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How to Transfer Money From M-Pesa to KCB Account in 60 Seconds

In the previous posts, we talked about how to transfer money from an equity bank to Mpesa as well as Mpesa to an equity bank using Equitel.

Today, if you are interested in knowing how to transfer money from M-Pesa to a KCB account, you are in the right place.

Sometimes we need available options to pick from and those who do not have an account with an equity bank but a KCB account can also fund their account right from their M-Pesa account.

KCB is among the most preferred providers of financial solutions in Africa. The company has a global audience with a wider reach and strives to drive efficiency while growing its market share.

Let’s start with a brief overview of KCB mobile banking to get an idea about how to send money from M-Pesa to KCB.

KCB Mobile Banking Overview

There is an account called the M-Benki account, which any individual who wants to access a host of mobile banking services from the bank can open, register and connect to numerous services straight out of the box in Kenya and in other nations where they have a reach.

The KCB mobile banking through the M-Benki account provides enablement where customers can control funds and create financial plans that work for them.

The M-Benki platform enables the banks in Kenya, especially commercial banks to earn interest, give loans on flexible terms and transfer funds to other banks and mobile wallets.

M-Benki Features

When you hear M-Benki, think of convenience.

  • The mobile banking platform allows customers to check their bank balances and bank statements, and buy credit right from their devices;
  • M-Benki allows you to transfer money to other KCB banks;
  • Transfer funds to other banks easily and effortlessly;
  • You can easily deposit money into and withdraw from an M-Pesa account;
  •  Purchase airtime credit irrespective of the network.

How to Open a KCB- M-Benki account in 60 Seconds

  1. First, go to the M-Pesa menu on your phone toolkit, if you are not a customer of KCB bank 
  2. Choose payment services, then “pay bill”. Input KCB Paybill number 522522 in when prompted with a business number.
  3. Select the account, then enter “ID” accompanied by your ID number in the format ID23456789. 
  4. You will be asked for an initial deposit or the amount you want to deposit.
  5. Once this is successful, input your M-Pesa PIN to authorize the transaction so that it can go to completion.

Note: You will receive two short messages; the first one will come with your user ID and your personal identification number. And the second message will follow afterwards with your M-Benki account number.

Another point to note is that if you are an existing client you can register for M-banking at the nearest KCB bank.

How to Open a KCB M-Benki account from M-Pesa

  1. Go to the M-PESA menu
  2. Choose Lipa na M-PESA
  3. Select Paybill and enter Paybill number 522522
  4. Under Account, type ID plus your National ID Number with no space in between. E.g., ID123456789.
  5. Enter the amount to deposit and your M-Pesa PIN.

Note: You will receive two SMS; the first one will be your M-Benki account number. And the second message will follow afterwards with your transaction PIN.

Now that you have your M-Benki account set up, let’s go on to the steps to transfer money from the M-Pesa account to the KCB account…

How to transfer funds from M-Pesa to a KCB account

Sending money to a KCB account from M-Pesa is very simple. Here are the steps to take:

  1. Go to your M-Pesa menu,
  2. Choose Lipa na M-Pesa,
  3. Enter the PayBill number 522522,
  4. Enter the KCB account number you are transferring money to and the amount
  5. To send money, enter your M-Pesa PIN and confirm.

How to withdraw money from KCB to an M-Pesa account

Withdrawing money from a KCB account to an M-Pesa account is as easy as sending money from M-Pesa to a KCB account. Here are the steps to follow:

  • Step #1: dial *522# in your phone and enter your M-Benki secret PIN
  • Step #2: Select MyKash from the pop-up menu, and then M-Pesa.
  • Step #3: Enter any amount you wish to transfer, provided it does not exceed fifty Kenyan shillings or KSh.
  • Step #4: Accept and complete the transaction if all is well.
  • Step #5: Get an SMS alert of the said amount deposited into your account.

Note: M-Pesa grants multiple choices to send money, and you can do that either to your phone or any other.

Sending money from M-Pesa to KCB charges

Every deposit transaction done via Mpesa to KCB is free of charge.

However, sending money through Safaricom M-Pesa may incur some fees. Here are the KCB charges you need to know:

  1. Dialling on to KCB Mobi Bank via USSD is charged by your mobile phone subscriber. Safaricom subscribers pay Kshs. 2.
  2. Balance enquiry is charged at Kshs. 33
  3. The mini statement is charged at Kshs. 33
  4. Forex rates are free.
  5. Airtime purchase for own phone and other phone is free
  6. M-Pesa transfer from the KCB account to M-PESA is Kshs. 55
  7. Mobi Loan and Kopa Bill Loan are charged an interest of 6%
  8. Salary Advance is charged an interest rate of 8% per month.

How do I purchase airtime on KCB mobile app?

  1. Open the KCB App icon
  2. Select Transact
  3. Choose Airtime
  4. You can purchase for own phone or pick a recipient from the contact list

KCB M-Pesa contacts

You can reach out to M-Benki client mind centres for more details using any of these mediums: 

  • Short Message: 22522 
  • Contact No.: 0732 187000 or 0711 087000 
  • Facebook Account: KCB Bank Group and 
  • Twitter Handle: @KCBgroup

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Oladoyin Falana

Oladoyin Falana, a graduate of OAU, is an SEO Specialist, and IT business developer. He is the owner and content editor of ngjobalerts.com, a platform that focuses on providing information on career, recruitment updates, exams, and admission updates, including general (How-to) information.
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