PayPal, a global leader in online payment solutions, and Equity Bank, one of the largest banks in Kenya, have teamed up to provide a service that allows you to easily and instantly withdraw funds from your PayPal account directly to your Equity Bank account.
This service bridges the gap between international and local banking, making it easier for Kenyans and East Africans to access funds received from abroad.
Key features:
- Ease of use: Simple and straightforward process.
- Speed: Quick transfer of funds, usually within 1 to 3 business days.
- Security: High-level security standards from both PayPal and Equity Bank.
- Accessibility: Available to all Equity Bank account holders with a PayPal account.
How to use PayPal to Equity service
Setting up your accounts:
- Open an Equity Bank Account: If you don’t have one, visit Equity Bank’s website to learn how.
- Create a PayPal Account: Go to PayPal’s website and sign up.
- Link your accounts: Visit the Equity Bank PayPal portal and follow the instructions to link your PayPal account to your Equity Bank account.
Withdrawing funds:
- Initiate the withdrawal: Log into the Equity Bank PayPal portal.
- Enter Amount: Specify the amount you wish to transfer from PayPal to your Equity account.
- Confirmation: Confirm the transaction details and submit.
Fees and charges
- The service incurs a fee, calculated as a percentage of the transaction amount.
- Be aware of currency conversion charges if withdrawing in a currency other than USD.
Turnaround time
- Transfers are now instant, you should receive your funds within minutes.
Security measures
- Both PayPal and Equity Bank employ robust security measures to protect your funds and personal information.
- Always keep your login credentials confidential.
Conclusion
Visit Equity Bank’s PayPal page for more information and to get started today.
