Tarrifs

Mobile Banking Service Terms and Tariff

Fund transfer tariff

Service Type

Transfer Amount

Tariff (Birr)

Transfer to other Awash bank Account

Up to 10,000

 1

10,001 – 50,000

3

50,001 – 100,000

5

Above 100,000

15

Transfer to partners (telebirr, M-Pesa, Rays and others)

Up to 5,000

2

5,001 – 15,000

5

Above 15,000

10

Transfer to other Bank

EthSwitch Pricing + 0.2% of the principal amount

Transfer to own account

Free

LMTS (ATM Cash Out)

0.35%

Payments tariff

Payment Type

Tariff (ETB)

Merchant Payment

Free

School fee payment

Free

Traffic Penalty payment

AwashBIRR: 3

At branch: 5

 

Bill payment tariff

Partners Name

Payment via

Tariff (ETB)

DSTV Payment

AwashBIRR

2

At branch

5

CANAL+

AwashBIRR

2

At branch

5

Ethio telecom

AwashBIRR

2

At branch

5

Safaricom

AwashBIRR

2

At branch

5

Electricity (EEU)

Free

Ticket

Partners Name

Payment via

Tariff (ETB)

Ethiopian Airlines

AwashBIRR

0.5% and Max. of 25 ETB

At branch

30 ETB

Other payments

Service Type

Tariff (ETB)

Re issuance PIN

Free

Exchange Rate inquiry

Free

Balance inquiry

Free

Mini Statement

Free

Full Statement

Free

Annual Subscription Fee

25

Any new bill & Utility Payment

Negotiable

Derash  

Free

Unicash  

Free

Webirr

Free

Internet Banking Service Terms and Tariff

Internet Banking Service Terms and Tariff

Service Type

Tariff (ETB)

(LMTS) ATM Cash Out

0.35%

Transfer to own account

Free

Transfer to other Awash bank account

Free

Cheque book request

Free

Subscription fee

Free

Account overview and statement

Free

View currency exchange rate

Free

Fund Transfer to other Bank

Transfer Amount (ETB)

 Charge per 100 ETB transfer

Up to 5,000

0.60

5,001 – 25,000

0.44

25,001 – 100,000

0.36

100,001 – 1000,000

0.28

Above 1,000,000 Birr

0.24

Card Issuance, Transaction and Management Fee

Different services

Service Type

Tariff (ETB)

Issuance of debit card

50

Re-issuance of PIN

15

Debit Card Renewal

Free

Debit Card Replacement (Lost or Stolen)

100

ATM Card Cancelation or blocking

Free

Additional Account Link

Free

Pre-Paid account issuance

50

Credit Card Issuance

150

Credit Card Replacement

200

Cash withdrawal – On Us

0.35%

Balance inquiry – On Us

Free

Mini-statement – On Us

Free

Cash withdrawal  Remote – On Us

Per EthSwitch pricing

Balance inquiry Remote – On Us

0.5 cents/request

Mini-statement Remote  – On Us

Per Ethioswitch pricing

PIN Change

Free

POS Cash Advance

Free

POS Merchant Transaction – On Us

Free

POS Merchant Transaction – Off Us

Free

 

Agent Banking Fees

Cash-In/Cash-Out

Service Type

Transaction Amount (ETB)

Tariff (Birr)

 

Cash In

>25

 Free

 

 

 

Cash Out (From Wallet, Card and Core Banking account)

25 – 100

3

101 – 500

4.5

501 – 1,000

6

1,001 – 3,000

8

3,001 – 6,000

10

6,001 – 8,000

11

8,001 – 10,000

12

10,001 – 15,000

15

15,001 – 20,000

18

>20,000

20

Bill Payment

Service Type

Transaction Amount (ETB)

Tariff (Birr)

 

(All Bill payment types including school fee)

25 and above

 Free

Fund Transfer

Service Type

Transaction Amount (ETB)

Tariff (Birr)

 

