Equity Bank agency and Mpesa charges

Equity Bank Agency and Equitel Money Transfer Rates

Equity bank has found foot almost in every town around the county. You can also deposit and withdraw funds in your Equity bank account at any Equity Agent near you. The Equitel Sim Card is linked to your equity bank account hence you can send money directly to another equitel line user or Mpesa at very low rates.

This article outlines the current Equity charges for sending and withdrawing money at equitel agents, sending to other bank accounts, depositing to an equity bank account, and cash withdrawal charges and rates across all networks in Kenya.

These rates may change from time to time so you can always visit the Equity Bank website for updated charges.

Equity Bank Agent Withdrawal Charges

Here are the Equity bank agency debit card withdrawal rates. All figures are in Kshs;

Minimum Amount Maximum Amount Withdrawal Rate
100 2,500 25
2,501 5,000 45
5,001 10,000 75
10,001 20,000 145
20,001 35,000 195
50,000 100,000 225

Equitel Cash Withdrawal Charges

Here are charges for cash withdrawals from Equitel agents in Kenya:

Minimum Amount (Ksh) Maximum Amount (Ksh) Charge (Ksh)
100 2,500 27.50
2,501 5,000 49.50
5,001 10,000 82.50
10,001 20,000 159.50
20,001 35,000 187.00
35,001 50,000 214.50
50,001 100,000 242.00
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Equitel to Mpesa/Airtel Money Transfer Charges

Equity customers can transfer money directly from their Equity bank accounts into Mpesa accounts at varied rates depending on the amount of money being transacted.

Minimum Amount (Ksh) Maximum Amount (Ksh) Charges (Ksh)
1 100 Free
101 500 11
501 1,000 15
1,001 1,500 26
1,501 2,500 41
2,501 3,500 56
3,501 5,000 61
5,001 7,500 77
7,501 10,000 87
10,001 15,000 97
15,001 20,000 102
20,001 70,000 105

Mpesa to Equitel Money Transaction Rates

These charges relate to sending money from Mpesa to an Equitel line;

Minimum Amount (Ksh) Maximum Amount (Ksh) Charges (Ksh)
100 34.10
101 500 38.50
501 1 1,000 44.00
1,001 1,500 49.50
1,501 2,500 60.50
2,501 35,000 60.50

Equity Bank Pesa Link Charges

Here are the Pesa Link charges for sending money from Equity to other bank accounts:

Minimum Amount (Ksh) Maximum Amount (Ksh Charge (Ksh)
10 500
501 10000 37
10001 50000 62
50001 100,000 87
100,001 200,000 112
200,001 500,000 137
500,001 999,999 162

How to Send Money from Mpesa to Equity Bank Account

Mpesa will charge you a given rate depending on the amount you wish to deposit to an equity account. To send money to Equity account do this;

  • Go to Mpesa Menu and select Lipa na Mpesa
  • Select Pay Bill
  • Enter Equity bank business number: 247247
  • Enter Equity bank account number you wish to transfer to
  • Enter the amount you wish to deposit
  • Enter your Mpesa PIN and press OK
  • Confirm the details are correct and finalize the transaction
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You will receive a message from Mpesa and Equity Bank confirming a successful transaction.

Other Equity Bank Services Charges

  • New ATM Card/replacement and renewal charge is Ksh 660
  • Activation of dormant Equity Bank account: Ksh 220
  • Mini Statement request by Email: Ksh 5

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