Ahadu Bank
Terms & Tariff's
Service Type | Tariffs (ETB) |
New regular card and pin issuance with account balance >=500 birr | 50 Birr |
New regular card and pin issuance with account balance <500 birr | 100 birr |
New Corporate card and pin issuance | 250 birr |
Pin re issue | 15 birr |
Card re issue | 15 birr |
Card re issue | 100 birr |
Cash withdrawal | 0.5 % withdrawal amount |
Balance inquiry | 0.5 birr per request |
Min Statement | 1 birr per request |
Additional account link | 10 birr |
Supplementary card issuance | 40 birr |
Dormancy fee for not using the card (Inactive ATM card) | 0.02% of the balance or Br 5 whichever is greater |
Pin change | Free |
Card Blocking fee | Free |
Services Type | Tariffs (ETB) |
Registration | Free |
Transfer to other bank from 1 birr up to birr 5,000 | 0.4% of the transfer amount |
Transfer to other bank from 5,001 birr up to 20,000 | 0.24% of the transfer amount |
Transfer to telebirr wallet from birr 1 up to birr 12, 500 | 0.2% of the transfer amount |
Transfer to telebirr wallet from birr 12,500 up to birr 75,000 | 25 birr |
Within bank Transfer | Free |
Own account transfer | Free |
Unlocked USSD & IBMB user | Free |
Change USSD & IBMB password | Free |
View & download statement | Free |
Airtime top up | Free |
School fee | Free |
Airline ticket purchase | Free |
Transfer to kacha wallet | Free |
Service Type | Tariffs ( ETB) |
Retail Banking | |
Account Opening | |
Minimum S/A opening balance | 25 |
Minimum S/A opening balance | 250 |
Service charge on saving passbook | |
Passbook issuance | Free |
Replacement of lost passbook | 100 |
Replacement of damaged passbook | 100 |
Replacement of fully utilized passbook | Free |
Inactive account /dormant account/early closure charge | |
S/A below minimum balance(every six month | Free |
S/A below minimum balance(every six month S/A below minimum balance(every six month | 50 |
S/A closed before six months of opening | 100 |
S/A closed before six months of opening | 100 |
Account Balance conformation letter | |
Requested by account holder | |
To local institute/organization | 100 |
To abroad institute/organization /embassies | 100 |
Requested by external organ/auditor | 200 |
Statement/advice/other document coy issuance | |
1st time/monthly | Free |
Interim statement | 10/Page |
Interim statement to embassies | 20/Page |
S/A statement | 10/Page |
Duplicate | |
Current period (within a year) | 20/Page |
Non-current period(after a year) | 50/Page |
Email/Fax | 10/Page |
Service Type | Tariffs ( ETB) |
Standing instruction set up | 50 |
Standing instruction execution | 100 |
Check book cost | |
10 leaves | 35 |
25 leaves | 75 |
50 leaves | 95 |
100 leaves | 185 |
CPO | |
Issuance | 50 |
Lost CPO replacement | 200 |
CPO cancellation | 300 |
Refunding of lost CPO | |
Local money transfer(LMTS) | |
Commission | Birr 3 upto 3.000.00 |
Service charge | |
Transfer | 30 |
Amendment | 15 |
Re transfer | 15 |
Disregard | |
Transfer from staff member account (commission & service charge) | |
Insufficient fund cheque returned (NSF) | |
1st instance | 1st reminder |
2nd instance | 3% max 25,000 |
3rd instance | 5% max 50,000 |
Other service charges | |
Cheque special clearance | 100 |
Cheque stop payment | 150 |
RTGS | 100 |
Customer signature change | 50 |
Account block/freeze request by account holder | 50 |
Account block/freeze order by court or other gov’t body | 100 |
Power of attorney and court decision authentication charge | 50 |
Loan status confirmation letter | 200 |
Extra copy of letter per page | 15/page |
Account /share balance / amount verification (deceased or other case) | 100 |
Salary payment | free |
