This guide explains how much can Mpesa hold. Safaricom has introduced Mpesa services in all of the countries it has ventured. Mpesa limit is the maximum amount of money allowed in your Mpesa account.
Mpesa is the most popular and biggest mobile banking platform in Kenya. It gains customers every day as it has been received positively by users in Kenya and several countries worldwide.
Banks have also integrated the use of Mpesa in their systems to leverage the large existing number of Mpesa users.
Mpesa users can now deposit and make withdrawals directly to their mobile phones from the comfort of their homes.
How Much Can Mpesa Account Hold Currently
Mpesa users are allowed to deposit a maximum of Ksh 100,000 after a successful registration.
A daily Mpesa transaction limit is Ksh. 140,000. However, the maximum limit per transaction is Ksh 70,000.
This means that Mpesa users can withdraw a maximum of Ksh 70,000 and send a maximum of Ksh 70,000 in 24 hours.
Ksh 50 is the minimum amount you can withdraw from any Mpesa agent, while the minimum amount you can send via Mpesa is Ksh 1.
What You Must Know About The Maximum And Minimum Mpesa Withdrawal Limits.
To operate a Mpesa account, you are required to keep your Mpesa account active.
As long as your line is registered, you will be prompted to register your Mpesa account.
After successful Mpesa registration, you will be eligible to use Mpesa services to make transactions.
However, you cannot deposit cash into a different person’s Mpesa account.
Mpesa allows its users to store money, which you can withdraw whenever you wish, and offers loans to eligible users in Kenya.
Safaricom has enabled Mpesa users to shop and pay bills directly from their phones with the Lipa Na Mpesa safer and more convenient.
How Much Can KCB Mpesa Hold
The maximum amount you can have in your KCB Mpesa account is Ksh 1,000,000, or determined by the bank.
You must, however, provide the necessary documentation if you wish to save more than Ksh 250,000 in your KCB Mpesa account.
The maximum amount you can transfer into your KCB Mpesa account per given day is Ksh 140,000.
That is how much Mpesa account can hold.