Ugandan MTN 2024 Money Withdrawal Fees. 9.5 million of MTN’s active fintech subscribers in Uganda are among the company’s 15.9 million overall customers. These consumers may keep and manage money in their mobile wallets, MTN Mobile Money or MTN MoMo, which are linked to their phone numbers.
Users may access their money quickly and pay for the items they need using MTN Mobile Money.
You may send and receive money with MTN MoMo from friends, family, strangers, and business contacts. Because it contains certain savings and lending options like MoKash and can hold a balance of up to Ush20,000,000, it functions somewhat like a digital bank account.
But in Uganda, using the majority of MTN Mobile Money services is subject to a cost. For instance, while transferring money between MTN and other networks, such as Airtel Uganda, and when making cash withdrawals.
We’ll examine MTN’s transaction costs in Uganda today, paying particular attention to expenses associated with agent withdrawals, money transfer fees, and relevant taxes.
MTN agent withdrawal charges and transaction fees 2024
The most recent MTN withdrawal fees and taxes for MoMo are displayed in the chart below. Additionally, you will be able to view the costs associated with sending money from Uganda using the MTN Mobile Money network.
| Amount to transact | MTN send money charges | Sending to bank fees | MTN withdrawal charges 2024 | Minimum applicable tax | Maximum applicable tax |
| Ush500 – Ush2,500 | Ush100 | N/A | Ush330 | Ush3 | Ush13 |
| Ush2,501 – Ush5,000 | Ush100 | Ush1,500 | Ush440 | Ush13 | Ush25 |
| Ush5,001 – Ush15,000 | Ush500 | Ush1,500 | Ush700 | Ush25 | Ush75 |
| Ush15,001 – Ush30,000 | Ush500 | Ush1,500 | Ush880 | Ush75 | Ush150 |
| Ush30,001 – Ush45,000 | Ush500 | Ush1,500 | Ush1,210 | Ush150 | Ush225 |
| Ush45,001 – Ush60,000 | Ush500 | Ush1,500 | Ush1,500 | Ush225 | Ush300 |
| Ush60,001 – Ush125,000 | Ush1,000 | Ush1,500 | Ush1,925 | Ush300 | Ush625 |
| Ush125,001 – Ush250,000 | Ush1,000 | Ush2,250 | Ush3,575 | Ush625 | Ush1,250 |
| Ush250,001 – Ush500,000 | Ush1,000 | Ush4,100 | Ush7,000 | Ush1,250 | Ush2,500 |
| Ush500,001 – Ush1,000,000 | Ush1,000 | Ush6,150 | Ush12,500 | Ush2,500 | Ush5,000 |
| Ush1,000,001 – Ush2,000,000 | Ush1,000 | Ush9,250 | Ush15,000 | Ush,5,000 | Ush10,000 |
| Ush2,000,001 – Ush4,000,000 | Ush1,000 | Ush11.300 | Ush18,000 | Ush10,000 | Ush20,000 |
| Ush4,000,001 – Ush5 million | Ush1,000 | Ush11,300 | Ush20,000 | Ush20,000 | Ush35,000 |
Prior to departing, it is crucial to understand that:
* Minimum withdrawal amount at an MTN agent is 500 Ksh. * Maximum transaction value is 5 Msh. * Minimum account balance is 0 Ksh. * Maximum account balance is 20 Msh. * It costs nothing to deposit money with MTN Uganda agents.