Share sale service charge(other org) | 2% of the value of share |
Transfer of tax collected on behalf of gov’t to NBE account | 100 |
Service Type | Collateral Type | Interest rate and duration | ||
Up to1 year | 2-5 Years | Above 5 Years | ||
Working capital term loan (any Sector) | Working capital term loan (any Sector) | 18% | 19.5% | 20% |
Against vehicle and machinery | 19% | 20.5% | 21% | |
Clean base & PG | 21% | |||
Project Term Loan (any Sector) | Against building, share certificate and other bank guarantee, cash substitute | 18% | 19.75% | 20.5% |
Against vehicle and machinery | 19% | 20% | 21% | |
Clean base & PG | 21% | 21% | 21% | |
Term Loan for Purchase of Vehicle and Machineries | Against building, share certificate and bank guarantee, cash substitute | 19.75% | 21% | |
Against vehicle and machinery | 20.5% | 21.5% | ||
Export Term Loan | Against building, share certificate and bank guarantee, cash substitute | 18% | 19% | Pre shipment rate might be applicable based on their export performance. |
Against vehicle and machinery | 19% | 20% | ||
Clean base & PG | 21% | |||
Micro Finance Institutions, SACCO and Micro Enterprise | Against all acceptable collateral | 15.5% | ||
Loan amount to be granted | Currency of Equity Contribution & Repayment/Interest Rate2 | |||
Both in FCY | Equity in FCY | Repayment in FCY | Both in Birr | |
≥ 50% of the house value | 10.00% | 13.75% | 13.50% | 20% |
<50% of the house value | 9.50% | 13.00% | 13.75% | 19.00% |
Vehicle Loans | ||||
Loan amount to be granted | Currency of Equity Contribution & Repayment/Interest Rate | |||
Both in FCY | Equity in FCY | Repayment in FCY | Both in Birr | |
≥ 50% of the vehicle | 10.00% | 13.75% | 13.50% | 20% |
<50% of the vehicle | 9.50% | 13% | 13.75% | 19.00% |
Revolving Credit Facilities | ||||
Type of Product | Interest Rate/Collateral | |||
Clean | Against Acceptable Collateral not less than 100% coverage. | |||
Overdraft- export | 21.00% | 19.00% | ||
Overdraft- non export | 21.00% | 19.00% | ||
Temporary OD | 21.00% | 19.00% | ||
Overdrawal | 21.00% | 19.00% | ||
Pre-shipment | ||||
Pre shipment against registered LC /sales contract/ | 13.50% | |||
Pre shipment (fully secured by acceptable collateral) | 12.50% | |||
Merchandise Loan | ||||
Merchandise (against the pledge of non-export items) | 18.00% | |||
Merchandise (against the pledge of export items) | 17.00% | |||
Merchandise against goods in transit | 20.00% | |||
Merchandise against ware house receipt | 18.00% | |||
Advance | ||||
Advance against export bills | 12.50% | |||
Advance against import bills (90 days) | 21.00% | |||
Advance against import bill above 90 days | 21%+ 3% DEFAULT RATE | |||
LC margin facility charge | 2.5% up on opening/utilization | |||
Deferred lc and cad | 8%/Q | 5%/Q | ||
Import letter of Credit Settlement Loan-Short Term (For six months) | 21.00% | Against pledge of the imported goods or any acceptable collateral | ||
Commission on Letter of Guarantee/Quarter(90days) | |||||
Collateral Type | Collateral | Commission rate based on the type of guarantees | |||
Bid Bond | suppliers guarantee | Advance payment &, Customs bond | Liquidation Damage/ | ||
CASH Deposited at AHB | >=100% | 0.25% | 0.25% | 0.25% | 0.25% |
>75%<100% | 0.75% | 1.25% | 1.00% | 0.75% | |
>50% ≤ 75% | >50% ≤ 75% | 1.50% | 1.25% | 1.00% | |
BUILDING and Cash Substitute | >=100% | 0.75% | 1.15% | 1.00% | |
>75%<100% | 1.00% | 1.60% | 1.35% | 1.25% | |
>50% ≤ 75% | 1.25% | 2.00% | 1.75% | 1.50% | |
Machinery | >=100% | 1.00% | 1.75% | 1.50% | 1.25% |
>75%<100% | 1.25% | 2.00% | 1.75% | 1.50% | |
>50% ≤ 75% | 1.50% | 2.25% | 2.00% | 1.75% | |
Clean/personal guarantee | <50% | 1.75% | 2.50% | 2.25% | 2% |
