What is Equity Bank annual debit card fee?

Question

I received a messaged from Equity bank that read “ Txn: A fee has been deducted from your account Acct: 0020XXXXXX Amt: KES 240.00 Desc: Annual Debit Card Fee Date:06-04-2021 6:26:29. Use Equity USSD on Any Telco”

What is this?

Answer 1

Equity annual debit card is the fee that Equity Bank Kenya charges for active debit cards. The Fee is charged annually from the day you were issued with your card. For example, if you were issued with your card on 20th March 2020, you will be charged Ksh. 240 every 20th March of the year.

Equity Bank Annual debit card fee was introduced in 2020.