Starting January 2023, Kenyan banks will charge customers a fee (plus excise duty of 20%) when moving funds from their bank accounts to M-Pesa and Airtel Money mobile money wallets. Mobile money wallets will also charge fees when moving cash from the wallets to bank accounts. This change comes after the charges, which had been removed to cushion Kenyans during the COVID-19 pandemic, were waived.
If you bank with Family Bank and want to transfer funds from your bank account to your M-Pesa account, you may be wondering about the new charges. In this article, we will provide a breakdown of the Family Bank transfer charges for M-Pesa for 2023.
Family Bank Transfer to M-Pesa Charges 2023
| AMOUNT TRANSACTED | BANK TO M-PESA CHARGES |
|---|---|
| 1 – 100 | 0 |
| 101 – 500 | 10 |
| 501 – 1,000 | 12 |
| 1,001 – 1,500 | 14 |
| 1,501 – 2,500 | 23 |
| 2,501 – 3,500 | 33 |
| 3,501 – 5,000 | 43 |
| 5,001 – 7,500 | 55 |
| 7,501 – 10,000 | 55 |
| 10,001 – 15,000 | 65 |
| 15,001 – 20,000 | 65 |
| 20,001 – 150,000 | 67 |
It is worth noting that these charges are subject to change at any time.
Family Bank Transfer to Airtel Money Charges 2023
If you are a customer of Family Bank and want to transfer funds from your bank account to an Airtel Money account, in this article, we will provide a breakdown of the Family Bank transfer charges for Airtel Money for 2022.
| AMOUNT TRANSACTED | BANK TO AIRTEL MONEY CHARGES |
|---|---|
| 1 – 100 | 0 |
| 101 – 500 | 11 |
| 501 – 1,000 | 13 |
| 1,001 – 1,500 | 20 |
| 1,501 – 2,500 | 25 |
| 2,501 – 3,500 | 35 |
| 3,501 – 5,000 | 45 |
| 5,001 – 7,500 | 55 |
| 7,501 – 10,000 | 55 |
| 10,001 – 15,000 | 65 |
| 15,001 – 20,000 | 65 |
