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Bank to M-Pesa Transaction Charges Across Banks in Kenya - 2023
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Bank to M-Pesa Transaction Charges Across Banks in Kenya - 2023

Money254
Sheila Brenda Andoi, Engagement Editor
February 10, 2023
Last updated:

The Central Bank of Kenya (CBK) reinstated charges for money transfers from bank accounts to mobile money wallets effective January 1, 2023

Bank-to-mobile money transfer fees were waived on March 16, 2020, in an effort to encourage individuals to use mobile money amid the Covid-19 pandemic.

On January 12, 2023, the High Court ordered Safaricom and banks to suspend the reinstatement of the bank-to-mobile charges pending the hearing and determination of a case challenging their legality.

However, at the time banks stated they would continue charging the transaction fees until CBK, the regulator, directed them to. 

Eleven days later, on January 23, 2023, on the mention of the case, the High Court declined to extend the orders suspending the reinstatement of the fees with Justice Mugure Thande citing the fact that the CBK and other parties were yet to be enjoined. 

Money254 has just completed a spot-check on the fees charged by Kenyan banks when you send money from your bank account to mobile wallets. 

Below we break down some of the bank-to-mobile charges for select commercial banks in Kenya. 

KCB to M-PESA Charges

Ksh1 - Ksh100                    - Ksh0

Ksh101 - Ksh500                - Ksh11.2

Ksh501 - Ksh1000              - Ksh 13.6

Ksh1001 - Ksh1500            - Ksh16

Ksh1501 - Ksh2500            - Ksh26

Ksh2501 - Ksh3500            - Ksh38

Ksh3501 - Ksh5000            - Ksh50

Ksh5001 - Ksh7500            - Ksh64

Ksh7501 - Ksh20000          - Ksh76

Ksh20001 - Ksh150000      -  Ksh78

Equity Bank to M-PESA Charges

Ksh1 - Ksh100                    - Ksh0

Ksh101 - Ksh500                - Ksh12

Ksh501 - Ksh1000              - Ksh 14.4

Ksh1001 - Ksh1500            - Ksh16.8

Ksh1501 - Ksh2500            - Ksh27.6

Ksh2501 - Ksh3500            - Ksh39.6

Ksh3501 - Ksh5000            - Ksh51.6

Ksh5001 - Ksh7500            - Ksh66

Ksh7501 - Ksh20000          - Ksh78

Ksh20001 - Ksh150000      -  Ksh90

NCBA Bank to M-PESA Charges

Ksh1 - Ksh100                    - Ksh0

Ksh101 - Ksh500                - Ksh12

Ksh501 - Ksh1000              - Ksh 14.4

Ksh1001 - Ksh1500            - Ksh16.8

Ksh1501 - Ksh2500            - Ksh27.6

Ksh2501 - Ksh3500            - Ksh39.6

Ksh3501 - Ksh5000            - Ksh51.6

Ksh5001 - Ksh7500            - Ksh66

Ksh7501 - Ksh20000          - Ksh78

Ksh20001 - Ksh150000      -  Ksh80.4

NCBA Bank to Airtel Charges

Ksh1 - Ksh100                    - Ksh0

Ksh101 - Ksh500                - Ksh13.2

Ksh501 - Ksh1000              - Ksh 21.6

Ksh1001 - Ksh1500            - Ksh 24

Ksh1501 - Ksh2500            - Ksh30

Ksh2501 - Ksh3500            - Ksh42

Ksh3501 - Ksh5000            - Ksh54

Ksh5001 - Ksh7500            - Ksh66

Ksh7501 - Ksh20000          - Ksh78

Ksh20001 - Ksh150000      -  Ksh78

Co-op Bank to M-PESA Charges

Ksh1 - Ksh100                    - Ksh0

Ksh101 - Ksh500                - Ksh24

Ksh501 - Ksh1000              - Ksh28.8

Ksh1001 - Ksh1500            - Ksh28.8

Ksh1501 - Ksh2500            - Ksh28.8

Ksh2501 - Ksh3500            - Ksh33.6

Ksh3501 - Ksh5000            - Ksh33.6

Ksh5001 - Ksh7500            - Ksh33.6

Ksh7501 - Ksh20000          - Ksh43.2

Ksh20001 - Ksh150000      -  Ksh60

Stanbic Bank to M-PESA Charges

Ksh1 - Ksh100                    - Ksh0

Ksh101 - Ksh500                - Ksh13.2

Ksh501 - Ksh1000              - Ksh18

Ksh1001 - Ksh1500            - Ksh21.6

Ksh1501 - Ksh2500            - Ksh30

Ksh2501 - Ksh3500            - Ksh42

Ksh3501 - Ksh5000            - Ksh56.4

Ksh5001 - Ksh7500            - Ksh68.4

