How to Deposit Money to Equity Bank using M-PESA Paybill Number 247247

Equity Bank is one of the most popular banks in Kenya, offering a wide range of financial services. For the convenience of its customers, Equity Bank has integrated with M-PESA, allowing users to deposit money directly into their bank accounts using the Paybill number 247247. This guide will walk you through the steps to deposit money to your Equity Bank account using M-PESA.

Requirements

• An active M-PESA account with sufficient funds.
• Equity Bank account number.
• Your M-PESA PIN.

Steps to Deposit Money using M-PESA

Using SIM Toolkit

1. Access M-PESA Menu:
   • Open your phone’s SIM Toolkit.
   • Select the M-PESA menu.
2. Choose Lipa na M-PESA:
   • Scroll down and select the “Lipa na M-PESA” option.
3. Select Paybill:
   • Tap on the “Paybill” option.
4. Enter Business Number:
   • Key in the Equity Bank Paybill Number 247247 and press OK.
5. Enter Account Number:
   • Enter your Equity Bank account number and press OK.
6. Enter Amount:
   • Input the amount you wish to deposit into your Equity Bank account and press OK.
7. Enter M-PESA PIN:
   • Key in your M-PESA PIN and press OK to confirm the transaction.
8. Confirm Transaction:
   • Review the transaction details and press OK to complete the process.
9. Receive Confirmation:
   • You will receive two SMS confirmations: one from M-PESA and another from Equity Bank confirming the transaction.

Using M-PESA App

1. Open M-PESA App:
   • Launch the M-PESA app on your smartphone.
2. Login:
   • Enter your M-PESA PIN or use your fingerprint to log in.
3. Select Pay:
   • Tap on the “Pay” option from the main menu.
4. Choose Paybill:
   • Tap on the “Paybill” option.
5. Enter Paybill Number:
   • Type in the Equity Bank Paybill Number 247247 and press OK.
6. Enter Account Number:
   • Input your Equity Bank account number.
7. Enter Amount:
   • Specify the amount you wish to deposit and press OK.
8. Enter M-PESA PIN:
   • Enter your M-PESA PIN to authorize the transaction and press OK.
9. Receive Confirmation:
   • Wait for confirmation messages from both M-PESA and Equity Bank.

Benefits of Using Equity Bank Paybill Number 247247

• Convenience: Deposit money to your bank account from anywhere without visiting a branch.
• 24/7 Availability: The service is available 24/7, allowing you to transact at any time.
• Instant Confirmation: Immediate confirmation messages ensure that your transaction is successful.
• Cost-Effective: Saves on travel time and expenses associated with visiting a bank branch.

Conclusion

Using the Equity Bank Paybill number 247247 provides a convenient and efficient way to deposit money into your bank account via M-PESA. Whether using the SIM Toolkit or the M-PESA app, the process is straightforward and user-friendly. Follow the steps outlined above to make your deposits seamlessly and enjoy the benefits of mobile banking.