Safaricom MPESA Charges: Withdrawals, Deposits, Mobile Money Transfers to ATM Withdrawals (2018)

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All Safaricom MPESA charges for withdrawals, deposits, transfer of money to registered and unregistered and other mobile money users and ATM withdrawals.

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We all know the bruhaha behind who invented MPESA. Vodafone, not be left behind, even went ahead and weighed in with its side of the story. Quite a story it is. But here is the thing, MPESA has been the biggest success story in Kenya's Fintech industry. Plus, its contribution to the Kenya's GDP is spectacular. Oh, and it's the biggest player amongst the Big Five in the market.

Assumming you are registered MPESA user (you have to do this at any MPESA agent near you), before you send your hard-earned c$$h via the service or withdraw some from the service you need to know a few regulations around it:

  1. The Maximum Account Balance is KSHs.100,000
  2. The Maximum Daily Transaction Value is KSHs.140,000 and the maximum per transaction is KSHs.70,000
  3. You cannot withdraw less than KSHs.50 at an M-PESA agent outlet
  4. To transact, your Safaricom line and M-PESA account must be active
  5. At an agent outlet, you cannot deposit money directly into another M-PESA customer's account
  6. You earn Bonga points when you transact on M-PESA.
  7. To register or transact at any M-PESA Agent outlet, you will be required to produce your original identification document, i.e., National ID, Passport, Military ID or Alien ID/Foreigner Certificate

That's it. So what are the charges for using the service?

1. Withdrawal Charges from M-PESA Agents

Min (KSH) Max (KSH) M-PESA Charges
1 49 N/A
50 100 10
101 500 27
501 1,000 28
1,001 1,500 28
1,501 2,500 28
2,501 3,500 50
3,501 5,000 67
5,001 7,500 84
7,501 10,000 112
10,001 15,000 162
15,001 20,000 180
20,001 35,000 191
35,001 50,000 270
50,001 70,000 300

2. Charges for Transfering Funds to Unregistered Users

Min (KSH) Max (KSH) M-PESA Charges
1 49 N/A
50 100 N/A
101 500 45
501 1,000 49
1,001 1,500 59
1,501 2,500 74
2,501 3,500 112
3,501 5,000 135
5,001 7,500 166
7,501 10,000 205
10,001 15,000 265
15,001 20,000 288
20,001 35,000 309
35,001 50,000 N/A
50,001 70,000 N/A

3. Charges for Transfering Funds to other M-PESA Users

Min (KSH) Max (KSH) M-PESA Charges
1 49 FREE*
50 100 FREE*
101 500 11
501 1,000 15
1,001 1,500 26
1,501 2,500 41
2,501 3,500 56
3,501 5,000 61
5,001 7,500 77
7,501 10,000 87
10,001 15,000 97
15,001 20,000 102
20,001 35,000 105
35,001 50,000 105
50,001 70,000 105

4. Charges for Transfering Funds to other Mobile Money Users

Min (KSH) Max (KSH) M-PESA Charges
1 49 N/A
50 100 N/A
101 500 11
501 1,000 15
1,001 1,500 26
1,501 2,500 41
2,501 3,500 56
3,501 5,000 61
5,001 7,500 77
7,501 10,000 87
10,001 15,000 97
15,001 20,000 102
20,001 35,000 105
35,001 50,000 105
50,001 70,000 105

5. Charges for ATM Withdrawals

Min (KSH) Max (KSH) M-PESA Charges
200 2,500 34
2,501 5,000 67
5,001 10,000 112
501 20,000 197

Remember, these are the new charges set by Safaricom and are effective 1st, July, 2018.

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