Are you a customer of NCBA bank and wondering how to easily deposit money from mpesa to ncba bank? You’re in luck because in this article, we’ll provide you with a step-by-step guide on how to do just that.
What is NCBA Bank?
NCBA Bank is one of the leading banks in Kenya, with a rich history dating back to 1963. The bank was formed through the merger of NIC Bank and Commercial Bank of Africa (CBA) in 2019. With a wide range of banking products and services, NCBA is committed to providing excellent customer service to its clients.
What is M-Pesa?
M-Pesa is a mobile phone-based money transfer service that was launched in Kenya in 2007. It has since grown to become one of the most popular mobile payment systems in Africa. With M-Pesa, you can easily send and receive money, pay bills, and even buy goods and services.
How to Deposit Money from M-Pesa to NCBA
Now that we’ve defined NCBA Bank and M-Pesa let’s get into how to deposit money from M-Pesa to your NCBA account.
Step 1: Ensure Your M-Pesa Account is Active
Before you can deposit money from M-Pesa to NCBA, you need to ensure that your M-Pesa account is active. If it’s not, visit any Safaricom shop or M-Pesa agent to reactivate it.
Step 2: Go to M-Pesa Menu
Next, navigate to the M-Pesa menu on your phone by dialing *234# or selecting the M-Pesa icon on your phone.
Step 3: Select Lipa na M-Pesa
Once you’re on the M-Pesa menu, select “Lipa na M-Pesa” and then choose the “Pay Bill” option.
Step 4: Enter NCBA Pay Bill Number
Enter the NCBA Pay Bill number, which is 880100, and press “OK”.
Step 5: Enter Your NCBA Account Number
Next, you’ll be prompted to enter your NCBA bank account number. Key in your account number and press “OK”. Ensure that you enter the correct account number to avoid any errors.
Step 6: Enter Amount to Deposit
Enter the amount of money you wish to deposit into your NCBA account and press “OK.” Make sure that you have enough money in your M-Pesa account to complete the transaction.
Step 7: Enter M-Pesa PIN
Finally, enter your M-Pesa PIN and then press “OK” to confirm the transaction. You’ll receive a confirmation message from M-Pesa and NCBA Bank indicating that the transaction was successful.
And that’s it! You’ve successfully deposited money from M-Pesa to your NCBA bank account.
Benefits of Depositing Money from M-Pesa to NCBA
There are several benefits of using M-Pesa to deposit money into your NCBA bank account, including:
- It’s fast and convenient
- You can do it from anywhere at any time
- You don’t need to visit a bank branch or ATM
- The transaction fees charged by M-Pesa are relatively low compared to other payment methods
Conclusion
In conclusion, depositing money from M-Pesa to NCBA is an easy and straightforward process. By following the steps outlined above, you can conveniently and securely transfer money into your NCBA bank account. If you encounter any challenges during the process, contact NCBA customer care for assistance.
FAQs
1. How long does it take for the money to reflect in my NCBA account?
The money should reflect in your NCBA account immediately after the transaction is complete.
2. Can I deposit money from M-Pesa to NCBA using someone else’s phone?
Yes, you can deposit money from M-Pesa to NCBA using any phone as long as you have the NCBA Pay Bill number and your account number.
3. Is it safe to deposit money from M-Pesa to NCBA?
Yes, it’s safe to deposit money from M-Pesa to NCBA. Both M-Pesa and NCBA use advanced security protocols to ensure that your transactions are secure.
4. What happens if I enter the wrong account number during the transaction?
If you enter the wrong account number, the money will be credited to the wrong account. It’s important to double-check your account number before submitting the transaction.
5. Are there any transaction fees charged for depositing money from M-Pesa to NCBA?
Yes, there are transaction fees charged by M-Pesa for depositing money to NCBA. The fees vary depending on the amount of money you’re depositing. You can check the fees on the M-Pesa menu or on the Safaricom website.