Equity Bank account holders will now enjoy instant withdrawal capabilities, as opposed to the initial 24-hour period, after the bank enhanced its PayPal withdrawal service.
Whether in Kenyan Shillings (KES) or United States Dollars (USD), customers will henceforth have the ability to seamlessly withdraw funds from their registered PayPal accounts straight into their Equity Bank accounts.
Additionaly, the transaction limits have been increased up to USD 10,000 per transaction, with no daily limit imposed.
Equity Bank Kenya’s PayPal withdrawal service offers a streamlined and user-friendly process for customers to access their funds conveniently.
Upon initiating a withdrawal, customers receive a verification code via email, enabling them to complete the process swiftly. Alternatively, customers can opt for the SMS verification option for added convenience.
Withdrawals are executed instantly, offering unparalleled speed and efficiency in accessing funds. This enhancement heralds a new era of convenience and accessibility for Equity Bank customers, positioning the bank as a leader in innovative banking solutions.
The exclusive offering of instant PayPal withdrawals distinguishes Equity Bank from its peers, emphasizing its commitment to delivering unparalleled value to customers.
By providing a seamless integration between PayPal and Equity Bank accounts, customers benefit from enhanced flexibility and efficiency in managing their finances, thereby elevating their overall banking experience.
This service will offer substantial benefits to e-commerce businesses and freelancers operating in Kenya. The introduction of instant withdrawal capabilities, eliminating the previous 24-hour waiting period, will significantly streamline the process of accessing funds.
This swift access will be crucial for businesses reliant on timely capital for operations, allowing them to efficiently manage cash flow and seize opportunities promptly.
Furthermore, the flexibility to withdraw funds in either Kenyan Shillings (KES) or United States Dollars (USD) will cater to the diverse needs of e-commerce businesses and freelancers.
This flexibility will enable businesses engaged in cross-border transactions to navigate currency fluctuations effectively and minimize conversion costs, enhancing overall profitability.
The seamless integration between PayPal and Equity Bank accounts will additionally simplify the withdrawal process, saving valuable time and resources for businesses.
With straightforward steps to link accounts and initiate withdrawals, businesses can focus on core operations and growth initiatives without the burden of complex procedures.
Equity Bank’s increased transaction limits, allowing withdrawals of up to USD 10,000 per transaction, will accommodate businesses with higher transaction volumes.
This higher threshold will reduce the frequency of withdrawals and associated transaction fees, optimizing cost management strategies and improving profitability.
To link a PayPal account to an Equity Bank account, customers can follow these steps:
- Visit www.equityonline.equitygroupholdings.com/en/access/login.
- Log in to your Equity Bank account.
- Verify your account using an email or SMS.
- Select PayPal from the landing page.
- Enter your PayPal email address.
- Scroll down on the home page and click “Add.”
- Select “Add your PayPal account.”
Additionally, customers can link a bank account to their PayPal account by following these steps:
- Click “Wallet” in the top bar.
- Click “Link a bank account.”
- Add your bank account details.
- Confirm your bank card.
To withdraw funds from PayPal to an Equity Bank account, customers can follow these steps:
- Check their email for a verification code.
- Enter the verification code and click “Verify.”
- Select the SMS option to get verified.
The instant PayPal withdrawal feature provided by Equity Bank offers unparalleled speed and efficiency in accessing funds. This is in contrast to the typical 3-5 business days for transfers from linked bank accounts to PayPal balances.
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Equity Bank Kenya’s extensive infrastructure is designed to facilitate seamless transactions, including PayPal withdrawals, showcasing the bank’s robust capabilities.
With equity bank paybill number being 247247, customers can initiate transactions effortlessly, enjoying the convenience of round-the-clock customer care support.
The equity bank customer care number, 0763 000 000, operates 24/7, ensuring that customers receive timely assistance whenever needed.
Moreover, customers can leverage the equity bank swift code, EQBLKENAXXX, for international transactions, while the bank’s code, 68, simplifies identification in various banking transactions.
With the equity bank ussd code, *247#, accessible across all major telcos in Kenya, including Safaricom, Airtel, Telkom, and Equitel, customers have convenient access to mobile banking services.