Online Banking

Enjoy simple and seamless mobile banking wherever you are with our digital and mobile banking solutions:

Eazzy Biz

EazzyBiz is an online banking solution that offers, end-to-end cash and liquidity management solutions to Corporates and SMEs.

EazzyBiz enables you to manage your business finances from wherever you are.

Great Features of EazzyBiz

EazzyBiz platforms has 6 key capabilities commonly referred to as modules:

  1. Account Services:

    This gives you a global unified 360-degree view of all accounts held with the bank.

    • View account balances across accounts with the corresponding currency (Current, Savings, Deposit and Loan Accounts)
    • View summary and details of all accounts in the bank with facility to download statements in a format of your choice.
    • Service requests for additional Cheque books, stopping Cheques and Cheque status inquiry can be placed.
    • Real time reporting and audit capabilities
  2. Payments

    This is an end-to-end payments solution that enables corporates and SMES perform various transactions:

    • Self-transfers within Corporate’s own accounts
    • Bulk payments, Salary and Payroll services (To Equity Bank accounts, Other Bank Accounts and Mobile Wallets)
    • Transfers to third parties within Equity Bank and to other Banks
    • EFT, RTGS and SWIFT transfers
    • Standing instructions and Recurring transactions
    • Bill payments & statutory payments – NHIF & NSSF payments, Water, Electricity
    • Tax payments to KRA – VAT, PAYE (Income Tax)
    • Batch payments – (Clubbing of transactions together by initiator and sending them for authorization as one)
    • Mobile wallet payments – Payments to Mpesa, Equitel, Orange Money, Airtel Money
    • Credit card payments – Pay with credit card bill
    • Local and Foreign currency demand draft (DD) issuance
    • Beneficiary management and payment summary view
  3. Collections and Receivables:

    The EazzyBiz Collections and Receivables module provides a complete view of sales and collections as per the designated business hierarchy, divisions or locations. This module supports:

    • Cash and Cheque Collection and pick up arrangements.
    • Electronic Collections – Direct Debits, Collections through EFT, RTGS, Virtual account collections
    • Receivables Management – Invoice Uploads, Invoice Reconciliation, Reconciliation statements
  4. Liquidity Management

    Liquidity helps corporate treasurers to manage credit and debit balances and cash flows across multiple accounts, multiple currencies and multiple locations; and manage shortfalls and excesses.

    EazzyBiz supports Liquidity Management module through:

    1. Sweeping – This is the automated movement of funds between certain accounts based on predefined rules/instructions. This can be done with accounts outside the Equity ecosystem too.
    2. Pooling – This involves the notional offsetting of debit and credit balances with no actual movement of funds between accounts.
  5. Host to Host (I-Link)

    This is a seamless exchange of files through direct integration with a Corporate’s ERP enabling processing of entire customer.

    • Payment transactions. Some of its features include:
    • Real time reporting and audit capabilities
    • Preconfigured industry standard file formats
    • Format transformations and mapping to ensure easy adaption to new and existing formats.
    • Scalability from a functional perspective
    • File compressing, Encryption and transfer using secure Industry standard protocols.
  6. Information reporting

    Gives you access to customized MIS across all products, as well as Rich Analytics.

 
  • With Eazzybiz Corporates and SMEs enjoy.

    • Enhanced Security – Secure Transaction Processing
      • Two Factor Authentication – Login Password & OTP
      • Secure Transaction Authorization – Use of Tokens for Transaction authorization
      • Approval Workflow-All financial and non-financial transactions go through a well-structured workflow approval.
      • Website Security -Website is certified and secured by VeriSign.
    • Efficiency – The platform reduces accounting overheads.
    • Automation of services- Cash Book is automated and the corporates processes are digitized.
    • Savings on cost: Enables organizations utilize idle cash and save borrowing costs.
    • Real-time decision-making -Due to availability of real-time MIS /Analytics
    • Better visibility on Group wide cash positions / forecast business
    • Streamlined reporting- Rich MIS / Analytics reports
    • Better management of cashflow – Reducing Cash Leaking and Pilferage
    • Better planning -Forecast future cash positions and cash needs.
    • Speed and Convenience - Process payments faster, real-time
    • Reduce reconciliation time- Automated reconciliations.
    • Efficient cash flow management - Optimized Collection time
    • Audit trail of all transactions can be verified.
  • Getting started with Equity Online

    1. Visit your nearest Equity branch.
    2. Complete the EazzyBiz Application form and our relationship managers will on-board you on platform.
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Equity Bank is Regulated by Central Bank of Kenya