Transferring money from an Equity Bank account to service provider platforms like MTN Mobile Money or Airtel Money is a seamless process, thanks to Equity Bank Uganda’s mobile banking services. This feature is crucial in Uganda, where mobile money is a cornerstone of the digital economy.
You can transfer money using the Equity Mobile app or the *247# USSD code. Both methods are secure and designed for convenience, catering to Uganda’s diverse user base.
How to transfer money from Equity Bank to Mobile Money in Uganda
Using the Equity Mobile App
- Open the app and log in using your PIN, fingerprint, or facial recognition. Ensure you’ve registered by providing your account number and national ID.
- From the dashboard, select “Send Money,” then choose “To Mobile Money.”
- Select the recipient’s network (e.g., MTN or Airtel), enter their mobile number, and specify the amount. Verify the recipient’s name to avoid errors.
- Enter your PIN to authorize the transfer. Funds are typically credited instantly, and you’ll receive a confirmation SMS.
Using USSD (*247#)
- Dial *247# using your registered phone number and enter your mobile banking PIN.
- Select “Send Money,” then “To Mobile Money.” Choose the network (MTN or Airtel), enter the recipient’s number, and input the amount.
- Confirm with your PIN. The transfer is processed immediately, with a confirmation SMS sent to both you and the recipient.
Fees and limits
Transaction fees vary based on the amount and network. For example, transfers to MTN Mobile Money or Airtel Money typically incur a small fee, which Equity Bank deducts from your account. Check the latest tariff guide on the Equity Bank Uganda website for details.
Transfer limits depend on your account type and the service provider’s restrictions, but most daily limits accommodate small to medium transactions for personal use.
The transfer process is fast and intuitive, with the app offering a smoother experience due to its visual interface and ability to save frequent recipients as favorites. USSD is ideal for users without internet access, especially in rural Uganda, but it lacks the app’s advanced features.
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