I recently needed to send money from M-Pesa to Consolidated Bank, but I wasn’t sure which Paybill number to use or the correct steps to follow.
If you’re trying to deposit money into your Consolidated Bank account via M-Pesa, here’s a simple and clear guide to help you do it quickly.
Quick Answer
To transfer money from M-Pesa to Consolidated Bank, go to Lipa na M-Pesa → Paybill, enter 508400, add your account number, amount, and confirm with your PIN.
What You Need Before Sending Money
Before starting, make sure you have:
- Consolidated Bank account number
- Sufficient M-Pesa balance
- Correct Paybill number (508400)
Step-by-Step: How to Transfer Money from M-Pesa to Consolidated Bank
Step 1: Open M-Pesa Menu
Go to your phone and open the M-Pesa menu.
Step 2: Select Lipa na M-Pesa
Choose Lipa na M-Pesa option.
Step 3: Select Paybill
Tap on Paybill.
Step 4: Enter Business Number
Enter 508400 as the Business Number.
Step 5: Enter Account Number
Input your Consolidated Bank account number.
Step 6: Enter Amount
Enter the amount you want to transfer.
Step 7: Enter M-Pesa PIN
Input your M-Pesa PIN to authorize the transaction.
Step 8: Confirm Transaction
Review details and confirm.
Step 9: Receive Confirmation SMS
You will receive an SMS confirmation once successful.
Features of Consolidated Bank Mobile Banking
With Consolidated Bank mobile services, you can:
- Check account balance
- View mini statements
- Transfer funds
- Buy airtime
- Pay bills (KPLC, DSTV, water, etc.)
- Send money via Pesalink
Extra Tips and Best Practices
- Always double-check your account number
- Confirm the Paybill number (508400) before sending
- Keep your transaction confirmation message
- Ensure you have enough M-Pesa balance
- Use mobile banking (*262#) for additional services
Common Mistakes to Avoid
- Entering the wrong account number
- Using incorrect Paybill number
- Sending wrong amount
- Ignoring confirmation message
- Cancelling before final confirmation
FAQ
What is the Paybill number for Consolidated Bank?
The Paybill number is 508400.
How long does the transfer take?
Usually instant or a few minutes.
Can I transfer money anytime?
Yes, M-Pesa transactions are available 24/7.
Conclusion
Transferring money from M-Pesa to Consolidated Bank is quick and easy using Paybill. Just follow the steps carefully, confirm details, and your money will be deposited instantly.
