How to Transfer Money from Mobile Money (Airtel & MTN) to Bank Account

Transfer Money from Mobile Money to bank
PC: Google
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In this article, we explore ways a mobile money user can transfer his or her money mobile money to bank account for both MTN & Airtel in Uganda.

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MTN & Airtel launched the deposit into bank account service for select few banks in Uganda as we shall see. This service will allow you to take the money you have on your mobile money wallet and deposit it onto your bank account seamlessly without necessarily having to go through the hustle of withdrawing money and going to bank.

In the section below, we go through the simple steps of transferring mobile money to a bank account for MTN & Airtel Money.

Contents

Transfer Money from MTN Mobile Money to Bank Account

Option 1: Using MTN MoMo

  1. Dial *165#
  2. Select option 6, Financial Services
  3. Under Financial Services, Select Option 1, Bank Deposit
  4. Then select bank of your choice from the list
  5. Enter your account number
  6. Enter amount you want to deposit
  7. Confirm transaction using your mobile money pin
  8. You’ll receive an SMS notification once the transaction has been successful.
Transfer Money from MTN Mobile Money to Bank using MoMo - UgTechMag.Com

Option 2: Using MTN MoMo App

To transfer money from your MTN mobile money account to bank account using MTN MoMo App, follow the procedures described below:-

  1. Open your MTN MoMo App
  2. Tap the send button
  3. Select option Bank transfers
  4. Select Bank Deposit
  5. Choose your bank from the available list
  6. If your MTN number is associated to that bank, you’ll see your bank account, tap on it
  7. Enter how much you need to transfer and tap Transfer button
Transfer money to bank from mobile money using MTN MoMo app

Transfer Money from Airtel Money to Bank Account

Option 1: Using Airtel Money

  1. Dial *185#
  2. Select option 7, Financial services
  3. Under Financial Services, Select option 1, Banks
  4. Select Bank of Your choice from the list
  5. Enter your account number
  6. Enter the amount you want to deposit
  7. Confirm the transaction with your mobile money pin
  8. After the transaction is successful, you’ll receive an SMS notification
Transfer Money from Airtel Money to bank account - UgTechMag.Com

Option 2: Using Airtel Money App

  1. Open My Airtel App
  2. Go to Mobile Money
  3. Tap Send Money
  4. Select Bank Tab & search for your bank
  5. Enter Account Number and click Proceed
  6. Enter Amount you want to deposit to your bank account
  7. Select Payment Option, Airtel Money, and confirm the transaction with your airtel money pin.
  8. You’ll receive an SMS notification once your transaction is successful.
Transfer Money from Airtel Money to bank using airtel money app