How to Withdraw from Equity Bank to M-Pesa: A Step-by-Step Guide
Are you tired of queuing at the bank to withdraw cash, only to find out that the ATM is out of service or has a long line? Worry no more! With Equity Bank’s mobile banking service, you can now withdraw from your bank account directly to your M-Pesa wallet. In this article, we’ll show you how to withdraw from Equity Bank to M-Pesa, a convenient and hassle-free way to access your cash.
What You Need to Get Started
Before we dive into the withdrawal process, make sure you have the following:
– An active Equity Bank account
– A registered M-Pesa line
– Equity Bank’s mobile banking app or USSD code (*247#)
– Your Equity Bank account PIN and M-Pesa PIN
Method 1: Withdrawing via Equity Bank’s Mobile App
If you have the Equity Bank mobile app installed on your phone, follow these steps to withdraw from your bank account to M-Pesa:
1. Log in to the app using your username and password.
2. Tap on the “Withdraw” option on the dashboard.
3. Select “M-Pesa” as the withdrawal method.
4. Enter the amount you want to withdraw, ensuring it’s within the daily limit.
5. Enter your Equity Bank account PIN to authenticate the transaction.
6. Wait for the confirmation message from Equity Bank.
7. You’ll receive an SMS from M-Pesa with your withdrawn amount.
Method 2: Withdrawing via USSD Code
If you don’t have the mobile app, you can use the USSD code to withdraw from your Equity Bank account to M-Pesa:
1. Dial *247# on your phone.
2. Select “Withdraw” from the menu.
3. Choose “M-Pesa” as the withdrawal method.
4. Enter the amount you want to withdraw, ensuring it’s within the daily limit.
5. Enter your Equity Bank account PIN to authenticate the transaction.
6. Wait for the confirmation message from Equity Bank.
7. You’ll receive an SMS from M-Pesa with your withdrawn amount.
Withdrawal Limits and Charges
It’s essential to note that there are daily withdrawal limits and charges associated with this service:
– The daily withdrawal limit is KES 140,000.
– A transaction fee of KES 33 is charged for each withdrawal.
– M-Pesa may also charge a small fee for receiving the withdrawn amount.
Tips and Precautions
To ensure a smooth withdrawal process, keep the following tips in mind:
– Ensure you have sufficient balance in your Equity Bank account.
– Verify your M-Pesa line is registered and active.
– Keep your account PIN and M-Pesa PIN confidential to avoid unauthorized transactions.
– Be cautious when using public Wi-Fi or public computers to access your mobile banking app.
By following these steps and tips, you can easily withdraw from your Equity Bank account to M-Pesa, giving you the convenience and flexibility to access your cash whenever you need it. Remember to always prioritize your account security and be mindful of the withdrawal limits and charges.
Withdrawing from Equity Bank to M-Pesa: A Step-by-Step Guide
In this section, we’ll explore the process of withdrawing from Equity Bank to M-Pesa, a convenient and popular mobile payment service in Kenya.
| Step | Action | Description |
|---|---|---|
| 1 | Dial *247# | Use your Equity Bank registered mobile number to dial the USSD code. |
| 2 | Select “Withdraw Cash” | Choose the “Withdraw Cash” option from the menu. |
| 3 | Enter M-Pesa Number | Enter your M-Pesa registered mobile number. |
| 4 | Enter Amount | Enter the amount you want to withdraw from your Equity Bank account. |
| 5 | Confirm Transaction | Confirm the transaction details and wait for the confirmation message. |
| 6 | Receive M-Pesa Funds | Receive the withdrawn amount in your M-Pesa account. |
Conclusion
Withdrawing from Equity Bank to M-Pesa is a straightforward process that can be completed in a few simple steps. By following the steps outlined in the table above, you can easily access your Equity Bank funds using your M-Pesa account. Remember to always use your registered mobile number and ensure you have sufficient funds in your Equity Bank account to avoid any transaction errors.
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