I needed to transfer money from M-Pesa to my Equity Bank account, but I wasn’t sure about the correct Paybill or the exact steps. If you enter the wrong details, your money could delay or go to the wrong account.
If you want to deposit money safely, here’s a simple step-by-step guide.
Quick Answer
To send money from M-Pesa to Equity Bank, go to Lipa na M-Pesa → Paybill, enter 247247, input your account number, amount, and confirm with your PIN.
What You Need Before Sending Money
Before you start, ensure you have:
- Equity Bank Paybill number: 247247
- Your Equity account number
- Enough M-Pesa balance
- Your M-Pesa PIN
Step-by-Step: How to Send Money from M-Pesa to Equity Account
Step 1: Open M-Pesa Menu
Go to your phone and open the M-Pesa menu.
Step 2: Select Lipa na M-Pesa
Tap Lipa na M-Pesa.
Step 3: Select Paybill
Choose the Paybill option.
Step 4: Enter Business Number
Input 247247 as the Business Number.
Step 5: Enter Account Number
Enter your Equity Bank account number.
Step 6: Enter Amount
Input the amount you want to send.
Step 7: Enter M-Pesa PIN
Key in your M-Pesa PIN.
Step 8: Confirm Transaction
Review details and press OK.
Step 9: Receive Confirmation SMS
You will receive confirmation messages from M-Pesa and Equity Bank.
Extra Tips and Best Practices
- Always double-check your account number
- Confirm Paybill 247247 before sending
- Keep your transaction confirmation SMS
- Send a small amount first if unsure
- Ensure strong network connection
Common Mistakes to Avoid
- Entering wrong account number
- Using incorrect Paybill
- Sending to wrong bank
- Ignoring confirmation message
- Entering wrong PIN multiple times
FAQ
What is Equity Bank M-Pesa Paybill number?
The Paybill number is 247247.
How long does the transfer take?
Usually instant or within a few minutes.
Can I reverse the transaction?
Yes, but only if you act quickly and contact Safaricom.
Conclusion
Sending money from M-Pesa to Equity Bank account is fast and convenient. Just follow the steps carefully and confirm your details before completing the transaction.
