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KENSWITCH charging 60bob
2012
#1 Posted : Thursday, June 21, 2012 12:26:56 PM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
Kenswitch have pulled a fast one. You'll now be charged 60/- for withdrawals on Kenswitch ATMs. I guess the best place to store cash is in your phone (mpesa).

BBI will solve it
:)
QW25091985
#2 Posted : Thursday, June 21, 2012 12:30:11 PM
Rank: User


Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
who uses kenswitch ?
abdulrahman
#3 Posted : Thursday, June 21, 2012 12:34:38 PM
Rank: Member


Joined: 4/25/2012
Posts: 261
QW25091985 wrote:
who uses kenswitch ?



Kenyans !
selah
#4 Posted : Thursday, June 21, 2012 12:45:41 PM
Rank: Elder


Joined: 10/13/2009
Posts: 1,950
Location: in kenya
I think IMO they are making a mistake.They will make pple use them for emergency cases only and boost the business of big banks who have a large ATM network.

Take KCB or Equity for instance they charge I think 30Bob and they are all over the country this is an opportunity for them.

Kenswitch is a darling of small banks but what it has done is loose its price advantage and now they are at par with Pesapoint...Pesapoint must be smilling now.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
2012
#5 Posted : Thursday, June 21, 2012 2:38:28 PM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
selah wrote:
I think IMO they are making a mistake.They will make pple use them for emergency cases only and boost the business of big banks who have a large ATM network.

Take KCB or Equity for instance they charge I think 30Bob and they are all over the country this is an opportunity for them.

Kenswitch is a darling of small banks but what it has done is loose its price advantage and now they are at par with Pesapoint...Pesapoint must be smilling now.


Very true. I think over and above giving the bigger banks an advantage, I think they've given the mobile money an even bigger market as all people will have to do is withdraw most of their salary and load it into their phones where they can withdraw at 25/- instead of 60/- per withdrawal

BBI will solve it
:)
Magenta
#6 Posted : Thursday, June 21, 2012 4:02:25 PM
Rank: Hello


Joined: 6/21/2012
Posts: 7
2012 wrote:
Kenswitch have pulled a fast one. You'll now be charged 60/- for withdrawals on Kenswitch ATMs. I guess the best place to store cash is in your phone (mpesa).


Really? My bank charges 30 bob and i use the Kenswitch ATMs. Where's the link on the increment?
mukiha
#7 Posted : Thursday, June 21, 2012 4:15:43 PM
Rank: Elder


Joined: 6/27/2008
Posts: 4,114
My bank is also on Kenswitch and this link http://www.imbank.com/KE/inner.asp?cat=general says:
"KShs 30/- per withdrawal for I&M Bank , KShs 45 per withdrawal for Kenswitch ATMs, Kshs 75/- per withdrawal for local Visa ATMs"

BTW: KCB is also a Kenswitch affiliate, but they charge an extra Sh10 to non-customers.
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
2012
#8 Posted : Thursday, June 21, 2012 4:19:57 PM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
Magenta wrote:
Really? My bank charges 30 bob and i use the Kenswitch ATMs. Where's the link on the increment?


That's my point. They didn't even bother to inform consumers. I bank with CBA (very disappointing that a bank of this status doesn't own one ATM) and I was surprised when I got a message on the ATM that I will be charged 30/- above the normal rate.

BBI will solve it
:)
mmarto
#9 Posted : Thursday, June 21, 2012 4:51:34 PM
Rank: Member


Joined: 4/20/2010
Posts: 412
Location: nairobi
@2012, (very disappointing that a bank of this status doesn't own one ATM) . You dont really know your bank coz they have 20+ atms
The only time you should be looking down on others is when you are helping them up.
faa
#10 Posted : Thursday, June 21, 2012 5:16:25 PM
Rank: Member


Joined: 5/8/2007
Posts: 709
2012 wrote:
Magenta wrote:
Really? My bank charges 30 bob and i use the Kenswitch ATMs. Where's the link on the increment?


That's my point. They didn't even bother to inform consumers. I bank with CBA (very disappointing that a bank of this status doesn't own one ATM) and I was surprised when I got a message on the ATM that I will be charged 30/- above the normal rate.


CBA do have its own ATM.

It however sucks for Kenswitch to raise the fee to 60 bob secretly. Same case being applied by Sufferincom claiming free BB internet whereas secretly they charge you. NKT
kenmac
#11 Posted : Friday, June 22, 2012 8:03:10 AM
Rank: Elder


Joined: 5/26/2009
Posts: 1,793
ni soko huru
......Ecclesiastes
2012
#12 Posted : Friday, June 22, 2012 2:04:36 PM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
mmarto wrote:
@2012, (very disappointing that a bank of this status doesn't own one ATM) . You dont really know your bank coz they have 20+ atms


Kenswitch allows you to pretend to own the ATM if they install one in your premises. That's why you don't see a Kenswitch or pesapoint sign on BBK, Stanchart and Stanbic.

