Account holders of 13 banks can transfer money to Nagad wallet for free

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Customers of 13 commercial banks can now transfer money from their accounts to the digital wallet of Nagad, the mobile financial services arm of Bangladesh Post, for digital services from the comfort of their homes in the middle of the city. coronavirus epidemic, according to a press release.

No additional cost will be charged for installation, while it will also be possible to add money to Nagad wallets for free from all Visa and MasterCard issued in Bangladesh.

Nagad has deployed the service with Midland Bank, Exim Bank, Mutual Trust Bank, First Security Islami Bank, Community Bank, Shahjalal Islami Bank, NRB Bank, Social Islami Bank, Premier Bank, IFIC Bank, Union Bank, NRBC Bank and National Bank.

Nagad will soon conclude similar agreements with several other banks.

The limit set by the Bangladesh Bank will apply in case of adding money to the Nagad wallet.

To transfer money to Nagad wallet from bank accounts, customers need to add the beneficiary account first.

For this, customers must enter the add money icon of the Nagad application, then access the “Bank to Nagad” option and add the names of the banks. The banks’ online banking portal (app or web) will display the option “add beneficiary” or “manage beneficiary” under the funds transfer option or “the transfer to Nagad option”.

Customers then need to add the Nagad number where they want to transfer the funds from the bank account.

You only need to add the beneficiary wallet number once to bring money into a Nagad wallet.

After selecting the beneficiary number in the application, the page will display the options “bank debit” or “from account”.

Customers will choose the option at their convenience and enter the amount.

Customers will receive a one-time password (OTP). After confirming the OTP, customers will receive an SMS notification of a successful transfer. – New Age

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