Here Are I&M Bank to M-PESA Charges Effective 2023

2

The Central Bank of Kenya has announced that it will begin charging fees for bank-to-mobile money transfers starting on January 1, 2023. The financial industry in Kenya had previously requested the reinstatement of these fees, which were suspended during the COVID-19 pandemic. The free service had been available to Kenyans for almost three years, but will no longer be offered as of the new year. Transfers to mobile money wallets will now be subject to a transactional fee, with specific fees for I&M Bank being provided.

Bank to M-PESA:

Amounts in KESFees in KES  
1-1000
101-50010
501-100012
1001-150014
1501-250023
2501-350033
3501-500043
5001-750055
7501-20,00065
20,001-150,00065

Till Number (Bank to merchant)

Amounts in KESFees in KES
0-70,00060
70,001-250,00080
250,001-300,000100

Paybill (Bank to Paybill)

Amounts in KESFees in KES
1-4917
50-10018
101-49948
500-99953
1000-149980
1500-249987
2500-4999114
5000-9999143
10,000-34,999170
35,000-49,999260
Previous articleTransaction Charges for Sending Money from National Bank to M-PESA, Airtel Money in 2023
Next articleFamily Bank to M-PESA, Airtel Money Charges Effective 2023
Kenn Abuya is a friend of technology, with bias in enterprise and mobile tech. Share your thoughts, tips and hate mail at [email protected]

2 COMMENTS

  1. I wish they could review depositing from personal mpesa to bank since it has been encouraging us to save.for us who are doing mpesa business,its a very hard season for us to get charged when depositing to our bank account and another extra fee when buying float,they should have considered this,kutoa pesa kwa personal acount to personal bank account iangaliwe.

  2. Mpesa charges to bank iangalilwe because we are going back to those we use to have alot of cash..this is discouraging savings

Comments are closed.