There’s a provision to transfer money from your mobile money wallet to your Absa bank account. Don’t know how it’s done? You’ve come to the right place.
We’ll be breaking down all the steps to follow when transferring money from your mobile money wallet to your Absa account.
Also very important is that for you to be able to make this transfer, you must first register for Absa online banking, otherwise you won’t be able to transfer your funds.
Here’s how to transfer money from MTN or Airtel money
Transferring from MTN to Absa account
- First, you dial *165# and press the call button.
- Next step, select an option that corresponds with Financial Services.
- Choose option 2, which is sending money to the Bank.
- On the list of financial institutions to send money to, a list of banks will appear. Scroll till you reach Absa Bank and click on it.
- Select the account from which you wish to make a withdrawal from the list of accounts presented on Hello Money that is connected to the mobile number.
- Enter the amount of money you wish to send.
- A notification will pop up showing the amount to transfer, the account number transferring, and the fee/charge.
- Enter your MTN Mobile Money Pin to confirm the transaction.
MTN Mobile Money Tariffs
| Amount (UGX) | Sending to the bank(UGX) |
| 5,001-15,000 | 1,500 |
| 15,001-30,000 | 1,500 |
| 30,001-45,000 | 1,500 |
| 45,001- 60,000 | 1,500 |
| 60,001-125,000 | 1,500 |
| 125,001-250,000 | 2,250 |
| 250,001-500,000 | 4,100 |
| 500,001-1,000,000 | 6,150 |
| 1,000,001-2,000,000 | 9,250 |
| 2,000,001-4,000,000 | 11,300 |
| 4,000,001-5,000,000 | 11,300 |
Transferring from Airtel Money to Absa account
- First, you dial *185# and then press OK.
- Next, select option 7, which is Financial Services.
- Then select option 1, Banks.
- Pick out the number that corresponds with the Absa bank option.
- Confirm and enter the account number you wish to use
- Enter the amount that you want to transfer.
- Lastly, confirm the transaction with Airtel Money Pin.
Airtel Money Tariffs
| Transaction range | Charges |
| 5,001 – 15,000 | 700 |
| 15,001 – 30,000 | 900 |
| 30,001 – 45,000 | 1,350 |
| 45,001 – 60,000 | 1,500 |
| 60,001 – 125,000 | 2,000 |
| 125,001 – 250,000 | 2,250 |
| 250,001 – 500,000 | 6,000 |
| 500,001 – 1,000,000 | 9000 |
| 1,000,001 – 2,000,000 | 13,500 |
| 2,000,001 – 3,000,000 | 16,500 |
| 3,000,001 – 4,000,000 | 16,500 |
| 4,000,001 – 5,000,000 | 16,500 |
Conclusion
Be sure to use the number associated with your Absa mobile registration before beginning the process of transferring money to your bank account. If you haven’t, then you must first register for online banking with ABSA Bank.
The steps above will guide you on how to transfer money from your MTN or Airtel money wallet to your Absa account.
