You can now easily access your funds within 24 hours through the PayPal withdrawal service, which is available on both the Equity Online platform and the Equity Mobile App.
To use this service, simply link your account through either the Equity Online website or the Equity Mobile App.
This service was not previously available, but we are pleased that Equity Bank has made it possible for a large number of people who have Equity Bank accounts and receive payments through PayPal to now have convenient access to their funds.
To link the PayPal account, sign in to Equity Online or Equity Mobile and scroll down on the home page.
Then, click Add then select Add your Paypal account to link it.
How to Open and Verify Your PayPal Account (by linking card)
To create a personal or business PayPal account for free, go to https://www.paypal.com/ke and click the “Sign Up” button.
You will receive an email confirmation at the email address you provide. Once your account is successfully created, you will need to verify it.
To do this, you will need a funded Equity debit or credit card. Enter your card details and click “verify and confirm.”
Note that a $1.95 fee will be charged and then refunded upon successful verification.
To complete the verification process, you will need to enter a four-digit security code on your PayPal account. You can find this code in the transaction statement reference, in a transaction SMS notification, or by contacting +254763063000 or [email protected].
PayPal Limits, Withdrawal Duration and Fees
Money deposited into your PayPal account should be reflected in a matter of minutes. The maximum amount that can be withdrawn from your PayPal account to your Equity account in a single transaction is $10,000. It will take one business day for the withdrawal transaction to be processed and transferred to your Equity account.
| Withdrawal amount in USD | 500 and below | 501-1000 | 1001-2000 | 2001-5000 | Above 5000 |
| Fee | 1.5% | 1.375% | 1.25% | 1.125% | 1% |
