIT CARDS A single family of cards that does it all. Because simple is better. Our full service debit and credit card products are simple and convenient to use, with exceptional customer service and innovative value additions to help you spend and save more. We offer you a range of debit, personal and business credit cards, whether you are an individual looking to track monthly expenses or a business looking to streamline payments. You also get access to current, savings, and deposit accounts, car loans, personal loans, and overdraft facilities at competitive rates, plus progressive insurance products to protect you, your family, and your team at home, at work, or on the road.
Account Rates Product
Currency
Limits
Joining Fee
Annual Fee (Principal)
Annual Fee (Supplementary)
Interest Rate
Late Payment Fee
Debit
Multi Currency
Account Balance
Free
None
None
NA
NA
Classic
KES
Kes 20,000 - Kes 75,000
Free
Kes 2,000
Kes 1,000
3%
7%
8% of amount
Free
Gold
KES
Kes 75,000 - Kes 2,500,000
Free
Kes 4,000
Kes 2,000
3%
7%
8% of amount
Free
Platinum
USD
US$ 5,000 - US$25,000
Free
US$85
US$42.50
3%
7%
8% of amount
Free
ATM Fee
Point Of Sale Fee
Fidelity ATM - Kes 25 VISA Local ATM - Kes 50 VISA Abroad ATM - Kes 250
Free
Debit Card Benefits •
Pay for goods and services, both locally and abroad, using your VISA card at over 25 million in store establishments and online retailers.
•
Make payments and manage your money with free easy to read e-statements every month to help manage your
•
Check balances and rates, transfer funds, and pay your bills anytime with Online, Mobile and SMS banking.
•
Get SMS and Email alerts for every transaction on your card account for added security.
Credit Card Benefits •
You get the above debit card
•
Access up to 50% of your limit in cash 24 hours a day at over 1 million VISA ATM’s in and outside Kenya.
•
Get up to 45 days free credit on all your purchases.
•
Get a revolving credit facility. Pay a minimum amount, which is 20% of your total bill, and carry forward the balance to a better
•
plus:
month.
Share all of these convenient facilities with your family members or business associates with the facility of a supplementary card.
You get all the above, plus personalised service with dedicated relationship management for all your banking needs.
VISA ATM Finder Mobile App A mobile app that enables you to locate the nearest VISA ATM to you any time of day or night, because simple is better. Service Rates Service Type
Download
Usage
ATM Finder App
Free
Free
App Benefits •
Locate the nearest VISA ATM at the touch of a button.
•
Automatically route your journey, or select a different route.
•
Select from a list of all VISA member banks.
•
Save your favorite locations for frequent use.
•
Share the ATM location information by Email, Twitter or Facebook.
ONLINE & MOBILE BANKING Online & Mobile Banking A single service with multi platform access any time day or night that does it all, because simple is better. Our full service online and mobile banking service is simple and convenient to use, with a wide array of features and services right at your You also get access to debit cards, credit cards, car loans, personal loans, and overdraft facilities at competitive rates, plus progressive insurance products to protect you, your family, and your team at home, at work, or on the road. Account Rates Account Type
Personal Accounts
Business Accounts
Currency
Registration
Online & Mobile (Per Month)
KES
Free
250.00
USD
Free
2.50
EUR
Free
2.20
GBP
Free
1.60
CAD
Free
3.10
ZAR
Free
28.00
INR
Free
167.00
KES
Free
500.00
USD
Free
5.00
EUR
Free
4.35
GBP
Free
3.15
CAD
Free
6.25
ZAR
Free
56.00
INR
Free
334.00
Service Features •
Account activity, details and statement.
•
Fund transfers - Internal, local, domestic, or international.
•
maintenance.
•
Deposit activity and details.
•
Loan rates, activity, details, schedule, repayment, inquiry, and settlement.
•
Cheque status inquiry.
•
Loan interest Rates and Exchange Rate Inquiry.
•
Deposit, Savings, Loan and Foreign Exchange calculator.
•
ATM and Branch Locators.
You get all the above, plus personalised service with dedicated relationship management for all your banking needs.
SMS & Email Alerts An alert service that communicates to you each time you transact on any of your card or account products, any time day or night. Because simple is better.
