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How to Deposit Money to Equity Bank Account from Mpesa

Vincent Nyoike
Vincent Nyoike Banking

If you have money in your Mpesa and you want to deposit it to your Equity Bank account, you don’t have to withdraw it to make a deposit to your Equity bank account. You can send the money directly to your bank account from your Mpesa. This is possible through the Equity Pay bill number. Also, you can withdraw money from your Equity bank account to your Mpesa.

How to Deposit Money to Equity Bank from Mpesa

To deposit money to your Equity Bank Account from Mpesa, you need to use the Pay bill number 247247. It is free to deposit money to an Equity Bank account from Mpesa.

Follow these simple steps:

  • Go to Mpesa
  • Select Lipa na Mpesa
  • Select Pay bill
  • Select Enter Business Number and enter 247247
  • Enter your Equity Bank Account number
  • Enter the amount you want to deposit
  • Enter your Mpesa PIN and press Ok
  • Check and verify that all the details are correct and then press Ok
  • You will receive an Mpesa notification message
  • You will also receive a confirmation from Equity Bank

How to Deposit Money to Equity Account from Mpesa through USSD

You can also deposit money to your Equity bank account through USSD code *247# Follow these simple steps:

  • Dial *247# from your phone
  • Select option 3: Send Money
  • Enter the Equity bank account number
  • Enter the amount you want to deposit
  • Enter your PIN and then send
  • You will receive a confirmation message

How to Withdraw Money from Equity Bank to Mpesa

You can also withdraw money from your Equity Bank account to your Mpesa using an Equitel SIM card or Eazzy Banking app. You will be charged to withdraw money from your Equity Bank account to Mpesa. The charges depend on the amount you are transacting.

1. Equitel SIM Card

You can withdraw money from your Equity bank to Mpesa through Equitel SIM card through these simple steps:

  • Visit your Equitel SIM toolkit
  • Choose My Money and click Next
  • Enter the Safaricom phone number that you want to send money to
  • Enter the amount of money you want to send
  • Enter your Equitel PIN
  • Verify that all the details that you have entered are correct and click Send
  • You will receive a confirmation message from Equity Bank
  • The recipient Mpesa number will also receive an Mpesa and Equity Bank confirmation message

2. Eazzy Banking App

You can also withdraw money from your Equity Bank account number to Mpesa through Eazzy Bank App. You can download the Eazzy bank app from Google Play or App Store.

To withdraw through Eazzy Bank app, follow these steps:

  • Open the Eazzy Bank app
  • From the menu, select Send to Mpesa
  • Enter the Mpesa phone number you want to send to
  • Enter the amount you want t send
  • Enter your Eazzy Bank App

Read also: How to apply for Mpesa business till number.

Final Word 

Cash deposits and withdrawals from Equity Bank account through Mpesa has made banking very easy. One doesn't have to visit a banking hall to withdraw or deposit money. You can easily access your money in Equity bank account through Mpesa. Also, you can make payments for goods services through this service.