PesaLink is a popular instant money transfer service in Kenya, allowing users to send funds between local banks in real-time, 24/7. Operated by Integrated Payments Service Limited (IPSL), PesaLink provides a seamless way for bank account holders to transact without the delays associated with traditional interbank transfers. In this article, we will look at the PesaLink charges for customers of Victoria Commercial Bank, one of the many financial institutions that offer this service.
What is PesaLink?
PesaLink was introduced to streamline interbank transfers across Kenya, enabling faster and more efficient transactions. With over 30 participating banks, the service allows individuals and businesses to send money directly from one bank account to another, eliminating the need for mobile money wallets or other intermediaries. This makes it an attractive option for those looking to transfer funds quickly and securely.
PesaLink supports transactions ranging from Ksh 10 to Ksh 999,999, providing a wide range of transfer options to suit various customer needs.
Victoria Commercial Bank PesaLink Transactional Charges
For customers of Victoria Commercial Bank, PesaLink provides an easy and convenient way to send money to other banks. Below are the transaction charges based on the amount being transferred:
| Amount | Charges (Ksh) |
|---|---|
| Ksh 0 – 500 | Free |
| Ksh 501 – 5,000 | 70 |
| Ksh 5,001 – 10,000 | 85 |
| Ksh 10,001 – 100,000 | 110 |
| Ksh 100,001 – 999,999 | 130 |
These charges are competitive, making PesaLink a cost-effective alternative for both small and large transactions.
Benefits of Using PesaLink at Victoria Commercial Bank
- Instant Transfers: PesaLink enables real-time transfers, ensuring that funds are available to the recipient almost immediately, which is critical for time-sensitive transactions.
- 24/7 Availability: PesaLink operates round-the-clock, including weekends and public holidays, allowing you to transfer money whenever you need to.
- Affordable Fees: Victoria Commercial Bank offers competitive PesaLink charges, particularly for smaller transactions, where transfers under Ksh 500 are free.
- Security: The service is backed by the bank and IPSL, ensuring high levels of security and reliability for your transfers.
- Wide Transfer Limits: With the ability to transfer amounts as low as Ksh 10 and up to Ksh 999,999, PesaLink caters to a wide range of transaction needs.
How to Use PesaLink with Victoria Commercial Bank
Victoria Commercial Bank customers can access PesaLink through the following platforms:
- Mobile Banking: You can initiate PesaLink transfers via the bank’s mobile banking app, making it easy to send money directly from your phone.
- Internet Banking: Victoria Commercial Bank also supports PesaLink transfers through its internet banking portal, offering another convenient option for customers.
- Bank Branches: For those who prefer face-to-face interactions, PesaLink transactions can also be processed at Victoria Commercial Bank branches.
Victoria Commercial Bank Contacts for PesaLink Inquiries
For any questions or issues related to PesaLink services at Victoria Commercial Bank, customers can reach out to the bank using the following contacts:
- Phone: +254 709 876 100
- Email: info@victoriabank.co.ke
IPSL Contacts for PesaLink Support
For issues directly related to the PesaLink platform, customers can contact IPSL through:
- Phone: 0709 485000 / 020 2219520
- Email: info@ipsl.co.ke
Victoria Commercial Bank’s PesaLink service provides a fast, affordable, and secure way to transfer money across banks in Kenya. With competitive charges, instant transfers, and high security, PesaLink is a valuable tool for both personal and business transactions. Whether you’re sending small amounts or large sums, Victoria Commercial Bank’s PesaLink service ensures your money reaches its destination swiftly and safely.
