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Do you want to transfer money from your Stanbic bank account to mobile money? Well, it is possible although the money will only be attached to the mobile number rather than the mobile money account. Here is how you can transfer money from a Stanbic account to mobile money.
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Contents
Charges & Costs
- No withdrawal charges
- Sending fee of Ugx 1,500
Transfer Money from Stanbic Account to Mobile Money
Using Mobile banking:
- Dial *290#
- Select Instant money
- Select Purchase voucher
- Select Account Number to pay from
- Enter voucher Amount
- Enter beneficiaries cell phone number, starting with 256
- The Instant Money purchase confirmation screen will be displayed
- Select 1 to confirm transaction.
- The recipient will receive a 13-digit voucher number and you (the sender) will receive a pin number which you will share with the recipient so that he can redeem the funds.
Using Online banking:
- Login to Internet Banking and select ‘Payments’
- Select ‘Purchase Instant Money Voucher’
- Select the account you want to send from
- Enter the amount you wish to send
- Enter the recipient’s cellphone number
- Enter the One Time Password sent to you by Stanbic Bank via SMS
- Confirm the details for the Instant Money Voucher transaction, and finally confirm the payment.
- The recipient will receive a 13-digit voucher number and you (the sender) will receive a pin number which you will share with the recipient so that he can redeem the funds.
Read Also: Here’s a List Of Mobile Banking Apps in Uganda
How to Withdraw Money
- Visit your nearest Stanbic Bank ATM
- Select “Cardless Services”
- Select “Language Option”
- Select Instant Money
- Enter your Cell Phone Number
- Enter the 13-digit reference number that has been sent to your cellphone
- Enter the 6-digit PIN code which issuer shared with you
- Select “Yes” to confirm Instant Money Voucher transaction
- The cash will be paid out to you (remember, only the full amount can be withdrawn) and remember to take your receipt.