Amount Requested | Tariff (ETB) | Date of Application |
<=5,000,000 | 15,000 | Up on Request or |
>5,000,000 to <=10,000,000 | 25,000 | |
>10,000,000 to <= 20,000,000 | 35,000 | |
>ETB 20Million to <=ETB 40Million | 50,000 | |
>ETB 40Million to <= ETB 60 million | 75,000 | |
>ETB 60 million to <=ETB 80Million | 100,000 | |
>ETB 80Million | 125,000 | |
Commitment fee on loans approved but not partially disbursed | 2% on the undisbursed amount | After three months from the date of approval |
Approved loan Cancellation fee | ETB 10,000/case | upon cancellation request |
Premature payment fee | 3% | Before settlement |
Penalty on loans under NPL | 3% | When the loan is under NPL |
Late payment fee on loans in Special mention status | 3% | on installment amount being in arrears |
Loan reapproval, collateral change and release per collateral, renegotiation, foreclosure suspension fee | ETB 5000/ case | After approval |
Appeal on any Credit Decision | ETB 5,000/ case | Up on request |
Credit Information inquiry fee | NBE fee | Before generating CIC report |
Movable collateral registration fee | NBE fee + 400 Birr | Before registration on MCR |
Loan statement fee | 30 Birr/sheet | Up on delivery |
Stamp duty | Customs rate | before loan disbursement |
Revenue stamp | Customs rate | Before loan disbursement |
Type of Service | Type of Charge | Charge Rates for transactions: | ||
From FCY Accounts | From LCY Accounts | |||
Import Letter of Credit: | ||||
Issuance of Letter of Credit (L/C) | Opening Commission | 1.5% a min of USD 75.00 | 8% a min of Br5,000 | |
Confirmation Charge for Confirmed L/C for 90 days | 1.5% Min 75.00 | 3.5% a min of Br5,000 | ||
Service Charge for 90 days or part there of Confirmation Charge (if L/C is ‘Confirmed’) | 1.5% Min USD 75.00 | 3% a Min of Br5,000 | ||
SWIFT Charge [MT700-Full L/C Instrument] | USD 50/Message | Br 4,000/Message | ||
L/C Amendment | Extension of Letter of Credit Expiry Date after getting approval | Extension Charge [for 90 days or part thereof] | 5% Min USD 75.00 | 6% a min of Br5,000 |
Confirmation Charge (if L/C is ‘Confirmed’) | 1.5% Min USD 75.00 | 3.5% a Min of Br5,000 | ||
Amendment commission | USD 100.00 | Br 5,000.00 | ||
Service Charge[for 90 days or part thereof] | ||||
SWIFT Charge (to extend the expiry date) | USD 50/Message | Br 4,000/Message | ||
Increase in Amount Excess amount Settlement (Charges on overdrawn amount) after getting approval | Opening Commission(for the increased amount) | 1.5% a min of USD 75.00 | 8% a min of Br5,000 | |
Confirmation Charge (if L/C is ‘Confirmed’) | 1.5% Min USD 75.00 | 3.5% a min of Br5,000 | ||
Service Charge[for 90 days or part thereof] | 1.5% a min of USD 75.00 | 3% a min of Br5,000 | ||
Amendment commission | USD 50.00 | Br 5,000 | ||
SWIFT charge( to transfer the amendment) | USD 50/Message | Br 4,000/Message | ||
Other Amendments including decrease in amount | Amendment commission | USD 100.00 | Br 5,000 | |
SWIFT charge for amendment | USD 50/Message | Br 4,000/Message | ||
L/C Cancellation (Fully or Partially ) | Cancellation Fee | Free | Br 4,000 | |
SWIFT charge | USD 50/Message | Br 4,000/Message | ||
Service Charge on Unpaid Margin for L/C | Service Charge | 2.5% on unpaid Margin | ||
Guarantee issued under LC for copy document against 110% invoice value deposit. | Service Charge | Free | 0.5% min of Br3000 | |
Settlement of Letter of Credit | When documents are presented in ten days after the letter of credit has expired , but shipped within its validity date. | Service Charge | Free | Free |
Interest on Advance Import Bills | As per the Bank’s Credit Dept lending rate | |||
