How to make an M-Pesa to Bank Transaction

M-Pesa to Bank Transaction - ugtechmag.com
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It is now easy to transfer money between your bank and M-PESA. You have to register for Mobile Banking with your bank in order to use this service. You also need to register for M-PESA at an agent outlet.

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There are benefits to this. For instance:

  1. The convenience of easy transfers from your account at any time.
  2. Curbs the risks associated with handling cash.
  3. It is easy to make payments through M-PESA.

Here’s how to access M-PESA Transaction:

This service can only be accessed by M-PESA registered users via:

  • Via USSD for Bank to M-PESA
  • Register for Mobile banking together with your bank and register for the M-PESA service.
  • Registration is FREE.

Related:
Updated M-PESA Transaction Charges 2022
How to change your Safaricom M-Pesa pin if forgotten
How to Lipa na M-Pesa using T-Kash and Airtel Money

How to make an M-Pesa to Bank Transaction - ugtechmag.com - 1
Credit: Nairobi Times

Here’s How to┬áMake a Bank to M-PESA transaction

  • This can be done via USSD code.
  • Register for mobile banking together with your branch to obtain the USSD code.
  • This will permit you to move money from your bank account into your M-PESA account conveniently.
  • Simply dial the USSD number and follow the instructions indicated there.

Here’s How to make an M-PESA to Bank Transaction

  • This is accessible via PayBill.
  • Go to M-PESA Menu on your phone
  • Go to Lipa na M-PESA,
  • Select PayBill option
  • Enter the bank’s business number
  • Enter the account number which is your bank account number
  • Enter amount
  • Then Enter M-PESA pin.
  • SMS confirmation will be received on phone

The following table shows a list of most banks in Kenya and their M-PESA Paybill numbers.

 Name of BankM-PESA PayBill number
1Kenya Commercial Bank KCB522522
2National Bank of Kenya NBK547700
3Barclays Bank303030
4Equity Bank247247
5Cooperative Bank of Kenya400200
6Standard Chattered Bank329329
7Family Bank Ltd222111
8Diamond Trust Bank (DTB)516600
9Ecobank700201
10CFC Stanbic Bank600100
11Commercial Bank of Africa (CBA)880100
12I&M Bank Ltd542542