Sending money from M-Pesa to your I&M Bank account is fast, secure, and convenient. Whether you are topping up your savings, settling a bill, or transferring funds for business, the process takes less than a minute.
All you need is your I&M Bank account number and the bank’s official M-Pesa Paybill number—542542. I&M Bank is one of Kenya’s reliable mid-tier financial institutions, operating since 27th March 1996.
Its head office is located at I&M Bank Tower along 2nd Ngong Avenue in Nairobi. With 41 branches across the country, including 27 in Nairobi, the bank provides convenient access to thousands of customers.
Since 2013, I&M Bank shares have been publicly traded at the Nairobi Securities Exchange, proving its strong presence in the financial sector.
How To Send Money From M-Pesa to I&M Bank
You can easily move funds from your M-Pesa wallet to your I&M Bank account by following these simple steps.
| Step | Action |
|---|---|
| 1 | Go to your M-Pesa menu on your phone |
| 2 | Select Lipa na M-Pesa |
| 3 | Choose Paybill |
| 4 | Enter 542542 as the Business Number |
| 5 | Enter your I&M Bank Account Number |
| 6 | Input the amount you want to send |
| 7 | Enter your M-Pesa PIN and press OK |
| 8 | Wait for confirmation messages from both M-Pesa and I&M Bank |
Once the transaction is successful, the funds will reflect in your account immediately. You can send up to Ksh 70,000 per transaction, which makes it ideal for small business transfers or personal deposits.
Benefits of Using M-Pesa to Send Money to I&M Bank
Using M-Pesa to send money to your I&M Bank account saves time and effort. You don’t need to visit a branch to deposit funds—everything happens from your phone. Here are key benefits of this service
- Convenience—You can transfer money anytime, anywhere, even outside banking hours.
- Speed—The transaction is processed instantly, with both M-Pesa and I&M Bank confirming via SMS.
- Security—M-Pesa ensures your transaction details are encrypted and protected.
- Flexibility—You can use it for savings deposits, loan repayments, or business transfers.
This service is especially useful for customers who live far from I&M branches or those who prefer cashless banking.
How To Contact I&M Bank for Help
If you experience delays or issues when sending money from M-Pesa to I&M Bank, reach out to the bank’s customer service team. They are available to assist with any M-Pesa deposit or account inquiry.
| Contact Method | Details |
|---|---|
| Phone | 0719 088 002 / 0732 100 002 |
| Address | I&M Bank House, 2nd Ngong Avenue, Nairobi |
You can also visit any of the 41 I&M branches countrywide for in-person assistance.
Final Thoughts
Understanding how to send money from M-Pesa to I&M Bank helps you manage your finances efficiently. With the Paybill number 542542, you can make secure deposits directly into your account without queuing at the bank. The process is quick, reliable, and ideal for both personal and business use—proving why I&M Bank remains one of Kenya’s most trusted financial partners.
