Sonali Bank customers get fund transfer thru bKash

Staff Correspondent

1 March, 2021 12:00 AM printer

Sonali Bank customers get fund transfer thru bKash

From now, Sonali Bank customers can do their banking transactions through bKash app 24/7 from any place allowing them two way fund transfer facility between bank and bKash.

Sonali Bank in partnership with mobile financial service provider bKash, inaugurated the two-way (bank to bKash ‘Add Money’ and bKash to bank ‘Transfer Money’) instant fund transfer service recently at a hotel in the capital, said a press release.

The joint service aims to uplift people’s living standard through digital financial inclusion which is another step towards the realization of Digital Bangladesh.

Some 25 million customers of 1225 Sonali Bank branches can experience seamless, secure, time-saving and cost-effective banking services.

State Minister for Information and Communication Technology Zunaid Ahmed Palak was present as the chief guest at the event.

Senior Secretary of the Financial Institutions Division of the Ministry of Finance Md Ashadul Islam and Chairman of the Board of Directors of Sonali Bank Ziaul Hasan Siddiqui, were present as special guests.

Chief Executive Officer of bKash Kamal Quadir was also present at the event.

Speaking at the inaugural ceremony, Zunaid Ahmed Palak said, “Such a joint venture between the two largest public and private financial service providers has undoubtedly paved the way for ensuring digital financial services in every sphere of life and thus enhancing financial inclusion.”

"This initiative of Sonali Bank and bKash will play a pioneering role for establishing a cashless society," said Md Ashadul Islam.

Ziaul Hasan Siddiqui said that customers would be able to cash out from the nearest bKash agent points after doing bank to bKash add money anytime and also transfer money from bKash to Sonali Bank account as per their need.

In addition, CEO and MD of Sonali Bank Md Ataur Rahman Prodhan, said, “This digital integration of Sonali Bank with bKash has created an opportunity for bringing more diverse financial services to cater the emerging needs of customers.”

Chief Executive Officer of bKash Kamal Quadir said, “Through our integration with the customer-friendly largest state owned commercial bank, customers of bKash and Sonali Bank will be benefited as they can avail the services of both the organisations.”

Customers can easily link their Sonali Bank account credentials with bKash app in few simple steps.

Through Transfer Money service, customers can avail services like payment of DPS or loan installments, depositing money to bank account, etc. from home.

For both services, the ‘limit’ set by Bangladesh Bank will be applicable.

Other high officials of Bangladesh Bank, Sonali Bank and bKash were also present at the event.