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SME Current Account - Pay As You Go (Entrepreneurs Account)

Convenient, fast and flexible with value added services; this plus more is exactly what your business gets with this account. Open a Current account for easy cash flow and monitor your transactions as you go.

Benefits

Benefits

Fees & Rates:

  • Opening Balance: Rwf 10,000 , USD15, EUR10, GBP10, KES1,500
  • Minimum operating balance: N/A
  • Ledger fees: N/A
  • Account maintenance fee: N/A
  • Debit Card charges: Rwf 4,000 and equivalent for all FCY accounts + VAT at 18%
  • Debit card withdrawal charge: Rwf 250 or $3
  • Counter withdrawal fees:
    • Below RWF 400,000 (ATM Limit) without cheque Rwf 3,000,
    • Below RWF 400,000 (ATM Limit) using cheque Rwf 2,000 and equivalent for all FCY.
    • 5,000 (USD and equivalent in other FCY) 0.5%;
    • Above 5,000 (USD and equivalent in other FCY) 1%;
    • Cheque book: Rwf 3,000 and equivalent for all FCY accounts
  • Free Bankers cheque: RWF 5,000 and equivalent for all FCY accounts
  • Standing order:
    • Set up fee Rwf 2,000;
    • Monthly transaction to KCB savings account free;
    • To KCB Accounts Rwf 200;
    • To Other banks Rwf 500;
    • Insufficient fund Rwf 5,000;
    • Amendment Rwf 2,000;
    • Cancellation Rwf 2,000.,
  • Pay as you use transaction fee: RWF 300 or equivalent for FCY

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