Summary of Banks' Foreign Exchange Related Fees and Charges
S/N | Name of Bank | Fx Related Fees and Charges | |||||
LC Import | CAD Import | TT Import | Service Payments | FCY Cash Sales | |||
1 | Abay Bank | 4% (1% LC Opening Commission + 3% Service Charge) | 4% Service Charge | 4% Service Charge | 4% Service Charge | 4% Service Charge | |
2 | Addis International Bank | 4% (2% L/C Opening Commission + 2% Service Charge) | 4% service charge plus per quarter | 4% service charge | 4% service charge | 4% service charge | |
3 | Ahadu Bank | 4% (1% LC Opening Commission + 3% Service Charge) | 4% Service Charge | 4% Service Charge | 4% Service Charge | 4% Service Charge | |
4 | Amhara Bank | 4% ( 2% LC Opening Commission + 2% Service Charge ) | 4% (2% PO Approval Commission + 2% Service Charge ) | 4% Service Charge | 4% Service Charge | 4% Service Charge | |
5 | Awash Bank | 4% LC Opening Commission | 4% Service Charge | 4% Service Charge | 4% Service Charge | 4% Service Charge | |
6 | Bank of Abyssinia | 4% (2% LC Opening Commission + 2% Service Charge) | 4% Service Charge | 4% Service Charge | 4% Service Charge | 4% Service Charge | |
7 | Berhan Bank | 4% (2% LC Opening Commission + 2% Service Charge) | 4% (2% PO Approval Commission + 2% Service Charge) | 4% Service Charge | 4% Service Charge | 4% Service Charge | |
8 | Bunna Bank | 4% L/C Opening Commission | 4% P.O. Approval | 4% Service Charge | 4% Service Charge | 4% Service Charge | |
9 | Commercial Bank of Ethiopia | 4% (1% LC Opening Commission + 1% Service Charge + 2% Settlement Commission) | 4% (1% PO Approval + 1% Service Charge + 2% Settlement Commission) | 4% Service Charge | 4% Service Charge | 4% Service Charge | |
10 | Cooperative Bank of Oromia | 4% (2% LC Issuing Commission + 2% Service Charge) | 4% (2% PO Approval Commission + 2% Service Charge) | 4% Service Charge | 4% Service Charge | 4% Service Charge | |
11 | Dashen Bank | 4% Service Charge | 4% Service Charge | 4% Service Charge | 4% Service Charge | 4% Service Charge | |
12 | Development Bank of Ethiopia | 4% Service Charge | 4% Service Charge | 4% Service Charge | 4% Service Charge | 4% Service Charge | |
13 | Enat Bank | 4% (2% LC Opening Commission + 2% Service Charge ) | 4% (2% PO Approval Commission + 2% Service Charge ) | 4% Service Charge | 4% Service Charge | 4% Service Charge | |
14 | Gadaa Bank | 4% (LC Opening Commission) | 4% (PO Approval Commission) | 4% Service Charge | 4% Service Charge | 4% Service Charge | |
15 | Global Bank Ethiopia | 4% (2% LC Opening Commission + 2% Service Charge ) | 4% Service Charge | 4% Service Charge | 4% Service Charge | 4% Service Charge | |
16 | Goh Betoch Bank | 4% (3% LC Opening Commission + 1% Settlement Commission) | 4% (2.5% Service Charge + 1.5% Settlement Commission) | 4% Service Charge | 4% Service Charge | 4% Service Charge | |
17 | Hibret Bank | 4% (2% LC Opening Commission + 2% Service Charge) | 4% Service Charge | 4% Service Charge | 4% Service Charge | 4% Service Charge | |
18 | Hijra Bank | 4%( 2% LC Opening Commission + 2% Service Charge ) | 4% Service Charge | 4% Service Charge | 4% Service Charge | 4% Service Charge | |
19 | Lion International Bank | 2% LC Opening Commission + 2% Settlement Commission | 4% service charge | 4% Service Charge | 4% Service Charge | 4% Service Charge | |
20 | Nib International Bank | 4% (1.5% LC Opening Commission + 2.5% Service Charge) | 4% (2% PO Approval Commission) | 4% Service Charge | 4% Service Charge | 4% Service Charge | |
21 | Oromia Bank | 4% LC Opening Commission | 4% Service Charge | 4% Service Charge | 4% Service Charge | 4% Service Charge | |
22 | Omo Bank | 4% (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% Commission | 4% Commission | 4% Commission | |
23 | Rammis Bank | 4% L/C Opening Commission | 4% Service Charge | 4% Service Charge | 4% Service Charge | 4% Service Charge | |
24 | Shabelle Bank | 4% (3% LC Opening Commission + 1% Service Charge) | 4% (3% P.O Approval + 1% Service Charge) | 4% Service Charge | 4% Service Charge | 4% Service Charge | |
25 | Sidama Bank | 4% (2% LC Opening Commission + 2% Service Charge ) | 4% Service Charge | 4% Service Charge | 4% Service Charge | 4% Service Charge | |
26 | Siinqee Bank | 4% (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 Charge | 4% Service Charge | 4% Service Charge | |
27 | Siket Bank | 4% (2% LC Opening Commission + 2% Service Charge ) | 4% Service Charge | 4% Service Charge | 4% Service Charge | 4% Service Charge | |
28 | Tsedey Bank | 4% (2% LC Opening Commission + 2% Service Charge) | 4% Service Charge | 4% Service Charge | 4% Service Charge | 4% Service Charge | |
29 | Tsehay Bank | 4% Service Charge | 4% Service Charge | 4% Service Charge | 4% Service Charge | 4% Service Charge | |
30 | Wegagen Bank | 4% (2% LC Opening Commission + 2% Service Charge | 4% (2% PO Approval Commission + 2% Settlement Commission) | 4% Service Charge | 4% Service Charge | 4% Service Charge | |
31 | Zam Zam Bank | 4% (2% LC Opening Commission + 2% Service Charge) | 4% Service Charge | 4% Service Charge | 4% Service Charge | 4% Service Charge | |
32 | Zemen Bank | 4% Service Charge | 4% Service Charge | 4% Service Charge | 4% Service Charge | 4% Service Charge |