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Bank Charges in Ghana: Full Survey of Bank Charges – 2021

May 3, 2022
Bank Charges in Ghana -Full Survey of Bank Charges – 2021

How much bank charges do customers pay in Ghana? How much are you paying your bank for their services? This post is a complete datasheet of service fees in Ghana's banking sector. You can use this information to determine which banks have the best individual, SME, savings, or current accounts.

The data was published by the  in The first quarter of 2021 for the information of Banks and the general public to promote transparency in the provision of banking services in Ghana. All data were provided to the Bank of Ghana by the banks.

Abbreviations:

  • NEGO – Negotiable
  • P.MILLE/M or p.mille/m – Per Mille or Per Month
  • P/A – Per Annum
  • P/I – Per Instruction
  • P/M or p/m – Per Month
  • P/Q or p/q – Per Quarter
  • PUAO – Payable Upon Acceptance Of Offer
  • PUPO – Payable Upon Presentation Of Offer
  • RET. – Retail Account
  • S/C – Swift Charges
  • S/A – Savings Account
  • WTIAOA – When There Is Activity On Account
  • SCH. – School
  • AB. – Above
  • IND – Individual
  • C/A – Current Account
  • L/A – Loan Amount
  • COR – Corporate
  • LC – Letters Of Credit
  • CUR. UNITS – Currency Units
  • MAX – Maximum
  • EUR – Euro
  • MIN – Minimum
  • EX – External
  • N/A – Not Applicable
  • FEA – Foreign Exchange Account
  • FCA – Foreign Currency Account
  • FV – Face Value
  • SME – Small And Medium-Scale Enterprise
  • GBP – Pound Sterling
  • STA. – Statement
  • GH¢ – Ghana Cedis
  • TDT – Total Debit Turnover
  • IN – Internal
  • USD –  Dollars

Initial Deposit Required (IDR) and Minimum Operating Balance (MOB) for Current Accounts

This table gives you the Initial Deposit Required (IDR) and Minimum Operating Balance (MOB) for current account holders of banks in Ghana. The figures are for individual bank accounts, SME bank accounts, and corporate bank accounts.

This table gives you the best banks in Ghana based on Initial Deposit Required (IDR) and Minimum Operating Balance (MOB) for current account holders of banks in Ghana.

BankIDR: IndividualIDR: SMEIDR: CorporateMOB: IndividualMOB: SMEMOB: Corporate
Absa BankGH¢50N/AN/AN/AN/AN/A
GH¢20GH¢100GH¢50NILGH¢ 1000NIL
Agricultural Development BankGH¢ 100GH¢ 100GH¢ 100GH¢ 20GH¢ 20GH¢ 20
Bank of AfricaGH¢50GH¢100GH¢100GH¢30GH¢30GH¢30
CAL BankGH¢10GH¢100GH¢250NILNILNIL
Consolidated BankGH¢ 50GH¢ 100GH¢ 200NILNILNIL
EcobankGH¢10N/AGH¢100NILNILNIL
GH¢50GH¢100GH¢100NILNILNIL
GH¢50GH¢100GH¢100NILNILNIL
First Atlantic BankNILNILNILNILNILNIL
First National BankGH¢50/GH¢100GH¢100GH¢100NILNILNIL
GCB BankGH¢ 50GH¢300GH¢500NILNILNIL
Guaranty Trust BankNILNILNILNILNILNIL
National Investment BankGH¢50GH¢100GH¢100NILNILNIL
OmniBSIC BankGH¢50GH¢100GH¢500NILNILNIL
Prudential BankGH¢20GH¢100GH¢100NILNILNIL
Republic BankGH¢50GH¢100GH¢100N/AN/AN/A
Societe GeneraleGH¢ 50NILNILNILNILNIL
GH¢100GH¢200GH¢200N/AN/AN/A
BankGH¢100GH¢4000GH¢1000NILGH¢2000NIL
United Bank for AfricaGH¢50GH¢50GH¢100NILNILNIL
Universal Merchant BankGH¢50GH¢100GH¢100N/AN/AN/A
GH¢50GH¢100GH¢100NILNILNIL
Initial Deposit Required (IDR) and Minimum Operating Balance (MOB) for Current Accounts

Initial Deposit Required, Minimum Operating Balance for Savings Accounts

This table gives you the Initial Deposit Required and Minimum Operating Balance for savings account holders of banks in Ghana.

This table gives you the best banks in Ghana based on the Initial Deposit Required and Minimum Operating Balance for savings account holders.

BankInitial Deposit RequiredMinimum Operating Balance
GH¢50GH¢50
Access BankGH¢10GH¢10
Agricultural Development BankGH¢ 50GH¢ 20
Bank of AfricaGH¢50GH¢30
CAL BankGH¢10GH¢10
Consolidated BankGH¢ 50GH¢ 20
EcobankGH¢50GH¢30
FBN BankGH¢20GH¢10
Fidelity BankGH¢50GH¢50
First Atlantic BankGH¢20GH¢ 0
First National BankGH¢20GH¢50
GCB BankGH¢ 80GH¢ 50
Guaranty Trust BankGH¢ 0GH¢ 0
National Investment BankGH¢50GH¢50
OmniBSIC BankGH¢ 50GH¢ 10
Prudential BankGH¢20GH¢20
Republic BankGH¢50GH¢50
Societe GeneraleGH¢100GH¢50
Stanbic BankGH¢ 100GH¢ 100
Standard Chartered BankGH¢100GH¢100
United Bank for AfricaGH¢20GH¢20
Universal Merchant BankGH¢50GH30
Zenith BankGH¢50GH¢ 0
Initial Deposit Required, Minimum Operating Balance for Savings Accounts

Current Account Charges: E-banking Products and Services Charges

The following table gives the current account charges of banks in Ghana for E-banking products and service charges. The table has details of the best banks in Ghana based on mobile banking fees, SMS alert charges, Email Alerts, and internet banking fees.

