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Home » MoMo-to-bank transfers to attract 0.75% fee from June 1

Banking and FinanceBusinessCommerceEconomyTrade

MoMo-to-bank transfers to attract 0.75% fee from June 1

Thepatriotnewsgh
Last updated: May 25, 2026 9:34 pm
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MTN Ghana has announced a new charge on transfers from Mobile Money wallets to bank accounts, effective June 1, 2026.

In a message sent to customers on Monday, May 25, the telecom company said MoMo users will now pay a fee of 0.75 percent per transaction for transfers from their wallets to bank accounts.

According to the notice, the charge will be capped at GH¢5 per transaction regardless of the amount transferred.

The company explained that the adjustment is aimed at helping improve its services to customers.

“This will help us continue to serve you better,” the message stated.

The announcement is expected to affect customers who regularly use Mobile Money platforms to transfer funds directly into bank accounts.

Mobile Money remains one of the most widely used digital payment services in Ghana, with millions of users relying on it for daily transactions, savings and business payments.

Disclaimer: The content published on this website is for informational purposes only. The views, opinions, and positions expressed by individual authors or contributors are theirs alone and do not necessarily reflect those of [patriotnewsonline.com]. While every effort is made to ensure accuracy, [patriotnewsonline.com] does not assume any responsibility or liability for any errors, omissions, or outcomes resulting from the use of this information. Readers are advised to verify facts independently and seek professional advice where necessary.

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