Withdraw Money from Equity Bank to Mpesa: With so many Mpesa outlets available, transferring and withdrawing funds from your Equity Bank account to any Mpesa account has never been easier.
You can do this either through Equity Bank USSD, Equitel line, Equity Eazzy Banking App or through the internet banking online platform.
It only takes a few seconds to transfer money from your Equity account to Mpesa.
Transfer Money from Equity Bank to Mpesa Using USSD *247#
The USSD *247# code can now be accessed on all mobile networks in Kenya. You do not need to have an Equitel line to withdraw money from Equity Bank to Mpesa.
Here are simple steps to get you going using the USSD code:
- Dial and call *247#
- Select your preferred language
- If your Equity account is linked, then you will be asked to enter your banking PIN. Otherwise, you will be prompted to link your existing account.
- Now, follow the onscreen Eazzy 247 guides
- Next, choose the account you wish to withdraw cash from
- Select the withdraw option
- Next, select to Mpesa
- Enter the Mpesa mobile number to send to
- Enter the amount you wish to withdraw
- You will receive an SMS from Equity Bank confirming a successful transaction, and another one from Mpesa if, withdraw to your own Mpesa account.
Withdraw from Equity Bank to Mpesa Through Equitel Line
If you have an Equitel line you can follow these steps to withdraw cash to Mpesa:
- Go to the Equitel sim toolkit on your phone
- Now, select My Money option
- Select the Send/Pay option
- Select the Equity account number you want to withdraw from and then press OK
- Next, select To Others option
- Select Mpesa
- Enter the Mpesa mobile phone number you want to send to
- Enter the amount you wish to send
- Confirm that you have entered the correct phone number and amount
- Next, enter your Equitel PIN and then press OK to approve the withdrawal.
You will receive a confirmation message from Equity Bank.
Also Read: How to Send Money from MPesa to KCB Account 2023
You will also get a receipt message from Mpesa if withdrawing to your phone, otherwise, the recipient will get the money and a confirmation message from Mpesa through Equity Bank.
Send Money from Equity to Mpesa Using Eazzy Banking App
To withdraw money from Equity to Mpesa using the Eazzy banking mobile app, do these:
- Search and install the Eazzy Banking app from Google Play Store or Apple Store
- Open the app and link your Equity bank account
- Go to the app’s homepage and select Send to Mpesa option
- Next, enter the Mpesa mobile number you wish to send money to or select it from your contacts
- Enter the amount you wish to transfer
- Enter your Eazzy Banking PIN
- You will receive a text message containing a unique code from Equity
- Now, enter the code to complete the transaction
You will receive a message from Equity Bank confirming the cash withdrawal from your Equity Bank account.
The recipient will receive the cash and a receipt message from Mpesa.
Transfer Money from Equity to Mpesa Using Internet Banking
With Equity Bank’s internet banking, EazzyNet, you can easily transfer money to any Mpesa account no matter where you are in the world.
Follow these simple steps to send money to Mpesa using the EazzyNet online banking:
- Visit Equity Bank’s website: online.equitybankgroup.com
- Select your country and press Enter
- Next, log in with your user ID and Password
- If you don’t have a User ID and Password click on Register now
- Move to Withdraw Funds
- Select Mpesa
- Enter the Mpesa mobile number you wish to withdraw to
- Enter the amount wish to send
- Confirm all the details
- Finally, confirm the transaction.
You will shortly receive an email at your registered email address confirming the withdrawal transaction from your Equity Bank account.
How much money does it cost to transfer from Equity to Mpesa?
Equity has made it possible for customers to easily transfer funds from their bank accounts to Mpesa.
What is the minimum/maximum amount of money transferable from Equity to Mpesa? The minimum amount to be sent to Mpesa is Ksh100, and the maximum amount one can send to Mpesa is Ksh35,000 per transaction with a daily limit of Ksh140,000.
