Equitel is a new revolutionary platform that helps you manage your money and communicate with more freedom, choice and control. Equitel provides tools and features that enable you to perform all your financial transactions as well as make calls, send SMS and browse the internet. You can use Equitel My Money to do all your financial transactions including, transferring money, applying for Eazzy loans, making payments and putting funds aside to help you save for future plans and goals. You can also access your bank accounts from anywhere, anytime thanks to Equitel. Pick up your SIM today by visiting your nearest Equity Bank Branch. If you are not an Equity Bank customer, you can still get an Equitel line by opening an Equity Bank account instantly.
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How to activate Equitel My Money
On registration, your Equitel SIM automatically will be linked to your bank account. If you are not using Eazzy247, go to your nearest Equity bank branch or agent and you will be assisted with registration. However, if you have not linked your Equitel SIM at the Equity bank branch or agent, and you are already a member who is using Eazzy247, you can use your existing line to activate mobile banking on your Equitel line, with the following simple steps;
- On your existing line, dial *247#
- Enter your PIN and select option 10 ‘More’, then option 7 ‘Link Equitel’
- You will receive a notification with the message ‘Link Equitel to Mobile Banking was successful’
- You will also receive an ‘Activation Code’ via SMS on your Equitel line
- Open your Equitel SIM Tool Kit (STK) and select ‘Equity’
- Enter your activation code
- Enter a new PIN and confirm it
- After a minute, a notification will pop up on your Equitel line with the message, ‘Dear Customer your mobile banking application has been activated’
- Your Equitel STK menu will be updated to read, ‘My Money, My Phone, My Life’
Equitel My Money transfer charges
Here are the Equitel My Money transfer charges.
a. Transfer to Mpesa/Airtel Money
Minimum | Maximum | Charges |
Ksh 100 | Ksh 34.10 | |
Ksh 101 | Ksh 500 | Ksh 38.50 |
Ksh 501 | Ksh 1,000 | Ksh 44.00 |
Ksh 1,001 | Ksh 1,500 | Ksh 49.50 |
Ksh 1,501 | Ksh 2,500 | Ksh 60.50 |
Ksh 2,501 | Ksh 35,000 | Ksh 60.50 |
b. Transfer to other bank account (Pesa Link)
Minimum | Maximum | Charges |
Ksh 0 | Ksh 500 | Ksh 0.00 |
Ksh 501 | Ksh 10,000 | Ksh 37.00 |
Ksh 10,001 | Ksh 50,000 | Ksh 62.00 |
Ksh 50,001 | Ksh 100,000 | Ksh 87.00 |
Ksh 100,001 | Ksh 200,000 | Ksh 112.00 |
Ksh 200,001 | Ksh 500,000 | Ksh 137.00 |
Ksh 500,001 | Ksh 999,999 | Ksh 162.00 |
c. Transfer to other bank account (RTGS)
Minimum | Maximum | Charges |
Ksh 1 | Ksh 100,000 | Ksh 300.00 |
Ksh 100,000 | Per transaction | |
Max per day | Ksh 500,000 |
d. Transfer to Equity bank account (RTGS)
Minimum | Maximum | Charges |
Ksh 1 | Ksh 300,000 | Ksh 0.00 |
Ksh 300,000 | Per transaction | |
Max per day | Ksh 1,000,000 |
Equitel My Money withdrawal charges
Here are Equitel My Money withdrawal charges.
Minimum | Maximum | Charges |
Ksh 100 | Ksh 2,500 | Ksh 27.50 |
Ksh 2,501 | Ksh 5,000 | Ksh 49.50 |
Ksh 5,001 | Ksh 10,000 | Ksh 82.50 |
Ksh 10,001 | Ksh 20,000 | Ksh 159.50 |
Ksh 20,001 | Ksh 35,000 | Ksh 187.00 |
Ksh 35,001 | Ksh 50,000 | Ksh 214.50 |
Ksh 50,001 | Ksh 100,000 | Ksh 242.00 |
