Documenting finance

(2024) New Mpesa Agent Withdrawal Charges & ATM

Mpesa agent withdrawal charges

Understanding current Mpesa agent withdrawal charges is important.

Here’s why:

If you withdraw KES 2,510 today, it will cost you KES 52, while withdrawing 2,500, (ten shillings less) will only cost you KES 29.

Easily save Kshs 23 by being aware of mobile wallets’ transaction ranges.

If you really have to withdraw an amount that is more than 2,500, why not go for KES 3,500 and pay the same amount of KES 52?

This way, you wouldn’t have to go back to withdraw another 1000 shillings at a fee of KES 29, 3 days or so later.

This guide will delve into the specifics of M-Pesa agent withdrawal charges, offering insights to help you navigate these fees efficiently.

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Mpesa agent withdrawal charges

Amount withdrawn (Kshs)Withdrawal Charge (Ksh)
50 – 10011
101 – 250029
2,501 – 3,50052
3,501 – 5,00069
5,001 – 7,50087
7,501 – 10,000115
10,001 – 15,000167
15,001 – 20,000187
20,001 – 35,000197
35,001 – 50,000278
50,001 – 250,000309

Additional points:

  • You cannot withdraw less than Ksh 50 at an M-PESA agent outlet.
  • The minimum you can withdraw from Mpesa ATM is Kshs 200

How much to withdraw 5000 from Mpesa?

Withdrawing KES 5,000 from your M-Pesa account at an M-Pesa agent or ATM will cost you KES 69.

Withdrawing even a shilling more, i.e KES 5,001 hikes that withdrawal cost to KES 87 for agent withdrawals, and KES 115 for ATM withdrawals.

ATM withdrawal charges

Amount withdrawn (Kshs)Charge (Kshs)
200 – 250035
2501 – 5,00069
5,001 – 10,000115
10,001 – 35,000203

Tips for minimizing withdrawal charges

  1. Plan your withdrawals: Consolidating your withdrawals can save you money. Instead of multiple small withdrawals, plan for a single larger withdrawal.
  2. Understand the charges: Familiarize yourself with the current withdrawal charges. M-Pesa periodically updates its charges, so staying informed will help you make cost-effective decisions.
  3. Use an M-Pesa calculator: Safaricom and other financial websites offer an M-Pesa calculator tool. This tool helps you calculate the exact charges for your withdrawal amount, enabling you to know the costs upfront.
  4. Consider alternative transactions: If possible, pay directly using M-Pesa instead of withdrawing cash. Many merchants accept M-Pesa payments, which can be cheaper than withdrawing cash to make a payment. You could also leverage Lipa na Bonga if you have enough points.
Moneyspace Ke
Moneyspace Ke
We understand the hustle of everyday Kenyans – the drive to do more, save more, and be more, all while not earning just enough. At Money.ke, we aim to provide reliable information to help you build a scalable sidehustle business. Subscribe to find insights on financial products, practical saving tips, and viable business ideas in Kenya. 🇰🇪🤝📈.
Moneyspace Ke
Moneyspace Ke
We understand the hustle of everyday Kenyans – the drive to do more, save more, and be more, all while not earning just enough. At Money.ke, we aim to provide reliable information to help you build a scalable sidehustle business. Subscribe to find insights on financial products, practical saving tips, and viable business ideas in Kenya. 🇰🇪🤝📈.

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