I needed to transfer money from M-Pesa to my Equity Bank account, but I wasn’t sure about the correct Paybill or steps to follow. If you get any detail wrong, the money may delay or fail.
If you’re trying to deposit money into your bank account, here’s a simple guide to help you do it correctly.
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 on Lipa na M-Pesa.
Step 3: Select Paybill
Choose 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 deposit.
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 Message
You will get an SMS from M-Pesa and Equity Bank confirming the transaction.
Extra Tips and Best Practices
- Always double-check your account number
- Confirm Paybill number (247247) before sending
- Keep your transaction message as proof
- Send a small test amount first if unsure
- Ensure your phone has network coverage
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?
Only if sent to wrong details and you contact Safaricom quickly.
Conclusion
Sending money from M-Pesa to Equity Bank account is quick and convenient. Just follow the steps carefully and confirm your details before completing the transaction.
