Understanding KCB M-PESA Account



KCB M-PESA is a savings account that enables you to access instant loans up to Kshs. 1M upon dialing *844#.

The KCB M-PESA Account features include:

  • Minimum saving of Kshs. 1 and maximum saving of Kshs. 1M
  • Personal accident insurance benefit based on savings
  • Interest on savings of 2% p.a.

You may load your savings easily and conveniently via M-PESA, KCB Mobi, Mtaani agent and/or branch and withdraw your KCB M-PESA account savings only via M-PESA.


You can borrow instantly without saving with disbursement being to KCB M-PESA Account Loan Limits (Kshs.100 to Kshs.500,000 with a top up option)

You can choose flexible repayment periods of 1 month, 3 months and 6 months via M-PESA, KCB M-PESA Account and Mobi/Branch/Mtaani with an option of Partial payments.

The interest on the loan include:

  • 30 day loan at 4% per month (4%)
  • 90 day loan at 3% per month (9%)
  • 180 day loan at 2% per month (12%)

The KCB M-PESA Account Fixed Deposit accounts

There are two types of fixed deposit accounts available to you as a KCB M-PESA Account holder. They include

  • Fixed Savings Account
  • Target Savings Account

Fixed Savings Account

This Account allows you to lock a specific amount of cash for a certain period of time.

How does it work?

  • You will not be able to top-up to the amount saved.
  • Locked periods include 1, 3, 6, and 12 months with minimum amount of Kshs.500.
  • Upon early or premature redemption, you will forfeit all interest accrued.
  • You get cash back immediately to KCB M-PESA account on prompting cash back
  • You also get Life insurance benefit based on fixed deposit savings.

Target Savings Account

This account allows you to set a target and make deposits towards achieving that target.

How does it work?

  • You will top up continuously until you achieve your target.
  • The account is accessible with standing orders from M-PESA or KCB M-PESA Account
  • You can choose from target periods of 1, 3, 6 and 12 months with minimum contribution of Kshs.50.
  • You will also earn interest on cumulative interest
  • You are allowed up to 4 withdrawals within target lock period to maintain interest.
  • You will get cash back immediately to your KCB M-PESA account on prompting cash back
  • You benefit from exciting Interest rates of 1 month (3%), 3 months (4%), 6 months (5%) and 12 months (6%)




With M-Shwari, you are  also entitled to affordable emergency loans.

Watch this video to see how M-Shwari can improve your life.

M-Shwari is a paperless banking service offered through M-PESA. It will:

  • Enable you open and operate an M-Shwari bank account through your mobile phone, via M-PESA, without having to visit banks or fill out any forms.
  • Provide you the ability to move money in and out of your M-Shwari savings account to your M-PESA account at no charge.
  • Give you an opportunity to save as little as Ksh.1 and earn interest on your saving balance. This cash is moved into the savings account via M-PESA.
  • Enable you to access micro credit product (loan) of a minimum of Ksh.100 any time and receive your loan instantly on your M-PESA account.

This is a product for everyone who feels that banking should be hassle-free. No forms to fill in, no branches to visit. Just one click on your phone and you have a savings account!

Now you can get going, Lainisha maisha na M-Shwari.


Lastly, I would like to mention that I prefer KCB M-PESA Account over M-Shwari simply because even after transacting with M-Shwari for over a year, my loan limit has reached Shs 1,500 ONLY. The KCB M-PESA Account however, even before I do any transaction on it, has already made me eligible for a Kshs 10,000 loan without security.

PS: Remember to go through the terms and conditions of the two products available here for KCB M-PESA Account and here for M-Shwari.

Odipo Riaga1827 Posts

Film Director, Tech and Business Blogger, Chess Player, and Photographer. God is Science.


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