BBI will solve it
:)
mmarto
#13 Posted : Friday, June 22, 2012 2:55:46 PM
Rank: Member


Joined: 4/20/2010
Posts: 412
Location: nairobi
@2012
Quote:
Kenswitch allows you to pretend to own the ATM if they install one in your premises. That's why you don't see a Kenswitch or pesapoint sign on BBK, Stanchart and Stanbic.


Quite a number of banks own their atms but use kenswitch as their switch provider. On atms that use kenswitch switch, kenswitch advertises. Beleive me CBA has 20+ atms of their own.
The only time you should be looking down on others is when you are helping them up.
Ali Baba
#14 Posted : Friday, June 22, 2012 3:02:21 PM
Rank: Member


Joined: 8/29/2008
Posts: 571
CBA charging ksh 60 for ATM?? That is daylight robbery by the Kenyattas!!
dnn
#15 Posted : Friday, June 22, 2012 3:20:02 PM
Rank: Member


Joined: 7/17/2006
Posts: 133
any bankers here in those 'need 2 know positions'? what's happening with banks hiking their atm costs...still not amused with even atm deposit fees
QW25091985
#16 Posted : Friday, June 22, 2012 3:49:01 PM
Rank: User


Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
atm withdrawal fees are just to small to bother with . atleast for member .
i think banks should come up with a flat fee payed monthly for using their services
chiaroscuro
#17 Posted : Friday, June 22, 2012 10:23:21 PM
Rank: Veteran


Joined: 2/2/2012
Posts: 1,134
Location: Nairobi
mmarto wrote:
@2012, (very disappointing that a bank of this status doesn't own one ATM) . You dont really know your bank coz they have 20+ atms



Read this link: http://www.cbagroup.com/ke/2011-10-25-17-14-34

In it you will see:

Card ATM Cash Withdrawal Fees
CBA ATMs KShs. 30
Ken switch ATMs KShs. 30
KCB ATMs KShs. 60
Pesa Point ATMs KShs. 75
Visa branded ATMs KShs. 150
iKenya
#18 Posted : Monday, June 25, 2012 6:31:55 AM
Rank: Member


Joined: 7/27/2008
Posts: 241
chiaroscuro wrote:
mmarto wrote:
@2012, (very disappointing that a bank of this status doesn't own one ATM) . You dont really know your bank coz they have 20+ atms



Read this link: http://www.cbagroup.com/ke/[b]2011-10-25-17-14-34
[/b]
In it you will see:

Card ATM Cash Withdrawal Fees
CBA ATMs KShs. 30
Ken switch ATMs KShs. 30
KCB ATMs KShs. 60
Pesa Point ATMs KShs. 75
Visa branded ATMs KShs. 150


The devil is in the details, hiyo link ni ya mwaka gani??
Quote:
Buy when there's blood in the streets, even if the blood is your own...
chiaroscuro
#19 Posted : Monday, June 25, 2012 8:30:18 AM
Rank: Veteran


Joined: 2/2/2012
Posts: 1,134
Location: Nairobi
iKenya wrote:
chiaroscuro wrote:
mmarto wrote:
@2012, (very disappointing that a bank of this status doesn't own one ATM) . You dont really know your bank coz they have 20+ atms



Read this link: http://www.cbagroup.com/ke/[b]2011-10-25-17-14-34
[/b]
In it you will see:

Card ATM Cash Withdrawal Fees
CBA ATMs KShs. 30
Ken switch ATMs KShs. 30
KCB ATMs KShs. 60
Pesa Point ATMs KShs. 75
Visa branded ATMs KShs. 150


The devil is in the details, hiyo link ni ya mwaka gani??


The date on the link DOES NOT matter!

These are the CURRENT tariffs charged by the bank since that date. Since this is what they have advertised in their website, then it means that since October last year (less than a year ago!), there hasn't been any change.

If they are charging more, then customers must report the matter to CBK. It is clearly against the rules to charge more than what is advertised!
2012
#20 Posted : Monday, June 25, 2012 8:45:02 AM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
chiaroscuro wrote:
ead this link: http://www.cbagroup.com/ke/2011-10-25-17-14-34

In it you will see:

Card ATM Cash Withdrawal Fees
CBA ATMs KShs. 30
Ken switch ATMs KShs. 30
KCB ATMs KShs. 60
Pesa Point ATMs KShs. 75
Visa branded ATMs KShs. 150


That rate is so not true! With the interest rates so high and customers not taking loans, trust the banks to find other avenues to rob their customers. Sad really.

BBI will solve it
:)
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