Equity Bank has over 170 branches in Kenya, with 52 available in Nairobi. This tier 1 bank offers a range of products to its customers including several loan products targeting different individuals, groups and businesses. Equity Bank also offers individualized accounts to meet the needs of customers. To transfer funds from these accounts to MPesa or Airtel Money, Equity Bank charges a tariff depending on the amount.
The bank adjusts its mobile money transfer tariffs from time to time depending on the prevailing economic circumstances. This article outlines the current Equity Bank to MPesa and Airtel Money transfer rates.
It is worth noting that the charges for withdrawing money from the bank to MPesa and Airtel Money wallets vary slightly.
Equity Bank to MPesa Transfer Charges
| Transfer Amount (Ksh.) | Bank Charge (Ksh.) | |
|---|---|---|
| Minimum | Maximum | Rate |
| 1 | 100 | 0 |
| 101 | 500 | 10 |
| 501 | 1,000 | 12 |
| 1,001 | 1,500 | 14 |
| 1,501 | 2,500 | 23 |
| 2,501 | 3,500 | 33 |
| 3,501 | 5,000 | 43 |
| 5,001 | 7,500 | 55 |
| 7,501 | 20,000 | 65 |
| 20,000 | 150,000 | 67 |
Equity Bank to Airtel Money Withdrawal Charges
| Transfer Amount (Ksh.) | Bank Charge (Ksh.) | |
|---|---|---|
| Minimum | Maximum | Rate |
| 1 | 100 | 0 |
| 101 | 500 | 11 |
| 501 | 1,000 | 13 |
| 1,001 | 1,500 | 20 |
| 1,501 | 2,500 | 25 |
| 2,501 | 3,500 | 35 |
| 3,501 | 5,000 | 45 |
| 5,001 | 7,500 | 55 |
| 7,501 | 20,000 | 65 |
| 20,000 | 150,000 | 65 |
Equity Bank to Other Banks Pesa Link Charges
Equity charges the following rates when you are transferring money from your Equity Bank account to another bank through Pesa Link:
- KSh. 0 to 1,000: Rate is KSh. 0
- KSh. 1,000 to 100,000: Rate is Ksh. 50
- KSh.100,001 to 999,000: Rate is KSh. 100
- Cross Border (Swift): Rate is KSh. 1, 000
It is also worth mentioning that Equity to Equity account transfer is 0 shillings. For an Equity account to another bank account (RTGS), the rate is KSh. 500
Take note that the above charges are exclusive of Government taxes.
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