PesaLink has revolutionized the way money is transferred in Kenya, offering fast and secure transactions through a network of local banks. Operated by Integrated Payments Service Limited (IPSL), PesaLink allows users to send money between accounts in real-time, 24/7, making it a popular choice for individuals and businesses alike. In this article, we’ll explore Prime Bank’s PesaLink charges and highlight the convenience and affordability this service brings to its customers.
What is PesaLink?
PesaLink is an instant money transfer service that enables individuals to send funds directly from one bank account to another. Unlike mobile money services that often require a wallet-to-bank or bank-to-wallet transfer, PesaLink allows for seamless bank-to-bank transfers, eliminating the need for intermediaries. With over 30 participating banks, PesaLink facilitates fast, secure, and cost-effective transactions across Kenya.
Prime Bank is among the banks offering PesaLink services, and its customers enjoy the ability to send money in amounts ranging from as low as Ksh 10 to Ksh 999,999 at competitive rates.
Prime Bank PesaLink Transactional Charges
Prime Bank offers transparent and affordable fees for PesaLink transfers, as detailed below:
| Amount | Charges (Ksh) |
|---|---|
| Ksh 0 – 1,000 | Free |
| Ksh 1,001 – 50,000 | 30 |
| Ksh 50,001 – 100,000 | 40 |
| Ksh 100,001 – 150,000 | 45 |
| Ksh 150,001 – 200,000 | 50 |
Benefits of Using Prime Bank PesaLink
- Instant Transfers: PesaLink ensures that your money reaches its destination in real-time, making it ideal for urgent payments and transactions.
- Affordable Charges: With competitive fees, especially for amounts above Ksh 1,000, PesaLink is a cost-effective alternative to traditional bank transfers and mobile money services.
- Convenience: Available 24/7, PesaLink allows Prime Bank customers to send money at any time, even outside regular banking hours.
- Wide Range of Transfer Limits: PesaLink caters to both small and large transactions, with amounts ranging from as low as Ksh 10 to Ksh 999,999.
- Security: Backed by IPSL and the participating banks, PesaLink is a secure platform that adheres to high security standards, ensuring the safety of your funds.
How to Use PesaLink at Prime Bank
Using PesaLink via Prime Bank is straightforward. Customers can access the service through various channels including:
- Mobile Banking App: Prime Bank customers can use the bank’s mobile app to initiate PesaLink transfers. Simply log in, select “PesaLink” from the menu, enter the recipient’s details, and confirm the transfer.
- USSD: For those without access to the mobile app, Prime Bank offers a USSD option, allowing customers to send money using basic mobile phones.
- Internet Banking: PesaLink transactions can also be carried out through Prime Bank’s internet banking platform, giving users flexibility in how they manage their finances.
Prime Bank Contacts for PesaLink Inquiries
Should you have any questions or issues regarding PesaLink services at Prime Bank, you can reach the bank through the following contacts:
- Phone: +254 111 006 000 / +254 719 090 000
- Email: info@primebank.co.ke
IPSL Contacts for PesaLink Support
For inquiries or support related to the PesaLink platform, you can reach out to IPSL via:
- Phone: 0709 485000 / 020 2219520
- Email: info@ipsl.co.ke
Prime Bank’s PesaLink service offers a fast, secure, and affordable way for customers to send money between banks in Kenya. With real-time transfers, competitive charges, and high-level security, PesaLink is a valuable tool for both personal and business transactions. Whether you need to send small amounts or larger sums, Prime Bank’s PesaLink solution has you covered.
