1. Retail Banking Operations
1.1 Deposit Interest Rates
| Type of Deposit | ≤ 2 Year | > 2 ≤ 5 Years | >5 ≤ 10 Years | > 10 Years |
|---|---|---|---|---|
| Regular Saving Deposit | 7% | NA | NA | NA |
Fixed Time Deposit | Negotiable | Negotiable | Negotiable | Negotiable |
| Commitment Saving for Mortgage Loan in Birr-Minors/students | 7% | 8% | 8.50% | 9% |
| Commitment Saving for Mortgage Loan in Birr-Adults | 7% | 7.50% | 8.00% | 8.50% |
| Commitment Saving for Mortgage Loan in FCY-Students | 7% | 8% | 8.50% | 9% |
| Commitment Saving for Mortgage Loan in FCY-Adults | 7% | 7.50% | 8.00% | 8.50% |
| Demand Deposit (LCY) | NA | NA | NA | NA |
| Demand Deposit (FCY) | NA | NA | NA | NA |
1.2 Account to Account Transfer
Particular | Tariff |
|---|---|
| Commission and Service Charges | Free |
1. 3 CPO
Particular | Tariff | Remark |
|---|---|---|
Issuance/ Cancellation/ Amendment/Loss and Refunding - For account holders
| Birr 50.00
| Per number of transaction |
Issuance/ Cancellation/ Amendment/ Loss and Refunding - For non-account holders | Birr 100.00 | Per number of transaction |
Loss and Replacement - For account holders | Birr 100.00 | Per number of transaction |
Loss and Replacement - For non-account holders | Birr 150.00 | Per number of transaction |
1.4. Account Opening Pass Book
| Particular | Tariff | Remark |
|---|---|---|
| Issuance of pass-Book for depository Accounts | Free | Regular and commitment saving accounts |
| Replacement on full utilization of pass book for Depository Accounts. | Free | Regular and commitment saving accounts |
| Lost/ Damage of pass book for depository accounts. | Birr 75.00 | Regular and commitment saving accounts |
1. 5 Closure of Account
| Particular | Tariff | Remark |
|---|---|---|
| Closure of inactive accounts (applicable for current account only) | Birr 50.00 | |
| Closure of account by the will of the customer (for both saving and current accounts) | Birr 50.00 | If the account operated less than or equal to one year. |
1. 6 Standing Order
Particular | Tariff |
|---|---|
Within the Bank | For the first order Birr 50.00 and subsequent orders if any Birr 25.00 per transaction. |
To other Banks | For the first order Birr 100.00 and subsequent orders if any Birr 75.00 plus charges of NBE per transaction |
1. 7 Authentication of Documents
Tariff | Remark |
|---|---|
Birr 100 plus any charge paid for the authority. | Per document |
Birr 50 | Per document |
1. 8 Check Book Issuance
| Particular | Tariff | Remark |
|---|---|---|
| 25 leaves | Birr 100.00 | On each pad |
| 50 leaves | Birr 200.00 | On each pad |
| 100 leaves | Birr 300.00 | On each pad |
1. 9 Bank to Bank Transfer
Particular | Tariff |
|---|---|
| Incoming cheque (RTGS) | Free |
| Outgoing Cheque (RTGS) | Birr 25.00 for A/C holders & Birr 50 for non-Acct. holders plus NBE charge if any. |
| Incoming cheque (Special cheque clearance) | Birr 50 Per CK plus any additional charges to be paid to NBE, if any. |
| cheque sent for clearance but returned unpaid for the second time | Birr 25 Per CK per return |
| Signature change | Birr 20.00 |
2. Credit Operations
2.1 Service Charge on Loans & Advances
No. | Particular | Rate and Application |
|---|---|---|
1 | Construction Project Execution Follow-up Fee | 0.5% of each disbursement |
2 | Loan Origination fee-for new credit request including additional finance and guarantee | 0.25% of the approved loan/Minimum Br. 5,000.00 |
3 | Loan Follow-up fee | 0.025% each month’s outstanding balance |
4 | Estimation Fee | 0.05% of the estimated value/Minimum Br.5000 |
5 | Commitment fee for early settlement -For Business, Mortgage & other Consumer Loans & Advances (if settled while the remaining loan period is 75% or more of the approved period. | 4% of the outstanding principal balance |
