Audio By Carbonatix
Mobile Money Fintech Limited (MMFL) has announced new charges on transfers from Mobile Money (MoMo) wallets to bank accounts, set to take effect from June 1, 2026.
In a text message sent to customers on Monday, MMFL said transfers from MoMo wallets to bank accounts will now attract a fee of 0.75 percent per transaction, capped at GHS 5.
The message read: “From 1 June 2026, transfers from your MoMo Wallet to bank accounts will attract a fee of 0.75% per transaction, capped at GHS 5.
According to the company, this move "will help us continue to serve you better.”
The announcement is expected to trigger public debate among mobile money users, many of whom rely on MoMo-to-bank transfers for business transactions, salary movements, and everyday banking activities.
The new charge means customers transferring money from their MoMo wallets into bank accounts will pay a percentage-based fee, although the total deduction on a single transaction will not exceed GHS 5.
Latest Stories
-
We must account for every cedi entrusted to us as public officials – Ato Forson
24 minutes -
Supreme Court rejects Solomon Asamoah’s bid to overturn Sky Train ruling
40 minutes -
Nungua Traditional Stool, WT Plastics partner to establish factory, create 1,400 jobs
42 minutes -
Mahama describes Ghana’s religious diversity as its greatest treasure, defends fairness to all faiths
47 minutes -
Police to arrest motorists who use pedestrian footbridges – ACP Obeng
48 minutes -
KNUST announces revised reopening dates, lectures begin October 19
1 hour -
GoldBod, military engineers partner to reclaim galamsey-damaged Tano Nimri Forest
1 hour -
NACOC educates 450 Koforidua SHS students on dangers of drug abuse
1 hour -
First-year students stranded as Obuasi SHTS remains closed over misconduct probe
1 hour -
Court halts promotion of 40 police officers pending IGP’s appeal
1 hour -
Gender Ministry deploys teams nationwide to monitor LEAP cash grant payments
1 hour -
GNFS contains Somoco warehouse fire; bushfire near TTU in Takoradi
1 hour -
Recurring teacher-student sexual abuse cases give cause for worry – Salaga South MP
1 hour -
D-Black shocked as only 16 radio and TV stations pay music royalties
1 hour -
Former SIC Savings and Loans MD Amma Frimpomaa Dwumah honours EOCO invitation
2 hours