Ksh7501 - Ksh20000          - Ksh80.4

Ksh20001 - Ksh150000      -  Ksh84

‍

Standard Chartered Bank to M-PESA Charges

Ksh1 - Ksh100                    - Ksh0

Ksh101 - Ksh500                - Ksh13.2

Ksh501 - Ksh1000              - Ksh18

Ksh1001 - Ksh1500            - Ksh21.6

Ksh1501 - Ksh2500            - Ksh30

Ksh2501 - Ksh3500            - Ksh42

Ksh3501 - Ksh5000            - Ksh56.4

Ksh5001 - Ksh7500            - Ksh68.4

Ksh7501 - Ksh20000          - Ksh80.4

Ksh20001 - Ksh150000      -  Ksh84

Diamond Trust Bank to M-PESA Charges

Ksh1 - Ksh100                    - Ksh0

Ksh101 - Ksh500                - Ksh13.2

Ksh501 - Ksh1000              - Ksh18

Ksh1001 - Ksh1500            - Ksh21.6

Ksh1501 - Ksh2500            - Ksh30

Ksh2501 - Ksh3500            - Ksh42

Ksh3501 - Ksh5000            - Ksh56.4

Ksh5001 - Ksh7500            - Ksh68.4

Ksh7501 - Ksh20000          - Ksh80.4

Ksh20001 - Ksh150000      -  Ksh84

Family Bank to M-PESA Charges

Ksh1 - Ksh100                    - Ksh0

Ksh101 - Ksh500                - Ksh12

Ksh501 - Ksh1000              - Ksh14.4

Ksh1001 - Ksh1500            - Ksh16.8

Ksh1501 - Ksh2500            - Ksh27.6

Ksh2501 - Ksh3500            - Ksh39.6

Ksh3501 - Ksh5000            - Ksh51.6

Ksh5001 - Ksh7500            - Ksh66

Ksh7501 - Ksh20000          - Ksh66

Ksh20001 - Ksh150000      -  Ksh80.4

Family Bank to Airtel Charges

Ksh1 - Ksh100                    - Ksh0

Ksh101 - Ksh500                - Ksh13.2

Ksh501 - Ksh1000              - Ksh21.6

Ksh1001 - Ksh1500            - Ksh24

Ksh1501 - Ksh2500            - Ksh30

Ksh2501 - Ksh3500            - Ksh42

Ksh3501 - Ksh5000            - Ksh54

Ksh5001 - Ksh7500            - Ksh66

Ksh7501 - Ksh20000          - Ksh78

Ksh20001 - Ksh150000      -  Ksh78

Bank of Africa to M-PESA Charges

Ksh1 - Ksh100                    - Ksh0

Ksh101 - Ksh500                - Ksh13.2

Ksh501 - Ksh1000              - Ksh18

Ksh1001 - Ksh1500            - Ksh21.6

Ksh1501 - Ksh2500            - Ksh30

Ksh2501 - Ksh3500            - Ksh42

Ksh3501 - Ksh5000            - Ksh56.4

Ksh5001 - Ksh7500            - Ksh68.4

Ksh7501 - Ksh20000          - Ksh80.4

Ksh20001 - Ksh150000      -  Ksh84

I&M Bank to M-PESA Charges

Ksh1 - Ksh100                    - Ksh0

Ksh101 - Ksh500                - Ksh12

Ksh501 - Ksh1000              - Ksh14.4

Ksh1001 - Ksh1500            - Ksh16.8

Ksh1501 - Ksh2500            - Ksh27.6

Ksh2501 - Ksh3500            - Ksh39.6

Ksh3501 - Ksh5000            - Ksh51.6

Ksh5001 - Ksh7500            - Ksh66

Ksh7501 - Ksh20000          - Ksh78

Ksh20001 - Ksh150000      -  Ksh78

Housing Finance Bank to M-PESA Charges

Ksh1 - Ksh100                    - Ksh0

Ksh101 - Ksh500                - Ksh13.2

Ksh501 - Ksh1000              - Ksh18

Ksh1001 - Ksh1500            - Ksh21.6

Ksh1501 - Ksh2500            - Ksh30

Ksh2501 - Ksh3500            - Ksh42

Ksh3501 - Ksh5000            - Ksh56.4

Ksh5001 - Ksh7500            - Ksh68.4

Ksh7501 - Ksh20000          - Ksh80.4

Ksh20001 - Ksh150000      -  Ksh84

ABSA Bank to M-PESA Charges

Ksh1 - Ksh100                    - Ksh0

Ksh101 - Ksh500                - Ksh13.2

Ksh501 - Ksh1000              - Ksh18

Ksh1001 - Ksh1500            - Ksh21.6

Ksh1501 - Ksh2500            - Ksh30

Ksh2501 - Ksh3500            - Ksh42

Ksh3501 - Ksh5000            - Ksh56.4

Ksh5001 - Ksh7500            - Ksh68.4

Ksh7501 - Ksh20000          - Ksh80.4

Ksh20001 - Ksh150000      -  Ksh84

No items found.

Sheila Brenda Andoi is a dedicated journalist, meticulous editor, and skilled communicator with a profound passion for maternal health. Her journey in the world of media and communication has been marked by a commitment to shedding light on crucial issues. Sheila's writing not only informs but also inspires and educates

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