Mpesa Withdrawal Charges | Cost of all Transactions on M-PESA

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Mpesa withdrawal charges – know the charge on all possible transactions with Mpesa. This includes the charge for sending money to registered M-Pesa users; the charge for sending money to non-registered users; the charge on atm withdrawals, and the charge on Mpesa agent withdrawals.

Awareness of these charges can save embarrassment. Also, it will enhance fluent and trustworthy transactions between friends, sellers and customers, businesses and their employees and other categories of Mpesa users.

However, before we dive into the topic of this article _mpesa withdrawal charges_ let us look at what Mpesa is all about.

What is M-Pesa? Mpesa, officially M-PESA, is a mobile money transaction system. It is a system that helps both registered M-Pesa users and non-registered users to send and receive monetary payments at any given time and location.

Also read: Mpesa withdrawal Charges 2022; Charges on all Mpesa Transactions

As a mobile transaction system, M-Pesa operates on the mobile phones of registered users. This implies that it can be used in any location regardless of the time.

Furthermore, Mpesa was introduced in Kenya by a notable telecommunication dealer, Safaricom, in 2007. The system has had a rapid growth as its usage now exceeds the boundaries of Kenya, extending to other neighbouring African countries.

However, the majority of M-Pesa users are Kenyans, little wonder it is the most successful payment system in the country. in Kenya, it is also known as Safaricom-Mpesa.

Nevertheless, while the M-Pesa mobile money system helps users to send and receive payments for free, there are few transaction fees for certain transaction limits. These charges on transactions are the M-Pesa transaction charges.

Mpesa transaction charges are grouped into two major categories. They are:

  • Mpesa withdrawal chrges; and
  • Mpesa transfer/sending charges.

Let us look at each of them one after the other.

Mpesa Withdrawal Charges

For every withdrawal made with Mpesa, there is a charge on it. for example, withdrawing Ksh. 600 will cost a service fee of Khs. 28. Similarly, withdrawing Ksh 20,000 will cost a service fee of Ksh 180. In this way, there are charges for any amount withdrawn with Mpesa.

However, these withdrawal charges differ on the mode of withdrawal. Generally, you can send or transfer money from your Mpesa account to another M-Pesa account or user, but cannot dispense/withdraw on your own.

To withdraw from Mpesa, the services of a Mpesa agent or atm are necessary to dispense your cash. In this same way, the charge on Mpesa withdrawals depends on whether a withdrawal is made through an ATM or through a Mpesa agent.

Having said this, let us look at the charges on withdrawing from an atm, and the charges on withdrawing from a Mpesa agent.

Mpesa Withdrawal Charges – Withdrawals Through Mpesa Agent

The charges on withdrawals through a Mpesa agent for any transaction limit are given in the table below:

Withdrawal Amount in Khs Charge on Withdrawal
1 – 49 Not specified
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 – 150,000 300

 

Mpesa Withdrawal Charges – Withdrawals Through an ATM

The charges on all Mpesa withdrawals through an atm are given in the table below:

Withdrawal Amount in Khs Charge on Withdrawal
200 – 2,500 34
2,501 – 5,000 67
5,001 – 10,000 112
10,001 – 20,000 197

Note: the minimum amount withdrawable from an atm is Khs. 200, and the maximum is Khs. 20,000.

Mpesa transfer charges

When transferring money to either a registered or non-registered M-Pesa user, the sender will pay a service fee and the recipient is not charged. Sequel to this, all deposit to your M-Pesa account is free of charge.

However, while non-registered users can receive money from Mpesa users, the former cannot send with Mpesa. Sequel to this, Mpesa transfer charges are in two categories which are: charge on sending to registered Mpesa users and charge on sending to non-registered Mpesa users.

Nevertheless, you can learn how to register on Mpesa here!

Mpesa transfer charges – sending to registered users

The transfer charges on payments to registered M-Pesa users for any possible amount are given in the table below:

Sending Amount in Ksh Charge on the Transaction(Ksh)
1 – 49 Free
50 – 100 Free
101 – 500 Free
501 – 1,000 Free
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 – 150,000 105

Mpesa transfer charges – sending to non-registered users

The M-Pesa transfer charges for sending money to non-registered users are given in the table below:

Sending amount in Khs Charge on the Transaction(Khs)
1 – 49 Not specified
50 – 100 Not specified
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 Not specified
50,001 – 150,000 Not specified

Conclusion

What is the minimum amount to withdraw on Mpesa?

The minimum amount withdrawable from an atm is Khs. 200, and the maximum is Khs. 20,000. The minimum amount withdrawable from a Mpesa agent is Khs. 10 and the maximum is Khs. 150,000.

What are the current Mpesa charges?

Mpesa transaction charges are grouped into two major categories. They are:

  • Mpesa withdrawal chrges; and
  • Mpesa transfer/sending charges.

How do Mpesa agents earn?

Mpesa agents earn commissions from Safaricom from the charges on any withdrawal they make for clients. Also, they also earn from making deposits into clients’ accounts.

What are the monthly earnings of M-Pesa agents?

Mpesa agents can earn up to Khs 50,000 depending on the traffic in the area.

Who owns Mpesa?

Mpesa was introduced in Kenya by the most popular network provider and telecommunication dealer in Kenya, Safaricom.

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