MTN Mobile Money and your Bank.

We have enabled MTN Mobile Money customers who also have accounts with several MTN partner banks to deposit their MTN Mobile Money direct to their bank account from their phone​

Overview

​MTN has partnered with several banks and financial institutions to provide customers with a service that enables them to interact with their bank accounts while on the move.

You can transfer money to or from your bank account straight to your phone with MTN Mobile Money. This service guarantees customers both convenience, safety and a cost effective way of performing their financial transactions while saving time to engage in other activities.​


Benefits

  • Convenience - you no longer have to go into a banking hall to access your bank account. This service saves you the cost of travelling, and the hustle of queueing.
  • Flexibility - You can access your money from anywhere at anytime using your phone.
  • Security - the service reduces the need to carry physical cash and mitigates all the associated risks of carry cash around. Through encryption and the use of your private PIN, your identity and funds are protected. 



How it works

To transfer money from your MTN Mobile Money account to your bank account follow the steps below:

  • Dial *165#
  • Select 'Financial Services'
  • Select 'Bank Deposit'
  • Select the bank of choice
  • Follow the prompts.

     

    To withdraw money from your bank account to your Mobile Money follow the steps below;
  • Dial *165#
  • Select 'Financial Services'
  • Select 'Bank Withdrawal'
  • Select the bank of choice
  • Follow the prompts.



    Note: You have to register with your bank in order to use this service.
How much it costs

From Mobile Money to Bank Account

Amount (/-) Rates
5,000 - 30,000              1,000
30,001 - 60,000              1,000
60,001 - 125,000              1,000
125,001 - 250,000              1,500
250,001 - 500,000              2,000
500,001 - 1,000,000              3,000
1,000,001 - 2,000,000              4,500
2,000,001 - 4,000,000              5,500
4,000,001 - 7,000,000              5,500

 

Note: Please check with your bank for the rates to transfer from your bank account to Mobile Money.​

Download a copy of the rates here. ​


​MTN has partnered with several banks and financial institutions to provide customers with a service that enables them to interact with their bank accounts while on the move.

You can transfer money to or from your bank account straight to your phone with MTN Mobile Money. This service guarantees customers both convenience, safety and a cost effective way of performing their financial transactions while saving time to engage in other activities.​



  • Convenience - you no longer have to go into a banking hall to access your bank account. This service saves you the cost of travelling, and the hustle of queueing.
  • Flexibility - You can access your money from anywhere at anytime using your phone.
  • Security - the service reduces the need to carry physical cash and mitigates all the associated risks of carry cash around. Through encryption and the use of your private PIN, your identity and funds are protected. 




To transfer money from your MTN Mobile Money account to your bank account follow the steps below:

  • Dial *165#
  • Select 'Financial Services'
  • Select 'Bank Deposit'
  • Select the bank of choice
  • Follow the prompts.

     

    To withdraw money from your bank account to your Mobile Money follow the steps below;
  • Dial *165#
  • Select 'Financial Services'
  • Select 'Bank Withdrawal'
  • Select the bank of choice
  • Follow the prompts.



    Note: You have to register with your bank in order to use this service.

From Mobile Money to Bank Account

Amount (/-) Rates
5,000 - 30,000              1,000
30,001 - 60,000              1,000
60,001 - 125,000              1,000
125,001 - 250,000              1,500
250,001 - 500,000              2,000
500,001 - 1,000,000              3,000
1,000,001 - 2,000,000              4,500
2,000,001 - 4,000,000              5,500
4,000,001 - 7,000,000              5,500

 

Note: Please check with your bank for the rates to transfer from your bank account to Mobile Money.​

Download a copy of the rates here. ​