M-PESA to bank is a service that links your bank account to M-PESA, giving you the convenience of easy banking without the need to physically visit a bank branch.

You can deposit and withdraw cash from the comfort of your phone any day any time.

Banks currently offering this service include:

• Cooperative Bank
• KCB Bank
• Barclays Bank
• Equity Bank
• Family Bank
• NIC Bank
• Post Bank
• Consolidated Bank

Below is the procedure of depositing cash from M-PESA to your bank account:

1. Go to pay bill option from your M-PESA menu
2. Enter the business number for your bank: Cooperative Bank (400200), KCB Bank (522522) , Equity Bank (247247) , Family Bank (222111) , NIC Bank (488488) , Post Bank (200999) , consolidated Bank (508401)
3. Enter the account number which is your bank account number
4. Enter the amount and your M-PESA pin

Depositing into your bank account using M-PESA saves you on transport cost to go to your branch, time it would take to get to your branch and queue and reduces risk associated with handling cash.

Withdrawing directly from your bank account via M-PESA entails registering with your branch for mobile banking. once registered you will be able to withdraw from either an M-PESA agent or ATM services supporting M-PESA

Click here for list of ATM's supporting M-PESA and their respective charges

Costs associated with the service vary from bank to bank, you can contact your respective banks for details on the cost.

Is it convenience to bank with M-PESA?

Yes!

Firstly, M-PESA has partnered with more banks in mobile banking, giving you an option of 8 banks. You also get to choose from 3 different ATM service having 24 hour access to your money plus over 25,000 M-PESA agents, making it an ideal option when it comes to mobile banking.

Watch out for tomorrow's post on: Banking With Airtel Money