Mpesa Charges, Rates, Deposit, Withdrawal, Buy Goods And Services

Steve Oke Chapchap Market No Comments

Hi below are the M-pesa charges

What are the New Mpesa charges and rates and in Kenya for 2019 2020 2021 onwards? What are the New MPESA charges for withdrawal from an agent? And what is the cost of transferring money to an un-registered Safaricom Number?

In this article, we will answer all the above questions for the New Mpesa Rates, effective 1st June 2018.

We will look at what Safaricom is charging currently for their services. Now, the tariffs charges by telecommunication company, largely depends on the amount in question.

First, there are important staff to note down. To be registered as an Mpesa user is free. This can be done at the nearest MPESA AGENT.

In addition, depositing money is also zero rated. You don’t have to pay anything.

Thirdly, buying credit or bundles (data) for a Safaricom line is also free of any charges. However, if you buy for other networks, you will incur some costs. These include Orange Kenya and Airtel.

The Safaricom MPESA transfer and withdrawal charges only depends on one factor. The amount involved.

In a day, you can send a maximum of KSh. 140,000 using MPESA. However, the transaction limit is KSh. 70,000. Therefore, you will have to send the 140,000K in two batches.

Currently, it costs more amount to send money to an un-registered number in 2019.

New Withdrawal Cost from MPESA Agent (2019):

Min(KSHs.)	Max(KSHs.)	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	25,000	191
25,001	30,000	191
30,001	35,000	191
35,001	40,000	270
40,001	45,000	270
45,001	50,000	270
50,001	70,000	300

Transfer to other M-PESA Users Charges (New Rates) for 2019:

Min(KSHs.)	Max(KSHs.)	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	25,000	105
25,001	30,000	105
30,001	35,000	105
35,001	40,000	105
40,001	45,000	105
45,001	50,000	105
50,001	70,000	105

Transfer from M-PESA to Airtel Money New Charges for 2019:

Min(KSHs.)	Max(KSHs.)	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	25,000	105
25,001	30,000	105
30,001	35,000	105
35,001	40,000	105
40,001	45,000	105
45,001	50,000	105
50,001	70,000	105

Mpesa Transfer to T-Kash (Telkom Money) User Charges (New Rates) for 2019:

Min(KSHs.)	Max(KSHs.)	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	25,000	105
25,001	30,000	105
30,001	35,000	105
35,001	40,000	105
40,001	45,000	105
45,001	50,000	105
50,001	70,000	105

New MPESA Transfer Charges to Unregistered Users  (2019):

Min(KSHs.)	Max(KSHs.)	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	25,000	309
25,001	30,000	309
30,001	35,000	309
35,001	40,000	N/A
40,001	45,000	N/A
45,001	50,000	N/A
50,001	70,000	N/A

 

 

MPESA ATM Withdrawal Expense (2019 Update):

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

 

There are Importants things to take into consideration when using Safaricom Mpesa

1. The maximum amount of cash you can have in your line is KSHs.100,000
2. The maximum Daily Transaction limit is KSHs.140,000. While the maximum per transaction is KSHs.70,000
3. The minimum amount you can withdraw from your account is KSH. 50 at any Mpesa Agent or Outlet.
4. To carry out any transaction, the Safaricom line you have in your phone must be active. In addition, the Mpesa account must also be active.
5. At an agent outlet, you cannot deposit money directly into another M-PESA customer’s account. (haaaaaaha- this is the only Mpesa rule that most people can break)
6. When you transact on M-Pesa, you earn Bonga points.

What are the requirements for registering on M-Pesa as a user?

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, Diplomatic ID or Alien ID/Foreigner Certificate