Tariffs and Charges

With effect from 1st January 2023

General Tariff

DETAILRATE
Internal: per entryKShs. 75
External: per entryKShs. 350
Amendments: per instructionKShs. 250
Unpaid Standing Order: per instructionKShs. 2,000

DETAILRATE
Per entry internalKShs. 50
Per entry external - On ChannelsKShs. 250
Per entry external - At BranchesKShs. 500

DETAILRATE
Less Than 1 Year Old: Per RecordKShs. 400
More Than 1 Year Old: Per RecordKShs. 900

DETAILRATE
By Us For Financial Reasons: Per ChequeKShs. 2,500
For Technical Reasons: Per ChequeKShs. 600
By Other Banks: Per ChequeKShs. 600

DETAILRATE
Balance Certificates: Per CertificateKShs. 250
Interest Certificates: Per CertificateKShs. 500

DETAILRATE
Inward & OutwardKShs. 1,000

DETAILRATE
EFT (Less Than KShs. 1M) - On ChannelsKShs. 350
EFT (Less Than KShs. 1M) - At BranchesKShs. 500
SWIFT (RTGS): (Will be retained in case of failed RTGS also)KShs. 500
SWIFT inquiry/ investigation (Where a message needs to be sent)KShs. 1,000
SWIFT repair chargesKShs. 1,000
SWIFT remittance RECALLKShs. 1,000
PESALINK
Transaction for amounts Charges
Kshs. 500 and belowNil
Kshs. 501 - 10,000KShs. 40
Kshs. 10,001 - 50,000KShs. 60
Kshs. 50,001 - 100,000KShs. 80
Kshs. 100,001 - 200,000KShs. 100
Kshs. 200,001 - 500,000KShs. 120
Kshs. 500,001 - 999,999KShs. 150
Kshs. 501,000 and above at I&M Karibu agentsKShs. 150

DETAILRATE
i-Tax Cash Payments - Account holdersKShs. 500
i-Tax Cash Payment - Non-Account holdersKShs. 500
i-Tax payments through other transfersKShs. 350

Transaction Range Fee Chargeable
KShs. 0 - 10,0002% of Transaction Amount
KShs. 10,001 - 100,000KShs. 250
KShs. 100,001 - 499,999KShs. 350
KShs. over 500,000KShs. 500

DETAILRATE
Set Up FeesKShs. 300
Outward/inwardKShs. 100
Inward returnedKShs. 2,000
Outward returnedKShs. 500

DETAILRATE
Per chequeKShs. 250

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Temporary OverdraftKShs. 2,000

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Closing charge per accountNil

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Per opinionKShs. 1,000

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Per audit confirmationKShs. 2,000

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Per instrumentKShs. 500
0.125% against cash dealt - MinimumKShs. 500
0.125% against cash dealt - MaximumKShs. 3,000

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A cheque series with no break is taken as one instruction and charged - On ChannelsNil
A cheque series with no break is taken as one instruction and charged - At BranchesKShs. 1,000
(If there are two cheques that are not sequential, these will be treated as two separate instructions)

DETAILRATE
Per entry ATM Salary & Next Gen accountsKShs. 250

DETAILRATE
Weekly statements: eachKShs. 250
Daily statements: per monthKShs. 2,500
Ad Hoc Statement Per Cycle Based on Product ProvisionKShs. 200
E - statementsFree

DETAILRATE
For aggregate monthly cash deposits of KShs. 7.5 million and above:0.15%

DETAILRATE
Annual Fee for Card Issuance:
- Visa Classic Debit Card: (Free 1st year, except for ATM salary A/c), every subsequent year)KShs. 350
- Visa Platinum Debit Card:USD 5
- Visa Platinum Debit Card for Personal Sapphire Accounts only (free for the first year)KShs. 350
- MasterCard Platinum (one-off fee)KShs. 500
- MasterCard WorldComplimentary
- MasterCard World EliteComplimentary
Card Replacement
- Visa ClassicKShs. 350
- Visa PlatinumKShs. 350
- Mastercard PlatinumKShs. 500
- Mastercard WorldComplimentary
- Mastercard World EliteComplimentary
Cash Withdrawals
- I&M ATMs (Free for Club Account Holders)KShs. 30
- Other ATMs (Free for Club Account Holders) (other bank surcharge may apply)KShs. 50