6 | Commitment fee for early settlement -For Business ,Mortgage,& other Consumer Loans & Advances (if settled while the remaining loan period is less than 75% but more than 50% of the approved period | 3% of the outstanding principal balance |
7 | Commitment fee for early settlement -For Business, Mortgage, & other Consumer Loans & Advances (if settled while the remaining loan period is less than 75% but more than 25% of the approved period | 2% of the outstanding principal balance |
8 | Credit information | Birr 1,500, individual, if the request is less or equal to Birr 1,000,000.00 |
8.1 | Credit information | Birr 2,500,individual,if the request is above Birr 1,000,000.00 |
9 | Renegotiation such as rescheduling, extension, conversion, waiver, amalgamation, amendment… | 0.25% of the outstanding loan, Minimum Br. 5,000.00 |
10 | Re-approval, After 3 months | 5,000 Birr |
11 | Renewal of credit facility | 0.025% of the facility limit to be approved, minimum Br. 2,500.00 |
12 | Collateral release or replacement before settlement | 5,000 Birr, Collateral |
13 | Loan file transfer to other branch | Birr 2,500 |
14 | loan statement fee/if it is more than once | 50, page |
15 | Default loan interest rate ( for all NPLs) | plus 3% |
16 | Appeal on credit decision and/or estimation report | 3,000 Birr, appeal |
17 | Merchandise Pledge/Release | 2,000 Birr, Every time when held |
18 | Letter related to Loan (credit) information | 500 Birr, letter |
19 | Audit Confirmation Fee | 500 Birr |
20 | Movable Collateral Registration fee | Birr 200 per registration |
2.2. Commercial Loans & Advances (Term Loans)
Interest Rate & Duration
| Type of loan facility | Collateral offered | One year | 2-5 years | Above 5 years |
|---|---|---|---|---|
| Working capital term loan | Against building, share certificate and bank guarantee | 20% | 21% | NA |
| Against vehicle and machinery | 21% | 22% | NA | |
| 100% against cash and cash substitute collateral | 17% | 17% | NA | |
| On clean bases & Personal guarantee | 22% | 23% | NA | |
| Project Term Loan other than Construction | Against building, share certificate and bank guarantee | 20% | 21% | 22% |
| Against vehicle and machinery | 21% | 22% | 22.50% | |
| 100% against cash and cash substitute collateral | 17% | 17% | 17% | |
| Building and construction term loan Commercial/ Real-estate, Real estate developers) | Against building, share certificate and bank guarantee | 21% | 21% | 22% |
| 100% against cash and cash substitute collateral | 17% | 17% | 17% | |
| Term Loan for Purchase of Vehicle and Machineries | Against building, share certificate and bank guarantee | 21% | 21% | 22% |
| against vehicle and machinery | 22% | 22% | 23% | |
| 100% against cash and cash substitute collateral | 17% | 17% | 17% | |
| Export term loan | Against building, share certificate and bank guarantee | 17% | 18% | NA |
| against vehicle and machinery | 18% | 19% | NA | |
| 100% against cash and cash substitute collateral | 14% | 14% | NA | |
| On clean bases & Personal guarantee | 20% | 20% | NA |
2.3. Revolving Credit Facility
Interest Rate
| Loan type | Clean | Against acceptable collateral not less than 75% coverage | Collateral/Remark |
|---|---|---|---|
| Overdraft – Export | 21.00% | 17.00% | |
| Overdraft – Non export | 23.00% | 21.00% | |
| Temporary OD | 23.00% | 21.00% | |
| Overdrawal | 23.00% | 21.00% | |
| Regular OD against Cash | 17% (if deposited in saving account) | 10% (if deposited in Current account) | |
| Revolving Export Credit | 15.50% | All LC Document | |
| Pre-shipment – Coffee export | 16% | Against LC/ sales contract | |
| 15.50% | Against fully secured building or other collateral | ||
| Pre-shipment - non coffee export | 16.50% | Against LC/ sales contract or CAD | |
| 16% | |||
| Merchandise | 21% | Against the pledge of non -export items | |
