Sending money between Equity Bank & MPESA 2023

Equity Bank and M-PESA, two prominent financial services in Kenya both ensure that you can access and manage your funds with a few simple steps. In this article, we will walk you through how to make an Equity Bank to MPESA transaction and vice versa.

How to Make an Equity Bank to MPESA Transaction

To initiate a bank-to-M-PESA transaction, you can use a USSD (short) code. Here’s a step-by-step guide:

1. Register for mobile banking or Internet banking

Before you can use the USSD code, you need to register for mobile banking or Internet banking through your branch. Once you’re registered, you’ll receive the unique short code, which will be essential for this process. For Equity Bank it’s usually *247#.

2. Dial the USSD number

Dial the provided USSD number on your mobile phone.

3. Follow the instructions

The USSD menu may vary from bank to bank, so it’s essential to follow the specific instructions given. Generally, you will be prompted to select the option for transferring money to M-PESA. Follow the on-screen instructions to enter the required details, such as the recipient’s M-PESA number and the amount you wish to transfer.

4. Confirmation

 After you’ve completed the steps, you will receive a confirmation message, verifying the successful transfer of funds from your bank account to your M-PESA wallet. This confirmation ensures that your money is securely moved, and you can now use it as needed.

How to make an MPESA to Equity bank transaction

Transferring money from your M-PESA wallet to your bank account is equally easy. Here’s how to do it:

1. Go to the M-PESA menu

On your mobile phone, access the M-PESA menu.

2. Choose Lipa na M-PESA

From the menu options, select “Lipa na M-PESA.”

3. Enter the bank’s business number

To proceed, you’ll need to enter the bank’s business number. It’s crucial to consult with your bank or check their website for the accurate business number.

4. Enter your bank account number

After entering the business number, you’ll be prompted to input your bank account number. Double-check this number to ensure accuracy.

5. Specify the amount sending money between Equity Bank & MPESA 2023

Enter the amount you want to transfer from your M-PESA wallet to your bank account.

6. Enter M-PESA PIN

To complete the transaction, you will need to enter your M-PESA PIN, ensuring the security of your funds. You should receive an SMS once the transaction is successfully processed. 

Final thoughts on sending money between Equity Bank & MPESA 2023

Whether you need to move money from your Equity bank account to your MPESA wallet or vice versa, the process is simple and secure, enhancing your financial flexibility and convenience.