From now on, customers of Standard Bank Limited will be able to transfer fund instantly from their mobile banking app 'SBL DigiBanking' to any bKash account from anywhere.
This "Fund Transfer" service has officially been inaugurated today at the Head Office of Standard Bank Limited, said a press release.
With this latest integration, a total of 24 banks in the country are now connected to the largest 'Add Money network' of bKash.
The facility of instant money transfer service from banks' app or internet banking to bKash account has enabled more than 50 million bKash users to enjoy convenient transactions 24/7 across the country. Besides availing Cash In service from 240,000 agents across the country, customers can also Add Money to their bKash accounts from any place at any time.
To transfer fund, any SBL account holder needs the SBL DigiBanking app. In the app, there is an option named 'add beneficiary'. After adding bKash account as a beneficiary by filling up the necessary information, customer can transfer money instantly.
After opening the SBL DigiBanking app, customer needs to tap on 'Transfer to bKash' icon from the home screen. From the 'Add bKash Beneficiary' option, customer needs to enter the bKash account number, beneficiary name and OTP (One Time Password) code to add a beneficiary. Now, the customer needs to select 'Transfer to bKash' option, enter the sender's bank account number, bKash account number, beneficiary name, amount of money and narration. Then by tapping on the 'Submit' button and typing the OTP code, customer can transfer money to bKash account instantly.
Upon a successful transaction, the customer will get SMS notification. For transferring fund, cash in limit provided by Bangladesh Bank will be applied. There is no charge applicable for the customers to avail this service.
Khondoker Rashed Maqsood, managing director and CEO, MD Touhidul Alam Khan, additional managing Director, Mohammad Rafiqul Islam, deputy managing director, Sufi Tofail Ahmed, EVP and CITO, MD Ali Reza FCMA, CIPA, CFO and acting company secretary of Standard Bank Limited and Ali Ahmmed, head of strategy of bKash along with high officials of both the organizations were present at the inauguration ceremony.