Tariffs
Bank of Abyssinia Banking Services Charges
No. | Deposit & cash withdrawal related | Service charge(ETB) |
1 | Cash & check Deposit related account services | Free |
1.1 | Cash withdrawal at branch | |
Up to Birr 1000 | ||
Birr 1001-Birr 10,000 | ||
Above Birr 10,001 – 100,000 |
No | Service Type | Service Charge (ETB) |
1 | All Local Money Transfer | |
1.1 | From account | Up to Br.3000 – Br .3 |
Br.(3,001-100,000)- Br. 1.25/Thousand | ||
More than Birr 100,000 – Br. 1/ Thousand | ||
1.2 | From non-account holders(cash) | Up to Birr 3000 – Br. 5 Br.(3,001-100,000)- Br. 1.5/ Thousand More than Birr 100,001- Br.2/ Thousand |
No. | Service type | Service charge(ETB) |
1 | Amendment on customer request | |
1.1 | Service charge | Br.20 flat |
Telephone/fax | Br.10 flat | |
2 | Cancelation of LMTS | |
2.1 | Service charge (on voiding LMTS) | Br.20 flat |
3 | Staff transfer | |
3.1 | All Local Money Transfer Service(LMTS) |
|
Service charge | Br.10 flat | |
4 | Request of retransfer of LMTS by customer/remitter(to be collected by remitting branch) | |
4.1 | Service charge | Br.10 flat |
4.2 | Telephone (for manual transfer) | Br.20 flat |
5 | Request of retransfer of MT by customer/remitter (to be collected by remitting branch) | |
Service charge | Br. 20 | |
Postage | Br. 20 |
| 1 | Account to Account Transfer | Service charge(price) |
| 1.1 | Birr 1-10,000 | Free |
| 1.2 | Birr 10001-100,000 | |
| 1.3 | Above Birr 100,001 | |
| 2 | Bulk Transfer (Salary Payment) | |
| 2.1 | Employer with an average monthly deposit balance of Birr < 100 million | Free |
| 2.2 | Employer with an average monthly deposit balance of Birr > 100 million | Free |
| 3 | Bank to Bank Transfer (EATS) | |
| 3.1 | Outgoing real time growth settlement (RTGS) transactions(outgoing MT 103) | Birr 50 plus NBE charge Birr 50 per cheque for customers With an FCY source |
| 3.2 | Outgoing AA cheque clearing fee (cheque & CPO) | Birr 50 plus NBE charge per cheque and CPO; Birr 50 per check for customers With an FCY source |
| 3.3 | Outgoing low value payment credit transfer bulk credit payment | Birr 10 plus NBE charge per transaction |
| 3.4 | Bank to bank transfer(MT202)both incoming and outgoing transactions | Birr 50 per transaction (NBE charge only) |
| 3.5 | Incoming real time gross settlement (RTGS) transactions (incoming MT103) | Free |
| 3.6 | Incoming low value payment (Cheque & CPO and credit transfer) or bulk payment |
| 1 | Bankers Cheque (CPO) | Service charge |
| Up on issuance | ||
| Commission | ||
| 1.1 | From account | Br 50 flat |
| 1.2 | From non-account holders (cash) | Up to Birr 100,000 – Br. 300 Flat Birr 100,001 – 500,000 – Br. 400 Flat Birr 500,001- 1mill – Br.500 Flat Above Birr 1mill – Br.1.25/mill |
| 1.3 | Up on Replacement of Bankers Cheque | |
| Service charge | Br. 200 for account holders Br. 400 for non-account holders | |
| 1.4 | Up on Bankers Cheque Cancellation/Voiding/ | |
| Service charge (for voiding) | Birr 200 flat for account holders Birr 300 flat for non-account holders | |
| 1.5 | Refunding Lost Banker Cheque | |
| Service charge | Birr 200 for account holders Birr 400 for non-account holders | |
| 1.6 | Cost of Cheque Books/Old | |
| 25 leaves | Br.75 | |
| 50 leaves | Br.200 | |
| 100 leaves | Br.300 | |
| 1.7 | In Sufficient Fund | |
| First time | As per NBE directive | |
| Second time | ||
| Third time |
| 1 | Deposit account | Service charge |
| Pass book issuance up on opening | Free | |
| Fully utilized pass book replacement | ||
| Lost/damaged pass book replacement | Birr 100 per Pass Book | |
| Closure of S/A within 6 months from date of opening |
| 1 | Accounts | Service Charge |
| 1.1 | Closing account after six months of opening | Free |
| 1.2 | Saving and Checking Account Freeze (court case) in favour of plaintiff (beneficiary) | |
| Service charge | Birr 100 per beneficiary | |
| 1.3 | Inactive/dormant A/C service charge for | |