Between Awash bank Accounts

25 – 10,000

 5

Transfer to Unregistered Customer

5 – 500

5

Local remittance

Service Type

Transaction Amount (ETB)

Tariff (Birr)

 

Pay local remittance

25 – 100

 Free

Other services

Service Type

Tariff (Birr)

 

Account opening

 Free

Sale Airtime

Free

Customer Balance Enquiry

1

Customer Mini Statement

1

Local Money transfer

Inter-branch and Inter-Bank Transaction
 

Type

Transfer Amount (ETB)

Tariff (ETB)

Account to Account Transfer (Inter Branch)

1 – 10,000

5

10,001 – 100,000

10

> 100,000

15

Transfer from Customer’s Account to other banks account (RTGS) for CPO, Cheque, Letter.

Flat Rate

100

Incoming Special clearance

Flat Rate

50

OBC

Flat Rate

20

Transfer of tax collected on behalf of the government to NBE account

Flat Rate

100

Bankers Cheque (CPO)

Up on issuance

Type

Range (ETB)

Tariff (ETB)

From Account

Frat rate

100

From non-account holder

Up to 100,000

300

100,001 – 500,000

500

>500,000

750

Up on Replacement of Bankers Cheque

Type

Service Charge (ETB)

From Account

200

From non-account holder

400

Up on Bankers Cheque Cancellation/voiding

Type

Service Charge (ETB)

From Account

100

From non-account holder

200

Up on lost bankers Cheque

Type

Service Charge (ETB)

From Account

200

From non-account holder

250

Cheque Books Issued by Branches

Number of Leaves

Service Charge (ETB)

10

25

75

50

170

100

300

Standard Cheque Books Issued by NBE

Number of Leaves

Service Charge (ETB)

25

50

50

100

100

200

Deposit Accounts

Savings Passbook

Service type

Service Charge (ETB) per passbook

Passbook Issuance upon opening

Free

Lost/Damaged Passbook Replacement

100

Closure of Saving Account within 6 months from date of opening

100

Saving & Checking Account

Saving and Checking Account

Service type

Service Charge (ETB)

Saving and Checking Account Freeze (Court case) in favor of plaintiff (beneficiary)

100 (Flat)

Release (Payment to 3rd party by court)

100 per beneficiary

Inactive/Dormant A/C service charge

Service type

Service Charge

S/A balance below Birr 50 for one year

Birr 25 per six months

C/A balance below Birr 500 for six months

Birr 250/ six months for balance less than Birr 1,000

Orders

Service type

Service Charge

Standing Instruction (S/A, C/A, TD, FCY, O/D, etc.)

Birr 25 per transaction

Balance Order Instruction

Birr 100 per transaction

Stop Payment Order

Birr 300 per Cheque (Single Cheque Issued)

Birr 300 (flat) + Birr 10 per Cheque leaf

Sundries Services

Sundries Services

Service type

Service Charge (ETB)

Salary payment

 3/Account*

Provident fund handling

Free

Authentication fee at Documents and Authentication and Registration Office and Courts (In Person).

250 + 3rd Party charge

Online Authentication

50 / Authentication

Customer Door to Door Service to open Account

Free

Customer Door to Door Service to pay and collect Cash (with in the same town)

As per the agreement

Change of Signature

25 per account

* However, branch managers are authorized to waive the charge in view of the customer’s relationship with the bank.

Other Services

Insufficient Fund

Service type

Action and Service Charge

First Time

Mark in the register book and communicate written warning

Second Time

Penalize 3% of Cheque value (not exceeding Birr 25,000 + 2nd written warning)

Third Time

5% of Cheque amount not exceeding Birr 50,000, close the account & communicate to the office of Chief Retail & SME Banking, Internal Audit Directorate and same to customer/s.