BankMobile BankingMobile BankingEmail AlertsInternet Banking
BankMobile BankingSMS AlertsEmail AlertsInternet banking
Absa BankNILGH¢1.5 p/mNILNIL
Agricultural Development BankGH¢1 p/mGH¢1 p/mGH¢1 p/mGH¢1 p/m
CAL BankNILNILNILNIL (Ind.), GH¢ 5 p/m (SME,Cor)
Consolidated BankNILNILNILNIL
FBN BankNILGH¢0.15p/alertNILGH¢60 one-off payment for a token (GH¢0 thereafter)
Fidelity BankNILNILNILNIL
First Atlantic BankGH¢1 p/mGH¢2 p/m (Ind)NIL (Ind)GH¢1 p/m (Ind)
First National BankNILGH¢ 0.25/GH¢ 0.30 per alert (for third-party notification)GH¢ 0.15/GH¢ 0.50 per alert (for third-party notification)NIL
GCB BankGH¢10p/m (Cor)NILNILNIL
OmniBSIC BankNILNILNILNIL
Societe GeneraleNILNILNILNIL
Stanbic BankNILNILNILNIL
Standard Chartered BankNILNILNILNIL
Zenith BankNILGH¢1 p/mNILNIL
Current Account Charges: E-banking Products and Services Charges

Banks with bundle charges for Mobile Banking, SMS alerts, Email alerts, & Internet Banking

The following table gives you a list of banks with bundle charges for Mobile Banking, SMS alerts, Email alerts, & Internet Banking by banks in Ghana.

Note that First Atlantic Bank has a bundle charge only for their corporate account holders, and GCB Bank also has a bundle charge only for their account holders.

BankBundle charge
Access BankGH¢3 – GH¢5p/m
Bank of AfricaGH¢3 p/m
Consolidated BankGH¢ 5.00 – GH¢ 10.00 p/m,
SMS/ E-Alerts & USSD Mobile Banking Only: GH¢ 2.00 p/m
EcobankGH¢5p/m
First Atlantic BankGH¢10 p/m (corporate)
GCB BankGH¢5 p/m (individual)
Guaranty Trust BankGH¢2 p/m
National Investment BankGH¢4 p/m
OmniBSICGH¢2 p/m
Prudential BankGH¢ 5p/m (individual),
GH¢ 10p/m (corporate)
Republic BankGH¢3p/m (individual)
United Bank for AfricaGH¢3p/m
Universal Merchant BankGH¢5p/m
Banks with bundle charges for Mobile Banking, SMS alerts, Email alerts, & Internet Banking

Savings account: E-banking Products and Services Fees

This is how much banks in Ghana charge savings account holders for E-banking products and service charges. The following table has details of the best banks in Ghana based on mobile banking fees, SMS alert charges, Email Alerts, and internet banking fees.

BankMobile BankingSMS AlertsEmail AlertsInternet banking
Absa BankNILGH¢1.5 p/mNILNIL
Agricultural Development BankGH¢1 p/mGH¢1 p/mGH¢1 p/mGH¢1 p/m
CAL BankNILNILNILNIL
FBN BankNILGH¢0.15p/alertNILGH¢60 one-off payment for
token (GH¢0 after)
Fidelity BankNILNILNILNIL
First Atlantic BankGH¢ 1 p/mGH¢ 2 p/mNILGH¢ 1 p/m
First National BankNILGH¢ 0.25 per alert(for third-
party notification)
GH¢ 0.15 per alert(for third-
party notification)
NIL
Societe GeneraleNILNILNILNIL
Stanbic BankNILNILNILNIL
Standard Chartered BankNILNILNILNIL
Zenith BankNILGH¢1 p/mNILNIL
Savings account: E-banking Products and Services Fees

Current Account Charges: Commission on Turnover (COT)

Best banks in Ghana based on Commission on turnover (COT) charged to current account holders

BankCommission on Turnover: IndividualsCommission on Turnover: SMEsCommission on Turnover: Corporate
Absa BankN/ASME -Gh¢30 flat p/m1.4-1.8 p.mille/m (Min GH¢50.00)
Access BankGH¢2 p.mille/mGH¢2 p.mille/mGH¢2 p.mille/m
Agricultural Development BankN/AN/AN/A
Bank of AfricaGH¢12 p/mGH¢40 p/mGH¢150 p/m
CAL BankN/AN/AN/A
Consolidated BankN/AN/AN/A
EcobankGH¢10N/AN/A
FBN BankGH¢10 flatGH¢50 flatGH¢100 flat
Fidelity BankN/AN/A1.5 p.mille/m (GH¢ 50-GH¢ 250)
First Atlantic BankGH¢1.5 p.mille/mGH¢1.5 p.mille/mGH¢1.5 p.mille/m
First National BankNILNILNIL
GCB BankGH¢1.8p.mille/m (Min. GH¢10)GH¢1.0 p.mille/m (Min: GH¢50)GH¢1.8p.mille/m (Min GH¢100)
Guaranty Trust BankGH¢1.5 p. mille/mGH¢1.5 p.mille/mGH¢1.5 p.mille/m
National Investment BankN/AGH¢48 – GH¢244GH¢48 – GH¢244
OmniBSIC BankNILNILNIL
Prudential BankGH¢10-GH¢100 p/mGH¢1.8p/m(max GH¢750 p/m)GH¢1.8p/m(max GH¢750 p/m)
Republic BankN/AN/AN/A
Societe GeneraleNIL0.15% P/M (min. GH¢ 35)0.15% P/M (min. GH¢ 100- max GH¢6000)
Stanbic BankN/AN/AN/A
Standard Chartered BankNILNILNIL
United Bank for AfricaGH¢5-GH¢200p/m1.5p.mille/m (min GH¢20- max GH¢50000)1.5p.mille/m (min GH¢20- max GH¢50000)
Universal Merchant BankN/AN/AN/A
Zenith BankGH¢ 1 p.mille/m, Min.GH¢ 2, Max GH¢101.5 p.mille/m, GH¢10-GH¢50001.5 p.mille/m, GH¢10-GH¢5000
Current Account Charges: Commission on Turnover (COT)

Monthly Service Charges for Current Accounts

The table below gives you the best banks in Ghana based on current account service charges per month for individual bank accounts, SME bank accounts, and corporate bank accounts.