DETAILRATE
Card Issuance/Annual/Replacement fee:USD 5
PIN replacement fee:USD 2.75
I&M Bank ATM Transaction fee:USD 0.50
Kenswitch ATM Transaction fee:USD 1.00
Visa ATM Transaction fee:USD 1.50

DETAILRATE
Per month + VATKShs. 7,500

DETAILRATE
Business Transaction Accounts:
Alpha & Savannah AccountsNil
- Sapphire Foreign Currency Transaction AccountNil
- Sapphire & Biashara Accounts: per monthKShs. 250
Personal Transaction Accounts
- Tayari, Next Gen and ATM Salary Accounts: per monthKShs. 250
- Sapphire, Malaika & Bahati Accounts: per monthKShs. 500

DETAILRATE
Young Professional: Ledger fee per non-electronic debit transactionsKShs. 25
Premium Select: Monthly flat fee (Waived if average monthly balance is KShs. 1 Million and above)KShs. 2,000

DETAILRATE
Business Sapphire: KShs.10 per entry
- MinimumKShs. 300
- MaximumKShs. 3,000
Biashara: KShs.20 per entry
- MinimumKShs. 500
- MaximumKShs. 5,000
Alpha: (Flat, per month)KShs. 1,000
Savannah: (Flat, per month)KShs. 500
Overdraft Account: KShs: 30 per entry
- MinimumKShs. 300
- MinimumKShs. 3,000

DETAILRATE
Alpha: 100 free transactions per month. Any additional transactions charged at:KShs. 15
Savannah: 30 free transactions per month. Any additional transactions charged at:KShs. 20
Personal Transaction Accounts
(Sapphire, Bahati, Malaika, Tayari) Free transactions per month as specified under respective product features any additional transactions charged at)KShs. 100

DETAILRATE
Personal Transaction Accounts:
- Sapphire Account (Stamp Duty Charged at Actuals)Nil
- Malaika, Bahati & Tayari accounts: for 25 leavesKShs. 375
Business Transaction Accounts:
- All Accounts - per leafKShs. 15
- Sapphire Foreign Currency - per leafUSD 0.2 or equivalent in GBP /EUR

DETAILRATE
Bills On Collection:
- Commission: 0.5% MinimumKShs. 300
- Postage: Per BillKShs. 100
Up Country Bills for Collection:
- Commission: 0.5% MinimumKShs. 300
- Postage: Per BillKShs. 100

DETAILRATE
Corporate/ Retail Internet Banking:
- All enquiry transactionsFree
- Subscription ChargeFree
* Transactions to be charged as per existing Bank tariff
Balance Enquiry, Mini StatementFree
Account Summary, Deposit and Loan detailsFree
Internal Funds TransferFree
Airtime Top-upFree
Mpesa to Account transferNil
Utility PaymentKShs. 60
PIN ChangeFree
Add BeneficiariesFree
Stop Cheque RequestFree
Till Number (Bank to Merchant)
- Amounts 0 -70,000KShs. 60
- Amounts 70,001 - 250,000KShs. 80
- Amounts 250,001 - 300,000KShs. 100
PayBill (Bank to PayBill)
- Amounts 1 - 49KShs. 17
- Amounts 50 - 100KShs. 18
- Amounts 101 - 499KShs. 48
- Amounts 500 - 999KShs. 53
- Amounts 1,000 - 1,499KShs. 80
- Amounts 1,500 - 2,499KShs. 87
- Amounts 2,500 - 4,999KShs. 114
- Amounts 5,000 - 9,999KShs. 143
- Amounts 10,000 - 34,999KShs. 170
- Amounts 35,000 - 49,999KShs. 260
Bank to Mpesa
- Amounts 1 - 100KShs. 0
- Amounts 101 - 500KShs. 10
- Amounts 501 - 1,000KShs. 12
- Amounts 1,001 - 1,500KShs. 14
- Amounts 1,501 - 2,500KShs. 23
- Amounts 2,501 - 3,500KShs. 33
- Amounts 3,501 - 5,000KShs. 43
- Amounts 5,001 - 7,500KShs. 55
- Amounts 7,501 - 20,000KShs. 65
- Amounts 20,001 - 150,000KShs. 65
Bank Request:
- Full StatementKShs. 15
- Cheque Book RequestKShs. 15
- E-Statement RegistrationFree
- FOREX EnquiryKShs. 10
- Standing Instruction Set upFree (Other bank charges apply)
Account Transaction SMS Alert:
- Local SMSNil
- International SMSNil