| Merchandise | 20% | Against the pledge of export items | |
| Merchandise | 23% | Against Goods in transit | |
| Merchandise | 21% | Against warehouse receipt issued by ECX or other legally authorized Operators | |
| Advance Against Export Bills | 16% | ||
| Advance against import bills | 22% | ||
| Import letter of Credit Settlement Loan-Short Term | 22% |
2.4. Commission on Letter of Guarantee
Commission rate based on the type of guarantees
| No. | Collateral Type | Collateral coverage | Bid Bond | suppliers guarantee | Advance Payment | Liquidation Damage/Performance Bond, Retention, Customs, Steamers, & other guarantees |
|---|---|---|---|---|---|---|
| 1 | Cash & Cash Substitutes | >=100% | 0.25% | 0.25% | 0.25% | 0.25% |
| >75%<100% | 0.50% | 1.25% | 1.00% | 0.75% | ||
≥ 40% ≤ 75% | 0.75% | 1.50% | 1.25% | 1.00% | ||
| 2 | Building | >=100% | 0.75% | 1.40% | 1.15% | 1.00% |
| >75%<100% | 1.00% | 1.60% | 1.35% | 1.25% | ||
≥ 40% ≤ 75% | 1.25% | 2.00% | 1.75% | 1.50% | ||
| 3 | Machinery & Vehicles | >=100% | 1.00% | 1.75% | 1.50% | 1.25% |
| >75%<100% | 1.25% | 2.00% | 1.75% | 1.50% | ||
>40% ≤ 75% | 1.50% | 2.25% | 2.00% | 1.75% | ||
| 4 | Clean/Personal Guarantee | <40% | 1.75% | 2.50% | 2.25% | 2% |
2.5. Mortgage & Consumer Loans Interest Rates (Loan period up to 10 years)
Currency of Equity Contribution & Repayment/Interest Rate
| Loan amount to be granted | Both in FCY | Equity in FCY | Repayment in FCY | Both in Birr |
|---|---|---|---|---|
| ≥ 50% of the house value | 10.25% | 14% | 13.75% | 15.25% |
| <50% of the house value | 9.75% | 13.25% | 14% | 15% |
2.6. Mortgage & Consumer Loans Interest Rates (Loan period 10 -30 Years)
Currency of Equity Contribution & Repayment/Interest Rate
| Loan amount to be granted | Both in FCY | Equity in FCY | Repayment in FCY | Both in Birr |
|---|---|---|---|---|
| ≥ 50% of the house value | 10.75% | 14.25% | 14% | 15.75% |
| <50% of the house value | 10.25% | 14% | 14.50% | 15.50% |
2.7. Interest Rate & Duration if the customer saves the contribution for at least six months
| Type of loan facility | Collateral offered | 10 year | Above 10 years |
|---|---|---|---|
| Mortgage loan | Against building | 17.25 | 17.5 |
2.8. Interest Rate & Duration if the customers do not save the contribution for at least six months
| Type of loan facility | Collateral offered | 10 year | Above 10 years |
|---|---|---|---|
| Mortgage loan | Against building | 19.25 | 19.5 |
3. International Banking Operations terms and tariffs
3.1. Opening Import Letter of Credit
| Charge Type | Existing Fees & charges (approved on October 15, 2024) From Local Currency Account | Existing Fees & charges (approved on October 15, 2024) From Foreign Currency Account | New fees & charges applicable since November 4, 2024) From Local Currency Account | New fees & charges applicable since November 4, 2024) From Foreign Currency Account * | Applicable Rule |
|---|---|---|---|---|---|
| Opening Commission | 6%, minimum equivalent of USD 250.00 | 3.5%, minimum USD 250 | 3%, minimum equivalent of USD 250.00 | 1.75%, minimum USD 250 | Applicable on the LC value, only once upon issuance/opening of LC per quarter |
| Service Charge | 6%, minimum equivalent of USD 250.00 | 4%, minimum USD 250 | 3%, minimum equivalent of USD 250.00 | 2%, minimum USD 250 | Applicable on the LC value, only once upon issuance/opening of LC per quarter |
| Service Charge- Unpaid Margin | 5%, unpaid amount, minimum Birr 5,000.00 | NA | 5%, unpaid amount, minimum Birr 5,000.00 | NA | Applicable on the unpaid amount |
| SWIFT | Equivalent of USD 80 | USD 80.00 | Equivalent of USD 80 | USD 80.00 | |
| Confirmation Commission | 4%, minimum equivalent of USD 250.00 | 4%, minimum equivalent of USD 250.00 | 2%, minimum equivalent of USD 250.00 | 2%, minimum equivalent of USD 250.00 | Applicable on the confirmed LC value per quarter |
