Free Money Fees
🇸🇳 XOF (FCFA) · Including all taxes
Free Money is one of the leading mobile money services in Senegal, serving millions of users. Send fees are 1% per transaction. Note that Senegal applies a government levy on mobile money transactions. Use the fee tables below to see all charges including government taxes.
How much does Free Money charge per transaction in 2026?
On Free Money in Senegal, receiving is free. Sending money costs 1%. Cashing out costs 1%. A state tax also applies (Money Transfer Tax (TTA)). Tariffs verified against the operator source (June 2026).
Free Money Send Money Fee Tiers in Senegal
| Range | Fee |
|---|---|
| FCFA1+ | 1% 1% (indicative — verify with provider) |
Free Money Withdrawal (Cash-Out) Fee Tiers in Senegal
| Range | Fee |
|---|---|
| FCFA1+ | 1% 1% (indicative — verify with provider) |
Senegal Mobile Money Levies & Taxes
Money Transfer Tax (TTA)
Levy activeSenegal applies a 0.5% Money Transfer Tax (TTA) on the value of each mobile money operation — transfers, payments and withdrawals — capped at 2,000 FCFA per transaction. It was created by Law n°2025-17 of 27 September 2025, and collection began on Orange Money from 16 December 2025. The operator collects it from the customer initiating the operation.
Paid by sender
mobile money to Bank & Bank to mobile money: Transfer Fees
How much does a mobile money to bank transfer cost in Senegal?
Orange Money offers a wallet-to-bank transfer; the fee varies by bank and is shown before you confirm. Wave bank-linked sends follow Wave's 1% send rate. Confirm the exact wallet→bank fee in the app.
Orange Money offers a wallet-to-bank transfer; the fee varies by bank and is shown before you confirm. Wave bank-linked sends follow Wave's 1% send rate. Confirm the exact wallet→bank fee in the app.
Orange Money's bank-to-wallet (Bank to Wallet) is 0.8%, capped at 500 FCFA (orange.sn). Loading a Wave wallet from a linked bank account follows Wave's 1%. Other banks set their own outbound fee.
Senegal's 0.5% Money Transfer Tax (TTA, capped 2,000 FCFA, Law 2025-17) applies to mobile-money operations, collected by the operator. It is separate from the wallet↔bank fee above.
Worked example: Loading 100,000 FCFA from a bank into your Orange Money wallet costs about 500 FCFA (0.8% capped at 500). On Wave it would be about 1,000 FCFA (1%).
Source: Orange Money Sénégal Bank to Wallet (orange.sn, 0.8% capped 500 FCFA); Wave (wave.com, 1% send). Wallet→bank exact fee not published as a flat tier — confirm in-app. Verified 26 June 2026.
How to Send Money with Free Money in Senegal
- Dial #150# — Open your phone's dialer and enter #150# on the Free Money SIM.
- Choose Send Money — Select Transfer / Send Money from the menu.
- Enter the recipient number — Type the recipient's mobile number, then confirm the name shown.
- Enter the amount — Enter the amount to send; any fee is displayed before you confirm.
- Confirm with your PIN — Enter your Free Money PIN to authorise; you get an SMS confirmation.
About Free Money in Senegal
Senegal is Wave's home market — its free or near-free transfers reset pricing — alongside Orange Money and Free Money. Wave's free wallet sends forced the incumbents down, so a Senegalese send is often genuinely free; the cost reappears at agent cash-out.
On pricing, here is how Free Money structures its fees. Sending is priced by band : 1% above FCFA1. Cash-out is priced by band : 1% above FCFA1. Receiving money is free; the cost sits at sending and at cashing out to physical cash.
Government levy. Senegal applies a government levy (Money Transfer Tax (TTA)) on top of the operator fee — it is already included in the calculator totals above.
How to use it. You manage Free Money via the mobile app, the operator's USSD menu (no internet needed), or an authorised agent to deposit and withdraw cash. Fees are identical on every channel — the schedule above applies with no per-channel surcharge, and an agent should never charge cash on top of the fee deducted from your balance.
To compare Free Money with the other operators in Senegal for your exact amount, use the calculator at the top of this page or open the Senegal page. Tariffs rendered from our database, verified in 2026.
Free Money vs Other Providers in Senegal: Fee Comparison
Frequently Asked Questions
How much does Free Money charge to send money in Senegal?
Free Money charges 1% per transfer in Senegal.
What are the Free Money withdrawal fees in Senegal?
Free Money withdrawal fees in Senegal are 1% per transaction.
Is there a government levy on Free Money transactions in Senegal?
Yes. Senegal applies a Money Transfer Tax (TTA) on mobile money transactions.
What is the Free Money USSD code in Senegal?
Use the Free Money mobile app or visit an authorized agent in Senegal.
Is Free Money the cheapest mobile money provider in Senegal?
It depends on the amount. Use the MomoCalc calculator on the Senegal page to compare all providers for your specific amount.
How much does a mobile money to bank transfer cost in Senegal?
Orange Money offers a wallet-to-bank transfer; the fee varies by bank and is shown before you confirm. Wave bank-linked sends follow Wave's 1% send rate. Confirm the exact wallet→bank fee in the app.
What is the bank to mobile money fee in Senegal?
Orange Money's bank-to-wallet (Bank to Wallet) is 0.8%, capped at 500 FCFA (orange.sn). Loading a Wave wallet from a linked bank account follows Wave's 1%. Other banks set their own outbound fee.
Does any tax apply to mobile money to bank transfers in Senegal?
Senegal's 0.5% Money Transfer Tax (TTA, capped 2,000 FCFA, Law 2025-17) applies to mobile-money operations, collected by the operator. It is separate from the wallet↔bank fee above.