Summary
She remembered that she had money in her Equity Bank account, but she didn’t have time to go to a physical bank branch. The only option remains to make the withdrawal via mpesa.
Here’s the full story: Sarah, was rushing to catch a flight to an important business meeting in Mombasa. As she arrived at the airport, she realized she needed extra money for her trip. It’s truly embracing!
Luckily he had an M-pesa outlet near the airport. In this article, we will show you step by step how to withdraw your money safely when you are an Equity Bank and M-pesa customer. Several options are available to you to carry out this financial transaction, including using the Equity Bank USSD code, the Equitel line, the Equity Eazzy Banking application or the online banking platform.
How to transfer money from Equity Bank to Safaricom M-pesa?
Method 1: Use USSD code
To use this mode, you must follow the following steps:
1. Dial *247# and press the call key on your phone
2. Select your preferred language, if not already done.
3. If your Equity bank account is linked to M-pesa, you will be asked to enter your bank PIN. Otherwise, you will be asked to link your existing account.
4. Next, choose the account you want to withdraw money from.
5. Select the “M-pesa” withdrawal option
6. Enter M-Pesa phone number
7. Enter the amount you wish to withdraw.
8. You will then receive an SMS from Equity Bank confirming the success of your phone, as well as another SMS from M-Pesa if you are withdrawing to your own M-Pesa account.
Method 2: Withdraw money from Equity to Safaricom M-Pesa with Equitel line
If the first method is not effective, you have the option of using Equitel, you will simply follow the steps below:
1. Access the Equitel sim kit on your phone.
2. Then select the “My Money” option.
3. Then choose the “Send/Pay” option.
4. Enter the Equity account number from which you wish to make the withdrawal, then press “OK”
5. Then select “To Others”, after choose “M-pesa”
6. Then enter the M-Pesa phone number to which the money will be sent.
7. Enter the amount to send
8. Confirm that you have entered the correct phone number and amount.
9. To complete the transaction, Enter your Equitel PIN, then tap OK to approve the withdrawal. You will then receive a confirmation message from Equity Bank.
Method 3: Send money from Equity to M-Pesa using the Eazzy Banking app
To be able to safely withdraw money from Equity bank to Safaricom M-Pesa using the Eazzy Banking mobile app, you need to follow the steps below:
1.Open the Eazzy Banking app first
2. You will then be directed to the application’s home page and select the “Send to M-Pesa” option.
3. Then enter the M-Pesa phone number where the money will be sent or select it from your contact list.
4. Enter the amount to send and then enter the PIN code from the Eazzy Banking application.
5. You will receive an SMS containing a unique Equity code (OTP) valid for 15 minutes.
6. Enter this code to finalize the financial transaction.
You will receive a message from Equity Bank confirming the withdrawal of money from your Equity account. And the recipient will also receive a confirmation message from M-Pesa.
Method 4: Using online banking
If the first three methods do not suit you, a good alternative is to use the online banking service to carry out the operation. To do this, simply follow the following steps:
1. Go to the dedicated Equity Bank website: online.equitybankgroup.com.
2. Select your country and press “Enter”. This step is really necessary, otherwise you will not be able to connect.
3. Then, log in using your user ID and password.
4. Once logged in, on the home screen click on “Withdraw funds”.
5. Then select M-pesa as the account to send money to.
6. Correctly enter the recipient’s M-Pesa phone number.
7. Then enter the amount to send and check if the information entered is correct.
Finally, confirm the transaction.
How much will the transaction cost?
Here is an image, which shows you the different prices to benefit from this service:
Frequently asked Questions
How long does it take for the transaction to complete?
Most transactions are carried out instantly, the maximum you have to wait 5 minutes.
Are there any fees associated with these transfers?
If your account is linked, this transaction is free.
Can I make these transactions from anywhere?
Yes, as long as you have an internet connection or a mobile phone, you can make these transactions from anywhere in Kenya.
Can I withdraw money from Equity to someone else’s M-Pesa account?
Yes, you just need to put in these M-pesa details and that’s it.
Conclusion
Finally, transactions between Equity bank and Safaricom M-pesa have become more frequent among the Kenyan population. Whether you prefer to use USSD code, Equitel line, Eazzy Banking app or EazzyNet online banking, you have the option to transfer funds quickly and securely.
Thanks for reading the article, it was Mavie makiese in writing.
