Sanlam Investments East Africa offers three unit trust of which Pesa+ provides the lowest risk for investors. Pesa+ is a money market fund similar to other popular offerings in the market such as those from CIC, UAP Old Mutual, Zimele and Britam just to mention a few.
Pesa+ investors have the option to deposit funds to their accounts either through Bank Deposits or through M-PESA.
The M-PESA option works by sending money Sanlam’s paybill number. Alternatively, investors can transfer the funds direct to the Sanlam Unit Trust account using Stanbic Bank’s paybill.
The difference between the two is that the Sanlam paybill attracts paybill charges whilst the bank paybill has no charges at the time of this writing. Using the bank paybill will however require one to inform Sanlam of the deposit unlike the default paybill which includes the member number. This is also the case when depositing funds to the CIC Money Market Fund using M-PESA.
Let’s take a look at both methods.
Option 1: Deposit Funds using Sanlam’s M-PESA Pay Bill
- Go to your M-PESA menu and select the Lipa na M-PESA option.
- Select the Pay Bill option.
- Select Enter business no. and enter the paybill number 888111.
- In the Account Number enter your Pesa+ Member Number.
- Next, enter your M-PESA Pin to confirm the transaction.
- You’ll then get an SMS from Sanlam confirming that you’ve successfully topped up your account. It may however take a few days for the amount to reflect in your account which you can check via the Sanlam Unit Trust app or the client portal.
Option 2: Deposit Funds using Stanbic Bank M-PESA Pay Bill
- Go to your M-PESA menu and select the Lipa na M-PESA option.
- Select the Pay Bill option.
- Select Enter business no. and enter the paybill number 600100.
- Next, enter 0100003738118 which is the Sanlam Unit Trust Account number at Stanbic Bank.
- Enter your M-PESA Pin to confirm the transaction.
- You’ll then receive a confirmation SMS from M-PESA and from Stanbic Bank.
- Forward these two SMS to Sanlam’s customer care email address at [email protected] informing them of the deposit. Include details of your member number and/or ID number.
- Your deposit will be acknowledged and a purchase confirmation will be sent to your email once the funds are located.