BankService Charge:
Individual
Service Charge: SMEService Charge: Corporate
Absa BankGH¢12 – GH¢27.5Gh¢30 flatN/A
Access BankGH¢ 5N/AN/A
Agricultural Development BankGH¢10GH¢100GH¢1,000
Bank of AfricaNILNILNIL
CAL BankGH¢5GH¢30GH¢100
Consolidated BankGH¢ 10.00GH¢20-GH¢60GH¢ 110.00
EcobankGH¢10.00GH¢48.00GH¢48-GH¢200
FBN BankNILNILNIL
Fidelity BankGH¢12GH¢30 – GH¢200N/A
First Atlantic BankN/AN/AN/A
First National BankGH¢20-GH¢30GH¢30GH¢40-GH¢100
GCB BankNILNILNIL
Guaranty Trust BankNILNILNIL
National Investment BankGH¢ 8.00 flat (WTIAOA)NILNIL
OmniBSIC BankGH¢15.00GH¢35.00GH¢100
Prudential BankN/AN/AN/A
Republic BankGH¢10GH¢20 – GH¢1000GH¢20- GH¢1000
Societe GeneraleGH¢15N/AN/A
Stanbic BankGH¢5- GH¢75GH¢62GH¢35-GH¢500 (0.18% of TDT)
Standard Chartered BankGH¢20 flatGH¢60 flat – GH¢300 flatGH¢60 flat – GH¢300 flat
United Bank for AfricaNILNILNIL
Universal Merchant BankGH¢15GH¢60GH¢150-GH¢500
Zenith BankN/AN/AN/A
Monthly Service Charges for Current Accounts

Cost of Cheque and Savings Withdrawal Booklets

This table gives you the cost of 25 and 50 leaflets cheque and savings withdrawal booklets for personal and corporate accounts.

BankPersonal account: 25 leafletsPersonal account: 50 leafletsCorporate account: 50 leafletsCorporate account: 50 leaflets
Absa BankGH¢10GH¢20GH¢20GH¢40
Access BankN/AGH¢15N/AGH¢30
Agricultural Development BankGH¢12GH¢ 20GH¢25N/A
Bank of AfricaGH¢10N/AGH¢15N/A
CAL BankN/AGH¢15GH¢20N/A
Consolidated BankN/AGH¢15N/AGH¢30
EcobankGH¢ 10N/AGH¢12N/A
FBN BankGH¢7GH¢14GH¢10GH¢15
Fidelity BankGH¢10GH¢20GH¢20GH¢30
First Atlantic BankN/AGH¢15N/AGH¢30
First National BankGH¢15N/AGH¢25N/A
GCB BankGH¢12N/AGH¢22GH¢40
Guaranty Trust BankN/AGH¢15N/AGH¢30
National Investment BankGH¢10 (S/A); GH¢12 (C/A)GH¢20(C/A)GH¢20GH¢40
OmniBSIC BankGH¢10GH¢20GH¢15GH¢30
Prudential BankGH¢15 (S/A); GH¢15 (C/A)GH¢25 (S/A); GH¢25(C/A)GH¢25GH¢50
Republic BankGH¢10GH¢20GH¢20GH¢25
Societe GeneraleN/AGH¢ 20N/AGH¢30
Stanbic BankN/AGH¢25N/AGH¢50
Standard Chartered BankN/AGH¢25GH¢25GH¢30/GH¢50
United Bank for AfricaN/AGH¢15N/AGH¢30
Universal Merchant BankGH¢10GH¢15GH¢20GH¢25
Zenith BankGH¢8GH¢12GH¢12GH¢20
Cost of Cheque and Savings Withdrawal Booklets

Bank Statement Fees

The following table gives you the bank statement fees charged by bank banks in Ghana. The figures give the regular monthly bank statement charge, per sheet charges for duplicate statements, and the per sheet charge for screen printed statements.

BankMonthly Statement
(Regular)
Duplicate Statement
(Per sheet)
Screen Printed(Per sheet)
Absa BankN/AGH¢2 – GH¢4GH¢1
Access BankNILGH¢5 per pageGH¢5 per page
Agricultural Development BankNILGH¢2 per sheetNIL
Bank of AfricaNILGH¢7 Per SheetN/A
CAL BankNILGH¢5 (regular), GH¢10 (Visa)NA
Consolidated BankN/AGH¢ 5.00 (Visa)GH¢ 2.00
EcobankNILGH¢3 per sheet (Max GH¢ 100)N/A
FBN BankNILGH¢3 per pageN/A
Fidelity BankNILGH¢3 per sheet,
GH¢6 per sheet (official)
GH¢3 per sheet
First Atlantic BankNILGH¢2 (sta. within a year),
GH¢5 (sta. covering a year & above)
NIL
First National BankNILGH¢3 (Retail),
GH¢5(Business)
GH¢3 (Retail)/
GH¢5 (Business)
GCB BankNILGH¢6.00 per pageN/A
Guaranty Trust BankNILGH¢5 .00NIL
National Investment BankGH¢3.00GH¢3.00N/A
OmniBSIC BankNILGH¢2 per sheetGH¢ 1 per sheet
Prudential BankNILGH¢4N/A
Republic BankNILGH¢3-GH¢50 (unofficial),
GH¢5-GH¢50 (official use)
GH¢3/page (unofficial),
GH¢5/page (official)
Societe GeneraleN/AGH¢15- GH¢50N/A
Stanbic BankNILGH¢5GH¢5
Standard Chartered BankGH¢ 5 per sheetGH¢5 per sheetGH¢5 per sheet
United Bank for AfricaNILGH¢10 per sheetGH¢10 per sheet
Universal Merchant BankGH¢ 5 per requestGH¢ 5 per requestGH¢ 5 per request
Zenith BankNILGH¢ 1.5 per sheetNIL
Bank Statement Fees

Bank Draft Fees

The following table gives you the bank draft fees charged by banks in Ghana to customers and non-customers.