FOREIGN EXCHANGE

DETAILRATE
Per Foreign Incoming RemittanceKShs. 500
Charge for Faulty Instructions (Repair)KShs. 250
Brisk TransfersKShs. 200
Noble AccountFree
SWIFT Incoming Remittance ReturnsUSD 20/EUR 10/GBP 10/AUD 20
Swift (Spot Value) per Remittance
- On ChannelsKShs.1,250
- At BranchesKShs. 2,000
Swift (Earlier Value) per RemittanceKShs. 2,000
Swift (Indian Rupees Spot Value) per RemittanceKShs. 750
Remittance Against Cash Deposit: 0.25%, MinimumKShs. 250
BRISK TransfersKShs. 1,000
SWIFT from Noble AccountKShs. 1,000
SWIFT messages sent to other banksKShs. 1,000
SWIFT repair chargesKShs. 1,000
SWIFT remittance RECALLKShs. 1,000
Swift queriesKShs. 1,000

DETAILRATE
Commission Per Draft
- On ChannelsUSD 5
- At BranchesUSD 10

DETAILRATE
Deposit of Foreign Currency Cash0.25% of the amount deposited

TRADE FINANCE

DETAILRATE
Interest at current discount rate plus handling charge 0.1% flat minimumKShs. 400

DETAILRATE
For Credit/Debit of KShs. Accounts: 0.25%
- MinimumKShs. 200
- MaximumKShs. 5,000
Courier handling charges: per transactionKshs. 500
For Credit/Debit of foreign currency accounts: 0.5%
- MinimumUSD 10
- MaximumUSD 75
SWIFT charges for cheques payable to banks overseasKShs. 1,500

DETAILRATE
By us:USD 30/GBP 20/EUR 25
By other banks:Other bank charges plus USD 8/GBP 5/EUR 6

DETAILRATE
Commission: 0.5% per quarter of part thereof, minimumKShs. 2,500
PostageKShs. 750

DETAILRATE
Imports Letters of Credit (L/C):
- Opening commission: 0.5% per quarter or part thereof, minimumKShs. 2,500
- SWIFT chargesKShs. 3,000
- L/C amendments: Commission for increase or extension of period amount - 0.5% per quarter or part thereof, minimum per amendmentKShs. 2,500
- Any other amendmentsKShs. 2,500
- SWIFT charges: per messageKShs. 1,500
- No charge for cancellation/expiry
- Bills acceptance: Acceptance commission 0.5% per quarter or part thereof, minimumKShs. 2,000
- SWIFT charges on acceptanceKShs. 1,500
- Retirement of bills under L/C : Commission 0.125% flat, minimumKShs. 2,000
- No cancellation fee
Standby Letters of Credit:
- Commission 0.5% per Quarter
- SWIFT chargesKShs. 3,000
- Indemnity/Release of DocumentsKShs. 2,000
- Discrepancy fees per set of documentsMin USD 100/Max USD 200
- SWIFT charge payable by beneficiaryUSD 50
- LC confirmation actual charge levied by the confirming bank plus our charges for SWIFT etc.
Avalization/Co-acceptance of bills under collection:
- 0.5% per quarter, minimum chargesKShs. 2,000
- SWIFT chargesKShs. 3,000
- Retirement Charges with 0.125% flat, minimumKShs. 2,000
Import Bills on Collection:
- Commission: 0.35%, minimumKShs. 2,000
- SWIFT: per messageKShs. 1,500
- Holding charges per overdue bill: per monthKShs. 2,000
Shipping Guarantees:
- Handling feesKShs. 7,000