When documents are presented more than ten days after the letter of credit has expired, but shipped within its validity date. | Service Charge | Free | ||
When documents are presented after the letter of credit has expired , and the date of shipment is after the stipulated latest date of shipment . | Extension Commission [for 90 days or part thereof] | 2% Min USD 75.00 | 6% a min of Br5,000 | |
Confirmation Charge (if L/C is ‘Confirmed’) | 1.5% Min USD 75.00 | 3.5% a Min of Br5,000 | ||
When the presented documents are discrepant, discrepancy fee shall be deducted from the transferred document amount. | Discrepancy Fee | USD 75.00 | USD 75.00 | |
SWIFT Charge to transfer all payment instruction. | SWIFT charge | USD 50/Message | Br 4000/Message | |
Exchange Commission payable to NBE | Exchange Commission | Free | 2.50% | |
Type of Service | Type of Charge | Charge Rates for transactions: | ||
From FCY Accounts | From LCY Accounts | |||
Purchase Order (PO) Approval | Service Charge up on Approval [for 90 days or part thereof] | 1.5% Min USD 75.00 | 5.5% Min Br 5,000 | |
If PO is approved at margin/for manufacturing sector/applicable on every quarter /90/ outstanding PO value. | Service Charge | 2.5% on unpaid Margin | ||
Purchase Order Amendment | All types of amendment except for amount amendment. | Amendment commission | USD 15 | Br 2,000 |
Increase in PO amount /after getting foreign currency approval / | Service charge /on increase amount/ | 3%; | 5.5%; | |
Decrease purchase order amount. | Any charge | Free | Free | |
Purchase Order Extension/after getting approval/ | Service Charge [for 90 days or part thereof] | 3% Min USD 75 | 5.50% | |
Cancellation of PO | Cancellation fee | Free | Free | |
Settlement of Inward bill | Inward bill for collection/IBC/ or Cash against document /CAD/ Settlement | Exchange Commission | Free | 2.50% |
Service Charge | 1.5% Min USD 300.- | 5.5% Min Br 5,000 | ||
SWIFT Charge /for payment transfer/ | USD 50/Message | Br 4,000/Message | ||
Presentation of IBC document is in ten days from the expiry date of purchase order, but shipped within its validity date. | Service charge | Free | Free | |
Presentation of IBC document is more than ten days later, from the expiry date of purchase order, but shipped within its validity date. | Service charge | 1%;min USD 75.00 | 2% Min 5,000 | |
Presentation of IBC document and shipment date is late after the expiry date of purchase order per each period /90 days/ | Service charge | 2% Min USD 75.00 | 5.5% Min. Br 5,000 | |
PO partial utilization penalty | ||||
1st Partial | Free | Free | ||
2nd Partial | Free | 2.50% | ||
3rd Partial | Free | 5.00% | ||
4th Partial | Free | 7.50% | ||
5th Partial | Free | 10.00% | ||
Type of Service | Type of Charge | Charge Rates for transactions: | ||
From FCY Accounts | From LCY Accounts | |||
Outgoing Transfers (OTT) for Import of Materials | Exchange Commission | Free | 2.50% | |
Service Charge | 5% Min USD 75.00 | 12% Min Br 5,000 | ||
SWIFT Charge | USD 50/Message | Br 4,000/Message | ||
SWIFT Enquiry/Investigation Charge | USD 50/Message | Br 4,000/Message | ||
Outgoing Transfers (OTTis) for Invisible Transactions | Exchange Commission | Free | 2.50% | |
Service Charge | 5% Min USD 50.00 | 12% Min Br 5,000 | ||
SWIFT Charge | USD 50/Message | Br 4,000/Message | ||
Amendment Fee [up on customer’s request] | USD 50.00 | Br 5,000 | ||
Cancellation/Replacement of Draft | USD 10 | Br 1000.00 | ||
SWIFT Enquiry/Investigation Charge | USD 15/page | Br 1000.00/page | ||
Staff members | Exchange Commission | Free | 2.5% | |
Service Charge | Free | Free | ||
Replacement /cancellation | Free | Free | ||
SWIFT Charge | USD 50/Message | Br 4,000/Message | ||