BankBank Draft fees (Customer)Bank Draft fees (Non-customer)
Absa BankRegular GH¢25, Sch. fees GH¢10N/A
Access Bank0.5% of F.V (GH¢5-GH¢25)0.5% of F.V (GH¢5-GH¢50),
Sch. Fees: GH¢5
Agricultural Development Bank0.5% of F.V, GH¢5-GH¢300.5% of FV, GH¢5-GH¢30
Bank of Africa0.75% (GH¢8-GH ¢20)1.50% (GH¢ 10.00 min/ GH ¢ 25.00 max)
CAL Bank0.25% (GH¢2.20-GH¢11)0.25% (GH¢3.30-GH¢11)
Consolidated Bank0.25% of F.V (GH¢10 – GH¢25)0.5% of F.V (GH¢15-GH¢30),
Student: GH¢10
Ecobank0.25% of F.V. (GH¢5 – GH¢15)0.25% of F.V, (GH¢5- GH¢15)
FBN Bank0.5% FV, (GH¢5-GH¢20)0.5% FV, (GH¢5-GH¢20)
Fidelity Bank0.25% of F.V, (GH¢ 12-GH¢ 30)0.25% of F.V, (GH¢20-GH¢ 50)
First Atlantic Bank0.25% of F.V, (GH¢8 – GH¢20)Exam or Sch. Fees – GH¢5,
0.5% of F.V, (GH¢10-GH¢25)
First National BankGH¢10N/A
GCB Bank0.25% (GH¢10-GH¢75)0.50% (GH¢ 20.00 – GH¢75)
Guaranty Trust BankGH¢8-GH¢20; GH¢5 (Sch. fees)N/A
National Investment Bank0.25% F.V (GH¢10 – GH¢75)0.50% F.V (GH¢20 – GH¢150),
GH¢5 (Sch. fees)
OmniBSIC BankGH¢20, GH¢ 5 (Sch. fees)GH¢20, GH¢ 5 (Sch. fees)
Prudential BankSingle:0.25% of F.V (GH¢12-GH¢50)Single:0.50% of F.V (GH¢20-GH¢50)
Republic Bank0.25% of FV, GH¢5-GH¢1000.25% of F.V, GH¢10-GH¢100
Societe GeneraleGH¢250.30%, Min GH¢30 – Max GH¢75 (corporate accounts)
Stanbic BankPersonal: GH¢25,
Business: GH¢15,
Exams or Sch. Fee: GH¢10
Personal: GH¢35,
Business: GH¢25,
Exams or Sch. Fee: GH¢10
Standard Chartered Bank0.25% of value,
Min GH¢ 20-Max GH¢ 50/
Sch. or Exam fees: GH¢10 Flat
N/A
United Bank for Africa0.25% of F.V, (GH¢3-GH¢15)0.5% of transaction amount. (GH¢5-GH¢20)
Universal Merchant BankGH¢ 5-GH¢ 25N/A
Zenith Bank0.25% of F.V, (GH¢ 7.5 -GH¢15)0.25% of F.V, (GH¢10-GH¢25)
Bank Draft Fees

Bank Charges on Stopped Cheques, Express Clearing and Standard Clearing

The following table gives you the charges of banks in Ghana on stopped cheques, express clearing, and standard clearing.

BankCheques: StoppedCheques: Express clearingCheques: Standard clearing
Absa BankGh¢10 P/IGH¢ 50.00 flat (USD25, EUR25, GBP20)NIL
Access BankGH¢10GH¢ 40 FlatNIL
Agricultural Development BankGH¢10 per leafGH¢ 50 flatNIL
Bank of AfricaGH¢30GH¢50NIL
CAL BankGH¢11 per chequeGH¢30 (for ≤ GH¢5000), GH¢70 (for >GH¢5000)GH¢5 – GH¢10
Consolidated BankGH¢ 20.00GH¢ 40.00NIL
EcobankGH¢5.00GH¢25(≤ GH¢ 5000), GH¢50(> GH¢ 5000)NIL
FBN BankGH¢200.25% of FV, min GH¢25 – max GH¢70NIL
Fidelity BankGH¢10GH¢50,NIL
First Atlantic BankGH¢7.5GH¢30NIL
First National BankGH¢10 / GH¢30GH¢50NIL
GCB BankGH¢ 25GH¢60.00 flatNIL
Guaranty Trust BankGH¢10.000.25% of FV, (GH¢20-GH¢50)NIL
National Investment BankGH¢500.25% of FV(GH¢50 – GH¢100)
OmniBSIC BankGH¢10 per chequeGH¢35NIL
Prudential BankGH¢40GH¢50 flatNIL
Republic BankGH¢200.25% of F.V., min GH¢20 – max GH¢50NIL
Societe GeneraleGH¢ 25GH¢50 flatNIL
Stanbic BankGH¢30GH¢60N/A
Standard Chartered BankGH¢20(individual), GH¢25(corporate)GH¢50 Flat (General Banking services)/
USD10/EUR8/GBP6/ (Foreign Currency),
GH¢60 Flat (Business banking)
NIL
United Bank for AfricaGH¢10NIL (GH¢20000 and above); 0.50%- min GH¢30;
max GH¢50 (Below GH¢20000)
NIL
Universal Merchant BankGH¢10-GH¢100GH¢10- GH¢50N/A
Zenith BankGH¢ 60.25% of F.V, (GH¢25-GH¢100)NIL
Bank Charges on Stopped Cheques, Express Clearing and Standard Clearing