3.2. Extension of Letter of Credit for additional Period
3.3. Increase in the Value of LC
| Charge Type | From Local Currency Account | From Foreign Currency Account | Applicable Rule |
|---|---|---|---|
| Service Charge | 12%, minimum Eq. of USD 250.00 | 7.5%, minimum USD 250.00 | Applicable on the increased amount of LC |
| Confirmation Commission | 4%, minimum Eq. USD 250 | 4%, minimum Eq. USD 250.00 | Applicable on the increased amount of LC, if any. |
| SWIFT | Equivalent of USD 80.00 | USD 80.00 | |
| Service charge – unpaid Margin | 5% on the unpaid amount, minimum Birr 5,000.00 | NA | Applicable on the unpaid amount |
| Charge Type | From Local currency account | From foreign currency account | Applicable rule |
|---|---|---|---|
| Extension Commission | 12 %, minimum Eq. USD 250.00 | 7.5 %, minimum USD 250.00 | Applicable on document value for extension of LC for additional period beyond the original 90 days in each quarter |
| SWIFT | Equivalent of USD 80.00 | USD 80.00 | |
| Service charge - unpaid Margin | 5% of unpaid amount, minimum Birr 5,000.00 | NA | Applicable on the unpaid amount |
| Confirmation Commission | 4%, minimum equivalent of USD 250.00 | 4%, minimum USD 250.00 | Applicable on the Confirmed LC value per quarter. |
3.4. Decrease in the value of LC
| Charge Type | From Local currency account | From foreign currency account | Applicable rule |
|---|---|---|---|
| Service Charge | Equivalent of USD 150.00 | USD 150.00 | |
| SWIFT | Equivalent of USD 80.00 | USD 80.00 |
3.5. Amendment other than value and period
| Charge Type | From Local currency account | From foreign currency account | Applicable rule |
|---|---|---|---|
| Service Charge | Equivalent of USD 150 | USD 150.00 | For amendment made other than value and period of LC |
| SWIFT | Equivalent of USD 80.00 | USD 80.00 |
3.5. Cancelation of LC
| Charge Type | From Local currency account | From foreign currency account | Applicable rule |
|---|---|---|---|
| Service Charge | Equivalent of USD 250 | USD 250.00 | |
| SWIFT | Equivalent of USD 80.00 | USD 80.00 |
3.6 Excess drawing of LC
| Charge Type | From Local currency account | From foreign currency account | Applicable rule |
|---|---|---|---|
| Exchange payable | As per NBE tariff | NA | Applicable for the excess/ Overdrawn/ amount of LC and IBC. |
| Service charge | 12%, minimum equivalent of USD 250.00 | 7.5%, minimum USD 250.00 | Applicable for the excess/ Overdrawn/ amount of LC and IBC. |
3.7. LC settlement
| Charge Type | From Local currency account | From foreign currency account | Applicable rule |
|---|---|---|---|
| Exchange Payable | As per NBE tariff | NA | Applicable on the value of LC at the time of settlement. |
3.8. Partial shipment of LC
| Charge Type | From Local currency account | From foreign currency account | Applicable rule |
|---|---|---|---|
| Service charge (1st shipment) | Free | Free | |
| Service charge (2nd shipment) | 3%, minimum USD 250.00 | 3%, minimum USD 250.00 | |
| Service charge (3rd shipment) | 4%, minimum USD 250.00 | 3%, minimum USD 250.00 | |
| Service charge (4th shipment) | 5%, minimum USD 250.00 | 3%, minimum USD 250.00 | |
| Service charge (5th shipment or above) | 6%, minimum USD 250.00 | 3%, minimum USD 250.00 |
3.9. Issuance of delivery order/ Shipping guarantee
| Charge Type | From Local currency account | From foreign currency account | Applicable rule |
|---|---|---|---|
| Service charge | 4%, minimum USD 250.00 | 4%, minimum USD 250.00 | Applicable on request of a copy document and the customer must deposit 110% of the invoice value. |
3.10. Approval of purchase order
