Equity Bank to M-Pesa transfer Charges 2023

Equity Bank has also announced that it will be re-introducing charges for bank-to-M-Pesa transfers in January 2023. These charges had previously been waived to help cushion the impact of COVID-19 on Kenyans.

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

The charges for bank to M-Pesa transfers are as follows:

Equity Bank to M-Pesa transfer Charges 2023

AMOUNT TRANSACTED BANK TO M-PESA CHARGES BANK TO AIRTEL MONEY CHARGES
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

It is important for customers to be aware of these charges and to plan their financial transactions accordingly.


Discover more from Techspace Africa

Subscribe to get the latest posts sent to your email.

Top Stories

More from this stream

Discover more from Techspace Africa

Subscribe now to keep reading and get access to the full archive.

Continue reading