Lending fees: Commitment fees

This table commits fees charged to lenders by banks in Ghana

BankCommitment fee: RetailCommitment fee: Corporate
Absa BankN/A0.25%
Access Bank0.25% – 2%0.25% – 2%
Agricultural Development BankNILNIL
Bank of Africa1.50%1.50%
CAL BankN/AN/A
Consolidated BankN/AN/A
Ecobank1.25% (Facility Fees)0.75% of L/A
FBN Bank1% F.V1% F.V
Fidelity BankNILNIL
First Atlantic BankNILNIL
First National BankN/AN/A
GCB BankN/A0.75%
Guaranty Trust Bank0.75% – 2.0%0.25% – 0.75%
National Investment Bank1.50%1.50%
OmniBSIC BankNILNIL
Prudential BankN/AN/A
Republic BankN/AN/A
Societe GeneraleNILNIL
Stanbic BankN/AN/A
Standard Chartered BankN/AN/A
United Bank for Africa0% – 2%0% – 2%
Universal Merchant BankN/AN/A
Zenith BankN/AN/A
Lending fees: Commitment fees

Lending fees: Processing and Arrangement Fees

The following table gives the processing/ establishment and arrangement fees charged by banks in Ghana from lenders

BankProcessing/Establishment
fee: Retail
Processing/Establishment
fee: Corporate
Arrangement fee: RetailArrangement fee: Corporate
Absa BankN/AN/A2.5% – 3%0.25% – 1.00%
Access Bank0.25% – 2%0.25% – 2%0.25%-2%0.25%-2%
Agricultural Development Bank2% (Nego.)2% (Nego.)NILNIL
Bank of Africa1.50%1.50%NILNIL
CAL Bank1.5% of L/A1.00%1.5% of L/A1.00%
Consolidated BankN/AN/AN/AN/A
Ecobank1.25% L/A1% of L/AN/A0.25% -0.60% of the loan amount
FBN Bank1.50% FV1.50% FVNILNIL
Fidelity Bank1% – 2%0.5% – 2%0.75% -2.0%0.25%-1.5%
First Atlantic Bank1.5%-2%0.5%-2%NILNIL
First National BankN/AN/AN/AN/A
GCB Bank1.0% (Min. GH¢50)1 % (min. GH¢1,000)N/A0.50%
Guaranty Trust Bank0.5% – 1.0%0.25% – 1.5%0.75% – 2.0%0.25% – 1.5%
National Investment Bank1.50%1.50%N/AN/A
OmniBSIC Bank1% – 5%2.50%NIL1.5% flat (Negotiable.)
Prudential Bank0.5%-2%0.5%-2%0.25%-1%0.25%-1%
Republic Bank1.5% of L/A1.5% of L/AN/AN/A
Societe Generale2.50%1.0% flat, (Min. GH¢200) (cor.),
SME:1.5%
N/A1.0% flat, (Min. GH¢200)
Stanbic Bank1.5% of F.V (min. GH¢50)0.50%1% of F.V, (min GH¢50)2.00%
Standard Chartered BankN/AN/A1% – 2.5%1% – 2.5%
United Bank for Africa0% – 2%0% – 2%0% – 2%0% – 2%
Universal Merchant Bank1.5% – 2.5% (PUPO)0.5% – 1% (PUPO)N/AN/A
Zenith Bank0.5-2%0.5-2%0.5-1.5%0.5-1.5%
Lending fees: Processing and Arrangement Fees

Lending Fees: Facility and Insurance Fees

The following table gives the facility and insurance fees charged by banks in Ghana to corporate and retail lenders.

BankFacility Fee: RetailFacility Fee: CorporateInsurance Fee: RetailInsurance Fee: Corporate
Absa BankN/A0.25% – 1.00%1.35% for credit life1.1% for SME
Access Bank0.25% – 2%0.25% – 2%0.75% (N/A cash backed)Nego. (Not cash-backed)
Agricultural Development BankNILNIL1.00%NIL
Bank of AfricaNILNIL1.58%NIL
CAL Bank1% flat1% flat0.70-2.25%N/A
Consolidated Bank2% (min. GH¢50)2% flat1%N/A
Ecobank3% (Flat per annum)0.25%-1.25% of the face value2.25%N/A
FBN BankNILNIL1%N/A
Fidelity Bank1.5% – 2%0.3%-2%1% – 1.86% for 5 years facility
tenor
N/A
First Atlantic Bank1.5%-2%0.5%-2%1%NIL
First National Bank2.50%0.75% – 2.5%1.5%-2.4%N/A
GCB Bank2% (Min. GH¢60)1% (min GH¢1,000)2.0% (Min. GH¢50)N/A
Guaranty Trust Bank0.75% – 1%0.25% – 1.5%0.8% – 2.0% of facility (Max
Advance only)
N/A
National Investment Bank1.50%1.50%0.65%-2.25%0.65%-2.25%
OmniBSIC BankNILNIL1.5% – 4.0% flat per facility1.0% flat per facility
Prudential Bank0.25%-0.5%0.25%-0.5%0.3%-0.90%N/A
Republic Bank1.50% of L/A1.50% of L/A1.2%(all retail loans)Depends on the type of loan
Societe Generale2% P/A, (Min. GH¢200)2% P/A, (Min. GH¢200)1.17%-1.50%NIL
Stanbic Bank1% of F.V, (min.GH¢50)2.00%1.6% of L/A (all retail loans)NIL
Standard Chartered BankN/AN/AN/AN/A
United Bank for Africa0% – 2%0% – 2%1.5%(Consumer loans)NA
Universal Merchant Bank1.5% – 3.0% (PUAO)1.75 – 2.5% (PUAO)1% flat on Personal LoanNIL
Zenith Bank1%, min. GH¢501%, min GH¢50N/AN/A
Lending Fees: Facility and Insurance Fees

Overdraft Processing & Guarantee Commissions

The following table gives the overdraft processing fees and guarantee, mobilization, performance bond, and bid security commissions charged per quarter by banks in Ghana to their customers.

