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ABSA Bank Uganda Tariff Guide

Effective 6th January 2025

Note: All charges are exclusive of 15% excise duty tax.

Savings Accounts
Fees and charges for various savings account types
ServiceFee
Target Save Account
Zero monthly ledger fees, 1 free withdrawal within a quarter, Subsequent withdraws charged a flat fee of UGX 15,000
Bonus Savings Account
Zero monthly ledger fees, Quarterly bonus interest if no withdrawal in a quarter, 1 free withdrawal within a quarter, UGX 10,000 for additional withdrawals
High Rate Savings
Zero monthly ledger fees, Minimum operating balance UGX 2,000,000, Minimum balance breach fee UGX 15,000
High Interest Bonus Savings
Zero monthly ledger fees, Minimum operating balance UGX 10,000,000, Minimum balance breach fee UGX 15,500, 1 free withdrawal within a quarter, UGX 3,000 for additional withdrawals
Foreign Savings Accounts
Not Applicable
Instant Savings
Monthly ledger fees UGX 1,900, Minimum operating balance UGX 500,000, Minimum balance breach fee UGX 15,000
Junior Savings Account
Zero monthly ledger fees, Quarterly bonus interest if no withdrawals in a quarter, 1 free withdrawal within a quarter, UGX 10,000 for additional withdraws
Current Accounts
Fees and charges for various current account types
ServiceFee
Single Fee Account
Bundled monthly fee UGX 28,000, 1 free welcome cheque book, Free ATM withdrawals, Free counter transactions, SMS Alerts, Insurance benefits
Ultimate Salary Account
Monthly ledger fee UGX 8,500, Free salary processing, Free ATM withdraws, Insurance benefits
Access Plus Account
Bundled monthly fee UGX 4,000, Hospital cash plan, No minimum balance
Prestige Plus
Bundled fee UGX 60,500, Prestige membership fee, Free counter transactions, Free cheque book, Free ATM withdraws, Insurance benefits, Duplicate statements, SMS Alerts, Absa Platinum Debit card, Standing orders to Absa
UN Ultimate Salary Account
Free salary processing, Zero monthly fees, Free counter transactions, Free ATM withdrawals, Free cheque book, Zero annual card fees, Free duplicate statements
Absa Flexi Account
Zero monthly fees, Pay as you transact
Premier Current Account
Bundled monthly fee UGX 80,500, Relationship Manager, Free cheque book, Free counter withdrawals, Free ATM withdrawals, Standing orders to Absa, Insurance benefits, Duplicate statements, SMS alerts, Offshore investment banking, Absa Platinum Debit card
Prestige Transact
Bundled monthly fee UGX 40,000, Prestige membership fee, 4 free counter transactions per month, 1 free welcome Cheque Book, Free ATM withdrawals, Standing orders to Absa, SMS alerts, Absa Platinum Debit card, Duplicate statements
Foreign Current Accounts
Not Applicable
Ignition Account
Zero monthly fees, Minimum operating balance UGX 15,000, Zero annual card fees
Premier Current USD
Not Applicable
Prestige Current USD
Not Applicable
Digital Banking
Fees and charges for digital banking services
ServiceFee
Internet Banking Access
Free
Mobile Banking Access
Free
E-statements
Free
Airtime and data top up
Free
Bill payment
UGX 1,500
School fees payment
UGX 1,530
SMS alerts
UGX 500 (monthly)
EFT
UGX 4,000 per entry
RTGS
UGX 10,000 per entry
International SWIFT transfer
UGX 40,000 per entry (UGX 35,000 for Business Club)
Debit & Credit Cards
Fees and charges for debit and credit cards
ServiceFee
Debit Card Issuance Fee
Classic: UGX 15,000, Platinum: UGX 15,000, Signature: UGX 25,000, Infinite: UGX 50,000
Debit Card Replacement Fee
Classic: UGX 15,000, Platinum: UGX 15,000, Signature: UGX 15,000, Infinite: UGX 50,000
Monthly Visa Debit Card Fee
Classic: UGX 3,478.25, Platinum: UGX 5,362.3
Credit Card Annual Fee
Classic: UGX 100,000, Platinum: UGX 220,000, Signature: UGX 250,000, Infinite: UGX 400,000
Credit Card Interest Rate
Classic: 3.5% per month, Platinum: 3% per month, Signature: 2.7% per month, Infinite: 1.75% per month
Credit Life Insurance
0.08% per month for all card types
Cash Advance Fee
6% min UGX 10,000 for all card types
Late Payment Fee
10% min UGX 10,000 for all card types
Over Limit Fee
6% for all card types
Card Replacement Fee
UGX 25,000 for all card types
Branch Banking
Fees and charges for branch banking services
ServiceFee
Cash Deposits (Local Currency)
Free
Cash Withdrawals
0.25% (min UGX 10,000 max UGX 35,000)
Foreign Currency Cash Deposit
Not Applicable
Statement Charges
UGX 5,000 per page
Standing Order Setup
Free
Standing Order to Absa
Free
Standing Order to Other Banks
UGX 15,000
Unpaid Standing Orders
UGX 100,000
RTGS Instructions - Outwards
UGX 21,000 per entry
TT Instructions - Outwards
Not Applicable
Cheque Services
Fees and charges for cheque-related services
ServiceFee
Cheque Book Issuance
UGX 45,000 (50 leaves), UGX 90,000 (100 leaves)
Counter Cheque Leaf
UGX 28,700 per leaf
Unpaid Cheques - Lack of Funds
UGX 174,100
Unpaid Cheques - Technical Reasons
UGX 50,000
Unpaid Foreign Cheques - Inward
Not Applicable
Stop Payment Cheques per Leaf
UGX 50,000
Bankers Cheques/Repurchase - Customer
1%, min UGX 10,000, max UGX 30,000
Bankers Cheques/Repurchase - Non Customer
UGX 50,000 per cheque
Loan Services
Fees and charges for loan services
ServiceFee
Loan Application Fee
UGX 20,000
Loan Statement Fee
UGX 15,000 per page
Loan Arrangement Fee
3% min UGX 300,000
VSLA Loan Arrangement Fee
UGX 50,000
Local Business Loan Arrangement Fee
3% of amount, min UGX 150,000
Annual Monitoring Fee
UGX 20,000