Articles in the MONEY & BANKING Category
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Money transfer service- M-PESA: Effective February 9th 2013 , Safaricom revised M-PESA transactions charges as follows. This is after the government imposed a 10% tax on all money transfer services.
Sending Charges
Minimum Ksh.
Max Ksh.
Transfer to Registered Users Ksh.
Transfers to unregistered users Ksh.
10
49
3 (see note 3 below)
N/A (see note 3 below)
50
100
5
N/A
101
500
27
66
501
1,000
33
66
1,001
1,500
33
66
1,501
2,500
33
66
2,501
3,500
33
88
3,501
5,000
33
105
5,001
7,500
55
143
7,501
10,000
55
171
10,001
15,001
55
220
15,001
20,000
55
237
20,001
25,000
82
275
25,001
30,000
82
275
30,001
35,000
82
275
35,001
40,000
82
N/A
40,001
45,000
75
N/A
45,001
50,000
110
N/A
50,001
70,000
110
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
27
501
1,000
27
1,001
1,500
27
1,501
2,500
27
2,501
3,500
49
3,501
5,000
66
5,001
7,500
82
7,501
10,000
110
10,001
15,001
159
15,001
20,000
176
20,001
25,000
187
25,001
30,000
187
30,001
35,000
187
35,001
40,000
275
40,001
45,000
275
45,001
50,000
275
50,001
70,000
330
Withdrawal charges (from an ATM)
Minimum
Max
ATM Withdrawal fees:
200
2,500
33
2,501
5,000
66
5,001
10,000
110
10,001
20,000
193
(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 …
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To check how much loan you qualify to get, dial *234*6#
In order to qualify for a loan you will have to be an active M-PESA user for at least 6 months, save regularly on M-Shwari account and continuously use other Safaricom services such as Voice, DATA and M-PESA. You will also need to have deposited some money into your M-Shwari account.
You can borrow a minimum of Ksh. 100. The maximum depends on your loan limit which you can get by dialing *234*6# The loan is payable in 30 days plus …
FEATURED, Mobile Solutions, Mobile Telephony, MONEY & BANKING, TECHNOLOGY, UTILITIES »
M-Shwari allows you to own and operate a savings account on your phone. The savings account is available to all M-PESA users who activate MShwari accountt on their phone.
HOW TO ACTIVATE M-Shwari:
On M-PESA menu select ‘My Account’
Select ‘Update Menu’
Wait for the menu to update
Go back to M-PESA menu
Select M-Shwari Read and accept the terms and conditions.
You will then receive an SMS confirming your activation.
HOW TO DEPOSIT MONEY FROM M-PESA TO MSHWARI:
Go to ‘M-PESA’ menu and select ‘M-Shwari.
Select ‘Send to Bank.
Enter PIN.
Confirm the message displayed “send money to bank Kshs 2000″ …
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If you have already registered and obtained a PIN number, it is now possible to print and re-print the PIN certificate from KRA’s website. To print your KRA PIN certificate, follow this processNOTE: You shall require to have your PIN Number
1. Log on to the KRA online portal her : http://www.kra.go.ke/index.php/kra-portal
2. If you are new to KRA’s online services, select the option “Get Password Existing Taxpayer” Folllow the prompts and tis process will send you a password and a Signature Stap to your email address which you shall useto log …
FEATURED, HEADLINE, Mobile Solutions, MONEY & BANKING »
You can now get a list of the last 5 transactions in your M-PESA account via SMS on your phone.
To get this statement, press *234# and select ‘MPESA Mini-statement’. You will receive the statement in form of an SMS. (This service is free)
This is a List of ALL transactions including Transfers, Withdrawals and purchase of airtime that you have done on your phone. Any transaction will be listed in this statement after about 60 seconds.
This service is particularly helpful to ‘catch’ the fraudstars, who call you claiming that they have sent …
FEATURED, Mobile Solutions, Mobile Telephony, MONEY & BANKING, TECHNOLOGY »
All M-Pesa registered customers can now withdraw amounts ranging from KES 200 – 20,000 from any PesaPoint ATM countrywide. Here is how to do it.
Walk to any Pesapoint ATM then
On your phone go to M-PESA and select ‘ATM withdrawal’ (if you can not see ‘ATM Withdrawal’ from your M-PESA menu, you will need to update your menu. Scroll down the M-PESA menu and select ‘My Account’ then select ‘Update Menu’.)
Enter the agent code as 555 555 press Ok
Enter your M-PESA PIN and press ok.
You’ll receive a one-time authorisation code via SMS on …
FEATURED, Mobile Solutions, MONEY & BANKING, UTILITIES »
Orange Money is a money transfer service that is linked to a bank account (Unlike other money transfer services) to allow customers access financial services using their Orange mobile phone numbers. When you register for Orange Money you actually get a special Bank Account that sits at Equity bank which you will now operate on your Orange Phone.
If you have an existing Equity account, you do not need to open a new one to access Orange Money – you can just link your existing account to Orange Money.
HOW ORANGE MONEY …
FEATURED, Mobile Solutions, MONEY & BANKING, TECHNOLOGY, UTILITIES »
You can now get the just launched Orange VISA Debit Card from an Orange Shop, Orange Money outlet, Equity Agent or Equity Bank branch.
REQUIREMENTS FOR APPLICATION ( You need not have Orange Money account when applying for this debit card)
Present original and copy of ID Card to any Orange Shop, Orange Money outlet, Equity Agent or Equity Bank branch.
Have an active Orange line
Complete the existing Orange Money Customer Application Form (remember to indicate the Equity Bank Branch where you will prefer to collect your card)
Submit to agent/ bank official
Wait for the card …
Mobile Solutions, Mobile Telephony, MONEY & BANKING »
(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
3 (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:
Maximum account balance Ksh. 100,00
Maximum Daily Transaction value is Ksh. …

