Sending money from your Mpesa account to your Equity Bank account is a convenient and quick process. Equity Bank, a tier-one financial institution in Kenya, has been operating since December 2004. With its head office located at Equity Centre in Upperhill, Nairobi, the bank has grown to establish over 192 branches across Kenya. This guide will walk you through the steps on how to send money from Mpesa to your Equity Bank account in just a few easy steps.
Why Use Mpesa to Transfer Money to Equity Bank?
Mpesa, Kenya’s leading mobile money service, offers an efficient way to transfer money to your Equity Bank account without the need to visit a bank branch or ATM. This service is available to all Equity Bank customers who have an Mpesa account and know their Equity Bank account number. Whether you’re depositing money for savings, paying a loan, or making a business transaction, this process can be completed in just a few minutes.
Steps to Send Money from Mpesa to Equity Bank Account
Here’s a simple step-by-step guide on how to deposit money into your Equity Bank account via Mpesa:
- Go to the Mpesa Menu
Start by opening the Mpesa menu on your mobile phone. - Select Lipa na Mpesa
Once you’re in the Mpesa menu, scroll down and select the “Lipa na Mpesa” option. - Select Paybill
After selecting Lipa na Mpesa, choose the “Paybill” option from the menu. This will allow you to input the business number for Equity Bank. - Enter 247247 as the Business Number
The official Mpesa Paybill number for Equity Bank is 247247. Enter this number carefully to ensure your transaction goes through correctly. - Enter Your Equity Bank Account Number
Next, input your Equity Bank account number. This is where the money will be deposited. Make sure you enter the correct account number to avoid sending funds to the wrong account. - Enter the Amount
Input the amount of money you wish to deposit into your Equity account. You can deposit any amount based on your Mpesa balance. - Enter Your Mpesa PIN
For security purposes, Mpesa will prompt you to enter your Mpesa PIN. Input your PIN and press “OK” to confirm the transaction. - Receive a Transaction Confirmation Message
Once the transaction is processed, you will receive a confirmation SMS from Mpesa confirming the payment. You will also receive a notification from Equity Bank, confirming that the deposit has been successfully credited to your account.
Additional Tips
- Ensure you have sufficient funds in your Mpesa wallet to cover both the transfer amount and any applicable Mpesa transaction fees.
- Always double-check your Equity Bank account number before confirming the transaction to avoid errors.
- If you encounter any issues during the transaction, you can reach out to Equity Bank for assistance using the contact details below.
Equity Bank Contact Information
If you need help or further clarification on how to transfer money from Mpesa to your Equity Bank account, you can contact Equity Bank through the following channels:
- Phone: 0763063000
- Twitter: @KeEquityBank
- Facebook: Equity Bank Kenya
Depositing money from Mpesa to your Equity Bank account is a seamless and fast process. Whether you need to transfer funds for personal savings, pay bills, or meet business obligations, the steps outlined above will guide you through the process. With Mpesa and Equity Bank working together, you can enjoy the convenience of mobile banking anytime, anywhere.
