Kenya Women Finance Trust (KWFT) Bank has embraced the digital banking revolution, making it easier than ever for customers to manage their finances. One of the most convenient features available to KWFT customers is the ability to deposit and withdraw funds directly between their KWFT bank account and their M-Pesa account. Whether you’re transferring money into your KWFT account or withdrawing funds to your mobile phone, these services offer great flexibility and accessibility.
In this comprehensive guide, we will walk you through the simple steps for depositing money from M-Pesa to your KWFT account and withdrawing money from your KWFT account to M-Pesa. We will also explain how to set up your KWFT mobile banking account so that you can start using these services right away.
How to Open a KWFT Mobile Banking Account
Before you can deposit or withdraw money between your KWFT account and M-Pesa, you must first have access to KWFT’s mobile banking service. Thankfully, setting up a KWFT mobile banking account is a quick and easy process.
Here’s how to register for KWFT Mobile Banking:
- *Dial 859# using your Safaricom SIM card. This is the short code for KWFT’s mobile banking service.
- Enter your details: You will be prompted to provide some basic information, such as your ID details and your KWFT account number.
- Complete registration: After submitting the required information, you will receive a notification confirming that you’ve successfully registered for mobile banking.
Once you’ve completed this step, you will have full access to KWFT’s mobile banking services, including the ability to deposit and withdraw money from your account via M-Pesa.
How to Deposit Money from M-Pesa to Your KWFT Account
Depositing money from your M-Pesa account to your KWFT account is a quick and easy process. Follow these simple steps to transfer money into your KWFT account:
- Open the M-Pesa menu: On your phone, go to the M-Pesa menu and select Lipa na M-Pesa.
- Select ‘Pay Bill’: In the next menu, choose the Pay Bill option.
- Enter the Business Number: When prompted to enter the business number, input 101200. This is the business number for KWFT.
- Enter Your KWFT Account Number: Next, input your KWFT account number as the account number in the next field.
- Enter the Amount: After entering your account number, specify the amount you would like to deposit into your KWFT account.
- Enter Your M-Pesa PIN: Finally, enter your M-Pesa PIN and press OK.
- Confirmation: After completing the transaction, you will receive a confirmation SMS from both M-Pesa and KWFT, notifying you that the deposit has been successfully completed.
It’s as simple as that! In just a few minutes, your deposit will be reflected in your KWFT account, and you can proceed to manage your funds as needed.
How to Withdraw Money from Your KWFT Account to M-Pesa
Withdrawing money from your KWFT account to your M-Pesa account is just as easy. Follow the steps below to complete a mobile money transfer:
- Dial *859#: Using your Safaricom SIM card, dial 859# to access the KWFT mobile banking menu.
- Enter Your Mobile Banking PIN: After dialing, you will be asked to enter your mobile banking PIN for security purposes.
- Select ‘Funds Transfer’: In the menu, select the Funds Transfer option to initiate a transfer.
- Choose ‘Mobile Money Transfer’: From the available options, select Mobile Money Transfer.
- Select ‘Account to M-Pesa’: Choose Account to M-Pesa, which will enable you to transfer funds from your KWFT account to your M-Pesa account.
- Select ‘To My Phone’ or Another Phone: You can choose to transfer money directly to your own M-Pesa number or to another person’s phone number. If you’re sending money to someone else, you’ll need to enter their M-Pesa number.
- Enter the Withdrawal Amount: Specify the amount of money you wish to withdraw from your KWFT account to your M-Pesa account.
- Confirm and Send: After entering the amount, confirm the details and send the transaction request.
- Receive Confirmation: Once the transaction is complete, you will receive an SMS notification confirming the transfer from both KWFT and M-Pesa. The funds will be instantly available in your M-Pesa account.
This service offers a seamless way to access your KWFT funds anytime, anywhere, and gives you the flexibility to make payments or transfer money to other M-Pesa users.
Additional Features of KWFT Mobile Banking
KWFT mobile banking offers more than just deposits and withdrawals. Some of the key features of the mobile banking platform include:
- Account Balance Inquiry: Check your KWFT account balance at any time by simply dialing *859# and selecting the relevant option.
- Loan Management: Apply for loans and manage your loan repayments through the mobile banking menu.
- Mini Statements: Request mini statements to keep track of your transactions.
- Fund Transfers: Apart from transferring funds to M-Pesa, you can also send money to other bank accounts using KWFT’s mobile banking services.
- Bill Payments: Make payments for various bills directly through the mobile banking platform, including utilities and other services.
How to Ensure Safe Transactions on KWFT Mobile Banking
While using KWFT mobile banking for deposits and withdrawals is straightforward, it’s important to ensure that your transactions are secure. Here are a few tips to keep in mind:
- Never share your PIN: Your mobile banking PIN is a sensitive piece of information. Never share it with anyone, and avoid using easily guessable PINs.
- Log out after use: Always log out of your KWFT mobile banking session when you are done to prevent unauthorized access to your account.
- Verify transaction details: Always double-check the transaction details (e.g., amount and account number) before confirming the transaction.
- Enable two-factor authentication: If available, enable two-factor authentication for added security when accessing your mobile banking services.
ALSO READ:How to Easily Transfer Funds from Your KWFT Bank Account to M-Pesa: A Step-by-Step Guide
