MTN, the main telecommunications firm, has introduced vital modifications to its cell cash withdrawal transaction charges.
Efficient from July 1, 2023, prospects will expertise an adjustment in charges for cash-out transactions exceeding a particular threshold.
MTN took the initiative to tell its prospects in regards to the upcoming modifications via an SMS round.
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Based on the round, cash-out transactions beneath GH₵2,000 will now be topic to a charge equal to 1% of the transaction quantity.
Nevertheless, for cash-out transactions equal to or exceeding GH₵2,000, a flat charge of GHS20 will probably be immediately deducted from the client’s pockets.
It’s price noting that the round explicitly talked about that prospects shouldn’t pay any extra charges to Cell Cash brokers. As an alternative, they’re suggested to make the most of the “Momo” platform solely for his or her transactions.
Beneath the present charge construction, MTN fees a most charge of 1% for cash-out transactions as much as GH₵1,000. Moreover, a charge of GH₵10 is relevant for all cash-out transactions surpassing GH₵1,000.
Nevertheless, with the introduction of the brand new charge system, the 1% charge will solely be levied on quantities beneath GH₵2,000, whereas the utmost charge has been doubled to GH₵20.
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