DETAILRATE
Confirmation of LC:
- Commission : 0.25% per quarter
LC Advising:
- Advising chargesKShs. 3,000
- Each amendmentKShs. 2,000
Negotiations of Bills Under LC:
- Commission: 0.25%, minimumKShs. 3,000
- SWIFT: per messageKShs. 1,500
Purchase of Export Bill: (Outside L/C including clean instruments)
- Commission: 0.25%, minimumKShs. 3,000
- SWIFT: per messageKShs. 1,500
- Interest on issuance bills will be charged as per agreed rates
Export Bills on Collection:
- Handling charges: 0.25% , minimumKShs. 3,000
- SWIFT: per messageKShs. 1,500
- Discounting: interest margin over base rate minimumKShs. 2,000
Courier Charges per Item:
- InternationalUSD 50
- LocalKShs. 750

DETAILRATE
Commission: 0.5% per quarter or part thereof
Minimum per annum or part thereofKShs. 3,000
SWIFT: per messageKShs. 1,500

GENERAL TARIFF CDS FEE

SERVICESCHARGES
CDS Account OpeningNil
Immobilisation of CertificatesKShs. 200 per security
Equity trades through I&M empanelled stockbrokersNil
Equity trades through other brokers0.25% of the consideration
Private transfers - Equities and corporate bondsKShs. 1,500 in addition to the transfer charges on the market guidelines in Private Transfer Fees
Private transfers - Government securitiesKShs. 1,500 in addition to the transfer charges on the market guideline in Private Transfer Fees
Government debt trading - Successful Bids0.25% of face value, minimum fees KShs. 1,000
Government debt trading - Unsuccessful BidsKShs. 1,500
Corporate debt trading0.25% of face value, minimum fees KShs. 1,000
Offshore securities trading *0.25% of face value, minimum fees KShs. 1,000
SWIFT Messages - Trades on Government securities through own CBK CDS Accounts held directly at CBK0.1% of face value, minimum fees KShs. 2,500 and maximum fees KShs. 10,000
Note: Fee do not include any extra charges for offshore investments

I&M Bank Cards

FEATURETRAVEL CARDSAFARI CARDMULTICURRENCY CARD
Joining FeeUSD 8KShs. 600USD 10
Reload Fee per LoadNilNilNil
Refund Fee (% of refund amount)1% ; minimum USD 52% ; Minimum KES 1501% ; minimum USD 5,Max USD 35
Replacement FeeUSD 8KShs. 600USD 10
Cash Withdrawal
I&M ATMUSD 1KShs. 30USD 1
Domestic Visa/MasterCard ATMUSD 1.25KShs. 100USD 1.25
International Visa/MasterCard ATMUSD 4USD 4USD 4
KenswitchUSD 1KShs. 60N/A
Balance Enquiry
I&M ATMUSD 0.25NilUSD 0.35
Domestic Visa/MasterCard ATMUSD 0.25NilUSD 0.50
International Visa/MasterCard ATMN/AN/AUSD 0.80
KenswitchN/AN/AUSD 1.00
Visa ATMUSD 1.50KShs. 50N/A
SMS AlertsNilNilNil

FEATUREVISA CLASSICVISA GOLDVISA INFINITEMASTERCARD WORLD
Joining FeeKShs. 2,500KShs. 3,500KShs. 5,000KShs. 2,500
Supplementary Joining FeesNilNilKShs. 5,000KShs. 1,500
Annual FeesKShs. 3,000KShs. 4,000USD 75KShs. 5,500
Supplementary Annual FeesKShs. 1,500KShs. 2,000USD 75KShs. 5,500
Over limit ChargeKShs. 1,500KShs. 1,500KShs. 1,500KShs. 5,000
Cash Advance Charge (% of cash advanced)7.57.57.57.5
Card Replacement FeesKShs. 1,000KShs. 1,000KShs. 1,000KShs. 1,000
Unpaid Instruments Handling FeesKShs. 2,000KShs. 2,000KShs. 2,000KShs. 2,500
Credit Life Insurance (per month of approved limit)0.03%0.03%0.03%0.03%

