Bank South Pacific BSP Announces Competitive Bank Fees

 BSP Financial Group CEO Robin Fleming said the fees that are currently being circulated in social media are outdated fees and in certain instances quote fees that have never been charged by BSP.

“In most cases BSP’s fees are lower and we do not charge fees that other banks charge such as dormant fees of up to K10 per month. BSP does not charge a cash handling fee for every cash transaction or any K7 cheque deposit fee with the cheque deposit fee eliminated in 2015.

He explained that BSP’s Kundu Packaged Account is a packaged account designed for customers who use all BSP banking services regularly with a monthly fee of K9.50 and no in branch or electronic banking fees other than top ups applied. BSP’s Kundu Standard Account has no monthly fee. Fees on the Kundu Standard product are only charged per transaction with the Kundu Standard product more suited to infrequent users of bank accounts.

Some of the Banks Fees Announced by BSP are

MOBILE BANKING (*131#) AND MOBILE BANKING APP

SERVICES*

                                                         Kundu Standard/Kundu/Sumatin/Kids/Plus Saver

• Transfer between own Accounts    Free Free Free NA Free
• Transfer & Pay - Other BSP Accounts K0.50 Free Free Free1 K0.50
• Transfer & Pay - Other Bank Accounts K0.50 Free Free Free1 K0.50
• Mobile Top Up K0.50 K0.50 Free Free1 Free
• Easipay Top Up K0.25 K0.50 Free Free1 Free
• Origin Solar TopUp K0.50 K0.50 Free Free1 K0.50
• Sola PayGo K0.50 K0.50 Free Free1 K0.50
• School Fee Payment K0.50 K0.50 Free Free1 K0.50
• Mobile Merchant Payment K0.10 K0.10 Free Free K0.10
• Mini Statement Free Free Free Free Free
• Balance Enquiry Free Free Free Free Free
• Bill Pay K0.50 Free Free Free1 K1.50
• Airline Ticket Payment K2.50 K2.50 K2.50 K2.501 K2.50

INTERNET BANKING SERVICES

• Transfer between own Accounts Free Free Free Free1 Free
• Transfer & Pay - BSP & Other Bank accounts K0.50 Free Free Free1 K1.00
• BSP Pay K0.10 Free Free Free Free
• Bill Pay K0.50 K0.50 Free NA K1.00
• Batch Transfer K0.50 Free Free Free K1.00
• Overseas fund transfer (FX payment)*** K40.00 K40.00 K40.00 NA K40.00

ATM SERVICES

• Cash withdrawal on BSP, using your BSP Card K0.50 Free Free Free1 NA
• Cash withdrawal - Other Banks using your BSP Card K2.50 K2.50 K2.50 K2.50 NA
• Balance enquiry - BSP ATM5 K0.505 Free Free Free NA
• Balance enquiry - Other Bank5 K0.505 K0.505 K0.505 K 0.505 NA
• Phone top up K0.75 K0.75 Free Free1 NA
• Mini statement5 K0.505 Free Free Free NA
• PIN Change Free Free Free Free NA
• Funds transfer - Own Accounts2 Free2 Free2 Free2 NA NA
• Cash Withdrawal - VISA Debit Card used Overseas K15.00 K15.00 K15.00 NA NA
• Cash Withdrawal - VISA Debit Card used on Other Bank K2.50 K2.50 K2.50 NA NA
• Balance Enquiry - VISA Debit Card used Overseas K1.50 K1.50 K1.50 NA NA

EFTPOS SERVICES**

• Purchases - Local merchant Free (<K25.99)
• K0.25 (>K26.00) Free Free Free1 NA
• Purchases - Overseas merchant using your VISA Debit Card K0.25 Free Free NA NA
• Online Purchases K0.25 Free Free NA NA

>> See the Full Banks Fees Applied by BSP Here 

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