This is a comprehensive guide on how to deposit money from your Mpesa Mobile wallet to your Absa bank account or any other Absa bank. As of 2020 Absa bank had over 120 branches across Kenya.
Absa bank previously known as Barclays bank was among the pioneers to adopt electronic banking and with mobile banking being one of the most used platforms for transactions.
To be able to deposit money into Absa bank account using Mpesa, use the Absa bank Mpesa paybill number 303030.
Under the account number, enter the your absa bank account number or any other Absa bank account number you wish to send the money to.
How to deposit money in your Absa Bank account using Mpesa
- Go to your Mpesa Menu
- Select Lipa na Mpesa option
- Select Paybill option
- EnterBusiness number, enter the absa paybill number 303030
- Enter your Absa bank account number eg 0976549210
- Enter the amount you wish to deposit into your account
- Enter your Mpesa PIN number and press OK.
- You will receive a confirmation SMS from both Absa bank and mpesa confirming your payment.
What is the maximum Mpesa to Absa transactions can you make?
As per the Central bank regulation on mobile money transfer, one is able to transact upto Ksh. 300,000 per day from Mpesa to Absa bank account. However the transaction can only be carried out in two batches with ksh.150,000 being the set maximum per transaction
Apart from the Mpesa to Absa bank deposit, Absa customers can also deposit money into their bank accounts through the various Absa bank agents across the country. You can also deposit money into your Absa account through the Absa ATM machines or by directly visiting the banking hall.
In summary, Absa online bank solutions include;
Absa internet banking: This solution helps you Keep track of your finances and stay in control of your account
Absa Mobile App: The solution to all your basic banking needs, right at your fingertips.
Absa Abby: Abby is available to answer your questions and help you bank on WhatsApp
NovoFX: NovoFX app makes cross-border payments easy any time, anywhere.