Tariffs
Tax or duties for our products and services
FX related, Commissions, Service charges and Fees
Domestic Banking Service Fees
| Fund Transfers | Tariff(ETB) |
| Transfer For loan Repayment | |
| Postage | Free |
| Fund Transfers from A/C to A/C | Tariff(ETB) |
| Commission | Free |
| Service charge | Free |
| Bank To Bank Transfer | Tariff(ETB) |
| Incoming Cheque | Free |
| Outgoing Cheque | 20 Per cheque |
| Service charge For CPO | Tariff(ETB) |
| Commission for CPO issued against the account | 50 |
| Cancelation of CPO | 10 per flat |
| Replacement of CPO | 50 per flat |
| Lost And Refunding For account holders | 100 |
| Interbank Transfer Charges | Tariff(ETB) |
| service Charge | Free |
| Commission on the transfer of funds made through other banks where there are no own bank branches | 80 for RTGS |
| Physical CPO and Cheque Clearance-high value cheques | 25 |
| Cost of Cheque Book | Tariff(ETB) |
| 100 Leaves | As per The Printing Cost |
| 50 Leaves | |
| 25 Leaves | |
| 10 Leaves |
| Standard Cheque | |
| 100 Leaves | As per The Printing Cost |
| 50 Leaves | |
| 25 Leaves | |
| 10 Leaves |
| Cost of Deposit( Deposit Interest Rate) | Type | Tariff |
| Saving Deposit | Normal | 7% |
| Handhura | 8% | |
| Youth Saving | 7.25% | |
| Sebbeta Ayyo | 8% | |
| Sorema | 7.5% | |
| Special Saving Deposit | Negotiation | |
| Fixed Time Deposit | Negotiation |
| Service Charge on Saving Passbook | Tariff(ETB) |
| Passbook Issuance Upon Account Opening | Free |
| Service Charge For Replacing Lost Passbook | 50 |
| Service charge For replacing damaged passbook | 25 |
| saving account closure | Before Six months 50 per passbook |
| Cheque Returned due to Insufficient Funds | Tariff(ETB) |
| First Instance Commission | fine 100 |
| Second Instance Commission | 3% of cheque value for the amount nox exced 25,000 |
| Third Instance Commission | 5% of cheque value amount not more than 50,000 |
| Cheque Returned Unpaid due to other reason | 20 Per cheque |
| Special cheque clearance charge per cheque | 20 Per cheque |
| Current Account Statement Copies Or Additional requests( Extra statement Issuance other than once per month) | 10 per page for below 1 year |
| 20 per page for over 1 year | |
| Current account closure fee | 50 |
| Balance Confirmation Letter Charge | For Local service charge of 100 flat and Courier cost as per the mail cost( if any) |
| For International(Abroad), service charge 150 flat and courier as per the courier cost(if any) | |
| Balance Confirmation to Customers external Auditors(S/A,C/A, TD, FCY, O/D, Loans Accounts) | 100 flat |
| Monthly standing Instruction (S/A, C/A, TD, FCY,O/D)except payroll payment | 15 per transaction |
| Stop Payment Charge | Tariff(ETB) |
| stop payment charge for cheque,CDT,etc | 50, additional 10 for additional cheque leaf |
| stop payment for loss of cheque | 50 |
| Service charge to broadcast for stop payment of lost instrument to be distributed to all branches | Free |
| Duplication | Tariff(ETB) |
| Handling fee for Duplicate advice per page or advice | 10 per advice for less than a year and 15 per advice for over a year |
| Preparing duplicate statements per page | 10 for the current month plus 5 for the added copy per page |
| 20 for previous months plus 5 for the extra copy per page | |
| Duplicate/photocopy of other documents per page | 5 per page |
| Service charge om inactive/ document accounts | Tariff(ETB) | Remark |
| Service charge on inactive current Account | 50 per six months on current account | If the balance is below ETB 500 |
| Service Charge on inactive saving account | Saving account below 50 | Every Two Years |
| Sundries Service | Tariff(ETB) | Remark |
| Salary(payroll) payment per head | Negotiation | |
| Authentication fee(power of attorney) | 50 on the top of the third party | At the Documents Authentication And Registration Office And courts |
| Inquries Requiring Investigation | Tariff(ETB) | Remark |
| Up to one year per inquiry(court cases,revenue authority,investment commision etc) | 100 per inquiry | If the request is by the court itself its free of charge |
| over one year | 500 per inquiry | |
| Photocopy per page | 5 per page |
| Share Related Service charges | Tariff(ETB) | Remark |
| Blocking of our Bank’s Share to be held as collateral with othr entities | for share value up to 50,000 flat ETB charge of ETB 500 and for Greater than ETB 50,000 a flat charge of Etb 1000 | |
| Unbllocking of our Bank’s share held as collateralwith other entities | Flat ETB 150 | |
| Share transfer fee | (1% of share value from each party) minimum ETB 200 | |
| Confirmation fee | Flat ETB 100 | |
| Authentication of shareholders agent documents | Flat ETB 150 | |
| Statement Charge | Free | For issuing shareholders share statement account |