Account Rates Account Type
Personal Accounts
Business Accounts
Currency
Registration
SMS & Email Alerts (Per Month)
KES
Free
250.00
USD
Free
2.50
EUR
Free
2.20
GBP
Free
1.60
CAD
Free
3.10
ZAR
Free
28.00
INR
Free
167.00
KES
Free
500.00
USD
Free
5.00
EUR
Free
4.35
STG
Free
3.15
CAD
Free
6.25
ZAR
Free
56.00
INR
Free
334.00
Service Features •
Get SMS and Email alerts for every transaction on your bank or card accounts for added security.
•
The alerts will come to you 24 hours a day, regardless of the currency and or transaction.
•
Attach the service to all your card and account products, or simply select the products you prefer to have the service on.
You get all the above, plus personalised service with dedicated relationship management for all your banking needs.
CREDIT FACILITIES Loan Facility A single loan account that does it all. Because simple is better. Our full service Loan facility provides relevant solutions based on your industry, and
business or personal
needs, coupled with expert guidance, the most competitive interest rates, and processes that are easy and ensure quick turnaround times. You also get access to current, savings, and deposit accounts, credit cards, plus progressive insurance products to protect you at home, at work, or on the road.
Account Rates Facility
Min Amount
Maximum
Type(s)
Type
Financed
Term
Of Security
Kes 500,000
60 Months
$,€,£ 5,000
60 Months
Processing
Annual
Processing
Fee
Commitment Fee
Time**
9.13%
1%
1%
3 Days
11.50%
1%
1%
3 Days
KBRR
K Factor*
Property, Assets, Cash
9.87%
Property, Assets, Cash
NA
Loans
* The KBRR and K Factor rates are subject to changes in market conditions and shall be quoted at the time of application. ** The processing time is subject to all documentation being in order prior to evaluation of an application.
Account Benefits •
Pay only for the funds that you draw down. Nothing more.
•
Tailor the facility for short or medium term to realise your plans for
events, transactions, or development
projects. •
Make payments and manage your money with a cheque book.
•
Check balances and rates, transfer funds, and pay your installments anytime with Online, Mobile and SMS banking.
•
Get SMS and Email alerts for every transaction on your bank or card accounts for added security.
The account is available in Kenya Shillings, US Dollar, Euro and Sterling Pounds. You get all the above, plus personalised service with dedicated relationship management for all your banking needs.
Overdraft Facility A single overdraft account that does it all. Because simple is better. Our full service Overdraft facility provides relevant solutions based on your industry, and
business or personal
needs. Coupled with expert guidance, the most competitive interest rates, and processes that are easy, this facility will ensure quick turnaround times. You also get access to current, savings, and deposit accounts, credit cards, plus progressive insurance products to protect you, your family, and your team at home, at work, or on the road.
Account Rates Facility Type
Min Amount Financed
Maximum Term
Type(s) Of Security
KBRR
K Factor*
Processing Fee
Annual Commitment Fee
Processing Time**
Kes 500,000
12 Months
Property, Assets, Cash
9.87%
9.13%
1%
1%
3 Days
$,€,£ 5,000
12 Months
Property, Assets, Cash
NA
11.50%
1%
1%
3 Days
Overdrafts * The KBRR and K Factor rates are subject to changes in market conditions and shall be quoted at the time of application. ** The processing time is subject to all documentation being in order prior to evaluation of an application.
Account Benefits •
Pay only for the funds that you use. Nothing more.
•
Tailor the term to when you require working capital.
•
Make payments and manage your money with a cheque book.
•
Check balances and rates, transfer funds, and pay your installments anytime with Online, Mobile and SMS banking.
•
Get SMS and Email alerts for every transaction on your bank or card accounts for added security.
•
Receive free e-statements every month to help manage your
•
The account is available in Kenya Shillings, US Dollar, Euro and Sterling Pounds.
You get all the above, plus personalised service with dedicated relationship management for all your banking needs.
Asset Finance Facility A single asset
account that does it all. Because simple is better.
Our full service Asset
facility provides relevant solutions based on your industry,
business or
personal needs. Coupled with expert guidance, the most competitive interest rates, and processes that are easy, this facility will ensure quick turnaround times. You also get access to current, savings, and deposit accounts, credit cards , plus progressive insurance products to protect you, your family, and your team at home, at work, or on the road.
Account Rates Facility Type
Min Amount Financed
Kes 500,000 Asset Finance $,€,£ 5,000
Maximum Term
Type(s) Of Security
Deposit + Asset Under Finance Deposit + Asset Under 48 Months Finance 48 Months
KBRR
K Factor*
Processing Fee
Annual Commitment Fee
Processing Time**
9.87%
9.13%
None
0.5% Per Annum (Upfront)
2 Days
NA
11.50%
None
0.5% Per Annum (Upfront)
2 Days
* The KBRR and K Factor rates are subject to changes in market conditions and shall be quoted at the time of application. ** The processing time is subject to all documentation being in order prior to evaluation of an application.