BankOverdraft Processing FeeGuarantee/Mobilization/Performance Bond/Bid Security Commissions (per quarter)
Absa BankN/A1% per quarter (Min GH¢500)
Access Bank0.25% – 2%0.20% – 2%
Agricultural Development Bank2% (Negotiable)2.00%
Bank of Africa3.00%2.00%
CAL Bank3% (Retail), 2% (corporate)0.5% P/Q on the amount (retail),
0.25% P/Q (corporate)
Consolidated Bank2% (Facility Fee)0.25% p/q
Ecobank1.25%2% Processing Fee/
3% Max Issuance Fee
FBN Bank1.5% FV2% FV (nego.)
Fidelity BankUp to 2% of the amount1% p/q
First Atlantic BankNIL0.5% (Minimum)
First National Bank2.5%(retail), 0.75% – 2.5% (Corporate)1% P/Q or part thereof
(Min USD 75)
GCB Bank1% (min GH¢1,000)1.25% p/q
Guaranty Trust Bank0.75% – 2%0.25% – 0.75%
National Investment Bank1.50%4.0/4.0/4.0/2.0% Flat
OmniBSIC BankNIL3% flat (negotiable)
Prudential Bank0.25% – 2%0.25% – 2%
Republic Bank1.5% of L/A1% per quarter
Societe Generale1.0% flat, Min GH¢200 (Corporate), 2.5%, Min. GH¢30 (Retail)0.75 – 2% p/q, Min GH¢500 (Facility fee),
1.5% flat, Min GH¢500 (Processing fee),
1% of the amount, Min GH¢500 (Temporary Excess)
Stanbic Bank2%0.75%- 1.00% (min GH¢ 50)
Standard Chartered BankN/ACommission charged upfront at 1% per quarter,
Subject to a min of GH¢ 500
United Bank for Africa0% – 2%0% – 2%
Universal Merchant Bank0.5 – 1.0% (PUAO)1%per quarter
Zenith Bank1%, (min. GH¢50)0.5% – 3%
Overdraft Processing & Guarantee Commissions

ATM Fees

The following table gives the monthly or quarterly ATM fees charged by banks in Ghana. the figures include ATM issuing fees, ATM cash withdrawal fees, and ATM Card maintenance fees

BankATM IssuingATM cash withdrawal
(At bank’s ATM)
ATM Card Maintenance fee (Per Month or Per Quarter)
Absa BankGH¢ 20 / GH¢ 50NILGH¢4/GH¢5 p/m
Access BankGH¢10(Gh-Link), GH¢20.00(Visa debit)
GH¢10(Visa Prepaid)
NILGH¢5P/M(Visa debit);
GH¢3 P/M (Gh-link)(Bundled with E-banking Charges)
Agricultural Development BankGH¢ 20NILGH¢1.00 p/m
Bank of AfricaNILGH¢0.50GH¢5 P/A(proprietary cards) and GH¢5 p/m (Visa Cards)
CAL BankGH¢15NILGH¢3.0 p/m
Consolidated BankGH¢10.00NILGH¢5 – GH¢10
EcobankGH¢10.00NILGH¢5
FBN BankGH¢20 (MasterCard)NILGH¢20 P/A (MasterCard)
Fidelity BankGH¢20 Visa Classic card;
GH¢30- Visa Gold card
GH¢40- Visa Platinum card
NILGH¢5 p/m – Visa Classic cards
GH¢5 p/m – Visa Gold Cards
GH¢10 p/m – Visa Platinum cards
First Atlantic BankGH¢15(Visa Classic & MasterCard Standard)NILGH¢ 2 p/m
GH¢ 5 p/q for VISA/ MasterCard fee
First National BankNILNILNIL
GCB BankGH¢10(Gh-link – Instant card)NILN/A
Guaranty Trust BankGH¢15 – GH¢25NILGH¢4-GH¢5 p/m
National Investment BankGH¢10NIL for bundle charge,
GH¢1.00 (off bundle charge)
NIL
OmniBSIC BankGH¢5(Gh-link)/
GH¢20(VISA)
NILGH¢ 3 per card p/m
Prudential BankGH¢15 – GH¢20GH¢0.40N/A
Republic BankNILNILGH¢3.00(individual) GH¢5.00(business)
Societe GeneraleGH¢15 (Visa Classic)
GH¢30 (Visa Gold)
GH¢50 (Visa Platinum)
GH¢4 p/m(VISA CLASSIC)
GH¢5 (Visa Gold)
GH¢5 (Visa Platinum)
Stanbic BankNILNILGH¢15-GH¢20 per quarter
Standard Chartered BankGH¢ 15NILGH¢ 15 p/m
United Bank for AfricaGH¢ 30GH¢0.5GH¢ 5 p/m
Universal Merchant BankGH¢ 25NILNIL
Zenith BankGH¢ 5.00 (Visa and Master Card),
GH¢2.50 (Proprietary Card)
GH¢1.0 (Visa and Master Card),
GH¢0.18 (Proprietary Card)
GH¢3.0 (Visa and Master Card), GH¢0 (Proprietary Card)
ATM Fees

Foreign Currency/Exchange Account

This table gives the initial deposit, minimum operating balance, Maintenance fees and commission on turnover of foreign currency or foreign exchange accounts

