Safaricom has adjusted its M-PESA tariff. It is now possible to send and withdraw as low as Ksh. 50 from an M-PESA Agent! The new tariffs are as follows for withdrawals from the ATM and M-PESA shops (rates below apply to registered M-PESA customers) :
Amount Range | ATM withdrawal charges – Ksh. | M-PESA Agent withdrawal Ksh. |
---|---|---|
50-100 (not applicable for ATM) | NA | 15 |
101-1000(not applicable for ATM) | NA | 25 |
1001-2500 (200-2500 ATM) | 30 | 25 |
2,501 – 5,000 | 60 | 45 |
5,001 – 10,000 | 100 | 75 |
10,001 – 20,000 | 175 | 145 |
20,001 – 35,000 | N/A | 170 |
35,001 – 50,000 | N/A | 250 |
50,001 – 70000 | N/A | 300 |
The new charges for sending money to registered M-PESA user are:
Amount Range – Ksh. | Sending Charges (to a registered M-PESA Customer) Ksh. |
---|---|
50 – 100 | 10 |
101 – 35,000 | 30 |
35,001 – 50,000 | 50 |
50,001 – 70,000 | 60 |
Here is how you can withdraw money from your M-PESA account at any ATM countrywide belonging to Equity Bank, Diamond Trust Bank or Pesapoint.:
ATM withdrawal service is available to M-PESA registered customers.
To withdraw cash you will need to follow these instructions:
First on your phone:
- Select ‘ATM Withdrawal’ from the M-PESA menu
- Enter PesaPoint’s Agent Code (555 555) or Equity Bank Code (286286) or Diamond Trust Code (555 555)
- Enter your M-PESA PIN
- You will receive an SMS notification from M-PESA with a 6-digit authorization code. (The code expires after 2 hours and you will be expected to initiate the transaction afresh if you need to withdraw money again.)
Then on the ATM:
- Select the M-PESA button on the PesaPoint, Equity Bank or Diamond Trust Bank ATM
- Select your preferred language
- Enter the 6-digit ATM Authorization Code on the ATM keyboard.
- Enter your Safaricom mobile number.
- Enter the amount you wish to withdraw, press CONTINUE to proceed with transaction.
- ATM will dispense your cash and issue you with a receipt. You will also receive an SMS from M-PESA confirming the transaction and that is it!
It’s that simple!