Account Benefits •
Repay in low monthly installments and get full use of your required asset.
•
Customised to purchase new or used automobiles, machinery, or equipment to help you increase your production base - without affecting your cash
•
Short processing times and minimal document requirements ensure quick payment
•
Tailored with easy tenor terms extending up to 48 months.
•
Check balances and rates, transfer funds, and pay your installments anytime with Online, Mobile and SMS banking.
•
Get SMS and Email alerts for every transaction on your bank or card accounts for added security.
The account is available in Kenya Shillings, US Dollar, Euro and Sterling Pounds. You get all the above, plus personalised service with dedicated relationship management for all your banking needs.
Insurance Premium Finance A single insurance premium
account that does it all. Because simple is better.
Our full service Insurance Premium your
facility provides you with the opportunity to get and stay protected for
business or personal needs, coupled with expert guidance, the most competitive interest rates, and
processes that are easy and ensure quick turnaround times. You also get access to current, savings, and deposit accounts, credit cards , plus progressive insurance products to protect you, your family, and your team at home, at work, or on the road.
Account Rates Facility Type
Insurance Premium Finance
Min Amount Financed
Kes 100,000
Term Options
Type(s) Of Security
Interest Rate
Minnimum Charge
Processing Fee
4-10 Months
Insurance Guarantee
7.5% over 4 months 8% over 6 months 8.5% over 8 months 9% over 10 months
Kes 5,000
None
Annual Processing Commitment Fee Time**
Not Applicable
2 Days
* The Interest rate is subject to changes in market conditions and shall be quoted at the time of application. ** The processing time is subject to all documentation being in order prior to evaluation of an application.
Account Benefits •
Repay in low monthly installments and have the comfort of Insurance protection.
•
Customised to cover the insurance premium for purchase of new or used automobiles, machinery, or equipment - without affecting your cash
•
Short processing times and minimal document requirements ensure quick coverage.
•
Tailored with easy tenor terms from 4 to 10 months.
•
Check balances and rates, transfer funds, and pay your installments anytime with Online, Mobile and SMS banking.
•
Get SMS and Email alerts for every transaction on your bank or card accounts for added security.
You get all the above, plus personalised service with dedicated relationship management for all your banking needs.
Trade Finance A single trade
account that does it all. Because simple is better.
Our full service Trade
facility provides secure payment solutions based on your industry,
business,
or personal needs. These coupled with expert guidance, the most competitive interest rates, and processes that are easy and ensure quick turnaround times. You also get access to current, savings, and deposit accounts, credit cards, plus progressive insurance products to protect you, your family, and your team at home, at work, or on the road.
Account Rates Facility Type
Min Amount Financed
Max Term
Type(s) Of Security
Opening Charges
Confirmation Charges
Acceptance Charges
Trade Finance (Letter Of Credit)
Kes 500,000 or $,€,£ 5,000
180 Days
Equivalent Cash Cover, Debenture, Property, Assets
0.75% Per Quarter (Min Kes 2,500)
Actual (Based On Receiving Bank Rate)
0.75% Per Quarter (Min Kes 2,500)
Settlement Charges
Total Charges
Processing Time**
0.75% 1.5% - Sight LC Per Quarter 2.25% - Usance LC (Min Kes 2,500)
2 Days
* The Interest rate is subject to changes in market conditions and shall be quoted at the time of application. ** The processing time is subject to all documentation being in order prior to evaluation of an application.
Account Benefits •
Available for Sight LCs where the payment is due to the supplier on receipt of the documents.
•
Available for Usance LCs where the payment is due on maturity of the negotiated term with the supplier.
•
Tailored to make the Import and Export process simple and convenient with our correspondent partnerships both locally and abroad.
•
Short transaction turn around times for Import and Export Letters of Credit, as well as Inward and Outward document collection.
•
Check balances and rates, transfer funds, and pay your installment anytime with Online, Mobile and SMS banking.
•
Get SMS and Email alerts for every transaction on your bank or card accounts for added security.
Import and Export Collections We also handle import and export documents on behalf of our clients to ensure prompt payment. Account Rates Product Import & Export Collections
Commission 0.025% min Kes 5,000 + Courier Charges
The account is available in US Dollar, Euro and Sterling Pounds. You get all the above, plus personalised service with dedicated relationship management for all your banking needs.
