The Central Bank of Kenya has announced that it will start charging fees for bank-to-mobile money transfers on January 1, 2023.
READ MORE: Family Bank to M-PESA, Airtel Money Charges Effective 2023
These fees were previously suspended during the COVID-19 pandemic but were requested to be reinstated by the financial industry in Kenya.
READ: Transaction Charges for Sending Money from National Bank to M-PESA, Airtel Money in 2023
The service of free transfers to mobile money wallets will no longer be available as of the new year and will now be subject to a transactional fee, with specific fees for NCBA Bank being provided.
READ AGAIN: Here Are KCB to M-PESA Transaction Charges Effective 2023
Here are the charges:
| Tariffs (KES) | To M-PESA in KES | To Airtel Money in KES |
| 1-100 | 0 | 0 |
| 101-500 | 10 | 11 |
| 501-1000 | 12 | 18 |
| 1001-1500 | 14 | 20 |
| 1501-2500 | 23 | 25 |
| 2501-3500 | 33 | 35 |
| 3501-5000 | 43 | 45 |
| 5001-7500 | 55 | 55 |
| 7501-20,000 | 65 | 65 |
| 20,001-150,500 | 67 | 65 |
READ MORE: Here Are I&M Bank to M-PESA Charges Effective 2023
