Central Bank Discloses 2025 Salary Fees for Multiple Banks

(JUBA) – The Central Bank of South Sudan has published the official list of tariffs on salary processing for the year 2025, revealing a wide range of charges across commercial banks and fintech institutions operating in the country.

The updated figures aim to standardise expectations for employers and employees. They have also revealed the growing role of mobile money services in financial transactions.

According to the document issued today by the Directorate of Supervision and Financial Stability, the tariffs vary significantly depending on the bank or service provider. While some institutions charge a flat rate, others apply a percentage or offer services free of charge.

The aim, according to the Bank, is to improve financial transparency and ensure that users of banking services are informed in advance.

The following table summarises the fixed and variable salary processing fees, including conversions in US dollars (USD), based on the current official rate of $1 = 4,600 SSP:

No.	Bank/Service Provider	Salary Processing Tariff	Approx. in USD
1	National Investment & Development Bank	N/A	N/A
2	Horizon Bank	500 SSP	$0.11
3	Equity Bank South Sudan Ltd	500 SSP	$0.11
4	Eden Commercial Bank	1,500 SSP	$0.33
5	Alpha Commercial Bank	0.3% (Above SSP 50,000)	Varies
6	Nile Commercial Bank	1,000 SSP	$0.22
7	Phoenix Commercial Bank	Free	Free
8	MTN Fintech Service (MoMo)	2% of withdrawal amount	Varies

For Alpha Commercial Bank, only salaries above SSP 50,000 (about $10.87) attract the 0.3% charge. For example, a salary of 100,000 SSP (approximately $21.74) would be charged:

Salary Amount	Charge %	Fee in SSP	Fee in USD
100,000 SSP	0.3%	300 SSP	$0.07

MTN’s mobile money service, known as MoMo, applies a 2% fee on the amount being withdrawn. The table below gives a few examples of withdrawal charges using MTN:

Withdrawal Amount	2% Fee in SSP	Fee in USD
25,000 SSP	500 SSP	$0.11
50,000 SSP	1,000 SSP	$0.22
100,000 SSP	2,000 SSP	$0.43

Phoenix Commercial Bank stands out as the only institution offering free salary processing, which may attract more salary earners, particularly in urban centres like Juba, Wau, and Malakal.

The National Investment and Development Bank has not declared a tariff.

Fintech services like MoMo are increasingly being used in South Sudan due to their accessibility in remote areas and their relatively quick transaction speeds.

However, fees remain higher than in some banks, which could affect their adoption for salary disbursements.

Clear salary processing tariffs provide a useful guide to workers and employers alike as South Sudan rebuilds its economy and banking systems.