How To Use Equity Bank USSD Code *247# on Safaricom, Airtel And M-Pesa (2024 Guide)

The Equity Bank USSD code *247# is a revolutionary service that simplifies mobile banking for users across different networks. This service is available on Safaricom, Airtel, and M-Pesa, making it accessible to many customers. *The USSD code 247# allows users to perform various banking transactions without an internet connection. This includes checking account balances, transferring funds, paying bills, and even applying for loans.

The primary benefit of using the USSD code is its simplicity and convenience. Whether you have a smartphone or a basic mobile phone, you can access all the essential banking services with just a few taps. This guide will provide detailed instructions on how to use the USSD code effectively.

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Registering for Equity Bank USSD Service

Before you can start using the USSD code *247#, register for the service. The registration process is straightforward and can be completed in a few minutes.

Step-by-Step Registration Process

1. *Dial 247# on your mobile phone.

2. Follow the prompts to enter your Equity Bank account number.

3. You will receive an SMS with a one-time PIN (OTP) for verification.

4. Enter the OTP to complete the registration process.

5. Create a new PIN for future transactions.

Once you have completed these steps, you will be registered for the USSD service and can start using it immediately. Learn more about Equity's digital banking services.

Accessing Banking Services via USSD

The USSD code *247# offers a wide range of banking services that you can access at any time. Here are some of the key services available:

Checking Account Balances

One of the most common uses of the USSD code is to check your account balance. This can be done quickly and easily by following these steps:

1. *Dial 247# on your phone.

2. Select the "Balance" option from the menu.

3. Enter your PIN to confirm the request.

4. Your account balance will be displayed on the screen.

Viewing Mini-Statements

If you need to review recent transactions, you can view a mini-statement using the USSD code. Here's how:

1. *Dial 247# on your phone.

2. Select the "Mini-Statement" option from the menu.

3. Enter your PIN to confirm the request.

4. A list of recent transactions will be displayed on the screen.

Other Services

In addition to checking balances and viewing mini-statements, you can also perform other banking tasks such as:

• Changing your PIN

• Requesting a full account statement via email

• Setting up transaction alerts

Transferring Funds Using USSD Code

Transferring funds using the USSD code *247# is both simple and secure. You can transfer money to other Equity Bank accounts, mobile wallets, and even other banks. Here's how to do it:

Transferring to Equity Bank Accounts

1. *Dial 247# on your phone.

2. Select the "Transfer Funds" option from the menu.

3. Choose "To Equity Account" from the sub-menu.

4. Enter the recipient's account number.

5. Enter the amount you wish to transfer.

6. Confirm the transaction by entering your PIN.

Transferring to Mobile Wallets

You can also transfer funds to mobile wallets like M-Pesa. Follow these steps:

1. *Dial 247# on your phone.

2. Select the "Transfer Funds" option from the menu.

3. Choose "To Mobile Wallet" from the sub-menu.

4. Enter the recipient's mobile number.

5. Enter the amount you wish to transfer.

6. Confirm the transaction by entering your PIN.

Transferring to Other Banks

If you need to transfer money to an account in another bank, you can do so using the USSD code:

1. *Dial 247# on your phone.

2. Select the "Transfer Funds" option from the menu.

3. Choose "To Other Bank" from the sub-menu.

4. Enter the recipient's bank details and account number.

5. Enter the amount you wish to transfer.

6. Confirm the transaction by entering your PIN.

Paying Bills and Merchants with USSD

The USSD code *247# also allows you to pay bills and merchants directly from your Equity Bank account. This feature is incredibly convenient and can save you a lot of time. Discover more ways to pay and send money with Equity.

Paying Bills

To pay bills using the USSD code, follow these steps:

1. Dial 247# on your phone.

2. Select the "Pay Bills" option from the menu.

3. Choose the type of bill you want to pay (e.g., electricity, water).

4. Enter the bill account number.

5. Enter the amount you wish to pay.

6. Confirm the transaction by entering your PIN.

Paying Merchants

You can also pay for goods and services at various merchants using the USSD code:

1. Dial 247# on your phone.

2. Select the "Pay Merchants" option from the menu.

3. Enter the merchant's till number.

4. Enter the amount you wish to pay.

5. Confirm the transaction by entering your PIN.

Applying for Loans via USSD

One of the most convenient features of the USSD code *247# is the ability to apply for loans directly from your mobile phone. This process is quick and straightforward.

Steps to Apply for a Loan

1. Dial 247# on your phone.

2. Select the "Loans" option from the menu.

3. Choose the type of loan you want to apply for (e.g., personal loan, business loan).

4. Enter the required details, such as the loan amount and repayment period.

5. Confirm the application by entering your PIN.

Once your application is submitted, you will receive a confirmation SMS. The loan amount will be credited to your account if approved.

Managing Your Account with USSD

The USSD code *247# also provides several options for managing your Equity Bank account. Here are some of the key features:

Setting Up Alerts

You can set up transaction alerts to keep track of your account activity. Follow these steps:

1. Dial 247# on your phone.

2. Select the "Manage Account" option from the menu.

3. Choose "Set Up Alerts" from the sub-menu.

4. Enter your preferred alert settings (e.g., SMS, email).

5. Confirm the setup by entering your PIN.

Changing PIN

If you need to change your PIN for security reasons, you can do so easily:

1. Dial 247# on your phone.

2. Select the "Manage Account" option from the menu.

3. Choose "Change PIN" from the sub-menu.

4. Enter your current PIN.

5. Enter your new PIN and confirm it.

Updating Personal Information

You can also update your personal information, such as your address or phone number, using the USSD code:

1. Dial 247# on your phone.

2. Select the "Manage Account" option from the menu.

3. Choose "Update Information" from the sub-menu.

4. Enter the new information you wish to update.

5. Confirm the update by entering your PIN.

Frequently Asked Questions

What is the Equity Bank USSD code *247#?

The USSD code *247# is a mobile banking service that allows Equity Bank customers to access various banking services without an internet connection.

How do I register for the USSD service?

To register, dial *247# on your phone and follow the prompts to enter your account number, verify with an OTP, and create a new PIN.

Can I transfer funds to other banks using the USSD code?

Yes, you can transfer funds to other banks by selecting the "To Other Bank" option under the "Transfer Funds" menu.

Is there a limit on the amount I can transfer using the USSD code?

Yes, there are daily and transaction limits for transfers. These limits may vary depending on your account type and the recipient's bank. Check the latest Equity Bank tariff guide for more information.

Can I apply for a loan using the USSD code if I don't have an Equity Bank account?

No, you must have an active Equity Bank account to apply for a loan using the USSD code.

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Final Thoughts

The Equity Bank USSD code *247# is a powerful tool that puts banking services at your fingertips, regardless of your mobile network or device. By following the steps outlined in this guide, you can easily register for the service, access various banking features, transfer funds, pay bills, and even apply for loans.

Embracing this technology not only saves you time and effort but also empowers you to take control of your finances from anywhere, at any time. As Equity Bank continues to innovate and improve its digital banking offerings, the USSD code *247# remains a reliable and convenient option for customers who value simplicity and accessibility.