MoMo withdrawal fees

27 Jun

MTN Makes U-Turn On New Withdrawal Fee, Maintains 1% Charge

wontumionlineBusinessMoMo withdrawal fees, MTN

Telecommunication network giant, MTN, has withdrawn the planned review of the cash-out fee for mobile money. It had earlier announced that starting Saturday, July 1, 2023, customers will experience an adjustment in fees for cash-out transactions that exceed a specific threshold [GH¢2,000 and above]. The GH¢20 flat rate charge on withdrawals of GH¢2,000 and above will be deducted directly from the customer's wallet. But in a new message dispatched to customers on July 27, 2023, the mobile network operator said the review has been withdrawn. It noted that the current fee of 1%, which is capped at GH¢10 remains the…

26 Jun

MoMo Withdrawal Fees To Be Revised From July 1

wontumionlineBusinessMobile Money, MoMo withdrawal fees, MTN

In an effort to inform its customers, MTN, a prominent telecommunications company, has announced a forthcoming modification to its mobile money withdrawal transaction fees. Starting from July 1, 2023, customers can expect an adjustment in fees for cash-out transactions that exceed a specific threshold. MTN MobileMoney Limited recently dispatched an SMS circular to its customers, providing details about the fee changes. As per the circular, cash-out transactions below GH₵2,000 will now incur a fee equivalent to 1% of the transaction amount. On the other hand, for cash-out transactions totaling GH₵2,000 and above, a flat fee of GHS20 will be directly…