| S/A balance below Birr 100 for 1 year | Free | |
| C/A balance below Birr 1000 for six months | ||
| 1.4 | Standing Instructions (S/A,C/A,TD,FCY,OD etc.) | |
| Service charge | Free | |
| 1.5 | Stop Payment Order | |
| Service charge (single cheque issued) | Birr 300 per cheque | |
| Service charge ( for range of cheques or pad un-issued) | Flat Birr 300 and plus 10 per leaf | |
| 1.6 | Sundries Services | |
| Provident fund handling | free | |
| Authentication fee at documents authentication and registration office and courts | Online …. Birr 50 in person….Birr 200 plus third party charge per case | |
| Customer door to door service to open account | Free | |
| Customer door to door service to pay and collect cash ( within the same town) | ||
| 1.7 | Balance confirmation to external auditors | |
| (S/A,C/A,TD,FCY,O/D, loan accounts etc. | 200 | |
| 1.8 | Duplicate advice & other documents( typed or photo stat) (S/A,C/A,TD,FCY,O/D, loan accounts etc) | |
| Current month | 25 per page + Birr 5 for every additional copy | |
| Historical | 50 per page + Birr 5 for every additional copy | |
| 1.9 | Duplicate availability confirmation (S/A, C/A, TD, FCY, etc.) for all customers except credit facility | |
| Local | ||
| Service charge | Birr 200 flat | |
| Registered mail | Birr 100 flat | |
| International | ||
| Service charge | 300 flat | |
| Courier charge | As per courier cost | |
| 2 | Inheritance cases | Birr 100 per case |
| 3 | Signature change | 50 per account |
| 4 | Salary payment ( to be deducted from employer) | |
| For employers with an average monthly deposit balance <= Birr 100 million | Free | |
| For employers with an average monthly deposit balance > Birr 100 million |
| 1 | Balance Confirmation | Service Charge |
| Saving account | Birr 100 | |
| Current account | Birr 100 |
| 1 | Bank statement Issuance | Service Charge |
| Saving account | Birr 10 per page | |
| Current account | Free | |
| Through email | Free | |
| 1.1 | Extra statement issuance (other than once per month) | |
| Below 1 year | Birr 25 per page | |
| Above 1 year | Birr 50 per page | |
| Through email | Free | |
| 1.2 | Duplicate Advice | |
| Less than 2 years | Birr 20 per page | |
| Over 2 years | Birr 30 per page |
| 1 | Share Services | Service Charge |
| Share certificate issuance when transfer of share certificate | Br 1000 per transaction | |
| Share transfer processing fee | Br 1000 per each share certificate from both party | |
| Splitting / consolidating share certificate in the name of the same share holders | 1.25% from each party of gross proceed min Birr 500 | |
| Replacement of share certificate | 500 per each share certificate | |
| Issuance of pledge letter fee | Birr 1000 per each share certificate | |
| Share balance confirmation | Birr 500 | |
| Authentication of power of attorney fee | Birr 1000 | |
| Authentication original court document fee | Birr 1000 | |
| Issuance of latter on credit status | Birr 200, free for staff |
| 1. | Safe Deposit | Service Charge (Price) |
| Safe deposit box price | Birr 200 | |
| Small size | Birr 12,000 per annum | |
| Medium size | Birr 18,000 per annum | |
| Large size | Birr 24,000 per annum | |
| Extra-large size | Birr 30,000 per annum | |
| Penalty charge | 100% of the annual rate in arrears. But, 150% of the annual rent in arrears if the payment is above maturity period of contract. | |
| Deposit for key | Birr 14,000 per annum | |
| Subscription fee | free |
Digital Banking Services
| NO. | Amount Range | Commission/TXN/ |
| 1 | For transaction value less than or equal to Birr 5,000 | Birr 5 per transaction |
| 2 | For transaction value between Birr 5,001 & 30,000 | Birr 10 per transaction |
| NO. |
| Service Charge | |
| 1 | Debit card products | ||
| 1.1 | Visa debit platinum | Birr 5000 | |
| 1.2 | Visa debit Gold | Birr 1000 | |
| 2 | Prepaid card products | ||
| 2.1 | Visa prepaid platinum | Birr 5000 | |
