How to send money to the Bank from a Digital Wallet?

The advancement in the banking system has resulted in reducing bank visits drastically. The most crucial development among various facilities is emergency fund transfers. You can conveniently use mobile banking and transfer money from your account to another anywhere at any time. Further integration of digital wallets in bank transfers is making a remarkable impact. 

Most of the time, money is loaded from the Bank to a digital wallet, and almost everyone knows about it. But some people question, “How to send money to the bank from a Digital wallet?” So, let’s cover this question in detail in this blog.

How to send money to the Bank from a digital wallet?

Let’s dive into the step-by-step process of how digital wallet users can send money from their digital wallet account to their desired bank account

1. Log in to your Digital Wallet

Open your digital wallet App on your mobile phone and enter your credentials to log in. 

2. Tap on Bank Transfer 

Click on the bank transfer button. 

3. Enter the required details and tap to check the transfer

You must fill in your details with the amount you wish to send to the bank account. You must accurately enter the destination bank, bank account number or mobile number, account holder’s name, amount, purpose, and remarks. 

4. Recheck your details and click proceed

Before proceeding to complete the transfer, you need to recheck the details to ensure all the details are correct. 

5. Enter your MPIN/Fingerprint to complete the bank transfer process

The final step to complete the transfer of the money is to enter your secret MPIN. And this is a quick way to send money to the bank from e-Sewa, Khalti, etc.

How to link Bank Account in the digital wallet?

The fastest way to load your bank with money is to link your bank account to the digital wallet. By linking your bank account to a digital wallet, you can get an instant digital wallet transfer to your bank account; you will also get cashback. Moreover, 

Let’s look into the steps:

1. Log in to your digital wallet and go to “Load Money.”
2. Now, tap on “Link Bank Account.”
3. Select your Bank from the options.
4. Log in to your mobile banking.
5. You will receive an OTP to your mobile number. 
6. Enter the OTP and tap on “Pay.”
7. Now, your bank account is linked.

How Quickly will the money arrive at the Bank?

Every digital wallet sends money fast and conveniently to the bank. In fact, different ranges of  amounts can be transferred to your bank at different intervals. In general, you can send around a minimum of Rs. 1000 to a maximum of Rs 1 Lakh; however the minimum and maximum limits vary in different digital wallets.

How does NIC ASIA Bank work with the digital wallet?

NIC ASIA Bank is the leading Bank of Nepal, offering profit-yielding and convenient banking facilities, which includes opening saving accounts, digital cards, digital banking, iServe and many more. You can take the steps mentioned above to transfer your digital wallet money to NIC ASIA Bank and do your financial activities.

Also, you can avail the best banking facilities with NIC MOBANK App and enjoy various banking activities within one click. 

[Download the NIC MOBANK App]

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