MTN mobile money charges: MoMo withdrawal & transfer costs 2026
Sending money through MTN MoMo without knowing the charges can cost more than expected. This guide covers every MTN mobile money fee in Ghana for 2026, from cash-out rates and transfer costs to transaction limits — so you know exactly what you pay.
Source: UGC
TABLE OF CONTENTS
- Key takeaways
- What you need before using MTN MoMo
- MTN mobile money withdrawal charges in Ghana 2026
- MTN mobile money sending charges in Ghana 2026
- Transaction limits in 2026
- 2026 update: the proposed MoMo-to-bank transfer fee
- Is MTN mobile money the same as MoMo?
- How does MTN MoMo work in Ghana?
- How to withdraw money from MTN MoMo in Ghana
- How to reverse an MTN mobile money transfer
- MTN MoMo contact information
- Frequently asked questions
Key takeaways
- Cash-out fees run from GH₵0.50 (amounts under GH₵50) to a flat GH₵20 (GH₵2,000 and above).
- Peer-to-peer transfers via mobile cost 0.75% up to GH₵1,000, capped at GH₵7.50.
- The E-Levy on electronic transfers was abolished in April 2025, no government levy now applies to MoMo.
- Receiving money via MTN MoMo is always free.
- A proposed 0.75% MoMo-to-bank fee announced in May 2026 was suspended by the Bank of Ghana before it took effect.
What you need before using MTN MoMo
Make sure you have the following before sending or withdrawing:
- A registered MTN SIM card
- An active MTN Mobile Money (MoMo) account linked to your number
- A phone with access to USSD codes (*170#)
MTN mobile money withdrawal charges in Ghana 2026
MTN mobile money enables users to top up airtime, purchase insurance, pay bills (DStv, school fees), and send or receive cash through MoMo in partnership with Bank of Africa. The following fees apply when you withdraw cash from an agent or ATM.
Cash-out charges for customers
Cash-out amount (GH₵) | Fee |
1 – 49.99 | GH₵0.50 flat |
50 – 1,999.99 | 1% of amount |
2,000 and above | GH₵20 flat |
Example: A GH₵500 cash-out costs GH₵5.00 in MTN fees (1% of GH₵500).
MTN MoMo withdrawal commissions for agents
Agents also earn a commission on every cash-out transaction. These rates apply:
Cash-out amount (GH₵) | Agent commission |
1 – 49.99 | GH₵0.20 |
50 – 1,999.99 | 0.4% |
2,000 and above | GH₵8 flat |
MTN mobile money sending charges in Ghana 2026
Sending fees depend on how you send money — via an agent or directly from your phone. For alternative ways to send money across borders, see methods of transferring money from Nigeria to Ghana.
Transfer via MoMo agent
Transfer amount (GH₵) | Fee |
1 – 50 | GH₵2.50 |
Over 50 | 5% of amount |
Transfer via mobile phone
Transfer amount (GH₵) | Fee |
0.01 – 1,000 | 0.75% of amount |
Over 1,000 | GH₵7.50 flat |
Bill payments
Bill payments via MTN MoMo carry no MTN fee. This applies to DStv, school fees, utility bills, and similar services. You can also learn how to transfer data from MTN to MTN for additional data-sharing options.
Merchant and agent-to-merchant fees
Transaction type | Proposed fee | Notes |
Merchant-to-merchant | 0.5%, capped at GH₵5,000 | Nano segment exempted |
Agent-to-merchant | 0.5%, capped at GH₵5,000 | Agents earn 40% as commission |
For a full breakdown of MTN mobile money charges and merchant commissions, see the dedicated guide.
Transaction limits in 2026
Customer transaction limits
KYC account type | Daily limit (GH₵) | Max balance (GH₵) | Monthly limit (GH₵) |
Minimum KYC | 3,000 | 5,000 | 10,000 |
Medium KYC | 15,000 | 40,000 | Unlimited |
Enhanced KYC | 25,000 | 75,000 | Unlimited |
Agent transaction limits
Agent profile | Wallet limit (GH₵) | Daily limit (GH₵) | Monthly limit (GH₵) |
Tier 1 | 1,000,000 | 200,000 | 700,000 |
Tier 2 | 10,000,000 | 1,000,000 | 10,000,000 |
Tier 3 | 30,000,000 | No limit | 30,000,000 |
Tier 4 | No limit | No limit | No limit |
2026 update: the proposed MoMo-to-bank transfer fee
In May 2026, MTN Ghana announced a new charge on transfers from MoMo wallets to bank accounts — 0.75% per transaction, capped at GH₵5. It was set to take effect on 1 June 2026.