What are the charges of equity money transfer to Mpesa? Here is the table showing the amount ranges against its transaction cost for 2022.
| Band No. | Amount | Transaction cost |
| 1 | Ksh50 – Ksh100 | Ksh34.10 |
| 2 | Ksh101 – Ksh500 | Ksh38.50 |
| 3 | Ksh501 – Ksh1,000 | Ksh44.00 |
| 4 | Ksh1,001 – Ksh1,500 | Ksh49.50 |
| 5 | Ksh1,501 – Ksh2,500 | Ksh60.5 |
| 6 | Ksh2,500 – Ksh35,000 |
How to check your Equity bank balance
Even though Equity Bank is one of the best banks in Kenya, it must adopt timely technological advancements as a move to outplay its competitors in the field of commerce.
Some of the radical changes it has adapted to ease its client service include formulating straightforward ways for customers to check their account balances. How can you check your equity account balance?
Check the Equity balance on Equitel
1. Open Equitel sim toolkit
2. Navigate to the main menu and tap ‘My Money
3. Select ‘Bank Balances’
4. Enter the account number or click on the account you want to check the balance
5. You will receive a prompt to either check temporarily on-screen or receive account balance details via SMS
6. Choose your desired means
7. Enter your pin to finalize the process
Check the Equity balance on the Equity Eazzy app
1. Open the app on your phone
2. Login using your details such as account number and PIN
3. Go to the My Account dashboard and check your balance
Check Equity balance using USSD *247#
1. On your phone, dial *247#
2. Login with your credentials
3. Press the ‘Balance’ option
4. Select one of the accounts displayed, all accounts, mini or full statement via mail
5. After selecting one specific account, you will receive a prompt to; either choose a screen display of your balance or an SMS with your account balance. Choose your desired means
6. Enter your PIN to complete the process
Check Equity balance online using internet banking – EazzyNet
1. Open your browser
2. On the address bar, enter online.equitybankgroup.com
3. Login using your user ID and password
4. After logging in, you will be directed to the homepage. Click ‘Accounts Summary Section’
5. Check your balances which are displayed in the section.
How to get your Equity bank statement Online in Kenya
Equity Bank statements, just like other banks’ statements, are a record of transactions of a customer’s account in terms of money paid into it and money withdrawn from it at a certain duration of time.
They are usually issued by an automated bank system upon the request of the account holder.
Accounts statements are in two forms; a full statement and a mini statement. A full statement is a record of transactions over a period of time; it can be monthly or yearly, while a mini statement contains a list of a few transactions, mostly less than ten.
You may request a bank statement to track financial goals by monitoring your spending, or a financial institution may ask you to submit one in order to facilitate loan processing by determining your financial profile. Here is how to get your Equity Bank statements in Kenya:
How to get Equity Bank statement using Equitel
1. Go to Equitel sim toolkit
2. Go to ‘My Money
3. Go to ‘Bank Balances’
4. Choose ‘Mini Statement’ or ‘Full Statement via Email
5. Select the account
6. Enter your desired start date of the account statement
7. Confirm by entering your PIN
Mini statements are usually sent via SMS, while full statements are wired to your email.
How to get an Equity Bank statement using the Eazzy app
1. Open the Eazzy app on your phone
2. Login using your credentials
3. Go to ‘My Account
4. Click on ‘Statements’
5. Choose the duration of your statement
6. Confirm the process
You will get your full statement in your mailbox.
How to get an Equity Bank statement using USSD *247#
1. Dial *247# on your mobile phone
2. Click on option 1 – ‘Balance’
3. You will be redirected to a menu with ‘Mini Statement’ and ‘Full Statement’ options
4. Choose your desired statement type
5. Select an account which you want its statements
6. Enter your PIN to validate the operation
Full statements are sent by email, while mini statements are conveyed via SMS inbox.
How to get Equity Bank statement using internet banking – EazzyNet
1. Open website – online.equitybankgroup.com
2. Go to the ‘Accounts Section
3. Click on ‘Full Statement,’ which will be posted to your email
You will receive your bank statements instantly. How to Withdraw Money from Equity Bank to Mpesa