BankInitial DepositMinimum operating balanceMaintenance FeesCommission on Turnover
Absa BankUSD 50N/AN/A10% p.mille (Min USD5, Max USD100)
Access Bank100 (USD, GBP, EUR)NILNIL0.0-3.5%
Agricultural Development BankUSD 100USD 50NILNIL
Bank of AfricaUSD100/USD500, GBP100/GBP300,
EUR100/EUR500(FEA), NIL(FCA)
NILNILUSD10(SME), USD2(Ind)
CAL Bank50 Cur. UnitsNILN/AN/A
Consolidated Bank50 Cur. UnitsNILN/AN/A
EcobankUSD100(FEA); NIL(FCA)USD100(FEA) ; NIL(FCA)NIL0-3% F.V.
FBNFEA: USD 100/
GBP 100/EUR 100, FCA: NIL
NILNILNIL
Fidelity BankUSD50/ GBP50/ EUR 50USD50/ GBP50/ EUR 50NILNIL
First Atlantic BankNILNILNILNIL
First National BankUSD50, GBP50, EUR50N/ANILN/A
GCB Bank200 (USD, GPB, EUR)50 (USD, GPB, EUR)USD5, GPB3, EUR5USD1.50, GPB1, EUR 1
Guaranty Trust BankNILNILN/AN/A
National Investment BankUSD200, EUR200, GBP200USD100, EUR80, GBP60N/AN/A
OmniBSIC BankUSD 50/GBP 50/EUR 50NILNILNIL
Prudential Bank100 (USD, GBP, EUR) (FEA), NIL (FCA)NILNILNIL
Republic BankUSD100USD50N/AUSD1.5 p.mille/m
Societe Generale300 (USD, EUR, GBP)100 (USD, EUR, GBP)USD1.5, EUR1,GBP
0.75 p/q (FEA/FCA)
NIL
Stanbic BankN/AN/AN/AUSD5(FEA)
Standard Chartered BankUSD500,EUR300, GBP250NILNILUSD5-USD100/EUR5-
EUR100/GBP5-GBP100
United Bank for Africa200 (USD, EUR, GBP) (FEA), NIL
(FCA)
USD100,EUR100,
GBP100(FEA), NIL (FCA)
NIL2.5% (FEA), 3% (FCA) (cash
withdrawal)
Universal Merchant BankUSD200, 100 for other currencies50 for all currenciesUSD 4 and 2.00 for
other currencies
N/A
Zenith Bank500 (USD, EUR, GBP)NILNILNIL
Foreign Currency/Exchange Account

Letters of Credit (Import): Without Cash Cover

Establishment commission for letters of credit without cash cover

BankEstablishment Commission: SightEstablishment Commission: Deferred
Absa Bank1%-1.25% P/Q (min USD200)1.5%-1.75% P/Q (min USD200)
Access Bank1% P/Q (min USD100)1.25% P/Q (min USD100)
Agricultural Development Bank1%-1.5% of LC Amount P/QUSD 200
Bank of Africa1% P/Q (min USD100)N/A
CAL Bank2%-2.25% P/Q, (min USD100)2%-2.25% P/Q, min USD100
Consolidated Bank1.25% P/Q (Min. – USD200)1.25% P/Q (Min. – USD200)
Ecobank1.75% flat1.75% flat
FBN Bank1%1%
Fidelity Bank1% per quarter (Min USD 200)1% per quarter for Issuance
First Atlantic Bankmin 1% and max 1.5%min 1% and max 1.5%
First National Bank1% P/Q (min USD100) + USD30 S/C0.5% P/Q (min USD100) + USD30 S/C
GCB Bank1.50% of LC Amount1.50% of LC Amount
Guaranty Trust Bank1.5% flat1.5% of F.V
National Investment Bank1.25% of FV (min. USD100)1.75% (min. USD100)
OmniBSIC Bank1.5% p/q+ S/C of USD301.5% p/q+ S/C of USD30
Prudential Bank1.50%1.50%
Republic Bank1% of F.V per quarter1% of F.V per quarter
Societe Generale1.5% P/Q; Min USD 200 or equivalent1.5% P/Q; Min USD 200 or equivalent
Stanbic Bank0.75% P/Q (min USD200)0.75% (min USD200) per quarter
Standard Chartered Bank1.0% p/q(sight) or part thereof + SWIFT +
Courier cost (to be taken upfront)
1.5% p/q(usance) or part thereof +
SWIFT + Courier
cost (to be taken upfront)
United Bank for Africa1.75% p/q,GH¢100(min) + USD25 S/C1.75% p/q,GH¢100(min) + USD25 S/C
Universal Merchant Bank1.75% p/q(0.50% for any additional Quarter)1.75% p/q(0.50% for any additional Quarter)
Zenith Bank1% p/q (Min. USD200)N/A
Letters of Credit (Import): Without Cash Cover

Letters of Credit (Export)

Advising commission and handling fees charged to bank customers and non-customers

BankAdvising Commission (Customers)Advising Commission (Non-Customers)Processing/Handling fee (Customers)Processing/Handling fee (Non-Customers)
Absa BankGH¢ 100 – GH¢ 200GH¢ 100 – GH¢ 200GH¢200GH¢200
Access BankUSD100N/AUSD100N/A
Agricultural Development BankGH¢ 50GH¢ 2000.5% of bill amount (Min USD
100)
NA
Bank of AfricaGH¢100GH¢2000.25% of FVN/A
CAL BankGH¢ 200GH¢ 300N/AN/A
Consolidated BankGH¢ 100N/AUSD100.00N/A
EcobankUSD100N/AN/AN/A
FBN BankUSD100 Min. 1% of F.V Max.N/AUSD 100N/A
Fidelity BankUSD50USD115.00 FLAT + S/CN/AN/A
First Atlantic BankNILUSD100NILNIL
First National BankNILUSD50NILNIL
GCB BankGH¢ 50GH¢ 100GH¢ 50GH¢ 100
Guaranty Trust BankGH¢30USD100USD15N/A
National Investment BankUSD100N/AN/AN/A
OmniBSIC BankUSD50USD500.5% -1.5% of F.V
(Concession rate: 0.5%)
1.5% of F.V
Prudential BankUSD50N/ACourier USD 70,
Availment/liquidation NIL
N/A
Republic BankUSD25USD50USD50N/A
Societe GeneraleUSD 50USD100NILNIL
Stanbic BankUSD50USD100N/AN/A
Standard Chartered BankGH¢150 Flat, Courier charges
and Negotiating Commission
Under LC/Presentation under
LC(0.5% p/q, taken upfront)
N/AN/AN/A
United Bank for AfricaUSD 100USD 1001%1%
Universal Merchant BankUSD100. FlatUSD100 Flat (LC advised through
Beneficiary & Bankers)
USD100N/A
Zenith BankGH¢50 per billUSD100(other banks)GH¢ 50 per billN/A
Letters of Credit (Export)

