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

The Central Bank of Kenya (CBK) in December 2022 announced that it will be reinstating charges for money transfers between bank accounts and mobile money wallets. This decision comes after commercial banks have been advocating for the return of these bank to M-PESA charges for months.

The charges were originally suspended on March 16, 2020, as a temporary measure to encourage the use of mobile money during the Covid-19 pandemic. They are now effective since 1st January 2023 at rates lower than before.

Here is a roundup of charges levied across different banks in Kenya as you make transfers from the bank to M-PESA.

Equity Bank to M-PESA, Airtel Money Charges

According to Equity, these charges will be exclusive of government taxes, meaning the actual charges could be higher.

Amount (KES)	To M-PESA	To Airtel Money
1 – 100	0	0
101 – 500	10	11
501 – 1,000	12	13
1,001 – 1,500	14	20
1,501 – 2,500	23	25
2,501 – 3,500	33	35
3,501 – 5,000	43	45
5,001 – 7,500	55	55
7,501 – 20,000	65	65
20,000 – 150,000	67	65

NCBA to M-PESA, Airtel Money Charges

Amount (KES)	To M-PESA	To Airtel Money
1-100	0	0
101-500	10	11
501-1000	12	18
1001-1500	14	20
1501-2500	23	25
2501-3500	33	35
3501-5000	43	45
5001-7500	55	55
7501-20,000	65	65
20,001-150,500	67	65

I&M Bank to M-PESA Charges

Amounts (KES)	Charges
1-100	0
101-500	10
501-1000	12
1001-1500	14
1501-2500	23
2501-3500	33
3501-5000	43
5001-7500	55
7501-20,000	65
20,001-150,000	65

KCB to M-PESA Transaction Charges

Amount(KES)	Charges
1 – 100	Free
101 – 500	11.20
501 – 1,000	13.60
1,001 – 1,500	16
1,501 – 2,500	26
2,501 – 3,500	38
3,501 – 5,000	50
5,001 – 7,500	64
7,501 – 20,000	76
20,001 – 150,000	78

National Bank to M-PESA, Airtel Money Transaction Charges

Amount(KES)	To M-PESA	To Airtel Money
1 – 100	0	0
101 – 500	10	11
501 – 1,000	12	13
1,001 – 1,500	14	20
1,501 – 2,500	23	25
2,501 – 3,500	33	35
3,501 – 5,000	43	45
5,001 – 7,500	55	55
7,501 – 20,000	60	60
20,000 – 150,000	67	65

Family Bank to M-PESA, Airtel Money Charges

Amount (KES)	To M-PESA	To Airtel Money
1 – 100	0	0
101 – 500	10	11
501 – 1,000	12	13
1,001 – 1,500	14	20
1,501 – 2,500	23	25
2,501 – 3,500	33	35
3,501 – 5,000	43	45
5,001 – 7,500	55	55
7,501 – 10,000	55	55
10,001 – 15,000	65	65
15,001 – 20,000	65	65
20,001 – 150,000	67	65

Stanchart Bank to Mobile Money Charges

Amount (KES)	To Mobile Money
1 – 100	0
101 – 500	11
501 – 1,000	15
1,001 – 1,500	18
1,501 – 2,500	25
2,501 – 3,500	35
3,501 – 5,000	47
5,001 – 7,500	57
7,501 – 20,000	67
20,000 – 150,000	70

Diamond Trust Bank to M-Pesa Charges

Amount (KES)	To Mobile Money
1 – 100	0
101 – 500	11
501 – 1,000	15
1,001 – 1,500	18
1,501 – 2,500	25
2,501 – 3,500	35
3,501 – 5,000	47
5,001 – 7,500	57
7,501 – 20,000	67
20,000 – 150,000	70

5 Comments

Informator :) says:

8 April, 2026 at 11:33 pm

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