| Charge Type | Existing Fees & charges (approved on October 15, 2024) From Local Currency Account | Existing Fees & charges (approved on October 15, 2024) From Foreign Currency Account | New fees & charges applicable since November 4, 2024) From Local Currency Account | New fees & charges applicable since November 4, 2024) From Foreign Currency Account * | Applicable Rule |
|---|---|---|---|---|---|
| Service Charge | 12% minimum USD 250.00 | 7.5% minimum USD 250.00 | 6% minimum USD 250.00 | 3.75% minimum USD 250.00 | Applicable on the value of approved PO |
3.11. Purchase order period extension
| Charge Type | From Local currency account | From foreign currency account | Applicable rule |
|---|---|---|---|
| Extension Commission | 12%, minimum USD 250.00 | 7.5%, minimum USD 250.00 | Applicable on document value for extension of PO for additional period beyond 90 days in each quarter. |
3.12. Increase in the value of PO
| Charge Type | From Local currency account | From foreign currency account | Applicable rule |
|---|---|---|---|
| Service Charge | 12%, minimum USD 250.00 | 7.5%, minimum USD 250.00 | Applicable on the increased value of PO |
3.13. Amendment other than period and Value of PO
| Charge Type | From Local currency account | From foreign currency account | Applicable rule |
|---|---|---|---|
| Service Charge | 12%, minimum USD 250.00 | 7.5%, minimum USD 250.00 | Applicable on the increased value of PO |
3.14. Excess drawing on IBC
| Charge Type | From Local currency account | From foreign currency account | Applicable rule |
|---|---|---|---|
| Exchange payable | As per NBE tariff | NA | Applicable for the excess/ Overdrawn/ amount of LC and IBC. |
| Service charge | 12%, minimum equivalent of USD 250 | 7.5%, minimum USD 250.00 | Applicable for the excess/ Overdrawn/ amount of LC and IBC. |
3.15. Partial Shipment - IBC
| Charge Type | From Local currency account | From foreign currency account | Applicable rule |
|---|---|---|---|
| Service charge (1st shipment) | Free | Free | Applicable for partial shipment of IBC |
| Service charge (2nd shipment) | 3%, minimum USD 250.00 | 3%, minimum USD 250.00 | Applicable for partial shipment of IBC |
| Service charge (3rd shipment) | 4%, minimum USD 250.00 | 3%, minimum USD 250.00 | Applicable for partial shipment of IBC |
| Service charge (4th shipment) | 5%, minimum USD 250.00 | 3%, minimum USD 250.00 | Applicable for partial shipment of IBC |
| Service charge (5th shipment or above) | 6%, minimum USD 250.00 | 3%, minimum USD 250.00 | Applicable for partial shipment of IBC |
3.16. Handling of Expired LC, IBC, and uncollected shipping document
| Description | Charge Type | From Local currency account | From foreign currency account |
|---|---|---|---|
| Presentation and settlement of document for expired LC within five days and shipped with in valid date | Service Charge | 4.5%, minimum USD 150.00 | 3.5%, minimum USD 100.00 |
| Presentation and settlement of document for expired LC within six to thirty days, following the expiry date but shipped with in its validity date | Service Charge | 9%, minimum USD 150.00 | 6.5%, minimum USD 100.00 |
| Presentation of IBC document for Po expired after 30 days but shipped within validity date | Service Charge | 10%, minimum USD 150.00 | 7.5%, minimum USD 100.00 |
| Presentation and settlement of documents for expired LC after 30 days but shipped with in validity date. | Service Charge | 10%, minimum USD 150.00 | 7.5%, minimum USD 100.00 |
| Settlement of expired LC and IBC's shipped after its validity date | Service Charge | 12%, minimum USD 250.00 | 9%, minimum USD 250.00 |
| Shipment after expiry of LC/ Po and prior to LC issuance or Po approval | Service Charge | 12%, minimum USD 250.00 | 9%, minimum USD 250.00 |
3.17. Presentation of Inward bills for collection
| Charge Type | From Local currency account | From foreign currency account | Applicable rule |
|---|---|---|---|
