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    BUGIBONI SERVICE CENTRE
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    This document summarizes the key features, costs, and benefits of various retail banking accounts offered by Absa Bank effective January 2023. It outlines the monthly or bundled fees, minimum balance requirements, transaction limits, interest rates, and additional benefits for current accounts, savings accounts, and targeted savings options like youth, salary, and bonus accounts. Key account types include Premier and Prestige current accounts, High Rate and Sanyuka savings accounts, and Ignition and Junior savings. Transaction fees and interest rates are tiered based on account balance.

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    Personal Tariff Guide (1)

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    This document summarizes the key features, costs, and benefits of various retail banking accounts offered by Absa Bank effective January 2023. It outlines the monthly or bundled fees, minimum balance requirements, transaction limits, interest rates, and additional benefits for current accounts, savings accounts, and targeted savings options like youth, salary, and bonus accounts. Key account types include Premier and Prestige current accounts, High Rate and Sanyuka savings accounts, and Ignition and Junior savings. Transaction fees and interest rates are tiered based on account balance.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    142 views1 page

    Personal Tariff Guide

    Uploaded by

    BUGIBONI SERVICE CENTRE
    This document summarizes the key features, costs, and benefits of various retail banking accounts offered by Absa Bank effective January 2023. It outlines the monthly or bundled fees, minimum balance requirements, transaction limits, interest rates, and additional benefits for current accounts, savings accounts, and targeted savings options like youth, salary, and bonus accounts. Key account types include Premier and Prestige current accounts, High Rate and Sanyuka savings accounts, and Ignition and Junior savings. Transaction fees and interest rates are tiered based on account balance.

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    © All Rights Reserved
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    of 1

    Retail Banking Tariff Guide

    Know your account features, costs and benefits effective 23 January 2023. Note: All charges will
    be accompanied by an additional charge to cover excise duty of 15% payable to URA with the
    exception of loan related charges.

    Current Accounts Savings Accounts Put aside some savings regularly and double your interest

    Premier Current Account Prestige Plus Prestige Transact Target Save Account High Rate Savings Instant Savings
    Bundled monthly fee UGX 80,500 Bundled fee UGX 60,500 Bundled monthly fee UGX 40,000 • Zero monthly ledger fees • Zero monthly ledger fees • Monthly ledger fees UGX 1,900
    Includes: Includes: Includes: • Tiered quarterly interest • Tiered quarterly interest • Tiered quarterly interest
    • Relationship Manager • Prestige membership fee
    • Prestige membership fee • 1 free withdrawal within a quarter • Minimum operating balance • Minimum operating balance
    • Free counter transactions
    • Free cheque book • Free cheque book • 4 free counter transactions per month • Subsequent withdraws charged a flat fee UGX 2,000,000 UGX 500,000
    • Free counter withdrawals • Free ATM withdraws • 1 free welcome Cheque Book of UGX 15,000 • Minimum balance breach fee • Minimum balance breach fee
    • Free ATM withdrawals • Insurance benefits • Free ATM withdrawals • Free standing order set up UGX 15,000 UGX 15,000
