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KENSWITCH charging 60bob
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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 :)
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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 ?
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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 !
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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
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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 :)
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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?
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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.
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  | | Edit by user: Thursday, June 21, 2012 4:17 PM | Reason: Not specified
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 :)
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  | | Edit by user: Thursday, June 21, 2012 4:21 PM | Reason: Not specified
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.
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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
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