The Inter-Country products seek to connect all Equity Banks across the group, by leveraging on the interconnected Core banking platform. The objective of the inter country suit of services is to provide a “one equity access” for all customers and eventually extend the services to non-customers.
Great features
Why Use Intercountry Payment Suite
Inter-country offering is a service offered by the bank to our customers for moving money across the borders where we have our footprints. This will come in handy in supporting business across the region in various aspects as below.
Import/Export: Importers and exporters can easily move their funds from one subsidiary to another as they trade.
Cross Border Trade: Most of our subsidiaries belong to the East African community that allows for favorable bilateral trade between the countries with Agriculture being the biggest export industry long the borders. This will allow for eased trade along these borders.
Tourism: Facilitating payments using the intercountry platform will enhance the growth and expansion of this industry
Remittances: The intercountry product facilitates these remittances and provides a digital platform where consumers have control over their transactions.
Why you should sign up for this product
Advantages of Intercountry Payment Suite
There are numerous benefits from use of this payment solution. These include but not limited to
Simple & Fast Customer Experience
Cost effective service
Real-time transactions processing
24×7 Customer Service
Secure and reliable service.
Additional information about the product
These services include:
Customer Deposits: – Equity Customers in KE, RW, TZ, UG, SS can deposit funds to any Equity account in any of the country they are in.
Over the counter Withdrawals: – Equity customers in KE, RW, TZ, UG, SS can withdraw their funds in any Equity subsidiary without having to open an account in that country.
Inter-Country Funds Transfers: – Equity customers can send funds from their Equity account to any Equity customer within our subsidiaries.
ATM Withdrawals: – Equity customers can withdraw funds over the ATM and get cash in USD & local currency of that subsidiary
These will offer Equity customers the freedom to transfer, deposit and withdraw anywhere across the Equity network
Pricing: Kenya
SERVICE
CHARGES
FX SPREAD
Withdrawal
Withdrawal(USD)
Fee(USD)
0-1,000
$3
1,001 – 5,000
$4
5,001 – 10,000
$5
>10,000
$10
Counter Rate
0.0
–
0.50
–
1.00
–
1.50
Deposits
0.25% of the value
Minimum of $2.00
Maximum of $10.00
USD
Counter Rate.
1-1,000
0.00
1,000-5,000
+0.50
5,001-10,000
+1.00
>10,000
+1.50
Transfers
$6.00
0-1,000
0.00.
>1,000
FX negotiable as with swift with Treasury Front office
Pricing: Uganda
>2,000- FX negotiable as with swift with Treasury Front office
SERVICE
CHARGES
FX SPREAD
Withdrawal
Withdrawal(USD)
Fee(USD)
0-2,000
$3
2,001 – 5,000
$5
5,001 – 10,000
0.5%, Max 30
10,000 – 100,000
0.5%, Max 30
>100,000
0.5%, Max 30
<$2,000
Daily Branch rate.
>$2,000
Negotiation with Branch
Deposits
Deposit(USD)
Fee(USD)
0-1,000
$3
>1,000
“0.35%, Min USD 5
KES- 0.3%, MIN KES 1,000”
<$2,000
Daily Branch rate.
>$2,000
Negotiation with Branch
Transfers
OTC
0-1,000
0.5%, Min 5, Max 30
>1,000
0.5%, Min 5, Max 30
*247#, Web, App
0-1,000
3
>1,000
0.2%, Min 3, Max 15
Pricing: Tanzania
SERVICE
CHARGES
FX SPREAD
Withdrawal
Withdrawal(USD)
Fee(USD)
0-1,000
$4
1,001 – 5,000
$7
5,001 – 10,000
$10
>10,000
$15
<$1,000
Counter Rate (0.00)
>$1,000
Inter-entity FX rate
Deposits
0.25%, Min 3, Max 15
<$1,000
Counter Rate (0.00)
>$1,000
Inter-entity FX rate
Transfers
0-1,000
$3
>10,000
$6
<$1,000
Counter Rate (0.00)
>$1,000
Inter-entity FX rate
Pricing: Rwanda
SERVICE
CHARGES
FX SPREAD
Withdrawal
Withdrawal(USD)
Fee(USD)
$5 or equivalent
<$1,000
Counter Rate (0.00)
>$1,000
Inter-entity FX rate
Deposits
0.5% of the amount
<$1,000
Counter Rate (0.00)
>$1,000
Negotiable at branch
Transfers
0.2% of the amount- Max $15
<$2,000
Counter Rate (0.00)
>$2,000
Negotiable at branch
Pricing: South Sudan
SERVICE
CHARGES
FX SPREAD
Withdrawal
1% of the amount- Min USD5
Negotiable with Treasury
Deposits
3% of Value
Negotiable with Treasury
Transfers
1% of the amount- Max $100
Up to $1000
1% , Max 100
Above $1000
0.5%, Max $30
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