Safaricom Mpesa Charges 2020: Mpesa Withdrawal Charges and Rates

 Posted in M-pesa Kenya, M-pesa Pay Bill  Updated; on October 24th, 2020  By Harrison M

Current Safaricom Mpesa charges for sending and withdrawing money though a Safaricom agent, ATM and M-pesa tariffs when transferring cash both to registered and non-registered Mpesa users. All Mpesa deposits are free. There are no Mpesa 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. They get paid to write through part time jobs. Data entry home jobs is one of the ways to make money online from home (Read: Online Jobs in Kenya That Pay through Mpesa).

The many profitable business opportunities in Kenya have made mobile money payment popular. Mpesa registration is free and there are no charges when you generate your Safaricom Mpesa statement. However, Mpesa charges and rates went up a little in July 2018.

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This is after Treasury CS Henry Rotich increased excise duty on all mobile money transfers by 2 per cent, to the current rate of 12%. According to the CS, some of the extra revenue that the Kenyan government will collect through this increase in tax will be used to provide support for social development programs. These include universal healthcare.

  1. New Mpesa Rates 2020
  2. Safaricom Mpesa Charges for Agent and Mpesa to Mpesa 2020
  3. Mpesa Rates for Unregistered and other Mobile Money Network Users
  4. Safaricom Mpesa Withdrawal Charges for ATM
  5. Mpesa Charges Calculator
  6. New Mobile Money Tax of July 2018
  7. Recent Mobile Money Updates:
  8. Important Information about M-Pesa

New Mpesa Rates 2020

The new mobile money transfer tax came into effect on July 1st 2018, through the 2018 Finance Bill. Safaricom Kenya Mpesa transfer and withdrawal charges depend on the amount in the transaction. The maximum one can send using Mpesa is Ksh 150,000 per transaction. The maximum daily M-pesa transaction limit is Ksh 300,000. It costs a little more to send money to non-registered subscribers.

As indicated in the Mpesa charges table below, you can not withdraw less than Ksh 50 from an Mpesa agent but you can transfer any amount up to Ksh 150,000 to another Mpesa user. Use the Mpesa rates calculator to get Mpesa fees for sending or withdrawing any amount. Here are the Safaricom Mpesa rates for 2020.

Safaricom Mpesa Charges for Agent and Mpesa to Mpesa

Min (Ksh) Max (Ksh) Withdraw From M-PESA Agent Transfer to other M-PESA Users
1 49 N/A Free
50 100 10 Free
101 500 27 Free
501 1,000 28 Free
1,001 1,500 28 26
1,501 2,500 28 41
2,501 3,500 50 56
3,501 5,000 67 61
5,001 7,500 84 77
7,501 10,000 112 87
10,001 15,000 162 97
15,001 20,000 180 102
20,001 35,000 191 105
35,001 50,000 270 105
50,001 150,000 300 105

Mpesa Rates for Unregistered and other Mobile Money Network Users

The following are the Mpesa tariffs for sending money from M-Pesa to unregistered numbers and other mobile money network users.

Min (Ksh) Max (Ksh) Transfer to other Mobile Money Users Transfer to Unregistered Users
1 49 N/A N/A
50 100 N/A N/A
101 500 11 45
501 1,000 15 49
1,001 1,500 26 59
1,501 2,500 41 74
2,501 3,500 56 112
3,501 5,000 61 135
5,001 7,500 77 166
7,501 10,000 87 205
10,001 15,000 97 265
15,001 20,000 102 288
20,001 35,000 105 309
35,001 50,000 105 N/A
50,001 150,000 105 N/A

Safaricom Mpesa Withdrawal Charges for ATM

Mpesa Transaction Range (Ksh)
Min (Ksh) Max (Ksh) Mpesa Charges
200 2,500 34
2,501 5,000 67
5,001 10,000 112
10,001 20,000 197

Here is a simple but accurate Mpesa charges calculator. Just enter the amount (without commas) to get the various Mpesa charges for sending and withdrawing money. The amounts shown are in Kenyan Shillings.

Recent Mobile Money Updates:
  • Since March 2020 (when the first Coronavirus/ Covid-19 cases were confirmed in Kenya), Safaricom has waived charges for all person-to-person, M-pesa to M-pesa transactions below KSh 1,000
  • New M-Pesa transaction limit is now KSh 150,000. Daily maximum is KSh 300,000
  • You can now hold up to KSh 300,000 in your M-PESA wallet
  • Commercial banks have eliminated charges for transfers between a bank account and any mobile money wallet (including M-PESA, Airtel Money and Telkom's T-Kash)
  • The rates indicated on this page were last updated on Monday, June 01, 2020 using data obtained from Safaricom's M-Pesa charges page that is available here.
  • Please Do Not Copy and Paste any of the content on this page on to your website. Create your own content.

Safaricom Mpesa Charges

NOTE:

  • Maximum Account Balance allowed is Ksh 300,000.
  • The maximum Daily Transaction Value is Ksh 300,000. Maximum per transaction is Ksh 150,000
  • You cannot withdraw less than Ksh 50 at an M-PESA agent outlet.
  • To transact, your Safaricom line and M-PESA account must be active.
  • At an agent outlet, you cannot deposit money directly into another M-PESA customer’s account.
  • You earn Bonga points when you transact on M-PESA.
  • To register or transact at any M-PESA Agent outlet, you will be required to produce your original identification document, i.e., National ID or Kenyan Passport.

These Mpesa charges apply for all transactions, even when depositing to SportPesa and withdrawing money from Betika, SportPesa, Shabiki (Shabiki jackpot games today predictions) and Mcheza.