Below is a step-by-step guide on how to buy shares in Equity Bank.

Purchasing shares basically means purchasing a piece of the company, which entitles you to a portion of the company’s earnings in the form of dividends.

If you’re wondering how to buy equity shares, you’ve come to the right place because this article will walk you through the process.

So, whether you want to be a short-term investor or a long-term investor, keep reading to learn how to buy shares in equity bank.

Let’s get started…

 

How to buy shares in Equity Bank

Investing in an equity bank is as easy as ABC.

Equity shares can be purchased in two ways: through a stock broker or online.

To make payments, use the methods listed below:

• Cash or Money in your bank account
• Mpesa
• Bonga points

It is important to note that in the above cases, you will require an equity CDS account in order to purchase the equity shares (in fact, you cannot buy or sell NSE-listed shares in Kenya without a CDSC account).

And, opening a CDS account is the first step in beginning your stock market investment journey.

Also, it’s very simple and only takes a few minutes.

Before we get into each of the methods for buying shares, here is how to open an equity CDS account (a CDS account is an electronic account, like a bank account, where your shares are stored).

1. Visit any of the Equity Bank branches to fill out CDSC forms and the bank will facilitate transactions for you.
2. Present the following documents to your broker, which could be the equity bank or any of Kenya’s individual stock brokers.

 

• Two passport-size photos
• Original national ID or passport (or the original incorporation certificate if you are a company plus the individual IDs or passports of the directors and their passport-size photos).
• KRA Pin Certificate
• An equity bank account (the better if you have an existing one).
• Bank statement (some stock brokers ask for this or a utility bill).

After meeting the above listed requirements and creating an account, you will get your CDS account.

 

How to open an Equity CDS account online in Kenya

You can do so using any good online share trading mobile app, such as AIB DigiTrader (the app is available on Google Play store/Windows/Apple store).

Also, you can choose to use the USSD code *543#.

Here’s what you should do:

1. Dial *543# (it will take you to the AIB-AXYS capital platform).
2. Then, select “create a new trading account.”

Your CDS account number will be sent to you within 24 hours of submitting the required information.

• Ensure you use your CDS account information to register officially on the AIB-AXYS platform.
• Finally, you will be given a login name and password.

Dial *543# once more to activate your trading account; you will shortly receive an SMS message with your account PIN.

 

How to buy Equity Bank shares through stock broker (or through equity Bank)

Because you cannot buy or sell shares directly after opening a CDS account, you will need the assistance of a stock broker.

If you visited a physical broker, tell them you want to buy equity shares (and have your cash ready).

What follows is as follows:

1. Deposit money into your CDS account in the amount you want to invest. Your broker will provide you with information on the Mpesa paybill number to use.
2. Fill out an order form and submit it to your broker or equity bank.

That’s all there is to it; your broker will then execute your order, and the equity shares you just purchased will appear in your newly opened equity CDS account within two days.

Side note: It’s worth noting that the minimum number of equity shares you can purchase is 100, and orders are placed in multiples of 100 shares (that is 100,200,300…in that sequence).

 

How to buy equity bank shares online

Trading equity shares over the internet is also simple and much more convenient than making multiple trips to and from your stock broker or bank.

The good news is that you can pay online via online funds transfer from your bank account or Mpesa.

You can also buy shares through the Equity Bank online share trading option by visiting the bank’s self-service portal at https://selfservice.equitybankgroup.com/

Procedure:

1. Log in to your online stock trading app (AIB DigiTrader)
2. Fund the account with cash using any of your preferred payment methods.
3. To purchase shares, please click “buy shares.”
4. Go to “Equity shares.”
5. Enter the required quantity and, if necessary, the price limit.
6. Confirm your order.

All that remains is to wait a day or two for the order to be executed by the broker who owns the app or online trading platform.

 

Buying equity bank shares using Bonga points

You get Kshs. 1 for every 5 bonga points.

If you want to redeem your Bonga points and invest them in equity shares, the following trading participants can help you:

• AIB-AXYS
• ABC Capital
• NCBA Capital
• Old Mutual Securities
• Kingdom Securities
• Faida Investment Bank
• Sterling Capital
• Dyer and Blair Investments
• Francis Drummond and Company
• Suntra Investments

 

How to buy equity bank shares using bonga points

So, how do I use Bonga points to purchase equity shares?

Well, the steps are similar in that you must place the order via the app or the form and then wait.

However, you must first redeem the bonga points, and have them converted into Kshs.

To redeem your Bonga points, simply follow the steps outlined below:

• Dial *126#
• Choose the Lipa na Bonga menu.
• Choose the Pay Bill option.
• Click “Business Number” and enter the paybill number provided by your stock dealer and press OK.
• Fill in your CDS account number in the account number field, and then click OK.
• Enter the amount you wish to pay in Kshs, and then click Send.

 

How to buy shares in Equity Bank – FAQs

How long does it take to sell Equity Bank shares?

Equity bank shares trade quickly, and the transaction to sell the shares can be completed in two working days.

However, there is no guarantee that your shares will sell on the same day or in the exact manner in which you instructed your broker.

 

Summary of how to buy shares in Equity Bank

This article has guided you on how to buy shares in equity bank.

As previously stated, the primary requirement for purchasing Equity Bank shares is a CDS account. This account can be opened at any Equity branch or any other licensed stock brokerage and immediately begins trading.

Purchasing stock is now easier than ever.

Here are some few points to note down from the article:

• To purchase equity shares, you must have a CDS account.
• Equity shares can be purchased in multiples of 100 and the minimum is 100 shares.
• You can purchase equity shares by placing a manual order with your broker or online through your broker’s app or online trading platform.
• The shares you purchase are reflected in your CDS account within two days.

Congratulations on your investment!

 

ALSO READ:

How to buy KCB Bank shares

How to buy shares in Kenya: Step-by step guide

How to invest 1 million shilling in Kenya (Tips and Ideas)

How to make money from online Forex trading in Kenya

How to Sell Safaricom Shares in Kenya (procedure)