Depositing money into your SBM Bank account from M-Pesa is a fast and convenient process. SBM Bank Kenya, which was formerly known as Fidelity Commercial Bank before its acquisition by Mauritius’s SBM Africa Holdings Limited in May 2017, has embraced mobile banking to ensure that customers can easily manage their finances. One of the most popular services is the ability to transfer funds directly from M-Pesa to SBM Bank accounts.
Here’s an easy-to-follow guide on how to deposit money into your SBM Bank account using M-Pesa.
SBM Bank M-Pesa Paybill Number: 552800
Step-by-Step Guide: How to Deposit Money from M-Pesa to SBM Bank
- Go to your M-Pesa Menu
Start by accessing M-Pesa on your mobile phone by dialing *334# or opening the M-Pesa app. - Select “Lipa na M-Pesa”
This option is located in the M-Pesa menu and is used for payments and transfers. - Select “Paybill”
The Paybill option allows you to send money to business accounts, including banks. - Enter SBM Bank Paybill Number: 552800
Key in 552800 as the Business Number to route the money to SBM Bank Kenya. - Enter Your SBM Bank Account Number
Input your SBM Bank account number. Ensure that the account number is correct to avoid delays or failed transactions. - Enter the Amount
Specify the amount of money you would like to deposit into your SBM account. - Enter Your M-Pesa PIN
For security, enter your M-Pesa PIN to authorize the transaction. - Confirm Transaction and Press OK
After entering the correct details, confirm the transaction by pressing “OK.” - Receive Confirmation Messages
You will receive two SMS notifications: one from M-Pesa and another from SBM Bank confirming that your deposit was successful.
Why Deposit Using M-Pesa?
Depositing money from M-Pesa to your SBM Bank account comes with several benefits, including:
- Convenience: You can deposit money from anywhere at any time without visiting a bank branch.
- Instant Confirmation: Both M-Pesa and SBM Bank send real-time transaction confirmations, so you know your money is safe.
- Cost-Effective: The charges for M-Pesa to bank transfers are relatively low compared to other methods.
- Speed: The transfer is quick, with funds reflecting almost immediately in your SBM Bank account.
SBM Bank Kenya: Expanding Digital Services
Since entering the Kenyan market in 2017, SBM Bank has positioned itself as a modern, tech-driven financial institution. The bank offers a variety of services tailored for both corporate and retail clients, including mobile banking, internet banking, and competitive loan products. The ease of depositing funds via M-Pesa is part of the bank’s commitment to making banking accessible and hassle-free for all its customers.
SBM Bank Kenya Contacts
If you encounter any issues or have questions regarding your M-Pesa deposits or other banking services, SBM Bank offers customer support through the following channels:
- Phone: 0709 800 000 or 0730 175 000
- Email: atyourservice@sbmbank.co.ke
With this easy-to-follow guide, depositing money into your SBM Bank account has never been simpler. Whether you’re transferring small amounts for everyday expenses or larger sums for savings, M-Pesa and SBM Bank provide a seamless and efficient way to manage your money.
