SBM Bank Kenya is a subsidiary of SBM Holdings Ltd, a Mauritian bank that acquired the collapsed Chase Bank Kenya. With the infusion of new capital and expertise, SBM Bank revitalized the Kenyan institution and rebranded it as SBM Bank.
One of the key features that SBM Bank offers its customers is the convenience of making deposits and withdrawals through their paybill number, 552800, utilizing the Safaricom paybill services.
In this article, we will explore how to deposit money to SBM Bank using the paybill number, how to withdraw money from SBM Bank to M-Pesa, and also delve into the features of the SBM Bank Mfukoni App.
Contents
How to Deposit Money to SBM Bank Using Paybill Number
To make a deposit to your SBM Bank account using the paybill number 552800, follow these simple steps:
- Open your M-Pesa Menu in Sim tool kit or Safaricom App.
- Select “Lipa na M-Pesa” from the menu options.
- Choose the “Paybill” option.
- Enter SBM Bank paybill number 552800 as the business number.
- Enter your SBM Bank account number where you want to make the deposit for Account Number.
- Enter the amount of money you wish to deposit to your SBM Bank account.
- Enter your M-Pesa PIN to confirm the transaction.
- You will receive a notification message from both M-Pesa and SBM Bank confirming the transaction.
By following these steps, customers can conveniently deposit money into their SBM Bank accounts using the paybill number, saving time and effort.
How to Withdraw Money from SBM Bank to M-Pesa
After registering for mobile banking, SBM Bank customers can access their accounts by dialing the SBM Bank USSD code *275#. To withdraw funds from their SBM Bank account to M-Pesa, customers can follow these steps:
- Dial the SBM Bank USSD code *275# on your mobile phone.
- Enter your password to access the menu.
- Select the “Withdraw Funds” option from the menu.
- Choose whether to send money to your own number or another number.
- Enter the recipient’s mobile number.
- Enter the amount you want to send and then enter your PIN.
- Click “Send” to initiate the transaction.
- You will receive confirmation messages from both M-Pesa and SBM Bank, confirming the transaction.
Through this process, SBM Bank customers can easily transfer funds from their bank account to their M-Pesa wallet, providing them with flexibility and convenience.
SBM Bank Mfukoni App: Empowering Customers on the Go
The SBM Bank Mfukoni App is a mobile application developed by SBM Bank to enable customers to access banking services wherever they are. The app offers a range of features designed to enhance convenience and efficiency for SBM Bank customers. Let’s explore some of the key features of the app:
The Mfukoni app provides users with a user-friendly interface, ensuring easier navigation and a seamless banking experience. The layout is designed to simplify account management and transaction history.
The app automatically displays the last five transactions for the selected account, allowing users to quickly review their recent activities.
Shortcut menus are available for commonly used services, such as MPESA, Paybill, and buying airtime. Users can easily navigate by scrolling right/left and up/down, ensuring effortless access to desired features.
Personalization Options
The Mfukoni app allows users to personalize their banking experience. Users can add their photo to the app, giving it a personal touch.
They can choose from three available themes to customize the app’s appearance. Furthermore, users can recommend the application to friends, promoting the adoption of digital banking and expanding the SBM Bank customer base.
Convenient Banking Services
With the Mfukoni app, customers can enjoy a range of convenient banking services. Some of the key functionalities include:
- Manage Your Bank Account: Users can easily view their account balances and transaction history, providing them with up-to-date information on their financial activities.
- Pay Bills: The app enables users to conveniently pay bills for various services, including DSTV, GoTV, Kenya Power, Zuku, JTL, and KRA Tax Payment. This feature eliminates the need to visit physical locations or use alternative payment channels, streamlining the bill payment process.
- Money Transfer Services: Customers can transfer money between SBM Bank accounts and other bank accounts, ensuring seamless and efficient fund transfers.
- Cheque Deposit: The Mfukoni app allows users to deposit SBM Bank cheques electronically, reducing the need for physical visits to branches and minimizing paperwork.
- Mobile Banking: Users can send and deposit money to and from M-Pesa, facilitating quick and secure transactions between the bank and mobile money platforms.
- Airtime Purchase: The app provides the ability to purchase airtime from major mobile network operators, including Safaricom, Airtel, and Orange, ensuring connectivity at users’ fingertips.
- Locate SBM: The app helps users find the nearest SBM Bank branches and ATMs, providing convenience for customers who prefer in-person banking services.
Through these comprehensive features, the SBM Bank Mfukoni App empowers customers with easy access to banking services and simplifies their financial management.
Conclusion
SBM Bank Kenya has embraced technology to provide its customers with convenient and accessible banking services. The SBM Bank paybill number 552800 enables customers to make direct deposits from M-Pesa, streamlining the deposit process.
The bank offers a user-friendly mobile app, Mfukoni, which allows customers to manage their accounts, pay bills, transfer funds, and perform various other banking transactions.
These digital solutions enhance efficiency, saving customers time and effort while ensuring secure and seamless financial interactions.
As SBM Bank continues to innovate and invest in digital banking, it aims to provide an exceptional banking experience for its customers across Kenya.