Fund Transfer from Shimanto Bank to bKash through mobile banking app “Connect”

March 03, 2021 Dhaka

From now, customers of Shimanto Bank Limited will be able to transfer fund instantly from their mobile banking app “SMBL Connect” to any bKash account 24/7 from anywhere. Account holders of the commercial bank run by Border Guard Bangladesh (BGB) will avail this service free of any charge. This jointly launched service will give regular customers as well as BGB members more flexibility and freedom to use their own accounts anytime they need.

To transfer fund, any Shimanto Bank account holder needs to add bKash account as beneficiary in the Connect app by filling up necessary information. Once added, customers can easily make transactions.

This “Fund Transfer” service has been jointly launched on 2nd March by Shimanto Bank and bKash. Muklesur Rahman, Managing Director and CEO of Shimanto Bank; Kamal Quadir, Chief Executive Officer of bKash and Kazi Saifuddin Munir, MD and CEO of IT Consultants Ltd along with other high officials of the organizations were present at the inaugural ceremony.

Customer can find the logo of Shimanto Bank Limited in the Add Money section of bKash app. Tapping on the logo will redirect customer towards 'Connect' app or app download link in Google Play Store or App Store.

After logging in to mobile banking app 'Connect', customer needs to go to bKash Transaction Menu from the home screen, select 'bKash Account Transfer' option, enter the sender's bank account number (Source), select bKash account number from beneficiary list, type amount of money and write Remarks. Then by tapping on ‘Submit’ button and typing the OTP code, customer can transfer money to bKash account instantly.

Upon successful transaction, customer will get SMS notification. For transferring fund from Shimanto Bank app to bKash, Add Money limit provided by Bangladesh Bank will be applied.

IT Consultants Ltd. (ITCL) is providing technological support to Shimanto Bank in this integration.

Established under the ownership of “Border Guard Bangladesh Welfare Trust”, the primary objective of Shimanto Bank is to provide banking facilities to the people of the country, including BGB members. As a commercial bank, Shimanto Bank is contributing to the economic progress of the country through the inclusion of rural people, general customers and small and medium enterprises. Shimanto Bank is working relentlessly with the mindset of taking the top place among the 4th generation banks and bringing techno-centric banking services to the doorsteps of the people.

With this latest bank integration, a total of 26 banks in the country are now connected to the largest Add Money network of bKash. The facility of instant money transfer service from bank account to bKash account has enabled 51 million bKash users to enjoy convenient transactions 24/7 across the country. Besides availing Cash In service from 240,000 agents across the country, customers are now enjoying to bring money from banks and avail the services like Send Money, Mobile Recharge, utility bill payment, offline or online merchant payment, donation to various organizations, payment of fees of educational institutions, purchasing tickets of bus, train, air, launch and movies, payment of various online registration fees, Cash Out, etc. These services have made their financial transactions secure, easy and hassle free.

However, customers can also Add Money to their bKash account from all Visa and MasterCard issued in Bangladesh.