How to Deposit Money Into a Bank Account Using M-Pesa

M-PESA deposits to banks reduce the risks associated with handling cash. The money you deposit with M-PESA can be used for payments.

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Simple money transfers between Safaricom’s M-PESA and your bank are now possible. Register for M-PESA at any agent shop and for mobile banking with your bank in order to use the service. Enjoy the ease of quick transfers at any time from your account. 

Making M-PESA to bank deposits decreases the danger involved with handling cash. Utilize the money you deposit with M-PESA to easily make payments.

PayBill provides access to this service. On your phone, simply access the M-PESA menu. Go to the PayBill option in Lipa Na M-PESA. Type the bank’s business number which you can get by asking your bank.

Your bank account number should be entered too. Then, input your M-PESA pin to complete your transaction. You will receive a confirmation SMS on your phone when your M-PESA to bank deposits are successful.

M-PESA Paybill numbers for Major banks in Kenya

M-PESA from Safaricom has built a name for itself and become essential to Kenyans’ daily life. It is accessible in the most isolated areas. When compared to traditional financial organisations like banks, M-PESA’s operations and processes are significantly less difficult. 

The majority of banks in Kenya offer some form of mobile banking that is compatible with M-PESA and enables their clients to transfer money between their bank accounts and their M-PESA accounts. 

You can store, send, and receive money on your phone using the electronic mobile money service M-PESA in Kenya. You can transfer money and make purchases with an M-PESA account.

Additionally, you can use your phone to transfer money to others or withdraw cash by going to an M-PESA agent. This makes handling money and making payments quick, safe, and easy.