The Bank of Ghana suspended the proposal on 26 May 2026, directing Mobile Money Fintech Limited to halt the charge pending further consultations. MoMo-to-bank transfers remain free as of September 2026.
Is MTN mobile money the same as MoMo?
MTN Mobile Money (MTN MoMo) is a secure electronic service. It lets wallet holders store funds, send and receive money, make payments, and carry out other tasks using their mobile phones.
How does MTN MoMo work in Ghana?
The service keeps funds in an electronic account linked to your MTN mobile number. The recipient must have a registered MTN MoMo account before they can receive a transfer. You cannot send money to an unregistered number.
How to withdraw money from MTN MoMo in Ghana
You can withdraw cash at ATMs or from registered MTN agents. For MTN Ghana cashout tips, including common pitfalls, see the TapTap Send guide.
To generate an ATM cash-out token, follow these steps:
- Dial *170# on your MTN phone.
- Select 5 (Financial Services).
- Select 1 (Bank Service).
- Select 3 (ATM Cash Out).
- Select 1 (Generate Token).
- Enter the secret code, the amount, and your MoMo PIN.
- You will receive a notification. Use the token to withdraw at any partner ATM.
How to reverse an MTN mobile money transfer
If you send money to the wrong number, act within six days. Follow these steps:
- Dial *165# and choose the reversal option.
- Enter your MoMo PIN to verify the request.
- Call MTN Customer Care on 100 to complete the reversal.
For a full guide, see how to reverse an MTN mobile money transfer.
MTN MoMo contact information
- Customer Care (MTN line): 100
- Official website: mtn.com.gh
- USSD code: *170# for all transactions
Note: The E-Levy on electronic money transfers, previously 1.5%, was repealed in April 2025. For the archived government guidance, see the E-Levy FAQ from the Ministry of Finance.
Frequently asked questions
How much does MTN charge for sending money?
Sending via mobile phone costs 0.75% for amounts up to GH₵1,000 and a flat GH₵7.50 for amounts above GH₵1,000. Sending through an agent costs GH₵2.50 (up to GH₵50) or 5% (above GH₵50).
What are the fees for MTN mobile money withdrawals?
Withdrawals cost GH₵0.50 for amounts under GH₵50, 1% for GH₵50–GH₵1,999.99, and a flat GH₵20 for GH₵2,000 and above. Receiving money is always free.
What are the MTN mobile money tariffs for 2026?
The 2026 tariffs include a cash-out fee of GH₵0.50 (under GH₵50), 1% (GH₵50–GH₵1,999.99), or GH₵20 flat (GH₵2,000+). Transfers via phone cost 0.75% up to GH₵1,000. No E-Levy applies.
How do I check my MTN MoMo charges?
Dial *170#, then go to My Account → Mini Statement to view recent transactions and any fees deducted. You can also call 100 for an account summary.
DISCLAIMER: This article is not sponsored by any third party. It is intended for general informational purposes only and does not address individual circumstances. It is not a substitute for professional advice or help and should not be relied on to make decisions of any kind. Any action you take upon the information presented in this article is strictly at your own risk and responsibility!
Knowing MTN mobile money charges keeps your finances secure. Fees shift over time. Always check the latest rates before sending cash or withdrawing funds. Smart tracking prevents surprise deductions. Manage your digital wallet wisely every single day.
Yen.com.gh recently shared a list of MTN short codes for data bundles, calls, and mobile money in Ghana. As a notable service provider, MTN Ghana owes its success to its tremendous effort to meet customers' continued demands.
These codes enable customers to access services easily from their phones. There are 6 hidden MTN codes that allow customers to get cheap calls and data. Learn these codes here.
Source: YEN.com.gh
Chris Ndetei (Lifestyle writer) Christopher Ndetei is a writer who joined the Yen team in May 2021. He graduated from Machakos Technical College in 2009 with a Diploma in ICT and has over four years of experience in SEO writing. Christopher specialises in lifestyle and entertainment coverage, with a focus on biographies, life hacks, gaming, and guides. He has completed the AFP course on Digital Investigation Techniques (2023) and earned the Google News Initiative Certificate (2024). In recognition of his work, he was named Yen Writer of the Year in 2024. You can connect with him via email at chrisndetei@gmail.com.
Peris Walubengo (Lifestyle writer) Peris Walubengo has vast experience in search engine optimization through digital content generation, research, editing, and proofreading. She joined Yen.com.gh in April 2022 and completed the AFP course on Digital Investigation Techniques in 2023. In 2024, she pursued further skill growth via the Google News Initiative training program on Fighting Misinformation. You can email her at perisrodah254@gmail.com.
