September 27, 2023

Get to Know Equity Bank to M-Pesa Charges

Equity Bank to mpesa charges

Equity Bank charges for sending money to M-Pesa accounts are based on the amount you’re transferring. They typically range from a minimum of KES 10 to a maximum of KES 200. Keep in mind, these charges are subject to change and may vary from time to time. 

Also, remember that these charges are automatically deducted from your account when you initiate the transfer. So, it’s always a smart move to account for these fees when planning your transfer. 

This article will shed light on three popular methods: bank-to-mobile wallets, Equitel to other mobile wallets, and bank-to-bank transfers. 

Bank to Mobile Wallets 

Transferring money between bank accounts and mobile wallets such as M-Pesa and Airtel Money is a popular method for quick and efficient fund transfers. The charges for these transfers vary based on the transfer amount. 

Transfer Amount (KSHs)Bank Charge to M-Pesa (KSHs)Bank Charge to Airtel (KSHs)
1 – 10000
101 – 5001111
501 – 1,0001313
1,001 – 1,5002020
1,501 – 2,5002525
2,501 – 3,5003535
3,501 – 5,0004545
5,001 – 7,5005555
7,501 – 20,0006565
20,001 – 150,0006565

Equitel to Other Mobile Wallets 

Equitel provides a convenient option for transferring funds to other mobile wallets like M-Pesa and Airtel Money. 

Note: Similar to bank to mobile wallet transfers, the charges for these transfers vary based on the transfer amount.

Bank to Bank Transfers 

Bank-to-bank transfers offer a reliable and secure way to move funds between different bank accounts. 

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Transfer TypeService Charge (KSHs)
Equity to Equity Account0
Equity to Other Bank Accounts500
Equity to Other Bank Accounts (PesaLink)0 – 1,000: 0
1,000 – 100,000: 50
100,001 – 999,000: 100
Cross Border (SWIFT)1,000

Equity Bank Kenya to mobile money M-Pesa and Airtel Money charges 2023

Transaction bands (Kshs)Transaction charges (Kshs)
1 – 100FreeFree
101 – 5001011
501 – 1,0001213
1,001 – 1,5001420
1,501 – 2,5002325
2,501 – 3,5003335
3,501 – 5,0004345
5,001 – 7,5005555
7,501 – 20,0006565
20,001 – 150,00067
Equity Bank Kenya to mobile money (M-Pesa, Airtel Money, etc) charges 2023

Special Conditions and Limitations 

Transferring funds from Equity Bank to M-Pesa involves certain conditions and limitations. For instance, you can only send a maximum of KES 150,000 per transaction. Additionally, the total amount you can send within a day is capped at KES 300,000. It’s crucial to keep these limits in mind to avoid any hitches when making your transfer. 

Another important point to note is that to use this service, you must have both an active Equity Bank account and an active M-Pesa account. If one of these is not active, you will not be able to make the transfer. 

Making Sense of Equity Bank to M-Pesa Charges 

In conclusion, understanding the charges associated with transferring money from your Equity Bank account to an M-Pesa account is key to efficient financial planning. Be sure to check the current rates and terms before initiating a transaction. This way, you’ll be well-prepared and won’t be caught off guard by unexpected fees or limits. 

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Whether you’re sending money regularly or occasionally, being informed about the costs involved can help you make the most of this convenient service. After all, nobody likes unpleasant surprises when it comes to their hard-earned money! So, stay knowledgeable and keep those transfers flowing smoothly.

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