PesaLink has revolutionized the way people in Kenya transfer money between bank accounts. Operated by Integrated Payment Services Limited (IPSL), PesaLink provides a real-time, 24/7 money transfer solution that connects all banks that are members of the Kenya Bankers Association. Equity Bank is one of the key players offering this service to its customers.
Whether you’re sending money to family, making business transactions, or settling bills, PesaLink is a fast, efficient, and secure option. Below, we dive into the specific charges involved when using PesaLink via Equity Bank.
Equity Bank PesaLink Charges
Equity Bank offers competitive rates for PesaLink transactions, ensuring customers can transfer funds affordably. The charges are based on the amount being transferred, as shown below:
- Ksh 0 – 1,000: Free
- Ksh 1,000 – 99,999: Ksh 60
- Ksh 100,000 – 999,999: Ksh 120
These rates make Equity Bank’s PesaLink service one of the most affordable instant money transfer solutions in Kenya, particularly for customers transferring lower amounts of money.
Why Use PesaLink?
PesaLink stands out because it allows you to transfer funds directly from one bank account to another without the need for intermediaries such as mobile money wallets. This eliminates the need for withdrawing funds to mobile platforms before sending them to another bank, saving users time and money.
Some of the key benefits of using PesaLink include:
- Real-time transactions: Transfers happen instantly, regardless of the time or day.
- High limits: You can transfer up to Ksh 999,999 in one transaction, which offers a higher limit compared to most mobile money services.
- Cost-effective: Especially for smaller amounts (under Ksh 1,000), where you are not charged any fees at all.
How to Use PesaLink on Equity Bank
To transfer money via PesaLink using Equity Bank, follow these steps:
- Equity Mobile App: Log in to your Equity Bank mobile banking app and select the PesaLink option under funds transfer.
- USSD Code: Dial *247# from your mobile phone, follow the prompts to choose PesaLink, and complete your transfer.
- Equity Bank Internet Banking: If you’re using the bank’s online banking service, you can also access PesaLink through the ‘funds transfer’ section.
Equity Bank Contact Information
For any questions or further assistance regarding PesaLink, you can reach out to Equity Bank’s customer service team through the following channels:
- Phone: +254 763 000 000
- Email: info@equitybank.co.ke
Integrated Payments Service Limited (IPSL) Contact Information
For more information on PesaLink and services provided by IPSL, you can contact them directly:
- Phone: 0709 485000 / 020 2219520
- Email: info@ipsl.co.ke
Equity Bank’s PesaLink service offers a convenient and cost-effective way to transfer money instantly between bank accounts. With no charges for transactions below Ksh 1,000 and affordable rates for larger amounts, PesaLink is ideal for both personal and business use. The service’s wide reach, combined with Equity’s mobile and online banking platforms, makes it accessible for millions of Kenyans.
If you’re looking for a seamless, affordable, and real-time money transfer solution, PesaLink via Equity Bank should be top of your list.
