NCBA Bank to M-Pesa Charges 2024: Detailed Breakdown & Strategies to Minimize Costs

Explore the NCBA Bank to M-Pesa Charges 2024: Learn the new fees, how they affect you, and tips to minimize costs effectively in our comprehensive guide

Dec 21, 2023 - 09:00
Dec 21, 2023 - 09:02
NCBA Bank to M-Pesa Charges 2024: Detailed Breakdown & Strategies to Minimize Costs
Explore the NCBA Bank to M-Pesa Charges 2024: Learn the new fees, how they affect you, and tips to minimize costs effectively in our comprehensive guide

In Kenya, a bustling world of mobile money moves the economy, with NCBA Bank playing a key role. Think of NCBA as a friend who's been giving you free rides, and suddenly, in 2023, they start asking for gas money. That's right! Starting in January 2023, sending your cash from NCBA Bank to your M-Pesa wallet isn't free anymore. These charges are like a small ticket price every time you want to move your money to where it can buy you what you need. This blog will dive into these charges, how they'll affect your pocket, and some savvy ways to keep your costs down. So, let's get started on understanding these new fees and what they mean for your daily transactions!

Understanding NCBA to M-Pesa Charges

Background of Bank-to-M-Pesa Charges

In 2023, a change rolled out that had everyone talking: NCBA Bank started charging for transfers to M-Pesa. Why the sudden change? Well, it wasn't so sudden. During the tough times of COVID-19, the Central Bank of Kenya decided to make moving money cheaper to help everyone out. They said, "Let's not charge folks for transferring money to mobile wallets." It was like a financial breather for people during hard times. But as 2023 rolled in, they decided it was time to bring the charges back. Now, sending your cash from NCBA to M-Pesa has a little price tag on it​​.

The Impact of Charges on Users

Here's the deal: adding charges changes the game for people using NCBA to send money to M-Pesa. Imagine every time you send money, there's a little extra you have to pay. For some, it's a small nuisance, but for others, it adds up fast! It's especially noticeable when you're moving larger amounts. Suddenly, your 5,000 shillings cost more to send than they used to. It's like when you buy something, and the tax adds a surprise to your total. People are definitely feeling the pinch, and it's stirring up quite the conversation on how we all use our mobile money​​​​.

Detailed Breakdown of NCBA to M-Pesa Charges

Now, let's get into the nitty-gritty. How much more are we talking about? Here's a quick look:

1 – 100 0 0
101 – 500 10 11
501 – 1,000 12 18
1,001 – 1,500 14 20
1,501 – 2,500 23 25
2,501 – 3,500 33 35
3,501 – 5,000 43 45
5,001 – 7,500 55 55
7,501 – 20,000 65 65
20,000 – 150,000 67 65

Imagine you're buying snacks at different shops. At one shop, a small snack has a small extra cost, but as you buy more snacks or go to more expensive shops, the extra cost goes up. That's how these charges work. They grow with the amount you're sending. It's super important to know these numbers because they'll be part of your planning whenever you're sending money​​.

Navigating the New Charges

How Charges Affect Different Transaction Amounts

The new charges from NCBA to M-Pesa aren't just random numbers; they're carefully planned. For small amounts, the cost is low or even zero. It's like buying a single candy; the shopkeeper might not bother with the small change. But as you start moving more money, the charges increase. For example, sending between Ksh501 and Ksh1000 costs Ksh14.4, but if you're sending a hefty sum like Ksh20,001 to Ksh150,000, it jumps to Ksh80.4. It's a bit like when you're filling up a big tank of water; the more you fill, the heavier it gets. Each step up in the amount you send comes with a slightly heavier charge. So, it's smart to think about how much you're sending and when, to make sure you're not paying more than you need to​​.

NCBA to Airtel Money Charges

But wait, there's more! NCBA doesn't just talk to M-Pesa; it also sends money to Airtel Money. The charges are a bit different here. They start the same, with no charge for Ksh1 to Ksh100. But as you go higher, the numbers change. For instance, sending Ksh501 to Ksh1000 to Airtel Money will cost you Ksh21.6, a bit more than to M-Pesa. It's like choosing between two bus routes to the same place; one might be a bit cheaper or faster than the other. Knowing these differences can help you decide the best way to send your money, especially if you're looking to save a few shillings​.

Tips to Minimize Transaction Costs

Now, let's talk about keeping those costs down. Here are a few tips:

  1. Plan Your Transactions: If you can, bundle your money moves. Instead of sending small amounts many times, save up and send a bigger amount once. It's like buying in bulk to save on costs.
  2. Compare Services: Look at the charges for both M-Pesa and Airtel Money. Choose the one that's cheaper for the amount you're sending.
  3. Stay Informed: Charges can change, so keep an eye on any announcements from NCBA and the Central Bank of Kenya. It's like checking the weather before you go out; it helps you plan better.


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Joseph Richard Joseph Richard, a leading contributor to, uses his decade-long expertise in finance, business, and technology to offer clear, reliable guides and analyses. His work aids Kenyans in making informed financial and business decisions, earning him a reputation as a trusted industry authority.