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 Equitel website for updated charges.

Equity Bank Agent Cash Withdrawal Charges

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

M-Pesa to Equitel Transfer Charges

You can transfer money directly from your M-Pesa account into an Equity bank account 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

Equitel to M-Pesa and Airtel Money Transaction Rates

These charges relate to sending money from Equitel money to M-Pesa or Airtel money.

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	0
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

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

Equitel call rates across all networks is Ksh. 4 while SMS rate is 1 shilling.

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

You will receive a message from Mpesa and Equity Bank confirming a successful transaction.

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