Bulk, Payroll & Supplier Payments

Efficient processing of salaries, supplier and contractor payments, pensions and beneficiary disbursements to bank accounts and mobile wallets.

Active Equity account
KYC documentation – certificate of registration/incorporation or establishing Act/Gazette notice, KRA PIN, and IDs/KRA PINs of signatories
Board/Council resolution authorising the account or facility and appointing signatories
Payment instruction file in agreed format

Charges
- Salary remittance (online): KES 100
- Within-bank transfers: KES 50
- EFT: KES 200 (online) / KES 300 (branch)
- RTGS outgoing: KES 500
- Payments to mobile wallets: as per mobile wallet tariff
Potential Risks
- Failed payments due to incorrect beneficiary details
Transaction Process
1. Set-up & file format agreement
2. Upload & Approval
3. Processing
4. Status report & reconciliation

First Name

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Closest Equity Bank Branch

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Terms and Conditions

Equity Bank is Regulated by the Central Bank of Kenya