M-Pesa-transfer-and-withdrawal-charges
M-Pesa-transfer-and-withdrawal-charges

M-Pesa is a mobile phone-based money transfer, financing and microfinancing service. The service allows users to deposit, withdraw, transfer money and pay for goods and services (Lipa na M-Pesa) easily with a mobile device. As a branchless banking service; users can deposit and withdraw money from a network of agents that includes airtime resellers and retail outlets acting as banking agents. Users are charged a small fee for sending and withdrawing money using the service. Mpesa charges will depend on the amount you are sending or withdrawing.

Contents [Hide]

  • What you need to know about M-Pesa
  • M-Pesa transfer charges
  • M-Pesa withdrawal charges

What you need to know about M-Pesa

Here are some things you need to know about Mpesa.

  1. Maximum account balance is Ksh 100,000
  2. Maximum daily transaction value is Ksh 140,000
  3. Maximum amount per transaction is Ksh 70,000
  4. You cannot withdraw less than Ksh 50 at an Mpesa agent outlet
  5. To transact, your Safaricom line and Mpesa account must be active
  6. At an agent outlet, you cannot deposit money directly into another Mpesa customer’s account
  7. You earn Bonga points when you transact on Mpesa
  8. To transact at any Mpesa agent outlet, you will be required to produce your original identification document, i.e., National ID or Kenyan Passport
  9. You get 3 free transactions per day for amounts Ksh 1 to Ksh 100, thereafter Ksh 1 for (Ksh 1 – Ksh 49) and Ksh 2 (Ksh 50 – Ksh 100) will apply
  10. Dial *234# to view applicable charges or use Mpesa cost calculator on mySafaricom App
  11. An unregistered customer can withdraw money sent to them by an Mpesa customer in Kenya from any agent within 7 days, but cannot carry out other Mpesa transactions
  12. Unregistered customers will have to register within 21 days to receive funds via the IMT service
  13. Registered customers can withdraw cash from participating ATM networks. The maximum you can withdraw from your Mpesa account from an ATM is Ksh 20,000
ALSO READ  vivo Smartphone Partners with JUMIA to Unveil the New Y30 Device in the Kenyan Market

M-Pesa transfer charges

Here are the Mpesa transfer charges.

a. Transfer to unregistered users

MinimumMaximumCharges
Ksh 1Ksh 49N/A
Ksh 50Ksh 100N/A
Ksh 101Ksh 500Ksh 45
Ksh 501Ksh 1,000Ksh 49
Ksh 1,001Ksh 1,500Ksh 59
Ksh 1,501Ksh 2,500Ksh 74
Ksh 2,501Ksh 3,500Ksh 112
Ksh 3,501Ksh 5,000Ksh 135
Ksh 5,001Ksh 7,500Ksh 166
Ksh 7,501Ksh 10,000Ksh 205
Ksh 10,001Ksh 15,000Ksh 265
Ksh 15,001Ksh 20,000Ksh 288
Ksh 20,001Ksh 35,000Ksh 309
Ksh 35,001Ksh 50,000N/A
Ksh 50,001Ksh 70,000N/A

b. Transfer to other Mpesa users

MinimumMaximumCharges
Ksh 1Ksh 49Free
Ksh 50Ksh 100Free
Ksh 101Ksh 500Ksh 11
Ksh 501Ksh 1,000Ksh 15
Ksh 1,001Ksh 1,500Ksh 26
Ksh 1,501Ksh 2,500Ksh 41
Ksh 2,501Ksh 3,500Ksh 56
Ksh 3,501Ksh 5,000Ksh 61
Ksh 5,001Ksh 7,500Ksh 77
Ksh 7,501Ksh 10,000Ksh 87
Ksh 10,001Ksh 15,000Ksh 97
Ksh 15,001Ksh 20,000Ksh 102
Ksh 20,001Ksh 35,000Ksh 105
Ksh 35,001Ksh 50,000Ksh 105
Ksh 50,001Ksh 70,000Ksh 105
ALSO READ  How to mass follow or unfollow people on Twitter

c. Transfer to other mobile money users

MinimumMaximumCharges
Ksh 1Ksh 49N/A
Ksh 50Ksh 100N/A
Ksh 101Ksh 500Ksh 11
Ksh 501Ksh 1,000Ksh 15
Ksh 1,001Ksh 1,500Ksh 26
Ksh 1,501Ksh 2,500Ksh 41
Ksh 2,501Ksh 3,500Ksh 56
Ksh 3,501Ksh 5,000Ksh 61
Ksh 5,001Ksh 7,500Ksh 77
Ksh 7,501Ksh 10,000Ksh 87
Ksh 10,001Ksh 15,000Ksh 97
Ksh 15,001Ksh 20,000Ksh 102
Ksh 20,001Ksh 35,000Ksh 105
Ksh 35,001Ksh 50,000Ksh 105
Ksh 50,001Ksh 70,000Ksh 105

M-Pesa withdrawal charges

Here are the Mpesa withdrawal charges.

a. Withdrawal from Mpesa agent

MinimumMaximumCharges
Ksh 1Ksh 49N/A
Ksh 50Ksh 100Ksh 10
Ksh 101Ksh 500Ksh 27
Ksh 501Ksh 1,000Ksh 28
Ksh 1,001Ksh 1,500Ksh 28
Ksh 1,501Ksh 2,500Ksh 28
Ksh 2,501Ksh 3,500Ksh 50
Ksh 3,501Ksh 5,000Ksh 67
Ksh 5,001Ksh 7,500Ksh 84
Ksh 7,501Ksh 10,000Ksh 112
Ksh 10,001Ksh 15,000Ksh 162
Ksh 15,001Ksh 20,000Ksh 180
Ksh 20,001Ksh 35,000Ksh 191
Ksh 35,001Ksh 50,000Ksh 270
Ksh 50,001Ksh 70,000Ksh 300

b. ATM withdrawal

MinimumMaximumCharges
Ksh 200Ksh 2,500Ksh 34
Ksh 2,501Ksh 5,000Ksh 67
Ksh 5,001Ksh 10,000Ksh 112
Ksh 10,001Ksh 20,000Ksh 197

15 COMMENTS

  1. Wonderful blog! I found it while surfing around on Yahoo News.
    Do you have any suggestions on how to get listed in Yahoo News?
    I’ve been trying for a while but I never seem to get there!
    Many thanks

  2. The other day, while I was at work, my cousin stole my iPad and tested to
    see if it can survive a thirty foot drop,
    just so she can be a youtube sensation. My apple ipad
    is now destroyed and she has 83 views. I know this is completely off topic but I had
    to share it with someone!

  3. Good post. I learn something totally new and challenging on blogs
    I stumbleupon every day. It will always be exciting to read articles from other writers and practice something from their web sites.

  4. What i do not understood is in reality how you are now not really a lot more smartly-favored
    than you might be now. You are so intelligent.
    You recognize thus considerably in terms of this
    topic, produced me in my opinion believe it from so many various angles.
    Its like men and women don’t seem to be fascinated until it’s one thing to accomplish with Lady gaga!

    Your individual stuffs nice. Always handle it up!

  5. Today, I went to the beachfront with my kids. I found a sea shell and gave it to my4 year old daughter and said “You can hear the ocean if you put this to your ear.” She placed theshell to her ear and screamed. There was a hermit crab inside and it pinched her ear.She never wants to go back! LoL I know this is completely offtopic but I had to tell someone!

LEAVE A REPLY

Please enter your comment!
Please enter your name here