Standard Chartered Bank Transfer to M-Pesa Charges: Amount Transacted Bank to Mobile Money Charges

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 have a Standard Chartered Bank account and want to transfer funds from your bank account to an M-Pesa account, in this article, we will provide a breakdown of the Bank to M-Pesa transfer charges for 2023.

Standard Chartered Bank to M-Pesa Transfer Charges 2023

Amount Transacted Bank to Mobile Money Charges
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

It is worth noting that these charges are subject to change at any time.

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Nigel Jr.
As a tech enthusiast and expert, Nigel Jr. is dedicated to providing in-depth and insightful content on all things technology. With a background in online journalism, product reviewing, and tech creation, Nigel has become a trusted source for all things tech.

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