    • Standing orders to Absa • Duplicate statements • Standing orders to Absa • Free standing instructions Absa to Absa All other tariffs apply All other tariffs apply
    • SMS Alerts • SMS alerts
    • Insurance benefits • Unpaid Standing Orders ugx 10,000
    • Absa Platinum Debit card • Absa Platinum Debit card
    • Duplicate statements • Preferential pricing on loans, All other tariffs apply
    Sanyuka Savings Account Pamoja Bonus Savings
    • SMS alerts • Duplicate statements
    deposits, forex and TTs • Zero monthly ledger fees • Zero monthly ledger fees
    • Offshore investment banking • Standing orders to Absa
    Access Plus Account • Tiered monthly interest • Tiered monthly interest
    • Absa Platinum Debit card • 1 free withdrawal within a quarter, • Quarterly bonus Interest if no
    Ultimate Salary Account Bundled monthly fee UGX 4,000 Bonus Savings Account
    • Preferential pricing on loans, UGX 5,000 for additional withdrawals withdrawals in a quarter
    Monthly ledger fee UGX 8,500 Includes: • Zero monthly ledger fees
    deposits, forex and TTs • Hospital cash plan All other tariffs apply • Cash withdrawals UGX 22,800
    Includes: • Tiered quarterly interest
    Note: Zero bundled monthly fee if the account • No minimum blanace All other tariffs apply
    • Free salary processing • Quarterly bonus interest if no
    balance is UGX 100,000,000 and above. All other tariffs apply
    • Free ATM withdraws withdrawal in a quarter Flexi Savings
    Single Fee Account • Insurance benefits • 1 free withdrawal within a quarter, • Zero monthly ledger fees Junior Savings Account
    Bundled monthly fee UGX 25,000 All other tariffs apply Ignition Account UGX 10,000 for additional • Tiered quarterly interest • Eligibility: Below 18 years of age
    • Zero monthly fees withdrawals • 1 free withdrawal within a quarter, • Zero monthly ledger fees
    Includes:
    Absa Flexi Account (PAY AS YOU TRANSACT) • Minimum operating balance UGX 15,000 All other tariffs apply • Tiered quarterly interest
    • 1 free welcome cheque book UGX 5,000 for additional withdrawals
    • Zero monthly fees • Zero annual card fees • Quarterly bonus interest if no
    • Free ATM withdrawals • Pay as you transact
    All other tariffs apply
    All other tariffs apply
    High Interest Bonus Savings withdrawals in a quarter
    • 2 free counter transactions per month All other tariffs apply
    • Zero monthly ledger fees • 1 free withdrawal within a quarter,
    • SMS Alerts Foreign Savings Accounts
    Foreign Current Accounts • Tiered quarterly interest UGX 10,000 for additional withdraws
    • Insurance benefits UN Ultimate Salary Account (UGX/ USD) (USD, EUR, GBP, KES, ZAR)
    (USD, EUR, GBP, KES, ZAR) • Minimum operating balance • Zero monthly ledger fees
    All other tariffs apply
    • Free salary processing • Monthly ledger fees USD 14, EUR 14, GBP 14
    VSLA (Village Savings and Loans Association) • Zero monthly fees UGX 10,000,000 • Tiered quarterly interest
    • Free counter transactions • Minimum operating balance GBP 1000, • Minimum balance breach fee • 1 free withdrawal per month
    Monthly ledger fee UGX1,900 • Free ATM withdrawals EUR 1000
    UGX 15,500 • Counter withdrawal fee 1% min USD 10,
    • Free counter transactions • Free cheque book • Minimum balance breach fee EUR 18, GBP 18 EUR 10, GBP 10
    • 1 free withdrawal within a quarter,
    • Up to 3 signatories. • Zero annual card fees • Counter withdrawal fee 0.5% min USD 10, All other tariffs apply
    EUR 10, GBP 10 UGX 3,000 for additional withdrawals
    • Free duplicate statements
    All other tariffs apply All other tariffs apply All other tariffs apply All other tariffs apply

