Summary of Banks' Foreign Exchange Related Fees and Charges

S/NName of BankFx Related Fees and Charges
LC ImportCAD ImportTT ImportService PaymentsFCY Cash Sales
1Abay Bank4% (1% LC Opening Commission + 3% Service Charge)4% Service Charge4% Service Charge4% Service Charge4% Service Charge
2Addis International Bank4% (2% L/C Opening Commission + 2% Service Charge)4% service charge plus per quarter4% service charge4% service charge4% service charge
3Ahadu Bank4% (1% LC Opening Commission + 3% Service Charge)4% Service Charge4% Service Charge4% Service Charge4% Service Charge
4Amhara Bank4% ( 2% LC Opening Commission + 2% Service Charge )4% (2% PO Approval Commission + 2% Service Charge )4% Service Charge4% Service Charge4% Service Charge
5Awash Bank4% LC Opening Commission4% Service Charge4% Service Charge4% Service Charge4% Service Charge
6Bank of Abyssinia4% (2% LC Opening Commission + 2% Service Charge)4% Service Charge4% Service Charge4% Service Charge4% Service Charge
7Berhan Bank4% (2% LC Opening Commission + 2% Service Charge)4% (2% PO Approval Commission + 2% Service Charge)4% Service Charge4% Service Charge4% Service Charge
8Bunna Bank4% L/C Opening Commission 4% P.O. Approval4% Service Charge4% Service Charge4% Service Charge
9Commercial Bank of Ethiopia4% (1% LC Opening
Commission + 1% Service Charge + 2% Settlement Commission)
4% (1% PO Approval + 1% Service Charge + 2% Settlement Commission)4% Service Charge4% Service Charge4% Service Charge
10Cooperative Bank of Oromia4% (2% LC Issuing Commission + 2% Service Charge)4% (2% PO Approval Commission + 2% Service Charge)4% Service Charge4% Service Charge4% Service Charge
11Dashen Bank4% Service Charge4% Service Charge4% Service Charge4% Service Charge4% Service Charge
12Development Bank of Ethiopia4% Service Charge4% Service Charge4% Service Charge4% Service Charge4% Service Charge
13Enat Bank4% (2% LC Opening Commission + 2% Service Charge )4% (2% PO Approval Commission + 2% Service Charge )4% Service Charge4% Service Charge4% Service Charge
14Gadaa Bank4% (LC Opening Commission)4% (PO Approval Commission)4% Service Charge4% Service Charge4% Service Charge
15Global Bank Ethiopia4% (2% LC Opening Commission + 2% Service Charge )4% Service Charge4% Service Charge4% Service Charge4% Service Charge
16Goh Betoch Bank4% (3% LC Opening Commission + 1% Settlement Commission) 4% (2.5% Service Charge + 1.5% Settlement Commission)4% Service Charge4% Service Charge4% Service Charge
17Hibret Bank4% (2% LC Opening Commission + 2% Service Charge)4% Service Charge4% Service Charge4% Service Charge4% Service Charge 
18Hijra Bank4%( 2% LC Opening Commission + 2% Service Charge )4% Service Charge4% Service Charge4% Service Charge4% Service Charge
19Lion International Bank2% LC Opening Commission + 2% Settlement Commission4% service charge4% Service Charge4% Service Charge4% Service Charge
20Nib International Bank4% (1.5% LC Opening Commission + 2.5% Service Charge)4% (2% PO Approval Commission)4% Service Charge4% Service Charge4% Service Charge
21Oromia Bank4% LC Opening Commission4% Service Charge4% Service Charge4% Service Charge4% Service Charge
22Omo Bank4% (2.2% L/C Opening + 1.35% L/C Service Charge + 0.1% L/C Confirmation Commission + 0.1% L/C Extension Fee before expiry + 0.1% L/C Extension Fee after expiry commission + 0.1% L/C Amendment Fee
+ 0.05% L/C Cancellation Commission)
4% (3.75% PO Approval Service Charge + 0.1% PO Extension Fee before approval + 0.05% PO Extension Fee after expiry + 0.05% PO Cancellation Fee + 0.05% IBC Amendment Charge)4% Commission4% Commission4% Commission
23Rammis Bank4% L/C Opening Commission4% Service Charge4% Service Charge4% Service Charge4% Service Charge
24Shabelle Bank4% (3% LC Opening Commission + 1% Service Charge)4% (3% P.O Approval + 1% Service Charge)4% Service Charge4% Service Charge4% Service Charge
25Sidama Bank4% (2% LC Opening Commission + 2% Service Charge )4% Service Charge4% Service Charge4% Service Charge4% Service Charge
26Siinqee Bank4% (3.5% Opening Commission + 0.20% Cancellation Charge + 0.05% Amendment Fee + 0.25 Extension Fee)4% (3.75% Service Charge + 0.05% Amendment Fee + 0.20% Extension Fee)4% Service Charge4% Service Charge4% Service Charge
27Siket Bank4% (2% LC Opening Commission + 2% Service Charge )4% Service Charge4% Service Charge4% Service Charge4% Service Charge
28Tsedey Bank4% (2% LC Opening Commission + 2% Service Charge)4% Service Charge4% Service Charge4% Service Charge4% Service Charge
29Tsehay Bank4% Service Charge4% Service Charge 4% Service Charge4% Service Charge4% Service Charge
30Wegagen Bank4% (2% LC Opening Commission + 2% Service Charge4% (2% PO Approval Commission + 2% Settlement Commission)4% Service Charge4% Service Charge4% Service Charge
31Zam Zam Bank4% (2% LC Opening Commission + 2% Service Charge)4% Service Charge4% Service Charge4% Service Charge4% Service Charge
32Zemen Bank4% Service Charge4% Service Charge4% Service Charge4% Service Charge4% Service Charge