Invoice Finance (Bill Discounting) A single invoice
account that does it all. Because simple is better.
Our full service Invoice
facility provides payment solutions based on your industry, and
business
needs. These coupled with expert guidance, the most competitive interest rates, and processes that are easy and ensure quick turnaround times. You also get access to current, savings, and deposit accounts, credit cards, plus progressive insurance products to protect you, your family, and your team at home, at work, or on the road.
Account Rates Facility Type
Min Amount Financed
Max Term
Type(s) Of Security
KBRR
K Factor*
Processing Fee
Annual Commitment Fee
Processing Time**
Invoice Finance (Bill Discounting)
Kes 500,000
90 Days
Bills To Be Discounted
9.87%
9.13%
1% per quarter
Not Applicable
3 Days
* The KBRR and K Factor rates are subject to changes in market conditions and shall be quoted at the time of application. ** The processing time is subject to all documentation being in order prior to evaluation of an application.
Account Benefits •
Customised to provide you with easy discounting on invoices that have extended maturity dates, to ease the cash constraints of your organisation.
•
Short processing times and minimal document requirements ensure quick advance.
•
Tailored with easy tenor terms extending up to 48 months.
•
Check balances and rates, transfer funds, and pay your installments anytime with Online, Mobile and SMS banking.
•
Get SMS and Email alerts for every transaction on your bank or card accounts for added security.
The account is available in Kenya Shillings, US Dollar, Euro and Sterling Pounds. You get all the above, plus personalised service with dedicated relationship management for all your banking needs.
Bank Guarantees & Performance Bonds A single set of guarantees and performance bonds that do it all. Because simple is better. Our Bank guarantees ensure that you are covered for all kinds of situations, all created to enable you to stand by your commitment, knowing that we are behind you. You also get access to current, savings, and deposit accounts, credit cards, plus progressive insurance products to protect you, your family, and your team at home, at work, or on the road.
Account Rates Product Type
Commission
Bank Guarantee
2% min Kes 2,000
Performance Bond
2% min Kes 2,000
You get all the above, plus personalised service with dedicated relationship management for all your banking needs
TREASURY PRODUCTS Foreign Exchange Trading A single treasury team that does it all. Because simple is better. With the intricacies of foreign exchange, our full service Treasury team handle a wide range of global currencies, and our services are an excellent medium to manage your exposure on foreign currencies and interest rates, and effectively hedge against currency This access to expert advice considerably reduces your risk, and provides a healthy foreign exchange position for your organisation, making transactions convenient and simple. You also get access to current, savings, and deposit accounts, credit cards, plus progressive insurance products to protect you, your family, and your team at home, at work, or on the road.
Account Rates Product Type
Commission
Spot Transactions
No Commission
Forward Transactions
No Commission
Swaps
No Commission
Spot Transactions •
Exchange one currency for another at the current exchange rate.
•
Ideal for one-off transfers or for regular trading.
Forward Transactions •
Enables you to buy or sell an asset at a
price on a future date.
•
Eliminates any risk of exchange rates changing between the period of commitment and the dates of actual delivery of funds.
Swaps •
Allows you to manage the exchange and interest rate risks associated with
and investing in currencies
other than the Kenyan Shilling. •
You get all the above, plus personalised service with dedicated relationship management for all your banking needs.
Money Market Products A single money market team that does it all. Because simple is better. With the intricacies of the money markets, our full service Securities team handle a wide range of products, and our services are an excellent medium to manage your treasury bills and treasury bonds, to effectively hedge against interest
This access to expert advice will considerably reduce your risk, and provide a healthy market
position for your organisation, making transacting convenient and simple. You also get access to current, savings, and deposit accounts, credit cards, plus progressive insurance products to protect you, your family, and your team at home, at work, or on the road.
Account Rates Product Type
Commission
Treasury Bill*
0.5% min Kes 2,500
Treasury Bond*
0.0035% min Kes 500
* The product also attracts an annual custodial fee of Kes 20,000 for an active account.
Treasury Bill and Bond Investments We provide timely information on market developments and announcements, and ensure that you are always kept abreast of the market scene. We also assist with submitting applications for these securities at auctions announced, as well as buy and sell in the secondary market on your behalf. You get all the above, plus personalised service with dedicated relationship management for all your banking needs.
