How To Transfer Money from MPesa to Loop

Are you looking to transfer money from your M-Pesa account to your Loop account but unsure how to do it? This comprehensive guide will ensure a smooth and quick transfer process.

How to Deposit Money from M-Pesa to Loop

1. Open M-Pesa: Launch the M-Pesa menu on your phone or access the M-Pesa app.
2. Select “Pay Bill” Option: Navigate to and select the “Pay Bill” option from the M-Pesa menu.
3. Enter Business Number: Input NCBA Loop’s Pay Bill number: 714777.
4. Enter Account Number: In the “Account Number” field, enter your mobile phone number accurately to avoid any delays.
5. Enter Amount: Specify the amount you wish to transfer from your M-Pesa account to your Loop account.
6. M-Pesa PIN: For transaction verification and security, enter your M-Pesa PIN.
7. Examine & Verify: Double-check all details, including the transfer amount, your mobile number, and the Pay Bill number (714777). Once confirmed, proceed with the transaction.
8. Confirmation: After the transaction, M-Pesa will send you a confirmation SMS, and Loop will notify you via SMS that the deposit into your Loop account was successful. Your Loop account balance should reflect the funds almost immediately.

Loop Transaction Fees

• M-Pesa: As of May 2024, transferring money to Lipa na M-Pesa Pay Bill services like NCBA Loop is free of charge through Safaricom.
• Loop: Note that Loop may charge transaction fees when withdrawing money to M-Pesa.

Other Loop Top-Up Techniques (Optional)

While M-Pesa is a popular and convenient choice, Loop offers additional top-up options for your convenience:

• Cash Deposit: Visit any NCBA branch to make a direct cash deposit into your Loop account.
• Cash Deposit Machine (CDM): Use NCBA Cash Deposit Machines located at select branches for faster cash deposits.
• EFT, RTGS, or PesaLink: Utilize PesaLink (an interbank money transfer service) or Electronic Funds Transfer (EFT) to send money directly from your bank account to your Loop account.

With these easy steps and options, transferring money from M-Pesa to Loop has never been simpler!