Updated 2 November 2026
Equity Bank charges are low on the app and higher at the counter and agent. An Equity Ordinary Account has no monthly fee and opens with KSh 400; an Equity ATM withdrawal costs KSh 30, another bank’s ATM KSh 200, and sending KSh 1,000 from your Equity account to M-Pesa costs KSh 13. PesaLink transfers up to KSh 1,000 are free, then KSh 50 up to KSh 100,000. Agent withdrawals are the expensive part: KSh 28.75 for KSh 2,500 or less, rising to KSh 258.75 for KSh 50,001 to 100,000.
Updated November 2026 from Equity Bank (Kenya) Limited’s official Products and Services Tariff Guide and Credit Tariff Guide, both marked “Revised in February 2025” and still the versions linked from Equity’s site in November 2026. Charges exclude excise duty unless stated.
Equity Bank charges on personal accounts
| Charge | Equity Ordinary Account | Personal Current Account |
|---|---|---|
| Opening balance | KSh 400 | KSh 5,000 |
| Minimum operating balance | Nil | Nil |
| Monthly maintenance (ledger) fee | Nil | Nil |
| Counter cash withdrawal | KSh 100 | KSh 100 |
| Inter-branch cash withdrawal | KSh 100 | KSh 100 |
| Account closing fee | KSh 350 | KSh 1,000 |
Equity Supreme (premium) branch accounts need a KSh 50,000 opening and operating balance for personal accounts, and charge KSh 2,000 a month if you fall below it. Junior and student accounts open with KSh 100 to KSh 200. Other fees: ad hoc statement KSh 150 a page, dormant account reactivation KSh 200, SMS alerts KSh 2 per alert where they apply, banker’s cheque KSh 100, cheque leaf KSh 17.50 and stop cheque KSh 1,500.
ATM and card charges
- ATM withdrawal at an Equity ATM: KSh 30.
- Withdrawal at another bank’s ATM: KSh 200 (a declined transaction or balance check there: KSh 30).
- POS purchases and Equity ATM balance or mini-statement on screen: free. Cash back at a till: KSh 25.
- Visa or Mastercard debit card: KSh 600 to apply, KSh 200 a year, KSh 600 to replace (also KSh 600 if reissued for a forgotten PIN). Equity’s own proprietary debit card: KSh 400, KSh 100 a year, KSh 400 to replace.
- Prepaid card: KSh 500 to apply, KSh 300 to replace. USD Visa debit card: USD 8 to apply, USD 3 a year, USD 3 per ATM withdrawal.
Equity to M-Pesa and Airtel Money charges
| Amount (KSh) | To M-Pesa | To Airtel Money |
|---|---|---|
| 1 – 100 | 0 | 0 |
| 101 – 500 | 11 | 10 |
| 501 – 1,000 | 13 | 12 |
| 1,001 – 1,500 | 15 | 14 |
| 1,501 – 2,500 | 24 | 21 |
| 2,501 – 3,500 | 34 | 31 |
| 3,501 – 5,000 | 44 | 42 |
| 5,001 – 7,500 | 56 | 53 |
| 7,501 – 20,000 | 66 | 63 |
| 20,001 – 25,000 | 68 | 63 |
| 25,001 – 150,000 | 68 | 65 |
Receiving money from M-Pesa or Airtel Money into Equity is free on Equity’s side. Because the top fee is capped at KSh 68, one transfer of KSh 30,000 (KSh 68) costs far less than six transfers of KSh 5,000 (KSh 264).
Equity agent charges
| Agent withdrawal (KSh) | Fee incl. 15% excise |
|---|---|
| 2,500 and below | 28.75 |
| 2,501 – 5,000 | 51.75 |
| 5,001 – 10,000 | 86.25 |
| 10,001 – 20,000 | 166.75 |
| 20,001 – 35,000 | 195.50 |
| 35,001 – 50,000 | 224.25 |
| 50,001 – 100,000 | 258.75 |
Cash deposits at an Equity agent are free at every band up to KSh 100,000. If you need KSh 20,000 in cash, the Equity ATM (KSh 30) is much cheaper than an agent (KSh 166.75) or the counter (KSh 100).
Transfers: PesaLink, EFT, RTGS and SWIFT
| Transfer | Charge |
|---|---|
| Within Equity on mobile | Free (KSh 50 on web, KSh 100 at the branch) |
| PesaLink KSh 0 – 1,000 | Free |
| PesaLink KSh 1,001 – 100,000 | KSh 50 |
| PesaLink KSh 100,001 – 999,999 | KSh 100 |
| EFT outgoing | KSh 200 online; KSh 300 at branch |
| RTGS outgoing | KSh 500 (incoming free) |
| SWIFT outgoing / incoming | KSh 1,500 / KSh 600 |
| Bill and statutory payments | KSh 30 |
| Failed standing order or EFT | KSh 500 |
For a KSh 80,000 payment, PesaLink (KSh 50) beats RTGS (KSh 500). See PesaLink vs RTGS vs EFT for speed and limits.
Loan and credit card charges
- All Equity loans, including Eazzy Loans, are priced at the Equity Bank Reference Rate plus a margin based on your risk profile. A Loan Application and Credit Evaluation (LACE) fee of up to 5% applies on top.
- Temporary overdraft fee: 10% of the amount granted, minimum KSh 260. Loan restructuring: up to 5%.
- Visa Classic credit card: KSh 2,500 joining and KSh 2,500 a year; Gold: KSh 7,500 joining and KSh 4,500 a year. Interest 3.5% a month, late payment 6%, over-limit 4%, cash advance 6% at Equity or 10% elsewhere.
Estimate repayments with the Equity loan calculator, and compare with peers in KCB vs Equity.
How to cut your Equity Bank charges
- Do Equity-to-Equity transfers on the app (free) rather than the branch (KSh 100).
- Use PesaLink for amounts under KSh 1,000 (free) and for anything up to KSh 100,000 (KSh 50).
- Withdraw at Equity ATMs, not agents, for anything above KSh 2,500.
- Close dormant accounts properly; reactivation and closing both cost money.
Opening an account? See requirements to open an Equity Bank account. For help lines and common fixes, see Equity Bank help.
Sources
- Equity Bank (Kenya) Products and Services Tariff Guide, revised February 2025 (PDF)
- Equity Bank (Kenya) Credit Tariff Guide (PDF)
Frequently asked questions
How much does Equity charge to send money to M-Pesa?
KSh 11 for KSh 101–500, KSh 13 for up to KSh 1,000, KSh 44 for KSh 3,501–5,000, and a maximum of KSh 68 for larger amounts up to KSh 150,000, before excise duty.
What are Equity Bank ATM withdrawal charges?
KSh 30 at an Equity ATM and KSh 200 at another bank’s ATM, under the current tariff guide.
Does the Equity Ordinary Account have monthly charges?
No. It has no monthly fee and no minimum operating balance. You pay KSh 400 to open it and KSh 350 if you close it.
Is PesaLink free on Equity?
Yes for amounts up to KSh 1,000. From KSh 1,001 to KSh 100,000 it is KSh 50, and KSh 100 above that.
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