Domestic & Foreign Funds Transfers A single set of transfer services that do it all. Because simple is better. Whether the need is for a domestic or an international transfer, we have the instruments to offer you the most cost effective means of global funds transfers. You also get access to current, savings, and deposit accounts, credit cards, plus progressive insurance products to protect you, your family, and your team at home, at work, or on the road.
Account Rates Product Type Telegraphic Transfers (TT) & S.W.I.F.T Real Time Gross Settlement (RTGS) Electronic Funds Transfer (EFT) Foreign Currency Draft MPESA
Transaction Charge Kes 1500 Kes 500 Kes 100 Inward & Kes 500 Outward Kes 750 Kes 66 Bank To Customer, Kes 11 Customer to Bank
Telegraphic Transfers & S.W.I.F.T. Transfers An online safe and secure transfer of funds globally.
RTGS An instant safe and secure transfer of your funds locally.
EFT A safe and secure transfer of your money via a clearing-house.
Foreign Drafts A quick and safe means of foreign currency payments. Available in all major currencies at any of our branches.
Western Union An easy and convenient means of funds transfer to any global recipient.
X-Press Money An affordable and convenient method of sending or receiving money across the globe.
MPESA A convenient mobile money payment service accessible day or night. Transfer funds to and from your MPESA and Bank account right from your mobile handset. You get all the above, plus personalised service with dedicated relationship management for all your banking needs.
Region
East Africa Rates
Principal Amount (Kes)
Charges
0.00 - 6,000.00
60.00
6,000.01 - 8,000.00
100.00
8,000.01 - 16,000.00
200.00
16,000.01 - 31,000.00
400.00
31,000.01 - 50,000.00
600.00
50,000.01 - 125,000.00
625.00
125,000.01 - 175,000.00
650.00
175,000.01 - 250,000.00
700.00
250,000.01 - 350,000.00
750.00
350,000.01 - 450,000.00
800.00
0.00 - 10,000.00
375.00
10,000.01 - 15,000.00
500.00
15,000.01 - 20,000.00
525.00
20,000.01 - 25,000.00
550.00
25,000.01 - 30,000.00
575.00
30,000.01 - 50,000.00
600.00
50,000.01 - 125,000.00
625.00
125,000.01 - 175,000.00
650.00
175,000.01 - 250,000.00
700.00
250,000.01 - 350,000.00
750.00
350,000.01 - 450,000.00
850.00
Xpress Money
International Rates
Western Union
International Rates
0.00 - 8,000.00
400.00
8,000.01 - 16,000.00
800.00
16,000.01 - 24,000.00
1,000.00
24,000.01 - 32,000.00
1,600.00
32,000.01 - 48,000.00
2,000.00
48,000.01 - 64,000.00
2,400.00
64,000.01 - 80,000.00
3,200.00
80,000.01 - 96,000.00
4,000.00
96,000.01 - 160,000.00
5,600.00
160,000.01 - 200,000.00
7,200.00
200,000.01 - 400,000.01
11,200.00
400,000.01 - 600,000.00
16,000.00
600,000.01 - 800,000.00
20,000.00
800,000.01 +
2.00%
TARIFF GUIDE Tariff Type
Rate (KES)
Rate (USD)
Rate (EUR)
Rate (GBP)
Rate (CAD)
Rate (ZAR)
Rate (INR)
Free
Free
Free
Free
Free
Free
Free
Statements Monthly (Post) Monthly (Email)
Free
Free
Free
Free
Free
Free
Free
Additional or Interim (Email)
25.00
0.25
0.20
0.15
0.30
2.80
17.00
Additional or Interim (Printed)
150.00
1.50
1.50
0.90
1.80
16.80
102.00
500.00
5.00
4.35
3.15
6.25
56.00
334.00
ATM Card ATM Card Issuance (Replacement)
Transfers & Drafts EFT - Inward
100.00
1.00
0.90
0.65
1.25
11.00
67.00
EFT - Outward
500.00
5.00
4.35
3.15
6.25
56.00
334.00
Free
Free
Free
Free
Free
Free
Free
RTGS - Outward
RTGS - Inward
500.00
5.00
4.35
3.15
