How to Withdraw Paypal Money from Equity Bank Kenya

    September 23, 2016   No comments

Where can I withdraw Paypal money in kenya?Which bank accepts PayPal?Quick way to cash out PayPal money in kenya.These are FAQs by Paypal account holders who are mostly the Kenyans doing the freelancing businesses.



Equity Bank,the largest lender in kenya went into a second phase partnership agreement with Paypal  this year which made it easier for Paypal and Equity Bank clients to link accounts and transfer funds online.Now the lender's customers with PayPal accounts can withdraw their online money within three business days instead of eight days as happened previously.
Paypal money to equity bank account kenya

Paypal to Equity bank  money transfer service is only available to active KES,GBP,USD and EURO transactional personal or business accounts.The maximum amount to transfer is $10000 or kes1000000 or its equivalent in the form of other currencies.

Read now the step by step guide on how to use the service:
Source:Equity Bank

The Equity Bank withdrawal service with PayPal works as follows:

  1. Visit the Equity Bank Website www.ke.equitybankgroup.com
  2. Click on the money transfer section at the top right hand corner
  3. Select PayPal
  4. If you do not have a PayPal account, click on ‘sign up for PayPal account’ and complete the process
  5. If you have a PayPal account and you would like to withdraw money to your Equity Bank Account click on ‘withdraw your money’
  6. With your portal user name and password, log in to the site. If you are new, click register and follow the process of registration (the registration Process is a one-time process)
  7. On the menu click "Banking services"
  8. Enter your nominated bank account and click "Link Account"
  9. A One Time Pin (OTP) will be sent to the official cell phone number maintained by Equity Bank for the nominated account
  10. Enter the OTP and click "Confirm OTP"
  11. If successful, a confirmation message will be displayed “Account has been successfully linked. Enjoy our Online Banking services"
  12. On the menu list click "PayPal Services"
  13. Enter your PayPal email address, select the bank account added in step 4 above and click "Link Account"
  14. You will be redirected to PayPal window pop up. Key in your PayPal Account Password and click "Authorize"
  15. You will be redirected back to your Equity Bank website page with a message “Your PayPal account has been successfully Linked”

PayPal Balance Enquiry

  1. On the PayPal Services Menu, click "My PayPal Balance"
  2. Select your linked PayPal account and click "Submit request"
  3. Your PayPal account balance will be displayed

PayPal Withdrawal Process

  1. On the PayPal Services Menu, click "Withdraw Service"
  2. Select your PayPal account linked previously"
  3. Key in the amount to withdraw. The amount must be less than or equal to your PayPal Account Balance
  4. Click "Accept"
  5. You will receive a message “"Your PayPal withdrawal of amount X was successful". Your bank account will be credited within 3 business days”
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Mwabaya Katana

Posted By Mwabaya Katana

Mwabaya Katana is a Personal Finance online writer.He is the founder of 'Loans Kenya' Blog.

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