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Central Bank of Kenya has just announced that it will begin charging bank-to-mobile transfers from January 1, 2023. This is because the financial industry in Kenya has applied for the fees to be reinstated.
family bank to Mpesa, Airtel money withdrawal charges photoThey were removed during the pandemic. Until now, Kenyans have been able to use this service for free for almost three years, but that is coming to an end. From now on, every time you want to transfer money to a mobile wallet, you need to have to pay a fee. Family Bank also charges specific fees.
family bank to Mpesa, Airtel money Withdrawal charges photoCharges
Transaction range in KES | M-PESA Charge in KES | Airtel Money charge in KES |
1-100 | 0 | 0 |
101-500 | 10 | 11 |
501-1000 | 12 | 13 |
1001-1500 | 14 | 20 |
1501-2500 | 23 | 25 |
2501-3500 | 33 | 35 |
3501-5000 | 43 | 45 |
5001-7500 | 55 | 55 |
7501-10,000 | 55 | 55 |
10,001-15,000 | 65 | 65 |
15,001-20,000 | 65 | 65 |
20,001-150,000 | 67 | 65 |