Duplicate Account Statement on Request (S/A, C/A, TD, FCY, O/D, Loan Accounts etc)

Service type

Service Charge

Current Month

Birr 25 per page + Birr 5 for every additional copy page

Historical

Birr 50 per page + Birr 5 for every additional copy page

Balance Confirmation to External Auditors

Service type

Service Charge (ETB)

(S/A, C/A, TD, FCY, O/D, Loan Accounts etc)

200 (Flat)

Duplicate Account Statement on Request (S/A, C/A, TD, FCY, O/D, Loan Accounts etc)

Service type

Service Charge

Current Year

Birr 25 per advice or page

Over a year

Birr 50 per advice or page

Balance Availability Notification (S/A, C/A, TD, FCY, O/D, Loan Accounts etc)

Service type

Service Fee (ETB)

Local

Service Charge

200 (Flat)

Registered mail

As per the postal service

International

Service Charge

200 (Flat)

Courier Charge

As per courier cost

Interest on Saving Deposit

As per the existing NBE rate

Time Deposit

Negotiation

Issuance of Letter on credit status

Birr 200

Safe Box Rent

Safe Box Rent

Box Type

Service Charge Per Annum (ETB)

Small

4,000

Medium

6,000

Large

7,000

Extra Large

8,000

NB: Penalty for failing to renew contract (pay annual rent): 100% of the annual rent in arrears. But 150% of the annual rent in arrears if the payment is above maturity period of the contract.

Share and Related Issues

Service Type

Service Charge (ETB)

Share Certificate Issuance when transfer of shares from one shareholder to another shareholder or to several other shareholders

200 per each share certificate from both party.

Share transfer fee (to be collected from the transferor and the transferee)

1.25% from each party of gross proceed, minimum Birr 500.

Splitting/consolidating share certificate/s in the name of the same shareholder

500 per each share certificate

 

 

Replacement of share certificates

No charge, if the replacement is caused by error (s) committed by the bank

500 per each share certificate, if replacement is not caused by error (s) committed by the Bank.

Blocking of AB’s share to be held as collateral with other entities

1,500 (For below Birr 1,000,000)

2,500 (For above Birr 1,000,000)

Unblocking of AB’s share held as collateral with other entities

1000

Share balance confirmation letter issuance-Staff

Free

Share balance confirmation letter issuance-Non-Staff

200

Trade Service Terms and Tarriffs

IFB Financing processing and handling fees and terms

Charges and Fees related to credit processing and handling to be covered by borrowers

