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New M-PESA Charges; Rates revised in March 2012

1 March 2012 One Comment
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(Click above on tittle for a better view) Safaricom has revised its M-PESA charges as follows:

New Charges for Sending/Transferring Cash:

Minimum  Ksh. Max Ksh. Transfer to Registered Users   Ksh. Transfers to unregistered users Ksh.
10 49 (see note 3 below) N/A (see note 3 below)
50 100 5 N/A
101 500 25 60
501 1,000 30 60
1,001 1,500 30 60
1,501 2,500 30 60
2,501 3,500 30 80
3,501 5,000 30 95
5,001 7,500 50 130
7,501 10,000 50 155
10,001 15,001 50 200
15,001 20,000 50 215
20,001 25,000 75 250
25,001 30,000 75 250
30,001 35,000 75 250
35,001 40,000 75 N/A
40,001 45,000 75 N/A
45,001 50,000 100 N/A
50,001 70,000 100 N/A

 

Withdrawal Charges (From An M-PESA Agent)

Minimum     Ksh. Max   Ksh. Charges for withdrawal from M-PESA Agent Ksh.
10 49 N/A
50 100 10
101 500 25
501 1,000 25
1,001 1,500 25
1,501 2,500 25
2,501 3,500 45
3,501 5,000 60
5,001 7,500 75
7,501 10,000 100
10,001 15,001 145
15,001 20,000 160
20,001 25,000 170
25,001 30,000 170
30,001 35,000 170
35,001 40,000 250
40,001 45,000 250
45,001 50,000 250
50,001 70,000 300

 

Withdrawal Charges (From an ATM)

Minimum Max ATM Withdrawal fees:
200 2,500 30
2,501 5,000 60
5,001 10,000 100
10,001 20,000 175

(Learn how to withdraw money from an equity ATM on The Timpata here: http://www.thetimpata.com/2010/04/09/withdrawing-money-from-m-pesa-at-equity-bank-atms/ )

 

Charges for other transactions:

Other Transactions Ksh.
All Deposits Free
M-PESA Registration Free
Buying Airtime though M-PESA Free
M-PESA Balance enquiry 1
Change M-PESA PIN 20

 

NOTES:

  1. Maximum account balance Ksh. 100,00
  2. Maximum Daily Transaction value is Ksh. 140,000, however you can only transact up to Ksh. 70,000 per transaction.
  3. You cannot withdraw less than Ksh. 50 at an M-PESA agent outlet.
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