6.25
56.00
334.00
Bank Draft Charges
750.00
7.50
6.50
4.70
9.40
83.00
500.00
Free
Free
Free
Free
Free
Free
Free
1,500.00
15.00
13.00
9.40
18.75
167.00
1,000.00
TT - Inward TT - Outward (Amendment)
Cheques Third Party Cheque Bankers Cheque (Non-Customer)
Free
Free
Free
Free
Free
Free
Free
1,000.00
10.00
8.70
6.25
12.50
111.00
667.00
Bankers Cheque (Customer)
500.00
5.00
4.35
3.15
6.25
56.00
334.00
Counter Cheque
400.00
4.00
3.50
2.50
5.00
45.00
267.00
Over the Counter Withdrawals Unpaid Cheque (Refer To Drawer) Unpaid Cheque (Technical Reason) Unpaid Cheque
Funds)
Inward Unpaid Cheques
50.00
0.50
0.45
0.30
0.60
5.60
33.00
2,000.00
20.00
17.40
12.50
25.00
222.00
1,334.00
500.00
5.00
4.35
3.15
6.25
56.00
334.00
2,000.00
20.00
17.40
12.50
25.00
222.00
1,334.00
500.00
5.00
4.35
3.15
6.25
56.00
334.00
Stop Payment (KES)
1,000.00
10.00
8.70
6.25
12.50
111.00
667.00
Stop Payment (FC Draft)
3,500.00
35.00
30.50
22.00
44.00
390.00
2,334.00
FC Cheque Dishonoured
3,000.00
30.00
26.00
18.75
37.50
333.00
2,000.00
Above (GBP)
Above (CAD)
Above (ZAR)
Cash Handling Bulk Cash Handling - Deposit or Withdrawal 0.25% of Amount
Above (KES) 1,000,000.00
Above (USD)
Above (EUR)
5,000.00
5,000.00
5,000.00
N/A
N/A
Above (INR) N/A
Standing Instruction Internal
Free
Free
Free
Free
Free
Free
Free
Set Up
500.00
5.00
4.35
3.15
6.25
56.00
334.00
External (Local)
500.00
5.00
4.35
3.15
6.25
56.00
334.00
Stop Fee
500.00
5.00
4.35
3.15
6.25
56.00
334.00
Return of PD Cheques
500.00
5.00
4.35
3.15
6.25
56.00
334.00
Insufficient Funds
1,500.00
15.00
13.00
9.40
18.75
167.00
1,000.00
Safety Deposit Locker Key Deposit (Refundable)
10,000.00
100.00
100.00
100.00
100.00
1,000.00
7,000.00
Small Locker Deposit
50,000.00
500.00
500.00
500.00
500.00
6,000.00
35,000.00
Medium Locker Deposit Large Locker Deposit
75,000.00
750.00
750.00
750.00
750.00
10,000.00
50,000.00
100,000.00
1,000.00
1,000.00
1,000.00
1,000.00
15,000.00
75,000.00
Other Salary Processing (Manual) of Balance Bank Opinion/ Audit
100.00
1.00
0.90
0.65
1.25
11.00
67.00
600.00
6.00
5.20
3.75
7.50
67.00
400.00
2,000.00
20.00
17.40
12.50
25.00
222.00
1,334.00
Administrative Fees Photocopy Charges
100.00
1.00
0.90
0.65
1.25
11.00
67.00
Postage (Local)
200.00
2.00
1.75
1.25
2.50
22.00
133.00
2,000.00
20.00
17.40
12.50
25.00
222.00
1,334.00
200.00
2.00
1.75
1.25
2.50
22.00
133.00
1,000.00
10.00
8.70
6.25
12.50
111.00
667.00
Postage (Overseas) Fax Local Fax International Courier Charges (min)
2,500.00
25.00
21.75
15.60
31.25
278.00
1,667.00
500.00 plus photocopy charges
5 plus photocopy charges
4.35 plus photocopy charges
3.15 plus photocopy charges
6.25 plus photocopy charges
56 plus photocopy charges
334 plus photocopy charges
2,000.00 plus photocopy charges
20 plus photocopy charges
17.4 plus photocopy charges
12.5 plus photocopy charges
25 plus photocopy charges
222 plus photocopy charges
1334 plus photocopy charges
Dormant Accounts (Annual Fee)
2,400.00
24.00
20.90
15.00
30.00
267.00
1,600.00
Closure of Account
1,000.00
10.00
8.70
6.25
12.50
111.00
667.00
Closing Dormant Accounts
1,000.00
10.00
8.70
6.25
12.50
111.00
667.00
150.00
1.50
1.50
0.90
1.80
16.80
102.00
Retrieval of documents - 1 year
Retrieval of documents - Over 1 year
Account Closure/Dormant
Statement - Closed Account (Print/Email)
*All charges are exclusive of 10% Excise Duty
2015 Product Profile
FIDELITY COMMERCIAL BANK LIMITED
