Since the introduction of MTN Mobile Money, some customers and vendors/agents have been involved in a squabble over charges on MoMo transactions because several MoMo users are ignorant of such issues.
However, we recommend that all consumers understand the exact MTN mobile money Tariffs that they are expected to pay in order to gain an advantage while utilizing these services.You may send and receive money, top up MTN airtime, pay bills (DStv, ECG Postpaid,
MTN Postpaid, School fees, and more), buy and pay for insurance, employee wages, plane tickets, and other products and services with MTN money. In the following piece, we aim to educate MTN Momo users about the charges involved in transactions as ell as their MoMo Transaction Limits.
Below are the Charges for Mobile Money Transactions, Airtime Top-Up, Bill Payment, Money Withdrawal, and more.
Fees for MTN MoMo Transactions.
| Transaction Point | Services | Minimum Value GHC | Maximum Value GHS | MoMo Charge | Tax Charge |
| Subscriber | *Money Transfer (P2P) | 1 | 50 | GHS0.38 | 1.50% |
| Above 50 | 1000 | 0.75% | |||
| Above 1000 | N/A | GHS7.50 | |||
| Money Transfer ( to Merchant MSISDN) | 1 | 50 | GHS0.50 | *N/A | |
| Above 50 | 1000 | 1% | |||
| Above 1000 | N/A | GHS10 | |||
| MoMo Pay (Merchant ID & QR) | 1 | 1000 | 0.5% | *N/A | |
| Above 1000 | N/A | GHS5 | |||
| Money Transfer (A2C) | 1 | 50 | GHS1.5 | N/A | |
| Above 50 | 1000 | 3% | |||
| Above 1000 | N/A | GHS30 | |||
| Transfer to Other networks | 1 | 50 | GHS0.38 | 1.50% | |
| Above 50 | 1000 | 0.75% | |||
| Above 1000 | N/A | GHS7.50 | |||
| Merchant | Money Transfer (Merchant to Agent) | 1 | 1000 | 1% | N/A |
| Above 1000 | N/A | GHS10 | |||
| Money Transfer (Merchant to Subscriber) | N/A | N/A | Free | N/A | |
| Money Transfer(Merchant to Merchant | N/A | N/A | Free | N/A | |
| Bill Payment | Airtime Top-up | 1 | 100 | Free | N/A |
| PostPaid | N/A | N/A | Free | N/A | |
| GoTV (Agent) | 1 and Above | GHS 1 | N/A | ||
| GoTV (Subscriber) | 1 and Above | GHS 0.50 | N/A | ||
| DSTV (Subscriber) | N/A | N/A | Free | N/A | |
| DSTV(Agent) | N/A | N/A | Free | N/A | |
| ECG (Subscriber) | N/A | N/A | GHS0.5 | N/A | |
| ECG (Agent) | N/A | N/A | GHS0.5 | N/A | |
| Ghana Water (Agent) | N/A | N/A | Free | N/A | |
| Ghana Water (Subscriber) | N/A | N/A | Free | N/A | |
| Box Office | N/A | N/A | Free | N/A | |
| Startimes | N/A | N/A | Free | N/A | |
| School Fees (Agent) | N/A | N/A | GHS2 | *N/A | |
| School Fees (Subscriber) | N/A | N/A | GHS2 | *N/A | |
| Agent | Money Transfer (C2C) | 1 | 50 | GHS2.5 | N/A |
| Above 50 | 1000 | 5% | |||
| Above 1000 | GHS50 | ||||
| Cash In | 1 | N/A | Free | N/A | |
| Cash Out | 1 | 50 | GHS 0.5 | N/A | |
| More than 50 | N/A | 1% | |||
| More than 1000 | N/A | GHS10 | |||
| Bank Integration | Transfer to Bank (Subscriber & Agent) | N/A | N/A | Free | N/A |
| Transfer to Bank (Merchant) | 1 | 1000 | 1% | ||
| Above 1000 | N/A | GHS10 | |||
| Transfer from Bank | N/A | N/A | Free | ||
| Account Mgt. | Balance Enquiry | N/A | N/A | Free | N/A |
| *Mini Statement | N/A | N/A | GHS0.01 | ||
| Statement Request | N/A | N/A | GHS0.50 | ||
| ATM | ATM Token | 5 | 50 | GHS0.50 | N/A |
| Above 50 | 400 | 1% | N/A |
How to Check your MTN Mobile Money Limit.
On MTN, Customers with a limit of GHS300 can transact with an amount of GHS1, 000, whereas limits of GHS2,000 and GHS5000 can transact with values of GHS5,000 and GHS10, 000 respectively. Also, Customers with limits of GHS1, 000, GHS 10,000, and GHS 20,000 can continue to transact in values of GHS2, 000, GHS15, 000, and GHS 30,000 respectively.
To Check your MoMo Limit, kindly follow the procedure below;
- Dial *170#.
- Select Option 6 to access your Wallet.
- Dial # for Next Page.
- Select Option 8 for Wallet Limits.
- Enter PIN and Send.
- You’ll receive a notification starting your MoMo Daily Transaction Limit