| Certificate fee | Flat ETB 500 | At the time of transfer to other person/body |
| signature change | 10 | |
| Inheritance cases | 35 per case | If the request is by the court itself,its free of charge |
| Chimisa safe Deposit Box | 500 per Box |
Microfinance Service Fees
|
Product Category |
Loan Cycle |
Interest Rate |
Rules for Application |
|
Group based loan |
|
17.5% |
Declining basis |
|
Agricultural Based Individual Loan (ABIL) |
|
18% |
Declining basis |
|
MSME Loan |
First Cycle |
15% |
Declining basis |
|
> First Cycle |
17% |
Declining basis |
|
|
WEDP & Ogeti Loans |
|
17% |
Declining basis |
|
Product Category |
Loan Cycle |
Loan Processing Fee |
Rules for application |
|
Group based loan |
|
3% of the approved loan amount with minimum of Birr 250 |
To be deducted from the approved loan |
|
Agricultural Based Individual Loan (ABIL) |
|
3% of the approved loan amount with minimum of Birr 500 and maximum of Birr 1,500 |
To be paid upfront in cash before loan disbursement |
|
MSME Loan |
First Cycle |
3% of the approved loan amount with a maximum of Birr 30,000 |
To be paid upfront in cash before loan disbursement |
|
>First Cycle |
3% of the approved loan amount with a maximum of Birr 35,000 |
To be paid upfront in cash before loan disbursement |
|
|
WEDP & Ogeti Loans |
|
3% of the approved loan amount with a maximum of Birr 35,000 |
To be paid upfront in cash before loan disbursement |
|
Loan Product Category |
Loan Cycle |
Credit Life Insurance |
Rules for application |
|
Group based loan |
|
2% or 2.5% or 3% of the approved loan amount based on the preference of the customer
|
To be paid in cash before loan disbursement |
|
Agricultural Based Individual Loan (ABIL) |
|
NA |
|
|
MSME Loan |
First Cycle |
NA |
|
|
>First Cycle |
NA |
|
|
|
WEDP & Ogeti Loans |
|
NA |
|
|
Loan Product Category |
Loan Cycle |
Credit Life Insurance |
Rules for application |
|
Group based loan |
|
Birr 10 only for new borrowers |
To be paid in cash before loan disbursement |
|
Agricultural Based Individual Loan (ABIL) |
|
NA |
|
|
MSME Loan |
First Cycle |
NA |
|
|
>First Cycle |
NA |
|
|
|
WEDP & Ogeti Loans |
|
NA |
|
MOBILE BANKING SERVICE TERMS AND TARIFFS
|
Service Type |
Transfer Amount(ETB) |
Tariff (ETB) |
|
Transfer to other Siinqee Bank Account Account |
50 – 500 |
free |
|
501 – 5,000 |
3 |
|
|
5,001 – 10,000 |
5 |
|
|
10,001 – 50,000 |
10 |
|
|
50,001 – 100,000 |
25 |
|
|
100,001 – 500,000 |
50 |
|
|
Transfer to partners telebirr |
1 – 10,000 |
0.2 per 100 |
|
10,001 – 50,00 |
0.15 per 100 |
|
|
50,001 – 100,000 |
0.12 per 100 |
|
|
Transfer to other Bank |
1 – 5,000 |
0.5 per 100 |
|
5,001 – 50,000 |
0.3 per 100 + 5 ETB |
|
|
Transfer between own account |
|
free |
|
Service Type |
Tariff (ETB) |
|
Re issuance PIN |
Free |
|
Exchange Rate inquiry |
free |
|
Balance inquiry |
free |
|
Mini Statement |
free |
|
Full Statement |
free |
|
Annual mobile Banking Subscription Fee |
5 ETB per month |
|
Any new bill & Utility Payment |
free |
|
Link other account |
free |
INTERNET BANKING SERVICES
|
Service Type |
Transfer amount (ETB) |
Tariff (ETB) |
|
Transfer to own account |
|
free |
|
Transfer to other Siinqee bank account
|
10 – 5000 |
5 |
|
5001 – 10,000 |
10 |
|
|
10,001 – 50,000 |
25 |
|
|
50,001 – 100,000 |
50 |
|
|
100,001 – 500,000 |
100 |
|
|
Above 500,001 |
0.04% |
|
|
Fund transfer to other bank |
10 – 5000 |
0.5 per 100 |
|
5001 – 100,000 |
0.25 per 100 + 5 ETB |
|
|
Transafer to tele birr and other wallet |
10 – 10,000 |
0.2 per 100 |
|
10,001 – 50,000 |
0.15 per 100 |
|
|
50,001 – 100,000 |
0.12 per 100 |
|
|
Subscription fee |
|
free |
|
Account overview and statement |
|
free |
|
View currency exchange rate |
|
free |
CARD BANKING TERM AND TARIFF
|
Service type |
Tariff (ETB) |
|
New Card personalization |
100 ETB |
|
New card personalization for staff |
free |
|
Card renewal |
100 ETB per card |
|
Card replacement (stolen or damaged) |
100 ETB per card |
|
New PIN change replacement |
30 ETB per PIN mailer |
|
ATM cash withdrawal fee ON-US |
50 cents per 100 ETB |
|
ATM cash withdrawal fee OFF-US |
45 cents per 100 ETB |
|
ATM cash withdrawal fee remote ON-US |
75 cents per 100 ETB |
|
ATM balance Enquiry ON-US |
50 cents per transaction |
|
ATM balance Enquiry OFF-US |
20 cents per transaction |
|
ATM balance Enquiry remote ON-US |
80 cents per transaction |
|
ATM mini statement ON-US |
60 cents per transaction |
|
ATM mini statement remote ON-US |
1 ETB per transaction |
|
ATM mini statement OFF-US |
62 cents per transaction |
|
POS cash advance ON-US |
1 ETB per 100 ETB |
|
POS purchase ON-US |
free |
|
POS Balance Enquiry |
50 cents per transaction |
|
POS mini statement |
1 ETB per transaction |
|
POS purchase OFF-US |
45 cents per 100 ETB |
|
POS purchase remote ON-US |
75 cents per 100 ETB |
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