EQUITYBANK*CARD FEE Charge (What It Is + Is It Legit?)

When Equity Bank processes card maintenance or service fees, their billing system transmits the payment descriptor as EQUITYBANK*CARD FEE because most banking platforms truncate and compress the institution's name into a single concatenated string to fit within the character limits imposed by card network descriptor standards. The asterisk in the descriptor acts as a separator between the merchant identifier and the specific fee type, which is a common formatting convention used by financial institutions in Morocco to distinguish different fee categories billed under the same account. If you see EQUITYBANK*CARD FEE on your statement, it is Equity Bank collecting their standard card service or maintenance charge rather than an unfamiliar or fraudulent transaction.

No, this is a legitimate charge from Equity Bank. However, if you did not authorize this charge or cancelled your subscription, you may be eligible for a refund.

Frequently Asked Questions