In Kenya, Ecobank is a prominent mid-tier bank that forms part of the larger pan-African banking group headquartered in Lomé, Togo.
With a focus on providing convenient and accessible banking services, Ecobank Kenya offers a range of mobile banking options, including the use of its paybill number for seamless transactions.
In this article, we will explore how to deposit and withdraw money using the Ecobank paybill number, particularly in conjunction with the popular M-pesa mobile payment service.
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How to Deposit Money to Ecobank Using M-pesa
To deposit money to your Ecobank account using M-pesa, simply follow these steps:
- Go to your M-pesa toolkit or Safaricom app.
- Choose the “Lipa na M-pesa” option.
- Select “Pay Bill”.
- Enter the Ecobank paybill number 700201 as the business number.
- Provide the Ecobank account number where you wish to deposit the funds in the Account No. field.
- Enter the desired deposit amount.
- Enter your M-pesa PIN to confirm the transaction details.
- Send the transaction and wait for a notification message confirming the success of your deposit.
By following these straightforward steps, you can conveniently deposit funds from your M-pesa account directly to your Ecobank account.
How to Withdraw Money from Ecobank Account to M-pesa
Ecobank offers multiple methods for withdrawing money from your account to M-pesa. Let’s explore the process using the USSD code *335#:
- Dial *335# from your mobile phone.
- Enter your password to access your Ecobank account.
- Select the “Withdraw Money” option.
- Choose the “Mobile Money” option.
- Select “Withdraw to M-pesa”.
- Enter the M-pesa number where you want to send the funds.
- Choose the account from which the money will be withdrawn.
- Enter the desired withdrawal amount.
- Provide your PIN to authorize the transaction.
- Send the transaction, and the funds will be transferred to the specified M-pesa number.
Through the *335# USSD code, Ecobank allows you to conveniently withdraw money from your account to M-pesa, providing you with flexibility and accessibility.
Additional Services Available with Ecobank’s *335# USSD Code
Apart from withdrawing money to M-pesa, Ecobank’s *335# USSD code offers a range of additional services:
- Deposit and withdraw money.
- Send money to friends and family for redemption at Ecobank agents.
- Receive money.
- Purchase airtime.
- Pay bills, goods, and services.
- Check your account balance.
- Enable agents and small businesses to collect payments electronically.
The *335# USSD code serves as a versatile platform for various banking needs, empowering customers with comprehensive financial services.
How to Withdraw Money from Ecobank Account to M-pesa Using Ecobank Mobile App
In addition to the *335# USSD code, Ecobank also provides a mobile app that allows you to withdraw money from your Ecobank account to M-pesa. Here’s how:
- Login to the Ecobank mobile app by entering your password.
- Select the “Send Money” option from the available menu.
- Choose “Send to M-pesa”.
- Enter the M-pesa number where you want to send the funds.
- Select the Ecobank account from which the money will be drawn (if you have multiple accounts).
- Enter the desired amount you wish to send.
- Click “Send” to initiate the transaction.
- An authorization code will be sent to your registered phone number.
- Enter the received authorization code and click “Send” to confirm the transaction.
- Both Ecobank and M-pesa will send you a confirmation message to acknowledge the successful transaction.
By utilizing the Ecobank mobile app, customers can enjoy the convenience of withdrawing money from their Ecobank account directly to their M-pesa account.
Conclusion
Ecobank’s paybill number, 700201, offers an efficient and user-friendly way to transact in Kenya. By leveraging the popularity and accessibility of M-pesa, Ecobank allows customers to deposit and withdraw money seamlessly using their mobile devices.
Whether it’s depositing money from M-pesa to Ecobank or withdrawing funds from Ecobank to M-pesa, customers have multiple channels at their disposal, including the M-pesa toolkit, the Safaricom app, the *335# USSD code, and the Ecobank mobile app.
These options provide flexibility, convenience, and accessibility, making banking transactions simpler and more accessible for Ecobank customers in Kenya.
Ecobank’s commitment to innovation and customer satisfaction is evident through their embrace of technology and the integration of M-pesa, a widely used mobile payment service in Kenya.
With the Ecobank paybill number and the accompanying services, customers can easily manage their finances, transfer funds, pay bills, and conduct various transactions at their convenience.
As Ecobank continues to evolve and adapt to the ever-changing financial landscape, customers can expect even greater convenience and efficiency in their banking experience.