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With the help of Hello Money services, Absa Bank enables direct transfers from your account to mobile money. It’s simple to send money, purchase airtime, transfer money, and purchase electricity from your mobile device with Hello Money.
To transfer money from your Absa bank account, you must sign up for Hello Money, add a beneficiary, and then send money to the beneficiary.
In this article, we list the steps to follow when you want to transfer funds from your Absa bank account to mobile money.
How to register and use Hello Money services
- Dial *233#.
- Choose a language (Swahili or English).
- Make the self-registration choice.
- Enter your Account number
- To accept the terms and conditions, press 1.
- Please enter your birthdate exactly as stipulated.
- Then key in the requested card number digits.
- Enter the Date of expiration of your debit card.
- You will receive a confirmation screen that your registration was accomplished.
- You will receive a temporary mobile banking pin by SMS on your phone.
How to add a beneficiary on Hello Money
- Dial *233#.
- Enter your PIN.
- Select the ‘M-Wallet’ option from the list.
- Choose the option of Funds Transfer to Airtel Money or MTN Mobile Money.
- Choose whether to send money to your phone number or a different one.
- Select option 3 which is; New Beneficiary.
- Choose your preferred Mobile Money Operator.
- Input beneficiary mobile number.
- Then, press 1 to confirm.
How to transfer money from your Absa bank Account to your Mobile Money Wallet
- Dial *233#.
- Choose the ‘M-Wallet’ option from the list.
- Choose Funds Transfer to “Airtel Money” or “MTN Mobile Money”.
- Choose whether to send money to your phone number or a different one.
- Choose whether this transfer will be made once only or to an existing beneficiary.
- Enter the customer’s mobile number.
- Enter the money you wish to transfer.
- Decide which account should be debited.
- To complete the transaction, press 1.
Bank to Wallet Transactions (Pull Transactions)
| Tier | Charges |
|---|---|
| UGX 500 – UGX 5000 | UGX 1,500 |
| UGX 5,001 – UGX 60000 | UGX 1,500 |
| UGX 60,001 – UGX 125000 | UGX 2,100 |
| UGX 125,001 – UGX 500,000 | UGX 2,600 |
| UGX 500,001 – UGX 1,000,000 | UGX 3,700 |
| UGX 1,000,001 – UGX 2,000,000 | UGX 4,700 |
| UGX 2,000,001 – UGX 3,000,000 | UGX 10,000 |
| UGX 3,000,001 – UGX 4,000,000 | UGX 10,000 |
| UGX 4,000,001 – UGX 5,000,000 | UGX 10,000 |
Conclusion
With the above information, you can send money conveniently from your Airtel Money or MTN Mobile money directly to your Absa account.
You can now easily register and complete these transactions as well as others using Hello Money.
