Customers can now transfer money from their accounts with the country's major commercial banks to the digital wallet of Nagad, with no extra cost.
The mobile financial service arm of the Bangladesh Post Office made the announcement in a press release on Sunday, saying that this will allow the users avail of digital services from the conveniences of their home amid the coronavirus pandemic.
Also, there is the opportunity to add money to Nagad wallets free of cost from any Visa and MasterCard cards issued in Bangladesh, reads the press release.
Nagad, the country's second-largest mobile financial service has rolled out the service quickly with 13 banks considering the convenience of the customers. The banks are Midland Bank, Exim Bank, Mutual Trust Bank, First Security Islami Bank, Community Bank, Shahjalal Islami Bank, NRB Bank, Social Islami Bank, Premier Bank, IFIC Bank, Union Bank, NRBC Bank, and National Bank.
The customers of these banks can add money from their bank account to Nagad wallet at any time.
Tanvir A Mishuk, managing director of Nagad, said, “Nagad has been working to make people's lives easier since its inception. As a continuation, the facility of bringing money free of cost from various banks to Nagad wallets has been launched.”
“At a time when banks are providing a limited range of services because of the pandemic, the service of adding money easily to Nagad wallets has given much-needed relief to many customers in securing day-to-day financial services. We are working to ensure that customers of all commercial banks in the country have access to add money to their Nagad wallets from bank accounts,” he added.
The limit set by Bangladesh Bank will be applicable in case of adding money to Nagad wallet.
Besides, in case of emergency, customers can go to more than two lakh Nagad entrepreneur points spread across the country and cash out funds at the lowest cost by following hygiene rules.