FCY cash note sales: Cash sales for customers | Service charge for the Bank | 6% | 11% | |
Cash sales for customers | 2% | 5% | ||
Cash sales for staff members for personal travel | Free | Free | ||
Freight Collection on behalf of Ethiopian Shipping & Logistics Services Enterprises: | ||||
Freight collection to ESL in Foreign Currency | Exchange Commission | Free | 2.5% | |
Service Charge | 4% Min USD 75 | 8% min of Br5,000 | ||
Freight collection to ESL in Local Currency | Service Charge | Free | Free | |
Export Products and Services | ||||
Export – L/C | Direct LC advising | Free | Free | |
Advising charge to receive LC SWIFT message from another Bank. | As per the receiving local Bank tariff | |||
Service charge for advising Export L/C to another local bank. | Free | Br 4000 | ||
Amendment commission | Free | Free | ||
Extension Commission | Free | Free | ||
Cancellation commission | Free | Free | ||
Negotiation of LC Documents | Courier Charge/Postage Charge | As per the courier company term and tariff | As per the courier company term and tariff | |
Export – CAD | ||||
Export – Advance Payment | All commission and charges | Free | Free | |
Export – Consignment | All commission and charges | Free | Free | |
Incoming Transfers (ITTs): | All commission and charges | Free | Free | |
Debit authorization for wrong transfers before being credited to Beneficiary’s account | Processing Fee/Service charge | USD 50.00 | USD 50.00 | |
Return/Repatriation of wrong transfer after realization of the transfer [after funds are credited to Beneficiary’s account] | Processing Fee/Service charge | USD 50.00 | USD 50.00 | |
Small Items Export | small export items permit issued for:- for souvenirs, household goods, gift , repair, replacement | Processing Fee/Service charge | 1% Min USD 75.00 | 2% Min of Br3000 |
small export items permit issued for sample of export items, exhibition and trade fair | Processing Fee/Service charge | Free | Free | |
Type of Service | From FCY Accounts | From LCY Accounts |
SWIFT messages (other than those mentioned under the above section | Br 4,000 | Br 4,000 Br 2000 |
Discrepancy charge for export transactions | Actual amount requested by the correspondent bank | |
Photo Copy [for active transactions) | Br.1000 | |
Custody Fee for unpaid Import Documents held in Custody after 30 days | Free | Free |
Custody Fee for unpaid Import Documents held in Custody after 30 days | USD 50.00/Month | Br 4,000/one month |
Document Copy Request [from file] | ||
Current Period(Within a year ) | Br 20.00/Page | |
Non-Current Period (after a year) | Br 50.00/Page | |
Correspondent Bank Charge [incurred in the course of handling customer transactions] | Actual amount requested by the correspondent bank | |
Foreign exchange request registration fee-payable to NBE | Free | Br 100/registration |
FCY Account Statement Delivery by SWIFT | USD100/month | |
Confirmation Letter to various government offices | USD 10/letter | Br 500/letter |
Cheque issuance | FCY Account NR/NT Account | USD 1/25 leaves , USD 2/50 leaves, USD 3/100 leaves |
Note: I. Exchange Commission shall not be collected for transactions from Foreign Currency Accounts. | ||
Note: II. For import transactions and payments, selling rates shall be applied for determination of fees and settlement amounts in Birr. | ||
Note: III. For export transactions, buying rate shall be applied | ||
Note: IV. During settlement of Import Doc. when the currency is other than USD the bank shall choose the better exchange rate from opening and settlement at the time of settlement. | ||
Note: IV. All charges collected from a customer shall not be refunded once it has been received. | ||