Summary
My mother lives in a distant village, and she needs immediate help. The good thing is that she has an MTN Mobile money account, I find myself on a challenge of how to efficiently transfer money from her Ecobank account to my mother’s Mobile money account, which was at kilometers away?
Luckily, you came across this article!
In this article we will give you two effective methods to carry out this financial transaction. If you are an Ecobank customer and the recipient is an MTN customer, this short guide will show you the way so that the money arrives quickly in the wallet mobile of your mother as was my case.
What is the quickest method to transfer money to mobile money?
Transferring money from Ecobank account to momo in Ghana, is a process that allows people to move money from Ecobank to MTN and vice versa.
This method is feasible, thanks in particular to an ecobank service called “Xpress cash”
What is Xpress Cash?
Xpress cash is a fast, easy-to-use banking service that helps you send with peace of mind without the need for a physical bank card.
This application helps you generate a unique 8-digit code, allowing you to make any transaction even online.
How to send money from Ecobank account to Momo in Ghana?
As, I said before, there are two effective methods to do this transaction. Here they are:
Method 1: Send money to MTN Mobile Money via Ecobank mobile app
To transfer to MTN Mobile Money from your Ecobank account, follow these simple steps:
1. To get started, make sure you are logged in to your Ecobank account using the mobile app.
2. Once logged in, you will be taken to the application’s home screen. Find the “Transfer” option and tap on it to start the process.
3. After selecting “Transfer“, you will see a list of available transfer options. Then click on “Mobile Money”.
4. If the recipient’s number is already saved in your directory, you will only have to select it from the contact list. Otherwise, you can choose “Send to new recipient” and enter their phone number and name. Be sure to provide accurate information to ensure your money arrives safely.
5. Once you have selected the beneficiary, a new page will open allowing you to choose the operator. In this case, opt for MTN Mobile Money. Next, enter the amount you want to send. Be sure to double check the amount to avoid any mistakes.
6. Before finalizing the transaction, take a moment to review all the information you have entered. Make sure the payee, operator, and amount are correct. Once everything is in order, confirm the transaction.
Method 2 : Money transfer from Ecobank to MTN mobile money via USSD code
If you need to transfer money from your Ecobank account to your MTN Mobile Money wallet using USSD code. Follow these steps below:
1. To get started, dial the USSD code *170#.
2. Then choose option number 5, which is for “Financial Services”
3. Then select option number 1, which concerns “Banking Services”
4. Now, among the banking services, choose option number 2 “Transfer from bank”
5. A list of Ghanaian banks will be displayed. Choose the bank that concerns you, in our case option number 8, which is Ecobank.
6. The next step is to choose the bank account you want to use for the transfer. This is only available if you have linked your MTN account to ecobank.
7. Now you will need to enter the amount you want to transfer. And you will be asked to put the MTN mobile money password.
8. You will receive a notification confirming the successful transaction from MTN mobile and also from ecobank
How to transfer money from MTN Mobile Money to Ecobank?
To transfer money from MTN to ecobank, there is one and only one method, it is through the USSD code. Here are the key steps you need to know:
1. First dial *170# on your mobile phone.
2. Then choose option number 5, which is dedicated to “Financial Services”
3. Tap option 1 for “Banking Services”
4. Select choice 1 “Transfer to the bank”
5. Choose option number 8, which corresponds to Ecobank, your destination bank.
6. Your account numbers and name will appear (in case you have linked more than one account)
7. Select the account number you want to transfer to.
8. Enter the amount you want to transfer to your bank account.
9. You must confirm the transaction with your mobile money account password.
10. Finally, you should receive a notification confirming the transfer of the specified amount to your Ecobank account.
Frequently asked Questions
Can I link multiple bank accounts to my MTN Mobile Money wallet?
Yes, you have the option to link multiple bank accounts to your MTN Mobile Money wallet.
Are there any fees associated with transferring money from MTN Mobile Money to Ecobank?
Fees associated with this type of transfer may vary depending on your mobile operator and agreements between MTN Mobile Money and Ecobank.
How long does it take for the transfer to complete?
Transfers from MTN Mobile Money to Ecobank are typically processed in real-time, meaning you should see the funds transferred to your Ecobank account almost immediately.
What are the benefits of linking my Ecobank account to MTN Mobile Money?
One of the main advantages is the fact that you can manage your funds more flexibly, whether in your bank account or in your mobile wallet.
Conclusion
To conclude, fortunately my mother was able to get her money on time as I actually used the features that allow ecobank customers to send money to MTN mobile money in Ghana.
Thank you for reading this article written by Mavie makiese.
If you are an Ecobank customer or considering becoming one, it’s time to take advantage of this solution for smoother transactions.