| Exchange Payable | As per NBE | AS Per NBE | |
| Service charge | 1.5%, minimum USD 150.00 | USD 125.00 | Applicable on the value of the document. |
| SWIFT | Equivalent of USD 80.00 | USD 80.00 |
3.18. Unpaid items returned (shipping documents)
| Charge Type | From Local currency account | From foreign currency account | Applicable rule |
|---|---|---|---|
| Service charge | Equivalent USD 150.00 | USD 150.00 | |
| SWIFT | Equivalent of USD 80.00 | USD 80.00 | |
| Currier Charge | AS per the advice/ claim | AS per the advice/ claim |
3.19. Document Custody
| Charge Type | From Local currency account | From foreign currency account | Applicable rule |
|---|---|---|---|
| Service Charge - First 10 days | Free | Free | From the date the customer is informed to collect the document from the Bank. |
| Service Charge - 11 to 30 days | 4%, minimum USD 150.00 | 3.5%, minimum USD 100.00 | From the date the customer is informed to collect the document from the Bank. |
| Service charge – above 30 days | 5%, minimum USD 250.00 | 4.5%, minimum USD 150.00 | From the date the customer is informed to collect the document from the Bank. |
3.20. Correspondent Bank Charge
| Charge Type | From Local currency account | From foreign currency account | Applicable rule |
|---|---|---|---|
| Correspondent Bank charge | As per the advice of charges/ SWIFT | As per the advice of charges/ SWIFT |
3.21. Import freight payment
| Charge Type | From Local currency account | From foreign currency account | Applicable rule |
|---|---|---|---|
| Service charge - sea freight | 12%, minimum USD 250.00 | 6%, minimum USD 200.00 | Applicable on the amount to be paid to ESL. |
| Exchange payable | As per NBE | AS Per NBE | Applicable on the amount to be paid to ESL. |
| Service charge – Inland freight in Birr | 2%, minimum USD 10.00 | Applicable on the amount to be paid to ESL. |
3.22. Advising
| Charge Type | Charge |
|---|---|
| Advising | Free, But USD 80 for advising to other Bank |
| Extension | Free, But USD 80 for advising to other Bank |
| Amendment, Extension and cancellation | Free, But USD 80 for advising to other Bank |
| Confirmation | Free, But USD 80 for advising to other Bank |
| SWIFT Received and Authentication by GBB to other Banks | USD 80 |
| Postage | Free |
| cancellation | Free |
3.23. ODBC
| Charge Type | Charge |
|---|---|
| Exchange commission | Free |
| Service charge on Collection | Free |
| Service charge on Consignment | Free |
| SWIFT Charge | USD 80.00 |
3.24. Type A – Issuance of counter guarantee
[Against guarantee issued from Correspondent Bank]
| Description | Charge | Applicable rule |
|---|---|---|
| USD up to 500,000.00 | 1.5%, minimum USD 150.00 | Applicable on the Issuance of Guarantee value per quarter or 90 days. |
| USD 500,001 to USD 1 million | 1.25% | Applicable on the Issuance of Guarantee value per quarter or 90 days. |
| Above USD 1 million | 1% | Applicable on the Issuance of Guarantee value per quarter or 90 days. |
3.25. Type B- Direct incoming guarantee
[Incoming foreign Bank Guarantee issued by correspondent Bank with GBB Confirmation]
| Description | Charge | Applicable rule |
|---|---|---|
| Advising of guarantee | USD 200.00 | Per quarter or 90 days. |
| SWIFT Charge | USD 80.00 | Per quarter or 90 days. |
3.26. Type C - Outgoing foreign Bank guarantee at the request of local customer
| Description | Charge amount | Applicable rule |
|---|---|---|
| Against 100% Deposit in FCY | 1 % minimum USD 150.00 per 90 days | Applicable on the Guarantee value per quarter or 90 days |
| Against Credit facility (Local Currency) * | 5 % minimum USD 5000.00 per 90 days | Applicable on the Guarantee value per quarter or 90 days |
| SWIFT | USD 80.00 |
* If the guarantee is claimed, all charges of outgoing transfer [3.30] applies during the settlement.
