Introduction
If you’re an avid user of Mpesa, you know that it’s one of the most convenient ways to send and receive money in Kenya. However, you may not be aware of the Mpesa withdrawal charges that come with using the service. In this article, we’ll take a closer look at these charges and what you need to know about them.
What Are Mpesa Withdrawal Charges?
Mpesa withdrawal charges are fees that you have to pay when you withdraw money from your Mpesa account. These charges vary depending on the amount of money you’re withdrawing and the agent you’re using to withdraw the money.
How Much Are the Charges?
The charges for withdrawing money from Mpesa depend on the amount you’re withdrawing. For example, if you’re withdrawing between Ksh 50 and Ksh 100, you’ll be charged Ksh 10. If you’re withdrawing between Ksh 101 and Ksh 500, you’ll be charged Ksh 27. The charges keep increasing as the amount you’re withdrawing increases.
What About Withdrawal Charges from ATMs?
If you’re withdrawing money from an ATM using your Mpesa account, the charges will depend on the ATM you’re using. Some ATMs charge a flat fee, while others charge a percentage of the amount you’re withdrawing. It’s important to check with your bank to find out the charges before withdrawing money from an ATM.
Are There Any Hidden Charges?
No, there are no hidden charges when it comes to Mpesa withdrawal charges. All the charges are transparent and can be found on the Safaricom website.
How to Avoid Mpesa Withdrawal Charges
If you want to avoid Mpesa withdrawal charges, you can use your Mpesa account to pay for goods and services directly without having to withdraw the money. You can also transfer the money to your bank account, which may have lower withdrawal charges.
Conclusion
Mpesa withdrawal charges are an important consideration if you’re a frequent user of the service. It’s important to understand the charges and how they vary depending on the amount you’re withdrawing and the agent you’re using. By understanding these charges, you can make informed decisions when it comes to using Mpesa.
