If you’re a Standard Chartered Bank account holder in Kenya, transferring money from your account to M-Pesa is a seamless process. With over 22 branches in Kenya, Standard Chartered (commonly known as Stanchart) provides convenient options for customers to move money between their bank accounts and M-Pesa, one of Kenya’s leading mobile money platforms. Whether you are using the USSD code *722# or the SC Mobile Kenya app, transferring funds to M-Pesa is fast, efficient, and user-friendly.
How to Transfer Money from Standard Chartered Bank to M-Pesa
To withdraw money from your Standard Chartered Bank account to M-Pesa, you have two simple options:
- Via USSD: Dial *722# on your phone, follow the prompts, and complete the transfer.
- Via SC Mobile Kenya App: For those using smartphones, the SC Mobile Kenya app offers a more streamlined way to transfer funds to M-Pesa.
Standard Chartered Bank to M-Pesa Transfer Charges
Here is the breakdown of the charges for withdrawing money from your Standard Chartered Bank account to M-Pesa:
| Transaction Range (Ksh) | Charges (Ksh) |
|---|---|
| 1 – 100 | 0 |
| 101 – 500 | 11 |
| 501 – 1,000 | 15 |
| 1,001 – 1,500 | 18 |
| 1,501 – 2,500 | 25 |
| 2,501 – 3,500 | 35 |
| 3,501 – 5,000 | 47 |
| 5,001 – 7,500 | 57 |
| 7,501 – 20,000 | 67 |
| 20,001 – 150,000 | 70 |
Key Takeaways
- Free Transactions: Transferring between Ksh 1 and Ksh 100 is free of charge.
- Affordable Transfers: Small to medium transactions (ranging from Ksh 101 to Ksh 20,000) incur modest fees, starting from as low as Ksh 11.
- Larger Transfers: Transactions between Ksh 20,001 and Ksh 150,000 incur a flat fee of Ksh 70, making it cost-effective for larger transfers.
Contact Standard Chartered Bank
For any questions or assistance, you can contact Standard Chartered Bank through the following channels:
- Phone: +254 20 329 3900 / +254 703 093 900
- Email: Ke.Service@sc.com
In conclusion, transferring money from Standard Chartered Bank to M-Pesa is straightforward and affordable, with fees that cater to different transaction sizes. Whether you’re handling small personal transfers or larger business-related transactions, Standard Chartered ensures that its customers can easily access M-Pesa services with minimal costs.