3.27. Amendment of Guarantee
| Description | Charge | Applicable rule |
|---|---|---|
| Increase in amount | As per the above (4.1.3.1 and 4.1.3.3.) on the increased amount | Applicable on the Guarantee value per quarter or 90 days. |
| Extension or Confirmation | 1%, minimum USD 150.00 | Applicable on the Guarantee value per quarter or 90 days. |
| Other terms of guarantee | USD 200.00 | Per request |
3.28. Incoming Transfer
| Charge Type | To Local currency account | To foreign currency account | Applicable rule |
|---|---|---|---|
| Service charge | Free | Free | |
| SWIFT | Free | Free |
3.29. Retransfer of Incoming transfer
| Charge Type | From Local currency account | From foreign currency account | Applicable rule |
|---|---|---|---|
| Service charge - (below USD 100.00) | Free | Free | |
| Service charge - (from USD 101 - USD 10,000.00) | 4%, Minimum USD 20.00 | 3.5%, minimum USD 20.00 | Applicable on the re transferred amount. |
| Service charge - (above USD 10,000.00) | 4%, Minimum USD 150.00 | 3.5%, minimum USD 100.00 | Applicable on the re transferred amount. |
| SWIFT | Equivalent of USD 80.00 | USD 80.00 |
3.30. Outgoing Transfer
| Charge Type | From Local currency account | From foreign currency account | Applicable rule |
|---|---|---|---|
| Service charge | 12%, Minimum equivalent of USD 250.00 | 6%, minimum USD 200.00 | |
| Exchange payable | As per NBE | AS Per NBE | |
| SWIFT | Equivalent of USD 80.00 | USD 80.00 | |
| Service charge for NGO and related staffs | Per the agreement | Per the agreement |
3.31. Amendment – Outgoing Transfer
| Charge Type | From Local currency account | From foreign currency account | Applicable rule |
|---|---|---|---|
| Service charge | 1%, Minimum USD 150.00 | 1%, minimum USD 100.00 | |
| Exchange payable | As per NBE | AS Per NBE | Applicable on the value of the document. |
| SWIFT | Equivalent of USD 80.00 | USD 80.00 |
3.32. Cancellation – Outgoing transfer
| Charge Type | From Local currency account | From foreign currency account | Applicable rule |
|---|---|---|---|
| Service charge | Equivalent of USD 100.00 | USD 100.00 | |
| SWIFT | Equivalent of USD 80.00 | USD 80.00 |
3.33. Foreign currency cash note sales
| Charge Type | From Local currency account | From foreign currency account | Applicable rule |
|---|---|---|---|
| Service charge | 12% | 6% | |
| Service Charge for staff of GBB | 1% | Free | |
| Service Charge for NGO and related staffs | Per agreement | Per agreement |
3.34. Others IBD related charges
| Description | Charge Type | From Local currency account | From foreign currency account | Applicable rule |
|---|---|---|---|---|
| FCY registration | Service charge | Equivalent of USD 10.00 | USD 10.00 | |
| Stop Payment order | Service Charge | Equivalent of USD 80.00 | USD 80.00 | |
| Discrepancy Handling | Service Charge | Equivalent of USD 100.00 | USD 75.00 | |
| Photocopy | Service Charge | Birr 100 | Equivalent of Birr 100 | |
| Letter to external party | Service Charge | Birr 500.00 | Equivalent of Birr 500.00 | |
| Balance confirmation | Service Charge | Equivalent of USD 10.00 | USD 10.00 | |
| Account statement delivery through SWIFT | Service Charge | Free | Free | Included in SWIFT Charge |
| Interest on advance against bills | As per the prevailing rate from the date of debit our Nostro account till settlement date. | As per the prevailing rate from the date of debit our Nostro account till settlement date. | As per the prevailing rate from the date of debit our Nostro account till settlement date. |
4. Digital Banking Terms and Tariffs
4.1. Card Issuing Fees
| S. No | Description | Fees/Charges | Remark |
|---|---|---|---|
| 1. | Card Issuing | ||
1.1. | Joining/ Issuing Fee | ETB 100.00 | |
1.2. | Annual Subscription Fee | Free | |
1.3. | PIN Replacement Fee | ETB 50.00 | |
1.4. | Card replacement Fee (Expired, damaged, or lost/stolen) | ETB 100.00 | |
1.5. | Additional Account Link | Free |
4.2. Transaction Fees
| S. No | Description | Fees/Charges | Remark |
|---|---|---|---|
| 1. | Card Issuing | ||
1.1. | Cash Withdrawal | ETB 1 per100 | |
1.1.1. | The customer shall pay | ETB 0.50 per 100 | Set by EthSwitch |
1.1.2. | The bank shall pay on behalf of the customer | ETB 0.50 per 100 | Set by EthSwitch |
1.2. | Balance Enquiry | ETB 0.5 per transaction | Set by EthSwitch |
5. Other Charges
Particular | Tariff (in Birr) | Remark |
|---|---|---|
Photocopy of documents | 5.00/page | |
Balance confirmation | 200.00 | Per letter |
Extra statement issuance – within a year | 5.00 | Per page |
Duplicate advice – within a year | 10.00 | Per page |
Extra duplicate advice – above one year | 30.00 | Per page |
Photocopy charge | 5.00 | Per page |
Stop payment order | 100.00 | Per order |
Investigation charge – within a year as per customer request | 15.00 | Per page but not applicable for court and police order |
Investigation charge – above a year | 25.00 | Per page but not applicable for court and police order |