Equity Bank has almost a branch in every town in Kenya. Among the products Equity Bank offers is the transfer of funds through its Equitel mobile network. Equitel allows you to deposit money into Equity Bank, withdraw money at any Equity Agent and send money to MPesa and Airtel mobile money networks in Kenya.
The Equitel SIM Card is linked to your equity bank account hence you can send money directly to another Equitel line user, M-Pesa and Airtel Money at affordable rates.
This article outlines the current Equitel charges for withdrawing money at Equitel agents and cash transfer rates to other networks in Kenya.
Equitel Cash Withdrawal Charges from Agents
| Minimum Amount (Ksh) | Maximum Amount (Ksh) | Rates (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 |
Equitel to M-Pesa and Airtel Money Transaction Rates
These charges relate to sending money from Equitel to M-Pesa and Airtel Money wallets.
| Transfer Amount (Ksh ) | Rates (Ksh.) | ||
|---|---|---|---|
| Min | Max | To M-Pesa | To Airtel Money |
| 1 | 100 | 0 | 0 |
| 101 | 500 | 10 | 11 |
| 501 | 1,000 | 12 | 13 |
| 1,001 | 1,500 | 14 | 20 |
| 1,501 | 2,500 | 23 | 25 |
| 2,501 | 3,500 | 33 | 35 |
| 3,501 | 5,000 | 43 | 45 |
| 5,001 | 7,500 | 55 | 55 |
| 7,501 | 20,000 | 65 | 65 |
| 20,001 | 150,000 | 67 | 65 |
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 Equitel Charges
- Equitel call rate across all networks is Ksh. 4.75
- The SMS rate is 1.2 shillings.
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 Bank account do this:
- Go to Mpesa Menu and select Lipa na Mpesa
- Select Pay Bill
- Enter Equity bank business number: 247247
- Enter the Equity bank account number you wish to transfer to
- Enter the amount
- 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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