As we enter 2025, understanding mpesa transaction charges is more crucial than ever for anyone using this popular mobile money service. Whether you are sending money, withdrawing money, or making payments, being aware of the latest Mpesa charges will help you manage your finances effectively. This article breaks down the updated Mpesa charges for 2024, Mpesa charges chart, mpesa transaction costs calculator and everything you need to know ensuring you stay informed about how to minimize costs and make smarter financial decisions.
MPESA Charges Calculator
Key Takeaways
- MPESA charges have been updated for 2024, affecting various transaction types.
- Registered users face different fees compared to unregistered users, especially for transfers.
- ATM withdrawals have distinct charges and limits compared to agent withdrawals.
- Certain transactions like deposits, airtime purchases, and balance checks remain free.
- Understanding these charges can help manage your finances more effectively.
What Are MPESA Charges and Why Do They Matter?
Mpesa is the leading mobile money service in Kenya, offering unparalleled convenience in sending and withdrawing money. With millions of users relying on the platform for financial transactions, understanding its transaction charges is essential for managing costs effectively. Charges vary depending on the amount, type of transaction, and whether the recipient is registered with Mpesa. By staying informed about these charges, you can make informed decisions and optimize your use of this financial service.
MPESA Charges Charts
Transfer to MPESA Users, Pochi La Biashara, and Business Till to Customer
| Amount Range (KSh) | Transfer Charges (KSh) |
|---|---|
| 1 - 49 | Free |
| 50 - 100 | Free |
| 101 - 500 | 7 |
| 501 - 1,000 | 13 |
| 1,001 - 1,500 | 23 |
| 1,501 - 2,500 | 33 |
| 2,501 - 3,500 | 53 |
| 3,501 - 5,000 | 57 |
| 5,001 - 7,500 | 78 |
| 7,501 - 10,000 | 90 |
| 10,001 - 15,000 | 100 |
| 15,001 - 20,000 | 105 |
| 20,001 - 35,000 | 108 |
| 35,001 - 50,000 | 108 |
| 50,001 - 250,000 | 108 |
2. Transfer to Other Registered Mobile Money Users
| Amount Range (KSh) | Transfer Charges (KSh) |
|---|---|
| 1 - 49 | Free |
| 50 - 100 | Free |
| 101 - 500 | 7 |
| 501 - 1,000 | 13 |
| 1,001 - 1,500 | 23 |
| 1,501 - 2,500 | 33 |
| 2,501 - 3,500 | 53 |
| 3,501 - 5,000 | 57 |
| 5,001 - 7,500 | 78 |
| 7,501 - 10,000 | 90 |
| 10,001 - 15,000 | 100 |
| 15,001 - 20,000 | 105 |
| 20,001 - 35,000 | 108 |
| 35,001 - 50,000 | 108 |
| 50,001 - 250,000 | 108 |
3. Withdrawal from MPESA Agent
| Amount Range (KSh) | Withdrawal Charges (KSh) |
|---|---|
| 1 - 49 | N/A |
| 50 - 100 | 11 |
| 101 - 500 | 29 |
| 501 - 1,000 | 29 |
| 1,001 - 1,500 | 29 |
| 1,501 - 2,500 | 29 |
| 2,501 - 3,500 | 52 |
| 3,501 - 5,000 | 69 |
| 5,001 - 7,500 | 87 |
| 7,501 - 10,000 | 115 |
| 10,001 - 15,000 | 167 |
| 15,001 - 20,000 | 185 |
| 20,001 - 35,000 | 197 |
| 35,001 - 50,000 | 278 |
| 50,001 - 250,000 | 309 |
4. Withdrawal From ATM
| Amount Range (KSh) | Transfer Charges (KSh) |
|---|---|
| 200 - 2500 | 35 |
| 2,501 - 5,000 | 69 |
| 5,001 - 10,000 | 115 |
| 10,001 - 35,000 | 203 |
5. Overview of Unregistered User Transactions
Previously, if you were not registered, you could still receive money through Mpesa. You would get a voucher message and then head to an agent to claim your money. But things have changed in 2024. Safaricom has stopped allowing transfers to unregistered users. Now, if you want to receive money through Mpesa, you must have registered with a mobile money service.
Previous Charges for Unregistered Transfers
Back in the day, sending money to someone not registered on Mpesa came with its own set of fees. Here's how it looked:
| Transaction Range (Kshs) | Charge (Kshs) |
|---|---|
| 101 – 500 | 47 |
| 501 – 1,000 | 51 |
| 1,001 – 1,500 | 61 |
| 1,501 – 2,500 | 76 |
| 2,501 – 3,500 | 115 |
| 3,501 – 5,000 | 139 |
| 5,001 – 7,500 | 171 |
| 7,501 – 10,000 | 211 |
| 10,001 – 15,000 | 273 |
| 15,001 – 20,000 | 296 |
| 20,001 – 35,000 | 318 |
| 35,001 – 50,000 | 318 |
| 50,001 – 250,000 | 318 |
These charges were applied across all networks. If you were sending money to someone on Airtel or Telkom who wasn't registered, you'd face these same costs.
Other Mpesa Transactions
There are other Mpesa transactions that don't have transaction costs. They include:
- Mpesa registration
- All Mpesa Deposits
- Buying Airtime through Mpesa
- Checking Mpesa Balance
- Changing Mpesa PIN
Strategies to Minimize Mpesa Charges
To manage these costs effectively, users can adopt several strategies:
- Plan Transactions Wisely: Instead of making multiple small transactions, consider consolidating them into larger ones to save on transaction fees.
- Utilize Free Services: Take advantage of free services like buying airtime directly through MPESA, which is free.
- Explore Alternatives: Consider using other payment methods for transactions that incur higher fees, such as agent withdrawals.
Wrapping Up the New MPESA Charges
So, there you have it, the latest on MPESA charges for 2024. It's clear that keeping up with these changes can really help you save some cash. Whether you're sending money to a friend or withdrawing from an ATM, knowing the fees upfront means no surprises later. Plus, with tools like the MPESA calculator, managing your finances has never been easier. Just remember, staying informed is key. Keep checking for updates, and you'll be ahead of the game. Thanks for sticking around, and happy transacting!
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Frequently Asked Questions On Mpesa Charges
What is the maximum amount I can keep in my MPESA account?
You can keep up to KES 500,000 in your M-PESA account.
Are there any free MPESA transactions?
Yes, depositing money, buying airtime, and checking your balance are free.
Can I still send money to someone who isn't registered with MPESA?
No, as of February 5th, 2024, you can't send money to unregistered users.
What are the charges for withdrawing money from an ATM using M-PESA?
The fees range from KES 35 to KES 203, depending on the amount you withdraw.
How can I find out about any changes in M-ESA charges?
You can check for updates on Mpesa charges chart on the official Safaricom website or our website.
Is there a way to calculate my M-PESA transaction fees?
Yes, you can use the MPESA Charges Calculator to estimate your transaction costs.
