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

Richard Okenye  By
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Bank to MPESA charges
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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. 

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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 – 10000
101 – 5001011
501 – 1,0001213
1,001 – 1,5001420
1,501 – 2,5002325
2,501 – 3,5003335
3,501 – 5,0004345
5,001 – 7,5005555
7,501 – 20,0006565
20,000 – 150,0006765

NCBA to M-PESA, Airtel Money Charges

Amount (KES)To M-PESATo Airtel Money
1-10000
101-5001011
501-10001218
1001-15001420
1501-25002325
2501-35003335
3501-50004345
5001-75005555
7501-20,0006565
20,001-150,5006765

I&M Bank to M-PESA Charges

Amounts (KES)Charges
1-1000
101-50010
501-100012
1001-150014
1501-250023
2501-350033
3501-500043
5001-750055
7501-20,00065
20,001-150,00065

KCB to M-PESA Transaction Charges

Amount(KES)Charges
1 – 100Free
101 – 50011.20
501 – 1,00013.60
1,001 – 1,50016
1,501 – 2,50026
2,501 – 3,50038
3,501 – 5,00050
5,001 – 7,50064
7,501 – 20,00076
20,001 – 150,00078

National Bank to M-PESA, Airtel Money Transaction Charges

Amount(KES)To M-PESA To Airtel Money
1 – 10000
101 – 5001011
501 – 1,0001213
1,001 – 1,5001420
1,501 – 2,5002325
2,501 – 3,5003335
3,501 – 5,0004345
5,001 – 7,5005555
7,501 – 20,0006060
20,000 – 150,0006765

Family Bank to M-PESA, Airtel Money Charges 

Amount (KES)To M-PESA To Airtel Money
1 – 10000
101 – 5001011
501 – 1,0001213
1,001 – 1,5001420
1,501 – 2,5002325
2,501 – 3,5003335
3,501 – 5,0004345
5,001 – 7,5005555
7,501 – 10,0005555
10,001 – 15,0006565
15,001 – 20,0006565
20,001 – 150,0006765

Stanchart Bank to Mobile Money Charges

Amount (KES)To Mobile Money
1 – 1000
101 – 50011
501 – 1,00015
1,001 – 1,50018
1,501 – 2,50025
2,501 – 3,50035
3,501 – 5,00047
5,001 – 7,50057
7,501 – 20,00067
20,000 – 150,00070

Diamond Trust Bank to M-Pesa Charges

Amount (KES)To Mobile Money
1 – 1000
101 – 50011
501 – 1,00015
1,001 – 1,50018
1,501 – 2,50025
2,501 – 3,50035
3,501 – 5,00047
5,001 – 7,50057
7,501 – 20,00067
20,000 – 150,00070

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