| 2.2 | Visa prepaid Gold | Birr 1000 | |
| 2.3 | Visa prepaid classic | Birr 500 | |
| |||
| 1 | Debit card products | ||
| 1.1 | Visa Debit Platinum | Birr 1000 | |
| 1.2 | Visa Debit Gold | Birr 350 | |
| 1.3 | Visa Debit Classic | Birr 100 | |
| 1.4 | Visa Debit Classic Adey | Birr 100 | |
| 1.5 | Visa Debit Classic Afla | Birr 100 | |
| 1.6 | Visa Debit Classic Balewuletawoch | Birr 100 | |
| 1.7 | Visa Debit IFB platinum card | Birr 1000 | |
| 1.8 | Visa Debit IFB Gold card | Birr 350 | |
| 1.9 | Visa Debit IFB Classic Ameen | Birr 100 | |
| 1.10 | Visa Debit IFB Classic Ameen Zahara | Birr 100 | |
| 1.11 | Visa Debit IFB Classic Ameen Fitayah | Birr 100 | |
| 1.12 | Visa Debit IFB Classic Ameen Musinin | Birr 100 | |
| 1.13 | Visa Debit Apollo Classic | Birr 100 | |
| 1.14 | Visa Debit Apollo IFB card | Birr 100 | |
| 2. | Prepaid card products | ||
| 2.1 | Visa Prepaid IFB | Birr 100 | |
| 2.2 | Visa Prepaid Classic | Birr 100 | |
| No. |
| Service Charge |
| 1.1 | Pin Replacement with pin mailer for all card products | Birr 50 |
| 1.2 | Pin Reminder with SMS | Free |
| ||
| 2.1 | Replacement of all card types | Same as issuance fee |
| ||
| 3.1 | Delivery cost for urgent card request | Birr 100 additional to issuance fee |
| ATM withdrawal Domestic (ONUS) | Birr 0.45% |
| Balance inquiry (ONUS) | Free |
| Additional Account Link | |
| POS Cash Advance Domestic at Branch (ONUS) | |
| POS Purchase (ONUS) | |
| Fund transfer (ONUS) | |
| Mini Statement (ONUS) | |
| Transaction fee for all IFB domestic card (ONUS) |
| Service charge (price) |
| For all card products( remote ONUS cross border | USD 1.50/TXN |
| For all card product (ONUS) | ETB 0.45% |
| Remote ONUS/ETSWITCH( REMOTE/ONUS/ ETSWITCH) | ETB 0.50% |
| |
| POS purchase | |
| For all card product POS merchant site purchase | Free |
| POS cash advance | |
| For all card product (remote ONUS Cross Boarder) | USD 1.50/TXN |
| For all card products (ONUS) | Free |
| For all card product (remote ONUS/ETSWITCH | Birr 0.50% |
| Type of service | Service Charge (price) |
| Maintenance fee | Free |
| LMTS Commission | |
| Fund transfer to own account | |
| Fund transfer to other bank accounts (RTGS) | 50 Birr plus NBE fee(currently NBE fee is 50 Birr) |
| Fund transfer to p2p ETSWITCH | As per ET-SWITCH charge |
| Transfer to other wallet account | Free |
| Transfer to other wallets | |
| View account balance | |
| Customer pay bill | |
| PIN replacement | |
| Linking other accounts | |
| Fund transfer to another BOA account |
| NO | Charge | Paid by the Customer | Paid by card Issuer bank | Paid to Switch | Paid to Acquirer | |
| 1 | POS Cash Advance | 1.0/100 Birr | 0.50/100 Birr | 0.50/100 Birr | 0.60/100 Birr | 0.40/100 Birr |
| 2 | ATM off us | 1.0/100 Birr | 0.50/100 Birr | 0.50/100 Birr | 0.55/100 Birr | 0.45/100 Birr |
Trade finance
Trade Business | Current Proposal |
Letter of Credit(L/C) Charges | |
Import L/C | |
Import L/C Opening from LCY Account | |
Opening commission | 2%; min. USD 100.00 every 3 months |
Service charge | 2%; min USD 100.00 for 3 months |
Extension commission | 4%; min. USD 100.00 every 3 months |
Import L/C opening from FCY and retention account | |
Exchange Commission | Free |
opening commission from fcy account | 2.%; min USD 100.00 every 3 months |
opening commission paid against local account or cash | 2%; min. USD 100.00 every 3 months |
Service charge from fcy account | 2%; min USD 100.00 every 3 months |
Service charge paid against local account or cash | 2%; min USD 100.00 for 3 months |
LC extension and service charge | 4%; min. USD 100.00 every 3 months |
Documentary Collection Charges (CAD) | |
Purchase Order Approval | |
| 4%; min USD 100.00 |
| 4%; min USD 100.00 every 3 month |
Outgoing transfer | |
Outgoing transfer-SWIFT / Draft | |
From local Currency Account | |
| 4%; minimum USD 100.00 |
| USD 50.00 per page |
Service charge for cash | 4% Minimum USD 100 |