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Mpesa deposit direct to a bank
Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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@Investors, do you know any bank in Kenya where I can be depositing some amounts of cash through Mpesa services? I dont care whether the bank only has two branches in the city or what, I just want to save that little amount I get on my Mpesa. Plus it would be interesting if the bank has an online account interrogation services. Thanks. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 10/4/2010 Posts: 223 Location: Afghanistan
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Coop Bank. Deposit from mpesa to bank. Also from bank to mpesa. The rich have money working for them; the poor and the middle class are going to work for money.
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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Rank: Member Joined: 8/16/2010 Posts: 149 Location: hapa Kenya
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try coop, kcb, equity, family(pesa pap), am sure others can since faulu are in it also
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Rank: Elder Joined: 11/5/2010 Posts: 2,459
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Co-op bank and Family have the most versatile products. You can even deposit cash from your m-pesa to another person's account. I send cash to my supplier's account directly at co-op. M-kesho is a bit restrictive. You can only deposit cash to your m-kesho account. You can't even deposit to your regular Equity account.
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Rank: Member Joined: 12/11/2006 Posts: 884
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FRM2011 wrote:M-kesho is a bit restrictive. You can only deposit cash to your m-kesho account. You can't even deposit to your regular Equity account. This is where i feel equity needs to style up. Mkesho is not suitable for everybody. It should be for those who have no accounts, otherwise equity should link customers account to mpesa without necessarily forcing them to open mkeshos.I hope JM reads this “Invest in yourself. Your career is the engine of your wealth.”
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Rank: Member Joined: 7/5/2008 Posts: 390
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and KCB bankika, u can deposit from your MPESA to an account there
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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I&M allows M-Pesa to 'deposit' on a pre-paid card as well Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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What are the cost of making the deposit and withdrawal through MPesa in the different banks
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Rank: Member Joined: 11/21/2006 Posts: 608 Location: Ruiru
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mwekez@ji wrote:What are the cost of making the deposit and withdrawal through MPesa in the different banks Coop charges are not high ... something like 50/=. There is a limit of 15k for withdrawals. "..I am because we are. "― Ubuntu, Umtu,
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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@Matunda Nyuki, please explain more about Bankika like operating costs,interest rate,withdrawals etc. @VVS what is this I&M prepaid thingy? Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 7/20/2006 Posts: 277
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amga wrote:try coop, kcb, equity, family(pesa pap), am sure others can since faulu are in it also How do you do it on KCB? i am aware a/c to MPESA but not the other way round..... this would be wonderful.
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Rank: Veteran Joined: 5/18/2008 Posts: 796
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Impunity wrote:@Matunda Nyuki, please explain more about Bankika like operating costs,interest rate,withdrawals etc.
@VVS what is this I&M prepaid thingy? Basically the "deposit" comprises of you topping up your prepaid card. more details here http://safaricom.co.ke/index.php?id=1229
Its a bit expensive.. but then again if you do alot of online shopping, would be useful
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Rank: New-farer Joined: 4/13/2011 Posts: 15
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mozenrat wrote:Impunity wrote:@Matunda Nyuki, please explain more about Bankika like operating costs,interest rate,withdrawals etc.
@VVS what is this I&M prepaid thingy? Basically the "deposit" comprises of you topping up your prepaid card. more details here http://safaricom.co.ke/index.php?id=1229
Its a bit expensive.. but then again if you do alot of online shopping, would be useful To deposit from Mpesa to any KCB a/c you go to Mpesa then pay bill option. KCB business No. is 522522. KCB will not charge but normal Mpesa charges apply.
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Rank: Veteran Joined: 11/2/2006 Posts: 1,206 Location: Nairobi
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Coop debits your A/C with 25sh for Mpesa-A/C deposits and vice versa.Mpesa also takes their 25sh making total cost 50sh. The I&M pre-paid visa card is excellent in that you can top it up from mpesa and have a free internet banking interface to check out transactions on it.My only problem with them is that their dollar conversion ratios are so high!Charge me 93.5sh while the mean rate is about 87sh!Terrible! Formally employed people often live their employers' dream & forget about their own.
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Rank: Member Joined: 11/13/2006 Posts: 94
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After reading thru the Safcon link, I'm definitely getting the I & M card. I've been using *325# for Family Bank Pesa PAP. It's instant and credits or debits my current account but has no Visa facility yet.
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Rank: Veteran Joined: 11/2/2006 Posts: 1,206 Location: Nairobi
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Nyari....this one is Visa branded.When you join please write to I&M to negotiate with Visa for lower conversion rates.It's too damn high! Formally employed people often live their employers' dream & forget about their own.
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Rank: Member Joined: 12/2/2009 Posts: 286 Location: Nairobi
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You can deposit to any equity account via mpesa, so long as the account is signed for mobile banking. And this l think doesnt have to via mkesho. I deposit money to our investment account yet l am not mkesho registered. Paybill number is 247247, charged at 25/- by mpesa. The laudable is more often than not rendered laughable by overclaim
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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PrettyOne wrote:mozenrat wrote:Impunity wrote:@Matunda Nyuki, please explain more about Bankika like operating costs,interest rate,withdrawals etc.
@VVS what is this I&M prepaid thingy? Basically the "deposit" comprises of you topping up your prepaid card. more details here http://safaricom.co.ke/index.php?id=1229
Its a bit expensive.. but then again if you do alot of online shopping, would be useful To deposit from Mpesa to any KCB a/c you go to Mpesa then pay bill option. KCB business No. is 522522. KCB will not charge but normal Mpesa charges apply. Didn't know about this. I presume the reference is your account number or do KCB credit the account under which that phone is registered? If the former, then any of my debtors can deposit directly to my KCB account from mpesa???
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Rank: New-farer Joined: 4/13/2011 Posts: 15
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Gordon Gekko wrote:PrettyOne wrote:mozenrat wrote:Impunity wrote:@Matunda Nyuki, please explain more about Bankika like operating costs,interest rate,withdrawals etc.
@VVS what is this I&M prepaid thingy? Basically the "deposit" comprises of you topping up your prepaid card. more details here http://safaricom.co.ke/index.php?id=1229
Its a bit expensive.. but then again if you do alot of online shopping, would be useful To deposit from Mpesa to any KCB a/c you go to Mpesa then pay bill option. KCB business No. is 522522. KCB will not charge but normal Mpesa charges apply. Didn't know about this. I presume the reference is your account number or do KCB credit the account under which that phone is registered? If the former, then any of my debtors can deposit directly to my KCB account from mpesa??? After inputting the business No. you are prompted to enter the A/C No.( Any KCB A/C)
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Mpesa deposit direct to a bank
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