In our commitment to providing affordable and transparent mobile money services, EcoCash has structured its domestic remittance tariffs to ensure you get the best value when sending and receiving money. Whether you are a registered EcoCash user or an unregistered customer, it is important to understand how transaction fees and IMT Tax are calculated to help you plan your transfers better.
- Registered Customer Tariffs Registered customers enjoy lower transaction fees and a seamless mobile money experience. For these customers, Cash In (depositing money into your wallet) is absolutely FREE.
Send Money (Registered) When sending money, the total fee is composed of the EcoCash Tariff and the government-mandated Intermediated Money Transfer (IMT) Tax:
$1.00 – $4.99: A total fee of 1.30% (IMT Tax is FREE for this bracket).
$5.00 – $500: A total fee of 3.30% (1.30% EcoCash Tariff + 2.00% IMT Tax).
Cash Out (Registered) When withdrawing your funds at an agent:
$1.00 – $500: A flat total fee of 1.70%. Notably, there is no IMT Tax charged on Cash Out transactions.
- Unregistered Customer Tariffs If you are not yet registered with EcoCash, you can still send and receive money, though the fee structure differs.
Send Money (Unregistered) $1.00 – $4.99: A total fee of 3% (IMT Tax is FREE).
$5.00 – $500: A total fee of 5.0% (3% EcoCash Tariff + 2.0% IMT Tax).
Cash Out (Unregistered) For unregistered customers, Cash Out is FREE. This ensures that the recipient of the funds does not incur additional costs when collecting their money.
- Examples of Calculated Charges To help you visualize your costs, here are some practical examples of what you will pay when performing a transaction as a Registered Customer:
Sending Money Breakdown For $2 sent: You pay an EcoCash Fee of $0.03 (with no IMT Tax), making the total cost $0.03.
For $10 sent: You pay an EcoCash Fee of $0.13 plus $0.20 IMT Tax, for a total cost of $0.33.
For $50 sent: You pay an EcoCash Fee of $0.65 plus $1.00 IMT Tax, for a total cost of $1.65.
For $70 sent: You pay an EcoCash Fee of $0.91 plus $1.40 IMT Tax, for a total cost of $2.31.
For $100 sent: You pay an EcoCash Fee of $1.30 plus $2.00 IMT Tax, for a total cost of $3.30.
Cashing Out Breakdown For $2 withdrawn: The EcoCash Fee is $0.03, for a total cost of $0.03.
For $10 withdrawn: The EcoCash Fee is $0.17, for a total cost of $0.17.
For $50 withdrawn: The EcoCash Fee is $0.85, for a total cost of $0.85.
For $70 withdrawn: The EcoCash Fee is $1.19, for a total cost of $1.19.
For $100 withdrawn: The EcoCash Fee is $1.70, for a total cost of $1.70.
Summary Tips Register Today: Registered users benefit from significantly lower "Send Money" fees (1.30% vs 3%).
Tax Thresholds: Remember that the 2% IMT Tax only kicks in for transactions of $5.00 and above.
Free Cash-In: You can load money into your wallet for free at any authorized EcoCash agent.
For more information or assistance, visit your nearest EcoCash agent or contact our customer support team.