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How To Deposit Money From M-Pesa To Absa Bank Account

Global Kenya4 weeks ago

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How To Deposit Money From M-Pesa To Absa Bank Account

This guide explains how to transfer money from M-Pesa to your Absa Bank Kenya account. Absa Bank Kenya PLC is one of Kenya’s largest commercial banks, categorized as a Tier 1 bank. Formerly known as Barclays Bank of Kenya, it rebranded to Absa in 2020 and has since expanded its digital banking services to offer seamless mobile transactions.

Absa has integrated M-Pesa into its banking solutions, allowing customers to deposit and withdraw money anytime, anywhere, without visiting branches. The bank continues to innovate, recently unveiling new digital-first card propositions that integrate with M-Pesa Paybill and Till numbers.

All you need to deposit money to Absa Bank is your Absa account number and the Absa M-Pesa Paybill number.

Step-by-Step Guide to Deposit from M-Pesa to Absa

Go to your M-Pesa menu on your phone
Select Lipa na M-Pesa
Select Paybill
Enter 303030 as the Business number. This is Absa Bank’s official Paybill number.
Enter your Absa Bank Account Number. Ensure you enter it correctly to avoid sending money to the wrong account.
Enter the amount you would like to deposit into your account
Enter your M-Pesa PIN and press OK
You will receive a transaction confirmation message from M-Pesa, followed by a confirmation from Absa Bank once the funds reflect in your account

Alternative Method: Absa Mobile App

If you have a smartphone, you can also use the Absa Kenya mobile app for more banking features, including biometric login and real-time account monitoring. The app is available for download on the Google Play Store and Apple App Store.

Important Information

Transaction Limit: The maximum amount you can send via M-Pesa is subject to Safaricom’s daily transaction limits, currently up to Ksh 150,000 per transaction. Check with Safaricom for the latest limits.
Transaction Time: Funds are typically credited to your account instantly or within a few minutes.
Account Number: Double-check your Absa account number before confirming the transaction.
Confirmation: You will receive SMS alerts from both M-Pesa and Absa once the transaction is complete.

Absa Bank Contacts

For further questions or inquiries, you can contact Absa Bank Kenya using the details below:

Phone:

+254 (20) 3900000 (Landline)
+254 (722) 130120 (Mobile)
+254 (732) 130120 (Mobile)

Email: Available on the official Absa website

Website: www.absabank.co.ke

Branch Locations: Visit any Absa branch nationwide for in-person assistance

Frequently Asked Questions

Is there a fee for transferring from M-Pesa to Absa Bank?
Yes, M-Pesa charges a small transaction fee for sending money to paybills. The fee depends on the amount you are sending. You can check the latest M-Pesa charges on the Safaricom website or by dialing *234#.

Can I send money to someone else’s Absa Bank account?
Yes, you can send money to any Absa Bank account as long as you have the correct account number. The process is the same.

What if I enter the wrong account number?
Always verify the account number before confirming. If you send money to the wrong account, contact Absa Bank immediately with your M-Pesa transaction receipt to request a reversal.

How do I check if the money has reflected?
You will receive a confirmation SMS from Absa Bank. You can also check your balance by dialing *224# or through the Absa mobile app.

Can I withdraw money from Absa to M-Pesa?
Yes. To move funds from your Absa account to your M-Pesa wallet, dial *224#, select Funds Transfer, choose “To M-PESA,” enter the recipient’s M-Pesa number, and follow the prompts.

Note on Absa’s Prepaid Cards

If you have an Absa prepaid card, including student cards, you can load it using a different Paybill number. For prepaid cards, use Paybill 303069 and enter your 16-digit card number as the account number.