In this article, we will take a look at the simple steps on How to Transfer Money From Momo to Your Ecobank Account. Read the article to the end and you will not be disappointed.
MTN Mobile Money is the most used mobile wallet in Ghana with over 69.1 million total subscribers as of 2023 according to Statista. MTN Ghana has made it easier for their customers to seamlessly transfer money from their mobile money wallet into their bank accounts after integration.
Let’s take a look at how to transfer money from Momo to your Ecobank account.
How To Transfer Money From Your Momo to Your Ecobank Account
To be able to transfer money in and out of your mobile money wallet to a bank account, one needs to link the mobile money wallet to the bank account. This is a crucial step that cannot be left out.
To do this you must first ensure that you have Mobile banking activated on your bank account at your bank ensuring that your bank account is well integrated into your Mobile Money account.
This can be done at any Ecobank branch in Ghana with a valid Ghana card and your bank account details.
READ ALSO: All You Need to Know About E-SIM for MTN Ghana Customers.
How To Transfer Money From Momo to Your Ecobank Account
- Dial *170# to access the Mobile Money portal on your phone.
- Dial option 5 for Financial Services
- Then select 1 for Banking Services
- Select Option 1 to Transfer money to your bank account
- Select 8 to choose Ecobank from the list
- Select your bank account details from the options available. If it’s just one, then select Option 1.
- Enter the amount you wish to transfer.
- Review the transaction details and enter your password to confirm.
Once successful, you should receive a notification indicating that you have successfully transferred money to your bank account.
SEE ALSO: A Handy Guide: USSD Codes for Banks in Ghana.
How To Transfer Money From Your Linked Bank Account to Momo
- Dial *170# to access the Mobile Money portal on your phone.
- Dial option 5 for Financial Services
- Then select option 1 for Banking Services
- Select Option 2 to Transfer money from your bank account
- Select option 8 for Ecobank
- Select your bank account details. If it’s just one account, then choose option 1.
- Enter the amount you wish to transfer from your account.
- Review the transaction and enter your Momo PIN to confirm.
SEE RELATED: How To Pay Electricity Bills Using MTN MoMo.
How To Transfer Money From Your Mobile Money Account To Another Bank Account
There are times that you would like to make payment to someone and the person requests that you pay into their bank account. However, the money is actually in your Mobile Money wallet. So, how do you send money to the person without having to withdraw it first?
- Dial *170# on your phone to access the Mobile Money portal
- Select option 1 to Transfer money
- Select Option 6 for Bank Accounts
- Select option 1 for Wallet to Bank Account
- Select option 8 for Ecobank.
- Enter the account number of the recipient
- Enter the amount you want to transfer
- Review the transaction details and enter your password to confirm.
READ ALSO: UPDATED LIST: AirtelTigo Ghana Shortcodes.
Conclusion
Mobile Money is an integral part of the business ecosystem in Ghana. Since its introduction many years ago, Mobile Money has been widely used by all groups of people in the country. It is used to send and receive money amongst account holders.
However, this is not the only way in which Mobile Money accounts can be used. They can be used to transfer money from and to bank accounts as well.
Source: 247Hitz.Com – How to Transfer Money From Momo to Your Ecobank Account
