Full Updated List of SBM Bank Mpesa Transfer Charges

SBM Bank Kenya offers convenient banking services through its digital platforms, allowing customers to transfer money directly from their SBM Bank accounts to Mpesa. With over 41 branches across the country, SBM Bank has positioned itself as a Tier 2 bank with competitive offerings aimed at enhancing customer convenience. One of the most popular features is the ability to transfer money seamlessly to Mpesa using the bank’s Mfukoni App.

How to Transfer Money from SBM Bank to Mpesa

To transfer money from your SBM Bank account to Mpesa, you need to use the Mfukoni App, the bank’s internet banking app. The Mfukoni App is user-friendly and allows you to conduct various transactions, including checking your balance, paying bills, and transferring money to Mpesa. Here’s a simple guide on how to transfer money using the app:

Download and install the Mfukoni App on your smartphone.
Log in using your SBM Bank account details.
Select the “Transfer to Mpesa” option from the menu.
Enter the amount you wish to transfer.
Confirm the transaction, and the money will be sent directly to your Mpesa account.

SBM Bank Mpesa Transfer Charges

Below is a breakdown of the charges for transferring money from SBM Bank to Mpesa:

Transaction Range	Charges (Ksh)
0 – 20,000	33
20,001 – 70,000	53

These charges are relatively low compared to some other financial institutions, making SBM Bank an attractive option for those who frequently move funds between their bank accounts and Mpesa.

SBM Bank Kenya Overview

SBM Bank entered the Kenyan market after acquiring certain assets from Chase Bank (in receivership) and Fidelity Commercial Bank. It has since grown its presence in the country with a network of 41 branches, offering various banking solutions such as personal banking, SME banking, corporate banking, and investment services. SBM Bank is known for its focus on digital banking and financial inclusion.