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How to transfer money from PalmPay to your bank account

 

Palmpay: Transfer money to your bank account

Introduction

You may be wondering how to transfer money from PalmPay to your bank account. Well this article would cater to that exact need. In the following sections, we would be showing you the steps to take to transfer money out of your Palmpay to your bank account otherwise known as making a Palmpay withdrawal from your account. 
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One thing to note about Palmpay withdrawals or transfer is that you could either do it from inside the Palmpay app or you could transfer with ussd. We’d be showing you both ways in the following sections

How to Transfer Money from PalmPay to your Bank account Using USSD

  1. Dial *652# on your phone.
  2. Choose “Transfer” from the menu.
  3. Enter the recipient’s account number.
  4. Pick the recipient’s bank from the list.
  5. Input the transfer amount.
  6. Enter your PIN to authorize the transaction.
  7. Review the details and confirm.
  8. Receive a confirmation once the transfer is successful.
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How to Transfer Money from PalmPay to your Bank account Using the App

  1. Log in to the app and select ‘Wallet.’
  2. Add your bank account details.
  3. Top up your wallet using card, bank transfer, or your added bank account.
  4. Pay for goods and services by selecting the payment method and entering the amount.
  5. To withdraw money, choose ‘Pay Shop/Withdraw Money,’ enter the amount, and follow instructions.
  6. Withdrawals take a few minutes and can be collected from a PalmPay POS Agent.

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How much does Palmpay charge for withdrawals and transfers?

PalmPay offers low fees for money transfers and withdrawals. Generally, withdrawing money to your bank account is free. Link your bank account to PalmPay, transfer money, and withdraw from a bank ATM at no charge. 

Alternatively, use PalmPay’s partner POS agents for withdrawals, with a fee starting from NGN100, depending on the amount. Keep in mind that withdrawal charges may change, so check the app for the latest information.

Note: Always check for the latest withdrawal fees on the PalmPay app before transactions.

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Conclusion

Palmpay is one of the most popular fintechs in Nigeria and it allows different methods to transfer money out. In this article, we’ve shown how to transfer money from palmpay to your bank account with both methods. 

Thanks for reading this article. Please feel free to leave a comment if you have any questions. Also, you’re welcome to join our growing community where we talk about finance and topics related to it. 

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