Here's The List Of Top Ten Most Expensive Bank Accounts In Kenya -

It will cost you at least Ksh17,750 per year to maintain the most expensive bank account in Kenya, a new study by Financial Sector Deepening (FSD) has found.

The study found that Standard Chartered Bank’s “all in one account” is the most expensive bank account to maintain in Kenya at Ksh17,750 per year, a 31 percent increase from 2017.

Stanchart’s account is followed by Barclays Bank of Kenya’s “ultimate account” that costs Ksh14,558 annually to maintain, followed by NIC Bank’s (now NCBA) “move pay as you go” account that costs Ksh13,393.

Read: Standard Chartered Bank Ordered To Produce Statements In Ksh827 Million KPC Scandal

NIC is closely followed by Stanbic Bank’s two accounts, the “smart” that costs Ksh12,312 and the “silver pay as you go” that needs Ksh11,676 to maintain.

“Accounts that charge a monthly ledger fee have higher annual costs. However, the line between pay-as-you-go accounts and flat-fee accounts is blurred as some pay-as-you-go accounts charge a monthly ledger fee. Likewise, some flat fee accounts also charge per-transaction fees such as withdrawal and transfer fees,” says FSD in its annual report for 2018.

Here is a list of 10 most expensive bank accounts in Kenya:

BANK	ACCOUNT	AMOUNT
Standard Chartered Bank	All in one	17,750
Barclays Bank of Kenya	Ultimate Account	14,558
NIC Bank	Pay as you go	13,393
Stanbic Bank	Smart	12,312
Stanbic Bank	Silver pay as you go	11,676
Standard Chartered Bank	Hifadhi	10,504
NIC Bank	Salary	8,493
CBA Bank	Pay as you go	8,076
CBA Bank	Freedom	7,289