Absa Bank Kenya M-Pesa and Airtel Money Withdrawal Charges for 2023: A Comprehensive Guide
Learn about the M-Pesa and Airtel Money withdrawal charges for Absa Bank Kenya customers in 2023. Find out how much it will cost you to access cash through these mobile wallet services, and how the charges vary based on the amount you are withdrawing.
Absa Bank Kenya is a leading financial institution in the country, offering its customers a range of banking and financial services. In recent years, the bank has partnered with M-Pesa and Airtel Money to allow its customers to access their accounts and transact using their mobile phones.
Withdrawing money from your M-Pesa or Airtel Money account is a convenient way to access cash, especially when you do not have a debit card or cannot visit a bank branch. However, it is essential to know how much it will cost to make these withdrawals, as the charges can vary depending on the amount of money you are withdrawing and the type of mobile wallet you use.
Absa Bank Kenya M-Pesa Withdrawal Charges for 2023
M-Pesa is a mobile wallet service provided by Safaricom, the largest telecommunications company in Kenya. If you are an Absa Bank Kenya customer and want to withdraw money from your M-Pesa account in 2023, the following charges will apply:
| Transaction bands (Kshs) | Transaction charges (Kshs) |
|---|---|
| 1 - 100 | Free |
| 101 - 500 | 11 |
| 501 - 1,000 | 15 |
| 1,001 - 1,500 | 18 |
| 1,501 - 2,500 | 25 |
| 2,501 - 3,500 | 35 |
| 3,501 - 5,000 | 47 |
| 5,001 - 7,500 | 57 |
| 7,501 - 20,000 | 67 |
| 20,001 - 150,000 | 70 |
As you can see from the table above, the charges for withdrawing money from your M-Pesa account through Absa Bank Kenya vary depending on the amount of money you are starting. For example, if you want to begin with Kshs 500, the charge will be Kshs 11. However, if you wish to begin with Kshs 1,500, the order will be Kshs 18.
It is important to note that these charges are subject to change at any time, so it is a good idea to check with Absa Bank Kenya or Safaricom for the most up-to-date information.
Absa Bank Kenya Airtel Money Withdrawal Charges for 2023
Airtel Money is a mobile wallet service provided by Airtel, one of the leading telecommunications companies in Kenya. If you are an Absa Bank Kenya customer and want to withdraw money from your Airtel Money account in 2023, the following charges will apply:
| Transaction bands (Kshs) | Transaction charges (Kshs) |
|---|---|
| 1 - 100 | Free |
| 101 - 500 | 10 |
| 501 - 1,000 | 15 |
| 1,001 - 1,500 | 20 |
| 1,501 - 2,500 | 25 |
| 2,501 - 3,500 | 30 |
| 3,501 - 5,000 | 40 |
| 5,001 - 7,500 | 50 |
| 7,501 - 20,000 | 60 |
| 20,001 - 150,000 | 70 |
Like M-Pesa, the charges for withdrawing money from your Airtel Money account through Absa Bank Kenya vary depending on your starting amount. For example, if you want to begin with Kshs 500, the charge will be Kshs 10. However, if you wish to start with Kshs 1,500, the order will be Kshs 20.
It is important to note that these charges are subject to change at any time, so it is a good idea to check with Absa Bank Kenya or Airtel for the most up-to-date information.
Conclusion
Withdrawing money from your M-Pesa or Airtel Money account through Absa Bank Kenya is a convenient way to access cash. Still, knowing how much it will cost you is essential. Using the information in this comprehensive guide, you can make informed decisions about when and how to withdraw money from your mobile wallet. Remember to check with Absa Bank Kenya or the mobile wallet provider for the most up-to-date information on withdrawal charges.
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