What is Mobile to Bank?
Mobile2Bank is Chase Bank’s new business toolkit that will allow a business to receive monies, make payments, manage agency float and get credit facilities instantly in real time from their business bank account via a mobile phone.
What services are available on Mobile to Bank?
Receive Collections directly to their bank account — a business will now be able to receive monies instantly into their bank account from mobile money via a mapped pay bill or buy goods till.
Make Payments directly from their bank account — a business will now be able to pay any individual and any business instantly in an efficient and cost effective way on mobile money i.e. send money to an mpesa mobile wallet, mpesa business pay bill or mpesa buy goods number.
Purchase Agency Float directly from their bank account — a business that provides mobile money agency services will now be able to purchase float at any time, even on weekends or past banking branch operating hours.
Get Credit in real time — a business will now be able to get a loan and receive it in real time into their bank account to enable them meet their business growth needs.
Who is eligible for Mobile to Bank?
Mobile to Bank is targeted to any Individual SME or sole proprietorship business.
Limited companies, partnerships, joint account businesses will be able to be on-boarded in the second release of the product.
What other conditions should a customer satisfy to be eligible?
- The customer will be required to open a Chase Bank Business account to be able to access the different services
- Customer will have to register and be active on Mfukoni Mobile
How do I enrol/subscribe for Mobile to Bank?
Subscribe via the online web micro site, mobile app or ussd channel.
What are the charges for the different services?
Service Range (KES) Bank Charge to Sender Mpesa Charge to Receiver Velocity
- Send to Mpesa Pay Bill
- Send to Mpesa Buy Goods
- Send to Mpesa Bank (via Bank mpesa Collection Pay Bill)
100 100,000 50 33 5 100,001 200,000 100 200,001 300,000 150 300,001 400,000 200 400,001 500,000 250
- Buy Agent Float
35,000 100,000 50 - 5 100,001 200,000 100 200,001 300,000 150 300,001 400,000 200 400,001 500,000 250 Service Collection Channel Charge to Business Charge to Customer
Lipa na Mpesa Pay Bill — Normal Mpesa Tariff Lipa na Mpesa Buy Goods Normal Mpesa Tariff —
How do I get to use the different services?Send to Pay bill
Send to Buy Goods
Send to Bank Account
Buy Agent Float
In case of further queries who can I contact?
Customer can get in touch with firstname.lastname@example.org or call 0730 175 000/ 0709 800 000