DescriptionFees and Charge Rules of application
1.1. Collateral substitution fee per collateral5,000.00Upon substituting of the collateral
1.2. Collateral release fee per collateral5,000.00Upon release of the collateral 
1.3. Any amendments related to collateral per amendment3,500.00Upon amendment of the collateral
1.4. Allowing registration of collaterals on Second degree by other bank’s (per each collateral)15,000.00Upon credit committee approval
1.5. Appeal on collateral estimation excluding employees of NGO and Public and Government Institutions3,500.00Before effecting the re- estimation or revaluation
Movable collateral management fee
DescriptionFees and Charge Rules of application
2.1. Motor vehicles, construction machinery and equipment’s1,000/bookletUpon new credit request approval
2.2. Factory machinery5,000/plantUpon new credit request approval
2.3. Movable collateral: registration initial notice/registration per collateral (Max 10Yrs)500Upon receiving registration request on the NBE system
2.4. Movable collateral: notice/registration per collateral extending initial200Upon receiving registration request on the NBE system
2.5. Movable collateral: search with signed certificate per collateral (Up on customer requires)200Upon collateral search request
2.6. Movable collateral: search with-out signed certificate per collateral (Up on customer request)100Upon collateral search request
2.7. Movable collateral: Full and Partial cancellation of registration per collateral200Upon collateral search request
Credit processing fees
DescriptionFees and Charge Rules of application
3.1. For new credit facility approval0.25%Upon loan disbursement
3.2. For renewal of existing limit facility within the due date time0.035% of the limitUpon renewal
3.3. Renewal of limit facilities due but less one month from expiry date0.035% (minimum Birr 5,000)Upon renewal
3.4. Renewal of Limit facilities due but greater than one month from expiry date0.05% (minimum Birr 5,000)Upon renewal
3.5. Short term overdrawal0.025% (minimum Birr 10,000)Upon allowing the overdrawal. The charge shall be calculated on the overdrawn amount.
3.6. Temporary term loans, OD and other advances extension fee (First Time) except guarantee0.1% (minimum Birr 20,000)Before setting the limit on the Core Banking System.
3.7. Temporary term loans, OD and other advances extension fee (Second Time) except guarantee0.2% (minimum Birr 50,000)Before setting the limit on the Core Banking System.
3.8. Temporary term loans, OD and other advances extension fee (Third Time and then after as per NBE Directive) except guarantee0.3% (minimum Birr 100,000)Before setting the limit on the Core Banking System.
3.9. Temporary term loans, OD and other advances extension fee from expiry date due over one month20,000.00Before setting the limit on the Core Banking System.
3.10. Revolving Merchandise Loan not showing Zero balance and/or its annual turnover below two within a year during the review period20,000.00Before setting the limit on the Core Banking System.
3.11. Confirmation fees for guarantees issued500Upon confirming the request 
3.12. Preshipment facility conversion to term loan fee per loan account0.25% (Minimum Birr 10,000)Before converting the facility on the Core Banking System
3.13. Fees for issuance of any letter of undertaking/commitment in respect of loans approved, balance disclosure and any other letters relating to loans and advances.500Upon issuance of the letter
3.14. Loan approved based on CCR2000Upon loan disbursement
Renegotiation of credit facility Charges
DescriptionFees and Charge Rules of application
4.1. Wavier of repayment per waiver of installment0.1% of the installment amount (minimum 2,500)Before implementing the credit decision
4.2. Rescheduling per loan account0.05% of the outstanding balance (minimum Birr 2,500)Before implementing the credit decision
4.3. Amendment of Repayment3,000.00Before implementing the credit decision
4.4. Transfer of Loan File (Excluding staff)3,000.00Before implementing the credit decision
4.5. Guarantee extension/ amendment fee2,000.00The charge shall be collected in addition to the guarantee. extension commission upon extension
4.6. Guarantee conversion to a term loan0.25% of the amount to be converted (minimum Birr 5,000)Before implementing the credit decision
4.7. Credit approval confirmation fee (excluding Guarantee)10,000.00Upon disbursement
4.8. Late payment (over 30 days, but less than 90 days)2% per month on the installment amount (minimum Birr 1,000)To be collected together with repayment
4.9. OD and Merchandise facility converted to term loan0.25% of the amount to be converted (minimum 10,000)Before converting the facility on the Core Banking System.
Grace period fee
DescriptionFees and Charge Rules of application
5.1. Additional grace period on project loans0.05% of the approved loan (minimum Birr 25,000)Before implementing the credit decision
5.2. Waiver of Interest payment on project term loans during the grace period (See Note 3)3% commission income to be collected on quarterly basis on the accumulated accrued interest during the grace period and any interest amount kept under MIΑΑ until unpaid interest amount is fully settled

Applied every quarter
5.3. Loan re-approval fee10,000.00Before loan disbursement
5.4. Cancellation/suspension of foreclosure decision0.01% of the total outstanding balance of NPL accounts at the time of foreclosure decision (Minimum 5,000)Immediately  after the decision passed
5.5. Appeal processing fee2,500.00Before processing the request
5.6. Insurance Premium Payment Charge10.5% of the insurance premium (minimum Birt 3,000)As soon as sufficient balance is found on the borrower account
Merchandise Loan Handling Charge
DescriptionFees and ChargeRules of application
6.1. Each time a merchandise is pledged/released.Upon release or pledge of merchandise stock.Upon release or pledge of merchandise stock.
6.2. Credit Information Inquiry/per enquiry5,000.00 Birr 500 if the requested loan amount ≤ 100,000, Birr 1,500 if < 1,000,000 and Birr 2,500 if more than Birr 1,000,000 as per inter office memo of Chief Credit Operation datedBefore inquiring credit information.
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