![List of All M-Pesa PayBill Numbers for All Banks in Kenya [2024]](https://www.sledge.co.ke/uploads/images/202310/image_430x256_65412c62d1685.webp)
KCB To M-Pesa Withdrawal Charges 2023; A Comprehesive Guide For M-Pesa And Airtel Money
This comprehensive guide provides an overview of the charges associated with withdrawing money from KCB to M-Pesa in 2023, as well as the various mobile banking services offered by KCB and how to activate them. Learn more about how KCB's mobile banking platform can make it easier to pay bills, transfer money, borrow loans, and more from the convenience of your smartphone.
Mobile banking has revolutionized how we access financial services, allowing us to pay bills, transfer money, and borrow loans from the convenience of our smartphones. One of the key players in the Kenyan mobile banking space is KCB, which offers a range of services through its mobile banking platform, including the ability to transfer money to M-Pesa wallets. In this comprehensive guide, we will look at the charges associated with withdrawing cash from KCB to M-Pesa in 2023, the various mobile banking services KCB offers, and how to activate them.
KCB To M-Pesa Withdrawal Charges
The following charges apply for the transfer of money from KCB accounts to M-Pesa wallets using KCB Mobile Banking:
| Minimum Amount (in KES) | Maximum Amount (in KES) | Fees (in KES) Inclusive of Excise Duty |
|---|---|---|
| 1 | 100 | 0 |
| 101 | 1,500 | 25.20 |
| 1,501 | 5,000 | 30.00 |
| 5,001 | 20,000 | 32.40 |
| 20,001 | 150,000 | 34.80 |
Mobi Transaction Limits:
The following transaction limits apply for KCB Mobile Banking:
| Transaction Limit | Maximum Amount (in KES) |
|---|---|
| Up to KES 150K per day | 150,000 |
| Up to KES 300K per week | 300,000 |
| Up to KES 500K per month | 500,000 |
KCB Mobile Banking Services
KCB offers a range of mobile banking services through its App and USSD code *522#, including the ability to pay utility bills, buy airtime, transfer money to any account or mobile wallet, pay school fees, borrow a KCB mobile loan, enroll in and redeem Simba Points, buy float for your agency business, and view exciting deals for card customers. Here is a brief overview of each of these services:
- Pay utility bills: Conveniently pay your KPLC tokens, Post-paid, DStv, GOtv, Star Times, Nairobi Water, and Jambo Jet bills from your account anytime, anywhere.
- Buy airtime: Easily buy Safaricom, Airtel, and Telkom airtime of up to KES 10,000 for free.
- Transfer money to any account and mobile wallets: You can conveniently transfer money to any KCB account, accounts in other banks, to M-Pesa and Vooma wallets quickly.
- Pay school fees: Pay school fees for your loved ones to over 10,000 schools countrywide directly from your account. All you need is the student's name and admission number.
- Borrow a KCB Mobile Loan: You can access a new Vooma loan of up to KES 300,000 from your phone directly to your KCB account at a low rate of 7.02% for 30 days.
- Enroll, earn, and redeem Simba Points: Enroll for Simba Points by dialing *522#, and transact on mobile banking, with your credit, debit, or prepaid card, on iBank to earn points. Redeem your Simba Points for airtime, cash, and more exciting rewards.
- Buy float: From your phone, you can buy float for your agency business of up to KES 2 million. Visit your nearest branch to enhance your daily float purchase limit.
- View exciting deals for card customers: View exciting discounts and offers available to customers with KCB cards (prepaid, debit, and credit) by clicking here: https://ke.kcbgroup.com/deals/
How to Activate KCB Mobile Banking via KCB App:
Activating KCB mobile banking is simple and can be done through the KCB App on iOS and Android-enabled devices. Here are the steps to follow:
iOS Enabled Mobile Devices
Download the KCB App from the App Store.
Follow the activation prompts on the App by entering your registered mobile number for KCB Mobile banking and Mobile banking PIN as required.
- Dial *522#
- Go to 'No. 8 My Account
- Select 'Activate iPhone App.'
- You will receive an SMS with an activation code (the code is active for 5 minutes)
- Enter the code received to complete the activation process.
- The App is now successfully activated, and you can proceed to transact.
Android Enabled Mobile Devices
- Download the KCB App from the Google Play Store.
- Get started and follow the launch instructions to activate your App. Use the mobile phone number registered on KCB mobile banking and proceed to enter your KCB mobile banking PIN.
- You will be prompted to permit the App to manage phone calls and proceed to allow it.
- To authorize the activation request, a security activation code will be sent to your number. It would be best to allow the App to automatically read this and any other notification as it authenticates your mobile number.
- Upon successful mobile number authentication, the App is successfully activated.
- You can now proceed to transact on the KCB App for Android.
Conclusion
KCB Mobile Banking offers its customers a range of convenient services, including the ability to transfer money to M-Pesa wallets. The charges for these transactions are clearly outlined, and the platform also has various transaction limits in place to ensure the security of its customers. With the KCB App, you can easily access these services from the convenience of your smartphone, making it easier than ever to manage your finances on the go.
