Safaricom Mpesa Rates
Safaricom mpesa rates, fees, charges and tariffs for withdrawal and transfer will depend on the amount you are sending or withdrawing.
You can use your M-PESA menu to buy airtime for your phone, or for someone else. This service is free and you will only pay for the airtime purchased. Here are the safaricom mpesa rates …
MPesa Charges – Safaricom mpesa transactional charges and tariffs
Mpesa Charges – Withdrawal from M-PESA Agent
Kenyans will from July 1, 2018 have to dig deeper into their pockets as the new charges for the money transfer service MPesa take effect. In his budget reading, Treasury CS Henry Rotich revealed that customers would now be charged 12 percent up from 10 percent of every cost of money transfer
Transferring between Ksh.1-100 to other MPesa users will however still remain free. Majority of the country’s total subscribers are on Safaricom which makes a total of about 30 million.
Safaricom has managed to retain its position as market leader despite losing 1.2 million subscribers after the Opposition called for a boycott. Below are the new MPesa charges:
Mpesa Charges – Transfer to Unregistered Users
Mpesa Charges – Transfer to other M-PESA Users
Mpesa Charges – ATM Withdrawal
- Maximum Account Balance is Ksh 100,000
- Maximum Daily Transaction Value is Ksh 140,000.Maximum per transaction is Ksh70,000
- 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, Passport, Military ID, Diplomatic ID
|Cost to Send to M-PESA User||KSh 0.00|
|Cost to Send to Unregistered User||KSh 0.00|
|Cost to Withdraw from M-PESA Agent||KSh 0.00|
|Maximum to Withdraw from Agent||KSh 0.00|
|Cost to Withdraw from ATM||KSh 0.00|
|Maximum to Withdraw from ATM||KSh 0.00|
|Minimum Balance for a M-PESA User||KSh 0.00|
|Minimum Balance for an Unregistered User||KSh 0.00|
|Suggested Minimum Balance for M-PESA User||KSh 0.00|
|Suggested Minimum Balance for Unregistered User||KSh 0.00|
|Suggested Amount to Send||KSh 0.00|
Safaricom Mpesa Charges, Rates and Tariffs
New Mpesa Rates – What are the new Safaricom charges about?
With the new Mpesa rates, you now have the choice to select from more bands when you want to send money via M-PESA.
Mpesa Transfer Charges – Why can’t I transfer over Ksh35,000 to unregistered subscribers?
Due to Know Your Customer (KYC)/Anti Money Laundering (AML) policy set by the Central Bank of Kenya, we do not have the mandate to allow transfers of amounts over Ksh35,000.
Mpesa Rates – With the changes in tariffs, have you increased the amounts one can send?
No, the maximum amount one can send remains the same. You can send up to Ksh70,000 in one transaction. The maximum you can send in a day is Ksh140,000. You can only hold up to Ksh100,000 in your M-PESA account.
Mpesa Charges – What is the lowest amount of money I can send on M-PESA?
You can now send as little as Ksh10 on M-PESA. You can also make both payments at kiosks and micro-payments within the lower bands
Mpesa Rates – How much will it cost me to send Ksh 10?
It will cost you Ksh1 to send any amount between Ksh10 and Ksh50.
Mpesa Rates – How much will I be charged to send 1000 shillings?
The cost of sending between Ksh 501 to Ksh 5,000 is Ksh 15.
Mpesa Withdrawal Charges – How much does it cost to withdraw Ksh50?
It will now cost you Ksh 10 to withdraw between Ksh 50 and Ksh 100.
Mpesa Charges – How much will it cost me to withdraw Ksh 100?
The cost of withdrawing is Ksh 10 for registered M-PESA customers.
Mpesa Withdrawal Charges – Can I still withdraw at an ATM?
Yes you can. You are allowed to make multiple cash withdrawals from the ATM. However the maximum withdrawal amount is limited to Ksh70,000 per day. Withdrawals vary from Ksh20,000-Ksh30,000 depending on the ATM.
M-pesa Tarrifs – How do I know what else has changed with the tariffs?
Visit your agent outlet for more details on the tariffs. You can also visit our website www.safaricom.co.ke or call M-PESA customer care on 234.
Mpesa rates 2018 – When will the new tariffs take effect?
The new tariffs take effect on 1st July, 2014.