In today’s fast-paced digital world, mobile money services have changed the way we handle financial transactions. One such service is Safaricom’s M-PESA, which allows users to send, receive, and store money securely on their mobile phones. It is Kenya’s largest mobile money product by market share at 96.5%, followed by Airtel Money at 3.4% and Telkom Kenya’s T-Kash at 0.1%.
If you’re a Standard Chartered Bank customer in Kenya and want to deposit money from your M-PESA account to your bank account, you can do so using pay bill number 329329.
How to deposit funds from M-PESA to StanChart
Step 1
Ensure Sufficient M-PESA balance
Step 2
Access the M-PESA menu from the sim toolkit, M-PESA app or mySafaricom app.
Step 3
Select Lipa na M-PESA
Step 4
Choose pay bill.
Step 5
Enter the business number:
When prompted for the business number, enter the pay bill number for Standard Chartered Bank, which is 329329. Double-check the number to ensure accuracy before proceeding.
Step 6
Enter Your Standard Chartered Bank Account Number:
Step 7: Enter the Amount to Deposit:
Step 8
Enter Your M-PESA PIN
Step 9
Confirm the Transaction:
Carefully review the details of your transaction on the screen. If everything appears correct, confirm the transaction to initiate the transfer of funds from your M-PESA account to your Standard Chartered Bank account.
Step 10: Wait for Confirmation
After confirming the transaction, you will receive a confirmation message from M-PESA indicating the successful deposit of funds into your Standard Chartered Bank account.
