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Tariff Guide

UK Shillings Tariff Guide

ATM

Service

Current (KES)

Excise Duty* (KES)

Total (KES)

ATM Withdrawal Co-op Bank ATM

30

6

36

ATM Withdrawal Non-Co-op Bank Visa branded ATM

200

40

240

ATP POS Cash Withdrawal

0

0

0

SACCO Link Card-Application/Renewal/Replacement

550

110

660

Service

Current (KES)

Excise Duty* (KES)

Total (KES)

Official letters for financial institutions

1,000

200

1,200

Official letters for other use/ Letter of reference

200

40

240

Official Statement (per page)

100

20

120

Copies of Documents in Union Crest Bank custody

100 per page

20

120

Service

Current (KES)

Excise Duty* (KES)

Total (KES)

Cash Withdrawal: Amounts up to Kshs 500,000

100

20

120

Amount Kshs 501,000 to 1,000,000

500

100

600

Amounts above Kshs 1,000,000

0.1% of amount

20%

Bankers Cheques

200

40

240

Returned Bankers Cheque Expired/Stopped

1,200

200

1,200

Dishonored Cheques

4,000

800

4,800

Service

Current (KES)

Excise Duty* (KES)

Total (KES)

Bank Transfers: Up to KES 999,999

500

100

600

KES 1,000,000 and above

1,000

200

1,200

Internal FOSA transders

50

10

60

Service

Current (KES)

Excise Duty* (KES)

Total (KES)

Junior Account withdrawals above the maximum times

500

100

600

Membership fees

2,000

400

2,400

Rejoining fees

3,000

600

3,600

Account Closure

2,000

400

2,400

Share Capital Transfer

1,000

200

1,200

Minimum FOSA account balance

2,000

0

2,000

Withdrawal (Immediate) – Within 48 hours

1.05%

20*

Benevolent fund (Monthly)

300

300

Deposits

Minimum Contributions

Minimum 2,300 UK Shillings

Share Capital

Minimum 50,000 UK Shillings

FOSA Account

Minimum interest earning (active accounts)

50,000 UKn Shillings

Minimum Interest earning period

1 Month

Minimum Junior Savings balance

2,000 UK shillings

Maximum daily cash withdrawal without notice (48 hours)

1,000,000 UK shillings

Service

Current (KES)

Excise Duty* (KES)

Total (KES)

Safe custody fees per annum

1,000

200

1,200

Safe custody retrieval fees

100

20

120

Service

Current (KES)

Excise Duty* (KES)

Total (KES)

Bridging fee – Loan outstanding balance amount above 5Million UK shillings

2%

20%*

Bridging fee – Loan outstanding balance amounts between 1-5 Million UK shilling

2.5%*

20%*

Bridging fee – Loan outstanding balance amounts below 1 million UK shillings

3%

20%*

Loan Processing Fee

500

100

600

Loan Insurance

0.5% of loan amount

Quick Cash Loan Processing Fee

200

200

Loans

Minimum membership period

Regular deposits contributions for 6 months for Quick Cash Loan product and 3 months for all the other Loan Products

Loan terms

As per each product

Minimum interest charge period

1 month

Service

Current (KES)

Excise Duty* (KES)

Total (KES)

QC Withdrawals: Below Kshs 70,000

55

11

66

QC Withdrawals: Kshs 70,001-100,000

64

12

76

Balance Inquiry (QC)

8

2

10

Paybill Transfers

Min. Amount (KES)

Max. Amount (KES)

Charge (KES)

1

49.0

5

50

100

8

101

500

13

501

1,000

20

1,001

1,500

25

1,501

2,500

32

2,501

3,500

37

3,501

5,000

46

5,001

7,500

105

7,501

10,000

115

10,001

15,000

130

15,001

30,000

163

30,001

35,000

181

35,001

300,000

198

*Maximum transaction per day is KES 300,000.

Min. Amount (KES)

Max. Amount (KES)

Charge (KES)

1

49

7

50

100

10

101

500

15

501

1,000

25

1,001

1,500

30

1,501

2,500

40

2,501

3,500

45

3,501

5,000

54

5,001

7,500

148

7,501

10,000

154

10,001

15,000

163

15,001

20,000

168

20,001

25,000

174

25,001

30,000

179

30,001

35,000

190

35,001

40,000

206

40,001

45,000

210

45,001

250,000

215

*Minimum amount KES 100
*Maximum amount per transfer is KES 250,000, subject to maximum daily amount KES 500,000

Min. Amount (KES)

Max. Amount (KES)

Charge (KES)

1

49

50

100

101

500

501

1,000

1,001

1,500

1,501

2,500

2,501

3,500

3,501

5,000

5,001

7,500

7,501

10,000

10,001

15,000

15,001

20,000

20,001

25,000

25,001

30,000

30,001

35,000

35,001

40,000

40,001

45,000

45,001

300,000

*Maximum transaction per day is KES 300,000

Notes

  • Cash withdrawal across the counter shall have a maximum limit of USD. 1,000,000. Amounts above this shall be exceptionally approved subject to sufficient prior notice by member and cash availability.
  • Withdrawals on mobile banking (QC) shall be a maximum of KES 100,000 per transaction and up to KES 300,000 per day.
  • Fixed deposit interest rates vary with the market.
  • New and specific item tariffs can be varied depending on the business needs.
  • Accounts shall automatically become dormant after 6 months of no activity. Activation fees will apply.
    Interest on saving accounts is suspended once an account falls dormant and reinstated when active.
  • The Sacco reserves the right to transfer earnings on all accounts in dormant/withdrawn status to share capital.
  • The Sacco retains the right to vary the tariff from time to time depending on business needs.
  • Terms and conditions apply.

Dollar Tariff guide

Service

Amount (USD)

Membership Registration

20

Rejoining Fe

30

Account Closure

20

Immediate membership withdrawal penalty

1.05% of deposits

Electronic Funds Transfer below USD 7500

5

Electronic Funds Transfer above USD 7500

10

Inter-account transfer from KES to USD and from USD to USD.

Conversion rate as offered by main SACCO bankers

Internal FOSA transfers

1

Certified Statement

1

Reference Letter (Financial)

10

Reference Letter (Non-Financial)

2

Cash withdrawal. Amounts up to USD 5,000

1

Cash withdrawal amounts between USD 5,001- 10,000

5

Cash withdrawal amounts above USD 10,000

0.1% of the amount

Bankers’ Cheques

2

Returned Bankers Cheque

10

Dishonored Banker’s Cheques

40

Safe Custody Fees Per Annum

10

Safe Custody Retrieval Fees

1

Junior account withdrawals above required maximum times

5

Share Capital Transfer

10

Minimum FOSA Balance

20

Monthly Benevolent Fund

3

Notes:

ATM Card services will not be available for USD accounts

Maximum daily cash withdrawal is USD 10,000