Do you want to know the Safaricom MPESA withdrawal and transaction charges for sending money in Kenya in 2024?
If YES, then this is the only post to read today.
MPESA is a microfinance and mobile money transfer system launched by Vodafone and developed by Safaricom and Vodacom, the two largest cell phones operators in Kenya and Tanzania.
It is the most trusted service in Tanzania, with over 5 million Tanzanians using MPESA.
By 2012, approximately 17 million of accounts have been registered in Kenya.
The service has been praised for providing millions of people with access to the “formal” financial system.
It has also helped reduce crime in societies largely based on cash exchanges.
With MPESA, you can easily send or receive money from over 160 countries instantly to and from your MPESA wallet through a wide range of partner globally.
Getting started…
MPESA Charges
These are charges that a customer incurs depending on the amount of transaction and the transaction type, i.e., sending or withdrawing.
Below are MPESA Tariffs.
| Transaction Range (Kshs) | |||||
| Min | Max | Transfer to other
MPESA users |
Transfer to unregistered users | Transfer to other MPESA users, Pochi La Biashara, and Business Till to customer | Withdrawal from MPESA Agent |
| 1 | 49 | FREE | N/A | FREE | N/A |
| 50 | 100 | FREE | N/A | FREE | 10 |
| 101 | 500 | 6 | 45 | 6 | 27 |
| 501 | 1,000 | 12 | 49 | 12 | 28 |
| 1,001 | 1,500 | 22 | 59 | 22 | 28 |
| 1,501 | 2,500 | 32 | 74 | 32 | 28 |
| 2,501 | 3,500 | 51 | 112 | 51 | 50 |
| 3,501 | 5,000 | 55 | 135 | 55 | 67 |
| 5,001 | 7,500 | 75 | 166 | 75 | 84 |
| 7,501 | 10,000 | 87 | 205 | 87 | 112 |
| 10,001 | 15,000 | 97 | 265 | 97 | 162 |
| 15,001 | 20,000 | 102 | 288 | 102 | 180 |
| 20,001 | 35,000 | 105 | 309 | 105 | 191 |
| 35,001 | 50,000 | 105 | N/A | 105 | 270 |
| 50,001 | 150,000 | 105 | N/A | 105 | 300 |
| Other Transactions | MPESA Charges |
| All deposits | FREE |
| MPESA Registration | FREE |
| Buy Airtime through MPESA | FREE |
| MPESA balance inquiry | FREE |
| Change MPESA PIN | FREE |
| ATM WITHDRAWAL | ||
| Min (Kshs) | Max (Kshs) | MPESA Charges |
| 200 | 2,500 | 34 |
| 2,501 | 5,000 | 67 |
| 5,001 | 10,000 | 112 |
| 10,001 | 20,000 | 197 |
Note:
- Maximum Account Balance is Kshs.300,000.
- Maximum daily transaction value is kshs.300,000.
- Maximum amount per transaction is Kshs.150,000.
- The minimum amount you can withdraw at an MPESA Agent is Kshs.50.
- To start MPESA person to person self-reversal, send the transaction confirmation to 456.
- To transact, your Safaricom line and MPESA account must be active.
- One can deposit funds only into an MPESA account registered under their own identification document (ID).
- Depositing directly into third party accounts is not allowed.
- You will earn Bonga Points from the MPESA fee charged when you transact.
- To transact at any MPESA agent outlet, you will be required to produce your original identification document with which the MPESA was registered, i.e., National ID or Kenyan Passport.
- Dial *334# to view application charges or use the MPESA cost calculator on My Safaricom App.
Conclusion
Current Safaricom Mpesa charges for sending and withdrawing money though a Safaricom agent, ATM and MPESA tariffs when transferring cash both to registered and non-registered MPESA users.
All MPESA deposits are free.
There are no charges when buying Safaricom airtime through MPESA.
MPESA is one of the top ways to get paid online.
The low MPESA charges have helped freelance workers make money online from home.
READ ⇒ 11 Legit Ways to Make Money in Kenya (Online and Offline)