Documentary Bills for Collection

handling charges for Documentary Bills for Collection for bank customers and non-customers

BankHandling charges (Import):
Customers
Handling charges (Import):
Non-Customers
Handling commission (Export)
Absa Bank0.5% -0.65% flat (Min GH¢200)N/A0.25%(min. – USD250)
Access BankUSD25N/AUSD100
Agricultural Development Bank0.5% of LC valueN/A0.25% of F.V LC/ Min USD 250
Bank of AfricaUSD50N/A0.75% of F.V (max USD150)
CAL Bank0.25%, USD30.00 – USD 500GH¢ 50USD 100
Consolidated BankGH¢ 100N/AUSD100
EcobankUSD25N/AUSD50
FBN BankUSD25N/AUSD100 (offshore), USD60 (local)
Fidelity BankGH¢200N/AN/A
First Atlantic BankUSD50NILUSD50
First National Bank0.3% min USD450.3% min USD450.3%; min USD50 ;max USD150
GCB BankNILN/A0.2% of F.V
Guaranty Trust BankGH¢15N/AUSD100
National Investment BankUSD30N/AUSD40
OmniBSIC BankUSD 100USD 1000.75% of F.V (min USD 100)
Prudential BankGH¢50N/AUSD100
Republic BankUSD25N/AUSD50
Societe GeneraleUSD 50USD1001% P/Q, Min.USD100
Stanbic BankUSD30N/AUSD100
Standard Chartered Bank0.25% of bill amount, swift charges
GH¢150 flat and chaser charges
GH¢100 flat
N/AGH¢ 200 flat
United Bank for Africa0.50%USD25USD25
Universal Merchant BankUSD50 FlatN/AUSD100 Flat
Zenith Bank0.75% of F.V, Max USD300N/A0.75%; Min. GH¢ 50; Max. USD300
Documentary Bills for Collection

Money Transfer Fees

Money transfer fees of banks in Ghana with administrative charges, and swift charges for customers and non-customers

BankInward Transfer
(Administrative Charges)
Outward Transfers Rate & Swift Charges (Customers)Outward Transfers
Rate & Swift Charge
(non-Customers)
Absa BankN/A0.75% (FCA); 1% (FEA &  Account), (min USD75) + USD25 S/CN/A
Access BankNIL0.75%(offshore/GH¢), 1.25%(Onshore) + USD25/EUR15/GBP13 (S/C)N/A
Agricultural Development BankN/A0.75% of FVN/A
Bank of AfricaNIL1% (min GH¢ 60/ USD15) + USD30 S/CNIL
CAL BankUSD 5 – USD 40USD25.00 (FEA = 1.5%, FCA = 1%, CEDI = 0.75%) MIN USD30.00N/A
Consolidated BankN/A0.75% (min. USD 50) + S/C of USD 20N/A
EcobankN/A1.25% (Cedi & FEA Accounts), 0.75% (FCA) + USD45 S/CN/A
FBN Bank0.75% (Flat rate)0.75% (FCA, CEDI); 0.75% + 1% Externalisation (FEA); (Min. USD30; GBP20;
EUR30); + S/C of USD25/GBP13/EUR15
N/A
Fidelity BankN/AStandard 1.0% (Min. USD40.00) + USD35 S/C + USD35 Corresponding
Bank Charges – optional (borne by sender or recipient)
N/A
First Atlantic BankNIL1% of FV, (Min. USD50(Ind); Min. USD100(cor)), + USD25N/A
First National BankNILFCA and GH¢ account : 0.75% min USD40, max USD210; FEA: 1.75%
min USD40, max USD210
N/A
GCB BankN/A1% (min. USD15, GPB10, EUR 15) + S/C of USD25/GPB15/EUR20.N/A
Guaranty Trust BankUSD301% (min. USD15) plus SWIFT CHARGE of USD30, Externalisation
charge of 1% and optional USD25 Corresponding Bank Charge
N/A
National Investment BankN/A0.75% (Cedi Account), 0.65% (FEA), 0.5% (FCA),(Min.USD30,GBP15,
EUR20) +USD25,GBP15, EUR20
N/A
OmniBSIC BankNIL1% (FCA, FEA & GH¢ account); 2.5% (Fed with cash and cheque)+
USD25 (Swift)
N/A
Prudential BankN/A1% of F.V (Min. USD 30/EUR/30/GBP30) plus S/C – USD35, GBP30, EUR 30N/A
Republic BankUSD101% of FV (min USD 60 for nontrade bills, 0.75% of FV for trade bills) plus Swift fee of USD30N/A
Societe GeneraleUSD15 flat1% (Min.USD50),(Cedi Account); 0.75% (Min. USD50), (FCA); 1%(min. USD50)+1% Rep. Fee (FEA)+Swift USD20, Amendments USD40N/A
Stanbic BankN/AUSD50 – 0.75% of F.V plus Swift charge of USD20N/A
Standard Chartered BankN/A0.75% of FV min GH¢200/USD40/EUR36/GBP30(manual), 0.5% of FV min GH¢100/USD20/EUR18/GBP15(online), Free(to another SCB)N/A
United Bank for AfricaNIL1% FV ( min USD10) + USD25 S/C, 1% of FV (min USD10) +USD25 S/C +1% Externalization Charges for locally sourced FCYN/A
Universal Merchant BankNILUSD30/GBP20/EUR25/GH¢45N/A
Zenith BankN/A0.75% (FCA); 1% (Cedi Account); 2% (FEA) + S/C of USD30N/A
Data Source: Banks of Ghana,

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