FEATURE MASTERCARD BUSINESS CARD WORLD MASTERCARD FOR BUSINESS
Joining FeeKShs. 4,000KShs. 5,000
Supplementary Joining FeesN/AN/A
Annual FeesKShs. 5,000KShs. 8,000
Supplementary Annual FeesN/AN/A
Over limit ChargeKShs. 2,500KShs. 2,500
Cash Advance Charge (% of cash advanced)7.57.5
Card Replacement FeesKShs. 1,000KShs. 1,000
Unpaid Instruments Handling FeesKShs. 2,500KShs. 2,500

New Personal and Business Accounts

FEATURECLUB ACCOUNT PAYGO ACCOUNT
Opening balanceKShs. 1,000KShs. 1,000
Minimum balance to be maintainedNilNil
Account maintenance feeNilNil
Monthly feeKShs. 1,000Nil
Ledger feeNilKShs. 30 (each non-channel debit)
Debit card issuance feeFreeKShs. 500 (Mastercard Platinum Debit)
Debit card annual feeNilNil
Debit card replacementFreeKShs. 500
Debit card renewalFreeKShs. 500
I&M ATM cash withdrawalFreeKShs. 30
Other ATM cash withdrawal (Other Bank surcharge may apply)FreeKShs. 50
Cheque book issuance (per leaf)FreeKShs. 15
Transfers within I&MFreeFree
Over the counter withdrawalsFreeKShs. 250
Online transactionsFree online Pesalink, RTGS,SWIFT,Standing order set up and transfers are free if done onlineAs per the general tariff
Other transaction chargesAs per the general tariffAs per the general tariff
Other Account benefitsFree AMREF Maisha Bronze cover, e-statement, daily sms/email notificationsFree standing order set up,e-statement, daily sms/email notifications

FEATUREBUSINESS PREMIER CURRENT ACCOUNT BUSINESS CURRENT ACCOUNT
Opening balanceKShs. 10,000KShs. 1,000
Minimum balance to be maintainedKShs. 10,000Nil
Account maintenance feeNilNil
Monthly feeNilKsh 500 (for first 75 transactions per month free of ledger fees)
Monthly Ledger feeKShs. 10 per transaction, min KShs. 300 per month, max KShs. 3,000KShs. 10 per transaction after first 75 free transactions per month
Debit card issuance fee
(MasterCard Platinum)KShs. 500KShs. 500
Debit card annual feeKShs. 500 per annum per cardKShs. 500 per annum per card
I&M ATM cash withdrawalKShs. 30KShs. 30
Other ATM cash withdrawal (Other Bank Surcharge may apply)KShs. 50KShs. 50
Cheque book issuance (per leaf)KShs. 15KShs. 15
Transfers within I&MFreeFree
Other transaction chargesAs per the general tariffAs per the general tariff
Other Account BenefitsFree e-statement,daily sms/email notificationsFree e-statement, daily sms/email notifications

Private Transfer Fees

APPLICATION TYPETRANSFER VALUERATE
Settlement of an estate of a deceased person- less than Kshs. 10,000No fee
Settlement of an estate of a deceased person- more than Kshs. 10,000KShs. 1,500
Transfer by gift- less than Kshs. 10,000No fee
Transfer by gift- less than Kshs. 100,0002.1% of the value of transaction
Transfer by gift- more than Kshs. 100,000Negotiable subject to a maximum of 1.5% of the value
Transfer with no change on in beneficial ownership including Treasury bonds and other corporate bonds- more than Kshs. 10,000KShs.1,500

APPLICATION TYPETRANSFER VALUERATE
Settlement of an estate of a deceased person- less than Kshs. 10,000No fee
Settlement of an estate of a deceased person- more than Kshs. 10,000KShs. 1,500
Transfer by gift- less than Kshs. 10,000No fee
Transfer by gift- less than Kshs. 100,0002.1% of the value of transaction
Transfer by gift- more than Kshs. 100,000Negotiable subject to a maximum of 1.5% of the value
Transfer with no change on in beneficial ownership including Treasury bonds and other corporate bonds- more than Kshs. 10,000KShs. 1,500

Contacts and Note

  • Call Centre: +254 20 322 1000 | Email: invest@imbank.co.ke | Website: imbankgroup.com
  • *All charges are subject to excise duty
  • *Always confirm the updated Tariff on the website: www.imbankgroup.com/ke