Kenyan banks with highest account charges revealed

Standard Chartered Bank in Nairobi. The lender's customers pay the highest maintenance and transaction fees. FILE PHOTO | EVANS HABIL | NMG

Standard Chartered Bank’s #ticker:SCBK current account customers pay the highest maintenance and transaction costs among Kenya’s big banks, a newly released report shows.

The report, which is the product of a two-year survey of the banking market by Financial Sector Deepening (FSD) Kenya, indicates that some bank customers are forced to pay up to Sh14,000 a year in account maintenance fees alone, adding to the cost of accessing financial services.

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Note: The results are not exact but very close to the actual.