Standard Chartered rolls out its wallet To Bank Service
Standard Chartered Uganda has today started rolling out its Wallet to Bank service on both smartphones and feature-phones. The banks joins other banks to offer this service and it will allow its customers transfer funds from existing mobile money accounts directly to their bank accounts. Standard Chartered customers who use the bank’s mobile application already have this feature on the fly.
There is no need to register for the service, it’s plug and play. However if you need to add another Mobile number outside what is already registered with the Bank , you are advised to visit any of bank’s branches. Customers can only transfer a minimum amount of Ugx.5,000 and Maximum Ugx.5,000,000 and the service is only available on Airtel and MTN networks.
There will be no Bank charges for this transfer into Bank account as charges will only be applicable by networks on your wallet account. Service is available for both individual and business clients.
How to accessing the Service
• Dial *185# or *165# on either Airtel or MTN
• Select Financial Services
• Airtel: Input Options: 1,& 9
• MTN: Input Options: 1, 00, 00 & 20
• Enter your account number & Amount to transfer
• Enter your Mobile Money PIN to confirm
Last year, Standard Chartered Bank and MTN Uganda Limited signed an agreement to allow MTN Mobile Money collections for Corporate and Business clients directly into their Standard Chartered Bank accounts on a real time basis. This solution was dubbed Straight2Bank Wallet Collections and delivers through the Bank’s Straight2Bank electronic banking platform.
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