Integrated transaction service has been launched between bKash and private sector financial institution, AB Bank Limited to facilitate two-way fund transfer.
Now, the customers of AB Bank can add money instantly to any bKash account without any charge, a press release said on Tuesday.
They can transfer money from bKash to AB Bank account anytime as well.
AB Bank and the mobile financial services provider, bKash, jointly inaugurated the linked account service at the bank's head office on Tuesday.
AB Bank Deputy Managing Director Syed Mizanur Rahman and bKash Chief Commercial Officer Ali Ahmmed along with other high officials of both the organisations were present on the occasion.
To avail this integrated service, customers first need to select 'Add Money' or 'Transfer Money' option from the home-screen of bKash app and find 'Bank Account' option.
Later, they have to set up a link between bKash and AB Bank account by providing a few essential information after tapping on 'AB Bank'.
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The registered mobile number of both the accounts should be the same while setting up the link.
Once the link is established, money can easily be transferred from AB Bank account to bKash account through the 'Add Money' service of bKash app.
In addition, customers will be able to deposit money, pay DPS and loan instalments through bKash app's 'Transfer Money' service without going to the bank.
After every successful transaction, customers will receive SMS notification. For both these services, the transaction limit set by the Bangladesh Bank will be applicable.
Opening its first branch in Karwan Bazar on April 12, 1982, AB bank has established 105 branches till now, including one overseas branch in Mumbai, India. It also has more than 250 ATM booths and 165 agent outlets across the country.
With this latest integration, 62 million bKash customers can now add money from the accounts of 36 leading commercial banks of the country to their bKash accounts seamlessly. Likewise, they can instantly transfer money from bKash to any account of nine banks, read the release.
After brining money to bKash account through the Add Money service, customers can avail wide range of bKash services, including Send Money, Mobile Recharge, utility bill payment, merchant payment, donation to various organisations, school-college salary payment, bus-train-air-launch and movie ticket purchase and various online registration fee payment in a secure, convenient and hassle-free way.
They can also Transfer Money back to their bank account from bKash. This two-way transaction service empowers the customers and provides them with more freedom in their financial transactions.
