How to Open and Operate an M – Benki Account with KCB

Kenya Commercial Bank has taken a step further to bring their banking services to your doorstep with their new mobile banking service dubbed M – Benki.

This new service, launched on Tuesday, will enable you to open a bank account from your mobile phone. You just have to be at least 18 years and an active Safaricom subscriber.

To subscribe to this service, enter 522522 as the Paybill Number under Payment Services on Mpesa, then enter your ID number as the Account Number. You then deposit any amount followed by your Mpesa PIN. You will then receive your M – Benki Account Number together with a Mobi Pin via SMS from KCB, once your details are verified, and you are good to go.

You will now be able to access other services already enjoyed by others who have been using the Mobi Banking Service. These services include: transferring money from your Mobi account to Mpesa and vice versa, sending money to any other KCB account or that of any other bank, checking your account balance and even purchasing airtime directly from your Mobi Account. This you will do by dialing *522# and following the prompts depending on what you want to do.

Charges vary from Ksh. 20 to Ksh. 175 from transfer of funds ranging between Ksh.100 and Ksh. 50,000 from the Mobi account to Mpesa Account.

The beauty of this service is that you never have to physically visit a bank to subscribe to and enjoy it, you will however have to in case you would like additional services such as cheque deposits and over the counter withdrawal, and to exceed the daily transaction amount of Ksh. 140,000.

M – Benki is particularly beneficial to people who are always on the go and those who cannot easily access a KCB branch. It is the latest initiative by the bank to attract more of the unbanked population and is expected to also benefit people with small businesses, and reduce usual time spent on opening accounts and using other banking services.

Article source: https://www.zakenya.com/Finance/134-How-to-Open-and-Operate-an-M-Benki-Account-with-KCB.html

How do i run a PayPal withdrawal service through Equity Bank Ltd Kenya?

Visit the Equity Bank PayPal withdrawal service link https://epal.equitybankgroup.com/paypal/pages/.

On the PayPal withdrawal Service Landing page select “Withdraw from PayPal‘ menu option.  On the customer type selection page you will need to choose either “Individual” or “Business”  Enter your Equity Bank account number and select the “Submit” button. Please ensure that the nominated account is registered in the individual or personal capacity performing the transaction and that you are authorised to transact on the account. A One Time Pin (OTP) will be sent to the email address as per the Equity Bank contact details for the nominated account. Complete the information on the Personal Details / Business Details page. The Withdraw amount must be in USD.  View the quote and accept the terms and conditions.  Review the information displayed on the confirmation screen and click on the “confirm” button
to proceed with transaction. You will be redirected to PayPal’s website, where you need to login to the specified PayPal account and confirm the transaction.  Once the transaction has been confirmed, you will be redirected back to the Equity Bank PayPal withdraw services page. On the results page you will see the transaction status and the transaction reference number. Click on the ‘Finish’ button to complete the process.
Your Equity bank account will be credited with the nett amount due to you after all
fees have been deducted within 8 business days.