Isn’t it great to be able to withdraw money from bank account to your mobile money number and vice versa? Yes it is. At the end of the month when salary has hit the account and Toto in the village wants to upgrade her solar panel, it would be convenient to send money from your bank account straight to phone number .
Unfortunately, currently no bank other than Barclays supports sending money directly from a bank account to any mobile phone number. You have to withdraw money from you bank account to your mobile wallet and then to her mobile phone. When you want to get mini loans, browse around this site.
A number of banks in Uganda have partnered with Mobile money networks to allow this integration. MTN Uganda Mobile money and Airtel Money subscribers can withdraw money from partner banks to their mobile wallets as well as send money from their mobile wallets to their bank accounts. Really cool.
Related Post: Bank to Mobile money transfers in Uganda: Here’s how to bank like a pro
For this to work, you have to be a registered user at both the mobile money network and the partner bank. Here’s a complete list of banks in Uganda that support sending and withdrawing of money from MTN Mobile money and Airtel Money networks;
MTN Mobile Money partner banks
- Bank of Africa
- Centenary Bank
- DFCU
- Finance Trust Bank
- Housing Finance
- Opportunity Bank
- Post Bank
- Pride Microfiance
- Stanbic Bank
- UgaFode
- Standard Chartered bank
- Barclays bank Uganda
Airtel Money partner banks
- Equity Bank
- Centenary Bank
- Pride Microfiance
- Opportunity
- DFCU
- Bank Of Africa
- Stanbic
- NC bank
- Finance Trust
- Housing Finance
- Finca
- KCB
- DTB
- Barclays bank Uganda
Prominent banks such as UBA, Barclays, Standard Chartered are notoriously missing in action. You can take a look at this post for all USSD short codes for all the banks in Uganda. If you have transacted from your bank to your mobile wallet, let us know your experiences in the comments below.
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