NCBA has scrapped off account maintenance fees and only retained transaction charges for its customers in a bid to ease financial pressure. The lender announced the new changes will affect only the retail banking accounts, and has been backdated from July 1 2024. In a statement the lender said this change will affect existing current account products and new products applicable for incoming customers. The new adjustment will be applicable to consumer banking account types such as salary account, Platinum Flexi, Platinum Pay as you go, Gold Pay as you go, Premier – All-in-One, Platinum All-in-One and Gold-All-in-One. The move will reflect on maintenance fees charged at the end of the month based on the product type and the banking industry has since moved from ledger fee- based accounts to pay as you go with no maintenance fees.
