Cellular Cash (MoMo) in Uganda offers a handy and accessible means for people to ship, obtain, and handle cash utilizing their cellphones. Among the many varied providers supplied by MoMo, withdrawal costs play a vital function in figuring out the associated fee related to accessing money from one’s account. On this article, we delve into the withdrawal costs relevant to MTN MoMo customers in Uganda, offering a transparent understanding of the tariffs concerned throughout totally different transaction quantities.

Overview of MTN withdrawal costs Uganda

MTN MoMo Uganda imposes withdrawal costs based mostly on a number of elements, together with the quantity being withdrawn, the vacation spot of the funds (reminiscent of different networks or financial institution accounts), and the tactic of withdrawal (agent or ATM). These costs are structured to make sure transparency and facilitate seamless monetary transactions for customers. Let’s break down the withdrawal costs in keeping with the required parameters:

1. Quantity (UGX)

This column represents the vary of transaction quantities for which withdrawal costs apply.

2. Withdrawal costs for sending To MTN or Different Networks (UGX)

Signifies the fees for sending cash to MTN or different networks.

3. Sending To the Financial institution (UGX)

Specifies the fees for sending cash to a checking account.

4. Agent Withdraw (UGX)

Denotes the withdrawal costs related to withdrawing funds from a licensed MTN MoMo agent in Uganda.

5. ATM Withdraw (UGX)

Represents the fees for withdrawing cash from an ATM.

6. Senkyu Factors

Refers back to the loyalty factors earned by transactions.

7. Withdraw Tax (min) (UGX) / Withdraw Tax (max) (UGX)

Specifies the minimal and most withdrawal tax relevant.

8. Funds To Varied Providers

 Signifies the fees for funds to particular service suppliers, together with Azam TV, Prepared Pay, college charges, Photo voltaic Now, UMEME, NWSC, DStv, StarTimes, NSSF, and Multiplex.

9. Voucher/Unregistered Person

Specifies the fees for transactions involving vouchers or unregistered customers.

Key highlights alongside MTN MoMo withdrawal costs in Uganda

1. Taxes are routinely deducted from the consumer’s account throughout withdrawal transactions, making certain compliance with regulatory necessities.

2. Customers get pleasure from free entry to their MoMo accounts whereas roaming, in addition to entry to account statements through the MoMo App.

3. Account limits embody a minimal transaction quantity of UGX 500, a most transaction restrict of UGX 5,000,000, and a most account steadiness of UGX 20,000,000.

4. A number of providers reminiscent of altering MoMo PIN, checking account steadiness, accessing mini statements, registering for MoMo on SIM, depositing MoMo, and buying airtime or bundles incur no further costs.

5. Customers are suggested in opposition to paying any brokers for transactions, as charges are routinely deducted from their MoMo accounts.

Ultimate ideas on MTN MoMo Uganda withdrawal costs 2024

Understanding MTN Uganda withdrawal costs is important for customers to make knowledgeable choices concerning their monetary transactions. By comprehensively analyzing the tariffs related to totally different transaction quantities and locations, customers can optimize their use of MoMo services whereas minimising prices.