Mobile money users of MTN Ghana will soon start paying for a service that has long been free, as the company moves to apply charges on transfers from MoMo wallets to bank accounts starting June 1, 2026.
The announcement was sent directly to subscribers via SMS on the evening of Monday, May 25, 2026, outlining a revised pricing structure for mobile money-to-bank transactions.
Under the new arrangement, every transfer from a MoMo wallet to a bank account will attract a fee of 0.75 percent per transaction. The charge will be applied across all users, including cases where the sender is transferring money into their own bank account linked to the same identity.
MTN Ghana’s current model, which allows customers to move funds between their MoMo wallets and personal bank accounts without paying any fee, will be discontinued once the new policy takes effect at the start of June.
In the message sent to customers, the company stated: “From 1 June 2026, transfers from your MoMo Wallet to bank accounts will attract a fee of 0.75% per transaction, capped at GH₵5. This will help us continue to serve you better. Thank you for choosing MoMo,”
For everyday transactions, the impact is straightforward. A transfer of GH₵100 will now incur a charge of GH₵0.75, while any transaction of about GH₵667 or more will hit the maximum fee cap of GH₵5. The cap limits costs for higher-value transfers, though it effectively ends the zero-fee structure that previously covered cross-platform movement of funds.
The updated charges apply strictly to MoMo wallet-to-bank transfers. Other services, including transfers between MoMo accounts and cash-in or cash-out transactions at agents, remain under their existing fee arrangements.
