Consolidated Bank is a prominent financial institution in Kenya, with a substantial government ownership. Established in the early 1990s, the bank was formed by consolidating several smaller banks that had encountered financial challenges.
Offering a wide range of banking services to its customers, Consolidated Bank has introduced the Paybill number 508400, enabling clients to conveniently make deposits to their bank accounts directly from their mobile phones.
In this article, we will explore the process of depositing money into a Consolidated Bank account using the M-Pesa Paybill number and also delve into the additional mobile banking services provided by the bank.
Contents
How To Deposit Money To Consolidated Bank Account Using M-Pesa Paybill Number
To deposit money into your Consolidated Bank account using the M-Pesa Paybill number 508400, follow these simple steps:
- Go to your phone’s M-Pesa menu.
- Select “Lipa na M-Pesa.”
- Choose “Pay Bill.”
- Enter Consolidated Bank’s PayBill number, which is 508400, and press okay.
- Enter the account number of the bank account you intend to deposit the money into and press okay.
- Specify the amount you wish to deposit.
- Enter your M-PESA PIN to authorize the transaction.
- Verify the information you have entered and press okay.
- Upon successful completion of the transaction, you will receive a notification confirming the deposit.
By following these straightforward steps, customers can conveniently deposit money into their Consolidated Bank accounts using the M-Pesa Paybill number, eliminating the need for physical visits to bank branches.
Consolidated Bank USSD Code *262#
In addition to the M-Pesa Paybill number, Consolidated Bank also provides customers with a USSD code, *262#, which allows them to access various mobile banking services. Upon registering for mobile banking with Consolidated Bank, customers can leverage the USSD code *262# to enjoy the following services:
- Instant registration and activation: Users can swiftly register and activate their mobile banking services without the need for time-consuming branch visits.
- Airtime purchase: Customers can conveniently top up their mobile phone airtime directly through the USSD code.
- Funds transfer: The USSD code enables users to transfer funds between their Consolidated Bank accounts or send money to other bank accounts.
- Balance enquiry: Customers can check their account balance at any time by accessing the USSD code.
- Mini Statement: The USSD code provides users with a concise summary of their recent account transactions.
- Stop ATM Card: In case of a lost or stolen ATM card, customers can use the USSD code to immediately block its usage, ensuring the security of their funds.
- Stop cheque payment: Users can halt the payment on a specific cheque by using the USSD code, offering an added layer of control.
- ATM card request: The USSD code facilitates the request for a new ATM card, saving customers the hassle of visiting a branch.
- Cheque book request: Customers can easily request a new cheque book through the USSD code, ensuring a steady supply of cheques for their banking needs.
- Alerts for all transactions: Users receive real-time alerts for all transactions conducted through their accounts, enhancing transparency and security.
- Change your PIN without visiting the branch: Customers can conveniently change their mobile banking PIN without the need to physically visit a branch.
- PesaLink transactions: Using the USSD code, customers can send and receive funds from other banks via the PesaLink system, offering greater flexibility in money transfers.
- Transfer funds to M-Pesa: The USSD code allows for seamless transfers of funds from Consolidated Bank accounts to M-Pesa wallets, promoting convenient financial management.
- Transfer funds from M-Pesa to Bank Account: Customers can transfer funds from their M-Pesa wallets to their Consolidated Bank accounts using the USSD code.
- Pay utility bills: The USSD code enables customers to conveniently pay their utility bills, including KPLC (Kenya Power) for both postpaid and prepaid services, Nairobi Water, DSTV, GoTV, and Zuku.
With the *262# USSD code, Consolidated Bank customers gain access to a comprehensive suite of mobile banking services, empowering them to perform a range of transactions and financial activities directly from their mobile phones.
Conclusion
Consolidated Bank’s introduction of the Paybill number 508400 and the *262# USSD code has revolutionized mobile banking for its customers in Kenya.
By leveraging these convenient banking channels, clients can effortlessly deposit money into their Consolidated Bank accounts using the M-Pesa Paybill number, eliminating the need for physical visits to the bank.
Additionally, the *262# USSD code offers a plethora of mobile banking services, including funds transfers, balance enquiries, cheque book requests, and bill payments, enhancing convenience and accessibility for customers.
As Consolidated Bank continues to embrace digital innovations, it strengthens its commitment to providing efficient and user-friendly banking solutions to its clientele.