Fund Transfer from Standard Bank to bKash through SBL DigiBanking app

February 09, 2021 Dhaka

 From now, 6.5 lakh customers of Standard Bank Limited will be able to transfer fund instantly from their mobile banking app “SBL DigiBanking” to any bKash account 24/7 from anywhere.

This "Fund Transfer" service has officially been inaugurated today at the Head Office of Standard Bank Limited. Khondoker Rashed Maqsood, Managing Director and CEO; Md. Touhidul Alam Khan, Additional Managing Director; Mohammad Rafiqul Islam, Deputy Managing Director; Sufi Tofail Ahmed, EVP and CITO; Md. Ali Reza FCMA, CIPA, CFO and acting Company Secretary of Standard Bank Limited and Ali Ahmmed, Head of Strategy of bKash along with high officials of both the organizations were present at the moment.

To transfer fund, any SBL account holder needs to add beneficiary first. After adding bKash account as beneficiary by filling up necessary information, customer can transfer money instantly. Once added, customers can make next transactions easily.

Customer can find the logo of Standard Bank Limited in the Add Money section of bKash app. Tapping on the logo will redirect customer towards SBL DigiBanking app or app download link.

After opening SBL DigiBanking app, customer needs to tap on ‘Transfer to bKash’ icon from the home screen. From ‘Add bKash Beneficiary’ option, customer needs to enter bKash account number, beneficiary name and OTP (One Time Password) code to add beneficiary. Now, the customer needs to select 'Transfer to bKash' option, enter the sender's bank account number, bKash account number, beneficiary name, amount of money and narration. 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 SBL DigiBanking app to bKash, Cash In limit provided by Bangladesh Bank will be applied. There is no charge applicable for the customers to avail this service.

With this latest bank integration, a total of 24 banks in the country are now connected to the largest Add Money network of bKash. The facility of instant money transfer service from banks’ app or internet banking to bKash account has enabled more than 50 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 can also Add Money to their bKash accounts from any place at any time. The largest network of commercial banks empowers bKash users with utmost freedom over their money.