If you are looking for a convenient and secure way to deposit money into your Absa bank account, you can use the Mpesa service from Safaricom. Mpesa is a mobile money transfer platform that allows you to send and receive money using your phone. You can use Mpesa to pay bills, buy goods and services, and even access loans and savings.
One of the benefits of using Mpesa is that you can deposit or transfer money into your Absa account anytime, anywhere, without visiting a branch or an ATM. All you need is your Absa account number and the Absa pay bill number, which is 303030.
In this article, I will show you how to send money from Mpesa to an Absa account in a few simple steps.
Here is how to send money from Mpesa to Absa Account
Step 1: Access your Safaricom menu, then select M-Pesa
To start the process, you need to have a registered Safaricom line with an active Mpesa account. You also need to have enough balance in your Mpesa wallet to cover the amount you want to deposit and the transaction fee.
To access your Safaricom menu, go to your phone’s SIM toolkit or use the Safaricom or Mpesa app. Then select the M-Pesa option from the menu.
Step 2: Select Lipa na Mpesa, then select Pay bill
The next step is to select the Lipa na Mpesa option, which allows you to pay for various services using Mpesa. Then select the Pay Bill option, which allows you to pay for bills such as utilities, subscriptions, and bank deposits.
Step 3: Enter Absa Paybill number: 303030
After selecting the Pay Bill option, you will be prompted to enter the business number of the service provider you want to pay. In this case, you want to deposit money into your Absa account, so you need to enter the Absa pay bill number, which is 303030.
Step 4: Enter your Absa 10-digit account number
The next step is to enter your Absa account number as the account number. This is the 10-digit number that identifies your specific Absa account. You can find it on your bank statement, checkbook, or debit card.
Make sure you enter the correct account number, as any mistake can result in sending money to the wrong account or losing it altogether.
Step 5: Enter the amount to transfer
After entering your account number, you will be prompted to enter the amount of money you want to deposit into your Absa account. You can enter any amount between Ksh 10 and Ksh 150,000 per transaction. However, you can only deposit up to Ksh 300,000 per day from Mpesa to Absa.
Step 6: Enter M-Pesa PIN
The final step is to enter your M-Pesa PIN and confirm the transaction. Your M-Pesa PIN is a four-digit code that secures your M-Pesa account from unauthorized access. You should never share your PIN with anyone or write it down so that someone can see it.
After entering your PIN, you will see a confirmation screen with the details of your transaction. Check if everything is correct before pressing OK. If you make a mistake, you can cancel the transaction by pressing any other key before sending it.
Step 7: Receive confirmation messages from M-Pesa and Absa
Once you send the transaction, you will receive two confirmation messages: one from M-Pesa and one from Absa. The message from M-Pesa will show you the amount you have deposited, the transaction fee, and your new M-Pesa balance. The message from Absa will show you the amount you have deposited, your new Absa balance, and a reference number for the transaction.
You should keep these messages as proof of payment in case of any dispute or query.
ALSO CHECK: ABSA bank branches in Kenya
Conclusion
That’s how easy it is to send money from Mpesa to an Absa account. You can use this method to deposit money into your own Absa account or someone else’s Absa account. You can also use it to pay for loans, credit cards, or other services offered by Absa.
By using Mpesa to deposit money into your Absa account, you save time and money that you would otherwise spend on visiting a branch or an ATM. You also enjoy the convenience and security of banking from your phone.
For more information on how to use Mpesa and other banking services from Absa, visit their website or contact their customer care.
My name is Elizabeth Atieno, and I am an author here at Bizhack Kenya. I specialize in finance and investment writing, providing insightful and informative content on personal finance, investing, and market trends.