Mpesa has revolutionized mobile money transactions in Kenya and beyond, making it easier for millions to send and receive money, pay bills, and access financial services. One crucial aspect of using Mpesa is understanding the transaction charges. In this article, we will dive into how you can calculate Mpesa transaction charges, break down the Mpesa tariffs, and explore the latest rates in 2024.
An Mpesa transaction charges calculator is a handy tool designed to help users estimate the cost of sending and withdrawing money via Mpesa. The charges vary based on the amount being sent, withdrawn, or transferred to a bank, as well as whether the transaction is done between registered or unregistered users.
With the Mpesa transaction charges calculator, you can:
As of 2024, Safaricom has updated its Mpesa tariffs to reflect changes in transaction fees, focusing on making mobile money more accessible while aligning with regulatory guidelines. Here are the key tariffs for Mpesa transactions in 2024.
| Transaction Amount (KSh) | Charges (KSh) |
|---|---|
| 1 - 100 | Free |
| 101 - 500 | 6 |
| 501 - 1,000 | 12 |
| 1,001 - 1,500 | 22 |
| 1,501 - 2,500 | 32 |
| 2,501 - 3,500 | 51 |
| 3,501 - 5,000 | 55 |
| 5,001 - 7,500 | 75 |
| 7,501 - 10,000 | 87 |
| 10,001 - 15,000 | 97 |
| 15,001 - 20,000 | 102 |
| 20,001 - 35,000 | 105 |
| 35,001 - 50,000 | 105 |
| 50,001 - 150,000 | 105 |
| Withdrawal Amount (KSh) | Charges at Agent (KSh) | ATM Withdrawal Charges (KSh) |
|---|---|---|
| 1 - 100 | Not Applicable | Not Applicable |
| 101 - 500 | 27 | 34 |
| 501 - 1,000 | 28 | 34 |
| 1,001 - 1,500 | 28 | 34 |
| 1,501 - 2,500 | 28 | 67 |
| 2,501 - 3,500 | 50 | 67 |
| 3,501 - 5,000 | 67 | 67 |
| 5,001 - 7,500 | 84 | 67 |
| 7,501 - 10,000 | 112 | 112 |
| 10,001 - 15,000 | 162 | 112 |
| 15,001 - 20,000 | 197 | 197 |
| 20,001 - 35,000 | 303 | 197 |
| 35,001 - 50,000 | 303 | 197 |
| Transaction Amount (KSh) | Charges (KSh) |
|---|---|
| 1 - 100 | Free |
| 101 - 500 | 15 |
| 501 - 1,000 | 15 |
| 1,001 - 1,500 | 22 |
| 1,501 - 2,500 | 33 |
| 2,501 - 3,500 | 55 |
| 3,501 - 5,000 | 65 |
| 5,001 - 7,500 | 70 |
| 7,501 - 10,000 | 85 |
| 10,001 - 20,000 | 100 |
| 20,001 - 50,000 | 105 |
| Transaction Amount (KSh) | Charges (KSh) |
|---|---|
| 1 - 100 | Free |
| 101 - 500 | 45 |
| 501 - 1,000 | 49 |
| 1,001 - 1,500 | 59 |
| 1,501 - 2,500 | 74 |
| 2,501 - 3,500 | 112 |
| 3,501 - 5,000 | 135 |
| 5,001 - 7,500 | 166 |
| 7,501 - 10,000 | 205 |
| 10,001 - 15,000 | 260 |
| 15,001 - 20,000 | 300 |
| 20,001 - 35,000 | 308 |
There are several advantages to using a calculator for Mpesa transaction charges:
Knowing Mpesa transaction charges in advance can save you from unnecessary costs. Using the Mpesa transaction charges calculator ensures that you are always aware of the fees associated with sending, withdrawing, or transferring money. Whether you are a frequent Mpesa user or someone who occasionally relies on mobile money, understanding the tariff structure in 2024 will help you make informed decisions. Keep an eye on Safaricom’s updates for any changes in Mpesa tariffs and use the calculator to stay ahead.
By optimizing your Mpesa transactions, you can enjoy the convenience of mobile money without being caught off guard by charges.
Savanis