Comparative Analysis of Bank to M-Pesa Charges in Kenya: From Most Affordable to Most Expensive

Bank to M-Pesa Charges in Kenya

In this article, we will compare the bank to M-Pesa charges from various Kenyan banks, starting from the most affordable options and progressing to the most expensive. By considering these charges, you can make informed decisions that align with your financial goals.

When it comes to transferring funds from bank accounts to M-Pesa in Kenya, understanding the charges involved is crucial for cost-effective financial management.

Comparative Analysis of Bank to M-Pesa Charges in Kenya

Here’s a comprehensive comparison table based on the specified transaction ranges:

BankKsh1 – Ksh100Ksh101 – Ksh500Ksh501 – Ksh1000Ksh1001 – Ksh1500Ksh1501 – Ksh2500Ksh2501 – Ksh3500Ksh3501 – Ksh5000Ksh5001 – Ksh7500Ksh7501 – Ksh20000Ksh20001 – Ksh150000
KCBKsh0Ksh11.2Ksh13.6Ksh16Ksh26Ksh38Ksh50Ksh64Ksh76Ksh78
Equity BankKsh0Ksh12Ksh14.4Ksh16.8Ksh27.6Ksh39.6Ksh51.6Ksh66Ksh78Ksh90
NCBA BankKsh0Ksh12Ksh14.4Ksh16.8Ksh27.6Ksh39.6Ksh51.6Ksh66Ksh78Ksh80.4
Family BankKsh0Ksh12Ksh14.4Ksh16.8Ksh27.6Ksh39.6Ksh51.6Ksh66Ksh66Ksh80.4
I&M BankKsh0Ksh12Ksh14.4Ksh16.8Ksh27.6Ksh39.6Ksh51.6Ksh66Ksh78Ksh78
ABSA BankKsh0Ksh13.2Ksh18Ksh21.6Ksh30Ksh42Ksh56.4Ksh68.4Ksh80.4Ksh84
Stanbic BankKsh0Ksh13.2Ksh18Ksh21.6Ksh30Ksh42Ksh56.4Ksh68.4Ksh80.4Ksh84
Standard Chartered BankKsh0Ksh13.2Ksh18Ksh21.6Ksh30Ksh42Ksh56.4Ksh68.4Ksh80.4Ksh84
Diamond Trust BankKsh0Ksh13.2Ksh18Ksh21.6Ksh30Ksh42Ksh56.4Ksh68.4Ksh80.4Ksh84
Co-op BankKsh0Ksh24Ksh28.8Ksh28.8Ksh28.8Ksh33.6Ksh33.6Ksh33.6Ksh43.2Ksh60
Housing Finance BankKsh0Ksh13.2Ksh18Ksh21.6Ksh30Ksh42Ksh56.4Ksh68.4Ksh80.4Ksh84
Bank of AfricaKsh0Ksh13.2Ksh18Ksh21.6Ksh30Ksh42Ksh56.4Ksh68.4Ksh80.4Ksh84
Comparative Table of Bank to M-Pesa Charges in Kenya

  1. KCB Bank charges the lowest fees for transactions in the given ranges, starting from Ksh0 for transactions up to Ksh100 and gradually increasing for higher transaction amounts.
  2. Equity Bank, NCBA Bank, Family Bank, I&M Bank, ABSA Bank, Stanbic Bank, Standard Chartered Bank, Diamond Trust Bank, Housing Finance Bank, and Bank of Africa have similar fee structures, with charges starting from Ksh0 for transactions up to Ksh100 and increasing gradually for higher transaction amounts.
  3. Co-op Bank stands out with a different fee structure. For transactions up to Ksh500, the fee is Ksh24, and for transactions between Ksh501 and Ksh1,000, the fee remains at Ksh28.8. It then decreases to Ksh33.6 for transactions between Ksh1,001 and Ksh3,500 before increasing again for higher transaction amounts.
  4. The fees charged by the banks generally increase as the transaction amounts increase, although the rate of increase varies between banks.
  5. The highest fees charged for transactions up to Ksh150,000 are Ksh84, which is the same for ABSA Bank, Stanbic Bank, Standard Chartered Bank, Diamond Trust Bank, Housing Finance Bank, and Bank of Africa.
  6. The fees charged by the banks are generally competitive, with most banks charging relatively similar amounts for transactions within the same ranges.
See also  Get to Know Equity Bank to M-Pesa Charges

Please note that this information is based solely on the provided table and might not include all possible details or recent updates. It’s always advisable to refer to the official websites or contact the respective banks for the most accurate and up-to-date information regarding their charges.

Leave a Reply

Your email address will not be published. Required fields are marked *