Kenya Commercial Bank (KCB) offers PesaLink, a revolutionary service that allows customers to transfer money instantly between banks in Kenya. PesaLink is a real-time money transfer service that operates 24/7, enabling KCB customers to send and receive money from other local banks seamlessly. The service allows users to send as little as Ksh 10 and up to Ksh 999,999 per transaction, providing flexibility for various personal and business needs.
Whether you’re using mobile banking, USSD (*522#), internet banking, or even visiting a KCB branch or agent, PesaLink ensures that money transfers are quick, easy, and secure. This article will guide you through KCB’s PesaLink charges and how you can use this convenient service.
How to Register for PesaLink with KCB
To register for PesaLink through KCB, follow these simple steps:
- *Dial 522# and enter your mobile banking PIN.
- Select Cash Transfers from the menu.
- Choose PesaLink and proceed with registration.
- Confirm the account you wish to link to your mobile number. By default, the mobile number linked to your mobile banking account will be used.
- You will receive a confirmation SMS from PesaLink, indicating successful registration.
Once registered, you can access PesaLink services through:
- KCB Mobile Banking: Via USSD (*522#) and the KCB App.
- KCB Internet Banking.
- KCB ATMs.
- KCB Bank branches across the country.
- KCB Bank Agents.
How to Send Money via PesaLink Using KCB
*Via USSD (522#):
- Dial ** 522#* and select Cash Transfers.
- Select PesaLink and choose Pay a Person.
- Choose to Pay to a Phone, an Account, or a Card.
- Select the KCB account from which to pay.
- Select the bank where the recipient’s account is held (sorted by the first letter of the bank).
- Enter the recipient’s bank account number.
- Enter the amount and submit the transaction.
- Provide a description (reason for payment).
- Confirm the transaction.
You will receive two SMS confirmations, one from KCB and another from PesaLink, confirming the successful transaction.
Via the KCB App:
- Open the KCB App.
- Select Cash Transfers and choose Send to Other Bank or Mobile.
- Search for and select the beneficiary bank where the recipient’s account is domiciled.
- Enter the recipient’s account number, name, and the amount to transfer, then submit.
- Enter your mobile PIN to confirm the transaction.
Once again, you will receive two SMS confirmations—one from KCB and one from PesaLink.
KCB PesaLink Charges
KCB offers competitive rates for PesaLink transactions, making it affordable for customers to transfer money to other bank accounts. Below is a breakdown of the transfer fees for PesaLink transactions at KCB:
| Transaction Amount | Transfer Fees (KES) |
|---|---|
| Ksh 10 – 1,000 | 0 |
| Ksh 1,001 – 5,000 | 36 |
| Ksh 5,001 – 10,000 | 48 |
| Ksh 10,001 – 50,000 | 63 |
| Ksh 50,001 – 100,000 | 96 |
| Ksh 100,001 – 200,000 | 120 |
| Ksh 200,001 – 999,999 | 240 |
Key Points to Note:
- Free transfers: Transactions between Ksh 10 and Ksh 1,000 are free, making PesaLink an affordable option for small transfers.
- Affordable rates: As transaction amounts increase, the charges remain relatively low, offering value for larger transfers.
- Real-time transactions: PesaLink allows for immediate transfer of funds, making it one of the fastest bank-to-bank money transfer options in Kenya.
Why Choose PesaLink with KCB?
- Instant Transfers: PesaLink ensures that funds are transferred and received instantly, making it ideal for urgent payments.
- Convenience: KCB customers can access PesaLink through multiple platforms, including USSD (*522#), the KCB App, internet banking, ATMs, and branches.
- Security: Transactions are processed through secure bank channels, giving customers peace of mind when making large payments.
- Wide Reach: With PesaLink, customers can transfer money to any bank account in Kenya, offering unparalleled reach across the country’s financial institutions.
How to Receive Money via PesaLink
To receive money using PesaLink, simply provide the sender with your KCB account details. The sender must be registered on PesaLink and will initiate the transfer through their bank. The funds will be deposited into your KCB account instantly.
KCB Bank Contacts
For any inquiries about PesaLink, KCB Bank can be reached through the following contacts:
- Phone: +254711087000, +254732187000, +254202287001
KCB PesaLink provides a seamless, efficient, and affordable way to transfer money between bank accounts in Kenya. With real-time transactions and competitive fees, KCB customers can benefit from PesaLink’s versatility for both small and large money transfers. Whether you are sending money to family, paying for services, or conducting business transactions, KCB’s integration of PesaLink makes the process fast and hassle-free.
