Letters of Credit

These are facilities that are fully secured and the amount covered varies on a case by case basis depending on the nature and value of the tangible security held.

Account Overview

These are facilities that are fully secured and the amount covered varies on a case by case basis depending on the nature and value of the tangible security held.

What You Need to Open an Account

The requirements are as follows:

Invoice (Local LC) and import declaration form (Foreign LC)
Marine cover

Account Features

Access a comprehensive suite of banking services and tools:

Import LCs

Issue	Opening Commission 0.50% per quarter, minimum charge KSH.3,000 Swift Charges KSH. Postage Charges KSH.500 Revenue Stamp Charge KSH. 100
Acceptance	Acceptance Commission 0.25% per quarter, minimum charge KSH. 1,500 Swift Charges KSH Postage Charges KSH 500
Settlement	Settlement Commission 0.25%, minimum charge KSH. 3,000 Swift Charges KSH 1,500 Postage for sight LCs KSH. 500

Export LCs

Advising Commission KSH. 1,500
Negotiating Bills under LC 0.25% or minimum charge KSH. 2,000
Courier Charges KSH. 3,000
Export LC Confirmation 0.25% per quarter or minimum charge of KSH.1,500