How to Transfer Money from Mpesa to Equity Bank Account

This is a simple guide on how to transfer money from Mpesa to Equity Bank account. The advancement of technology use in Kenya has opened many possibilities and made our work easy.

You can transfer money from your Mpesa to your equity account within the blink of an eye. This will be done through your phone and you don’t have to visit any branch.

Equity Bank Limited (The “Bank”) is incorporated, registered under the Kenyan Companies Act Cap 486 and domiciled in Kenya.

The Bank has subsidiaries in Kenya, Uganda, South Sudan, Rwanda and Tanzania.  Its shares are listed on the Nairobi Securities Exchange and Uganda Securities Exchange.

Equity Bank was founded as Equity Building Society (EBS) in October 1984 and was originally a provider of mortgage financing for the majority of customers who fell into the low-income population.

How to Transfer Money from Mpesa to Equity Bank Account Using Sim Tool Kit

What you need to transfer money from Mpesa to Equity is an account number and Equity Bank’s Mpesa pay bill number 247247.

• Go to your Mpesa Menu using the Sim Tool Kit.
• Select Lipa na Mpesa.
• Select the Paybill option.
• Enter 247247 as the Business number.
• Enter the Equity Account number you wish to deposit to.
• Enter the amount you would like to deposit to the Equity account.
• Enter your Mpesa Pin number and press OK.
• You will receive a transaction confirmation message from Mpesa and Equity Bank.

How to Send Money from Mpesa to Equity Bank Using Mpesa App

1. Access the M-Pesa app: Download and install the M-Pesa app on your mobile device. Ensure that you have a registered M-Pesa account and have logged into the app.
2. Navigate to the “Lipa na M-Pesa” option: In the M-Pesa app, find and select the “Lipa na M-Pesa” option, which is usually located on the app’s main menu.
3. Choose “Pay Bill”: Within the “Lipa na M-Pesa” menu, select the “Pay Bill” option.
4. Enter the Equity Bank Paybill number: You’ll be prompted to enter the Paybill number for Equity Bank. Enter the correct Paybill number, which is usually “247247.”
5. Enter your Equity Bank account number. This is the account where you want to deposit the money.
6. Enter the amount: Input the amount of money you want to deposit into your Equity Bank account.
7. Confirm the details: Review the transaction details, including the Paybill number, your Equity Bank account number, and the amount. Ensure that all information is correct.
8. Enter your M-Pesa PIN: To authorize the transaction, you’ll need to enter your M-Pesa PIN.
9. Complete the transaction: Once you’ve entered your PIN, the transaction will be processed, and the money will be deposited into your Equity Bank account.

After Transferring Money from Mpesa to Equity Bank

Check for the confirmation message after sending the money. You will receive a confirmation message from either M-Pesa or equity bank. The message is important as it shows that the transaction has gone through.

M-Pesa rates apply when sending money from M-Pesa to the Equity Bank account. However, the amounts will differ depending on the amount you want to send to your bank. The amount you can transfer is also capped at the daily M-Pesa rates.

You can contact Equity Bank using any of the following means below for any help.

Equity Bank Contacts

Phone: +254 763 063 000 / +254 763 000 000

Twitter: @KeEquityBank

Facebook: Equity Bank Kenya

info@equitybank.co.ke