    Debit Card Charges Branch Banking Charges


    ATM deposit fee Free Cash Transactions Over the Counter
    ATM withdrawal fee (UGX cards) UGX 1,200 Local currency cash deposits Free
    USD ATM withdrawal fee (USD cards) USD 1 Cash withdrawals 0.25% (min UGX 10,000 max UGX 35,000)
    ATM withdrawal (non Absa ATM) UGX 14,600 Foreign currency cash deposit 0.25% (max 500)
    ATM balance inquiry/interim statement UGX 200 Free for deposits below 5,000
    Debit card issuance fee UGX 15,000 Statement Changes
    Debit card replacement fee UGX 15,000 Interim/Additional/Duplicate statement per page UGX 5,000 per page
    USD Debit card issuance fee USD 5
    USD Debit card replacement fee USD 5 Payments
    Cash advance (VISA/Mastercard) - customer USD 7 Standing order - set up UGX 4,600
    Cash advance (VISA/Mastercard) - non customer USD 22 Standing order - to Absa UGX 5,000
    Annual Debit card fee - VISA USD USD 30 Standing order - to other banks UGX 15,000
    Absa Debit card fee on international transactions 6% Unpaid standing orders UGX 100,000
    Reporting lost/stolen card for blocking - VISA Platinum (abroad) USD 35 RTGS Instructions - Inwards UGX 3,000 per entry
    Emergency card replacement - VISA Platinum (abroad) USD 250 RTGS Instructions - Outwards UGX 21,000 per entry
    Emergency cash request per transaction - VISA Platinum (abroad) USD 175 TT Instructions - Outwards USD 17
    Card holder enquiry - VISA Platinum (abroad) USD 8 per query TT Instructions - Inwards (customer) USD 10 EUR 10 GBP 5 other
    Emergency service request denied/fulfilled/cancelled USD 50 currencies USD 10
    - VISA Platinum (abroad) TT Instructions - Inwards (non customer) USD 25 EUR 25 GBP 15 other
    ATM camera viewing (only applicable to invalid claims) USD 295 (up-country), currencies USD 25
    USD 40 (Kampala) EFT processing - Outwards UGX 12,000 per entry
    Annual Debit card fee - VISA Electron UGX 41,739 per annum EFT processing - inward UGX3,000 per entry
    Annual Debit card fee - VISA Platinum UGX 64,348 per annum Salary processing - Absa UGX 3,000 per entry
    Annual Debit card fee - Business Platinum UGX 64,348 per annum Salary processing - other banks UGX 10,000 per entry
    School fees processing UGX 2,600 per entry
    Credit Card Charges Visa Direct Charges Internal transfers UGX 4,800 per entry (applicable
    Fee type Platinum World Miles Absa Credit Card Debit card to bonus savings products)
    Joining fee Fee Fee Sending(Domestic) UGX 9,000 Utility bill payment fee (non customer) UGX 2,600 per entry
    Supplementary card fee Free Free Sending(International) UGX 48,000 Inward direct debit fee UGX 3,000 per Instruction
    E-statements fee Free Free Receiving(Domestic) UGX 4,500 Standing order cancelation UGX 10,000 per Instruction
    Direct debit set up Free Free Receiving(International) UGX 17,975 Outward direct debit fee UGX 15,000 per instruction
    Purchase Protection Cover Free Not applicable
    Visa benefits Available Not applicable
    Unpaid direct debit fee UGX 20,000 (tax inclusive)
    Credit card Foreign currency cheques clearing fee
    Annual membership fee UGX 220,000 UGX 100,000 USD 3 per cheque
    Interest rate 3% per month 3.5% per month Sending(Domestic) 6% of transaction value, min. UGX 10,000 Clearing fee for Absa Kenya cheques UGX 10,000 per cheque
    Credit life insurance 0.08% per month 0.08% per month Sending(International) 6% of transaction value, min. UGX 48,000
    Cash advance fee 6% min UGX 10,000 6% min UGX 10,000 Receiving(Domestic) UGX 4,500
    Receiving(International) UGX 17,975 Cheque Related Charges
    Card to Wallet/CASA fee 6% min UGX 10,000 6% min UGX 10,000
    Late payment fee 10% min UGX 10,000 10% min UGX 10,000 Cheque book issuance UGX 45,000 (50 leaves),
    Over limit fee 6% 6% UGX 90,000 (100 leaves)
    Card replacement fee UGX 25,000 UGX 25,000 Counter cheque leaf UGX 28,700 per leaf
    Scheme mark up fee 6% of forex rate used 6% of forex rate used Unpaid cheques - lack of funds UGX 174,100
    Hard copy statements UGX 13,200 per page UGX 13,200 per page Unpaid cheques - technical reasons UGX 30,000
    Quarterly penalty 0.05% of amount 0.05% of amount
    Unpaid cheques - Bank of Uganda UGX 50,000
    Unpaid foreign cheques - Inward UGX 175,000 equivalent
    ATM Access Fee (tax inclusive): Local cards - UGX 7,318 and International cards – UGX 31,025
    Unpaid cheques - outwards UGX 120,000
    Inwards local cheques (non Absa) UGX 5,000 (Free for premier, prestige and
    Digital Banking Charges
    business club customers)
    Access to Internet Banking Free Stop payment cheques per leaf UGX 50,000
    Access to Mobile Banking Free Draft Charges and Bills Negotiable
    E-statements Free Bankers cheques/repurchase - customer 1%, min UGX 10,000,
    Airtime and data top up Free max UGX 30,000
