Saturday, August 22, 2020

Shocking Reason Why You Should Not Go To Bank

    August 22, 2020   No comments

KCB - One of The Licensed Commercial Banks In Kenya 

Today all commercial banks have a mobile banking app ,USSD code or an ATM lobby available for use to customers .The question is are you using these ways as a customer?

A survey done by FSD Kenya in 2018 shows that doing transactions in a bank hall is much expensive and that's what I thought you should know.

Let's say for  example a kes5000 transaction done through an agent will cost kes62, done through an ATM (within network) will cost kes42, done through ATM (outside network) will cost kes300 ,done through a mobile banking app will cost kes90 but when done through the bank branch (over the counter) it will cost kes1056.
Kenyan mobile banking apps are cheap

Therefore unless it's a must for you to go to a banking hall, always use the alternative ways to do transactions because it's much cheaper.

This is a cost of banking 2018 report released December 2019 by FSD Kenya


Mwabaya Katana

About Mwabaya Katana

Mwabaya is an experienced and talented finance content creator based in Kenya. He is the Founder of Loans Kenya Blog.

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