You can easily transfer money from your MPESA account into a Stanbic bank account using a Pay Bill number on your mobile phone. The process does not require a smartphone or any sort of special requirements; you just need an active MPESA account with enough balance and a simple mobile phone to complete the transaction.
Whether you require to make a cash deposit to your own account, or send to someone else, all you need is a phone with an active Safaricom line that’s activated for MPESA services and the account number of the beneficiary.
As a result of the current pandemic which has limited several services, most Kenyans are now turning to cashless transactions especially via their mobile phones. Unlike before where you would have been required to visit an agent, bank offices or need internet to do online banking, you can simply make use of available mobile money transfer technologies to deposit or withdraw cash from your accounts.
How to deposit cash into your Stanbic bank account via MPESA
- On your MPESA menu, select “Lipa na Mpesa”
- Then choose Pay Bill
- Enter Stanbic bank’s MPESA business number: 600100
- Enter the benefiting account number and press OK
- Put your MPESA pin and confirm the transaction.