    Bill payment (NWSC, UMEME, Pay TV) UGX 1,500 Bankers cheques/repurchase - non customer UGX 50,000 per cheque
    URA and school fees payment UGX 1,500 Foreign drafts/IMOs 0.75%, min UGX 20,000
    SMS alerts UGX 500 (monthly) max UGX 200,000
    EFT UGX 4,000 per entry Negotiation of foreign cheques 1%, min USD 25
    RTGS UGX 10,000 per entry Collection of foreign cheques 1%, min USD 25
    International SWIFT transfer UGX 40,000 per entry (UGX Inward cheques (beneficiary faces charge) 1%, min USD 25
    35,000 for Business Club) Other Services
    Bank to Mobile Wallet Transactions (Pull Transactions) Dormant account reactivation Free
    Tier Hold mail statement UGX 5,000 per statement
    UGX 500 - UGX 5,000 UGX 1,500 Certificate of balance/opinion UGX 10,000 per certificate
    UGX 5,001 - UGX 60,000 UGX 1,500 Audit certificate UGX 30,000 per certificate
    UGX 60,001 - UGX 125,000 UGX 2,100 Stop payment instructions UGX 50,000 per instruction
    UGX 125,001 - UGX 250,000 UGX 2,600 Release of mortgage UGX 45,500 per request
    UGX 250,001 - UGX 500,000 UGX 3,700 Security perfection fee UGX 60,000 per request
    UGX 500,001 - UGX 1,000,000 UGX 4,700 Retrieval of old voucher/cheque UGX 15,000 per instruction
    UGX 1,000,001 - UGX 2,000,000 UGX 10,000 Overdue query resolution fees UGX 9,100
    UGX 2,000,001 - UGX 3,000,000 UGX 10,000 Letters of Opinion/Request UGX 20,000 per request
    UGX 3,000,001 - UGX 4,000,000 UGX 10,000 Overdrawn minimum interest charge UGX 25,000 per month
    UGX 4,000,001 - UGX 5,000,000 UGX 10,000 Uncleared effects/overdraft arrangement 3% min UGX 150,000
    Cash Send Fees Verification of Letters of Administration Min UGX 91,000 (Actual fee depends on
    lawyer, search and logistical costs)
    UGX 10,000 - 200,000 UGX 2,000
    UGX 200,001 - 500,000 UGX 4,000 Account closure - local account UGX 20,000
    UGX 500,001 - 1,000,000 UGX 5,000 Account closure - foreign account USD 10, EUR 10, GBP 5 other currencies
    UGX 1,000,001 - 2,000,000 UGX 6,000 USD 10
    Agent Banking Company search UGX 70,000 per instruction
    Cash Withdrawals NSSF Payments Access to Premier and Prestige membership centres 45,500 per day
    Other banks' Bill
    Absa agent agents payments UGX 5,000 - 10,000 UGX 700
    UGX 500 - 5,000 UGX 800 UGX 1,100 UGX 600 UGX 10,001 - 50,000 UGX 1,000
    UGX 5,001 - 30,000 UGX 1,100 UGX 1,300 UGX 700 UGX 50,001 - 125,000 UGX 1,600 Loan Related Charges
    UGX 30,001 - 60,000 UGX 1,400 UGX 1,500 UGX 800 UGX 125,001 - 250,000 UGX 2,100
    UGX 60,001 - 125,000 UGX 1,700 UGX 2,100 UGX 1,000 UGX 250,001 - 500,000 UGX 2,600 Fee type UGX USD
    UGX 125,001 - 250,000 UGX 2,100 UGX 3,000 UGX 1,500 UGX 500,001 - 1,000,000 UGX 3,500 • Standing order setup fee Free Free
    UGX 250,001 - 500,000 UGX 2,900 UGX 3,500 UGX 2,500 UGX 1,000,001 - 2,000,000 UGX 5,000 • Stamp duty levy UGX 15,000 UGX 15,000
    • Loan application fee UGX 15,000 USD 5
    UGX 500,001 - 1,000,000 UGX 3,500 UGX 4,500 UGX 3,000 UGX 2,000,001 - 4,000,000 UGX 6,000
    • Loan statement fee UGX 15,000 per page USD 5 per page
    UGX 1,000,001 - 2,000,000 UGX 4,500 UGX 6,200 UGX 5,500 UGX 4,000,001 - 5,000,000 UGX 7,000 • Loan arrangement fee 3% min UGX 300,000 2.5% of the loan amount
    UGX 2,000,001 - 3,000,000 UGX 8,750 UGX 10,000 UGX 7,500 Registering an employer who then - VSLA UGX 50,000 N/A
    UGX 3,000,001 - 5,000,000 UGX 10,000 UGX 12,000 UGX 12,500 makes their first contribution UGX 3,000 - Local business 3% of amount, N/A
    min UGX 150,000
    UGX 5,000,001 - 10,000,000 UGX 12,000 UGX 14,000 UGX 14,500 Registering a member who makes a
    • Early loan repayment fee
    UGX 10,000,001 - 20,000,000 N/A N/A UGX 20,000 minimum contribution of UGX 10,000 UGX 3,000 - Full pay off 13% of total outstanding 13% of total outstanding
    UGX 20,000,001 - 50,000,000 N/A N/A UGX 20,000 loan balance loan balance
    - Partial pay off 13% of partial payment 13% of partial payment
    amount amount
    Balance inquiry charge UGX 700
    • Annual loan monitoring fees UGX 20,000 UGX 20,000
    Mini statement UGX 1,100
    Loan repayment charge UGX 1,100
    Funds transfer to Absa Account UGX 2,500
    School fees and tuition payments UGX 3,000 For more information, please call 0800 222 333 (toll free) or 0312 218 348. Email: absa.uganda@absa.africa
    URA and KCCA Payments UGX 3,000 Note: SWIFT/cross-boarder payments incur an overseas charge which varies depending on the currency of transaction
    Funds transfer to other bank's account UGX 6,000

    absa.co.ug Terms and conditions apply. Absa Bank Uganda Limited, company registration number 4227 is regulated by the Bank of Uganda.
    Customer deposits are protected by the Deposit Protection Fund up to UGX 10 million.

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