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Equity Bank to M-PESA, Airtel Money Charges for 2023

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Equity Bank to M-PESA, Airtel Money Charges for 2023

Kenn Abuya by Kenn Abuya
February 16, 2023
in How To
Reading Time: 2 mins read
603
6

At the start of 2023, Kenyan banks re-introduced bank-to-mobile money charges, which had been dropped by the CBK at the start of the pandemic to cushion Kenyans from economic constraints. Different banks announced their tariffs, including Equity, and upon looking at them, we realized they were mostly the same, with no clear winner in terms of value.

Loop, the neobank by NCBA, was not charging people at that time too, but after its massive overhaul and revamp, it introduced bank to mobile money fees.

For now, only I&M Bank doesn’t charge customers for the same. This development was announced yesterday, and it is a welcome move that we hope other lenders will follow.

In the meantime, these are the charges for sending money from Equity Bank to M-PESA and Airtel Money:

From (KES)To (KES)M-PESA (KES)Airtel Money (KES)
110000
1015001011
50110001213
100115001420
150125002325
250135003335
350150004345
500175005555
7501200006565
20001150,0006765
Tags: Airtel MoneyEquity Bank
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Kenn Abuya

Kenn Abuya

Kenn Abuya is a friend of technology, with bias in enterprise and mobile tech. Share your thoughts, tips and hate mail at [email protected]

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