Let’s dive in and explore the Mpesa to I&M Bank charges together.
If you plan to transfer money from Mpesa to your I&M Bank account, you probably wonder about the charges involved. Don’t worry. We’ve got you covered!
In this article, we’ll go through the fees associated with Mpesa to I&M Bank transfers so that you can make an informed decision and avoid surprises.
About I&M Bank Kenya
I&M Bank, headquartered in Kenya, is a top-tier commercial bank with a growing presence in neighbouring countries like Mauritius, Tanzania, Rwanda, and Uganda.
Established in 1974 as a community financial institution, the bank has transformed into a publicly listed regional commercial bank offering various financial services, including Corporate, Business, Premium Client, and Personal banking solutions.
I&M Bank is owned by I&M Group PLC, listed on the Nairobi Securities Exchange. British International Investment (BII), previously known as CDC Group plc, holds around 10.68% ownership in I&M Group PLC.
The bank prides itself on its core values and strengths, which include innovative services and strong customer relationships. Through these values, I&M Bank aims to become Kenya’s leading financial partner for growth, providing innovative and market-driven banking solutions for its target customers.
I&M Bank to Mpesa Charges
Unlike many other banks in Kenya, all Mpesa to I&M Bank Charges is Free. The bank customers can transfer funds from Mpesa to their accounts without incurring any transactional charges.
Mpesa to I&M Bank Charges
Mpesa allows you to transfer funds easily between your bank and M-PESA. To enjoy the service, register for M-PESA at any agent outlet countrywide and register for Mobile banking with your bank.
Understanding the fees involved is crucial whether you’re looking to move money quickly and efficiently or planning your finances. Check out the charges for transferring money from Mpesa to PayBill Accounts (Including I&M Bank). The resource provides all the information you need to make an informed decision and avoid unexpected costs when transferring money between your Mpesa and I&M Bank accounts.
How to Transfer Money from Mpesa to I&M Bank Account
In this guide, we’ll explore how to transfer money from Mpesa to your I&M Bank account step-by-step.
This service is available via PayBill.
- Go to the Mpesa menu on your phone
- Go to Lipa na M-PESA and select the PayBill option
- Enter the I&M bank business number (542542)
- Type in your bank account number
- Enter the amount to transfer
- Enter M-PESA PIN
- Receive an SMS confirmation on the phone
Conclusion
In conclusion, it’s great to know that I&M Bank to Mpesa transfers are free of charge. This is a convenient and cost-effective option for anyone looking to move money quickly between their I&M Bank and Mpesa accounts. However, confirming with your bank and Mpesa provider is always a good idea to ensure no hidden charges or limitations to the free transfers.
Knowing that I&M Bank to Mpesa transfers are free is excellent news for anyone who wants to save money and enjoy a seamless experience.
Please note that Mpesa to I&M Bank transfers incur charges. To learn more, explore our article once again. Thank you.
