Buzz
Using the MoMo e-wallet, you not only get support for buying phone cards, paying bills, ordering food online, buying movie tickets, plane tickets, etc., but you can also transfer money quickly 24/7, anywhere, anytime to other MoMo users or to 45 domestic banks. Specific ways to transfer money on MoMo are shared in the following article.
Quick and Convenient Money Transfer from MoMo to Others, to Different Banks
Here are the detailed steps you need to follow:
Step 1: Launch the MoMo app on your phone, log in to your MoMo account using your phone number and personal password.
If you haven't installed MoMo yet, you can download it from the following link:
- Download MoMo for Android
- Download MoMo for iPhone
Step 2: On the main screen of the MoMo app, tap on 'transfer money' then select 'transfer to MoMo wallet'
Step 3: Enter the phone number you want to transfer money to in the search box. At this point, the screen will display the MoMo account information associated with the searched phone number. Additionally, you can also select the recipient on MoMo from the suggested list of frequent transaction recipients below.
Step 4: Enter the amount you want to transfer along with a message and press send money. On the payment interface on MoMo, review the transaction information, press 'confirm'. Next, enter your personal transfer password to complete the transaction process.
Now you can transfer money from MoMo to MoMo. Additionally, if you encounter spam messages while using this e-wallet, you can apply the following method to address them.
- Read more: Block spam messages on MoMo
2. How to transfer money from MoMo to a bank
With its integration with 45 domestic banks such as Vietcombank, Agribank, MBBank, ..., MoMo users can now easily transfer money from MoMo to other bank cards if the recipient's bank has been linked to MoMo previously. Specifically, here's how to do it:
Step 1: Log in to your MoMo account on your phone. On the MoMo home screen, tap on 'transfer money' then select 'to bank'
Step 2: Enter the name of the bank you want to find in the search box or scroll down the list of banks and choose the name of the bank you want to transfer money to.
Step 3: Enter the recipient's account number, press complete. Immediately, the screen will display the account name corresponding to the entered account number. Next, enter the recipient's phone number, the amount to transfer, a message, and press 'continue'
Step 4: On the secure payment interface on MoMo, review the transaction information, press 'confirm'
Step 5: Enter your MoMo password or fingerprint to confirm the transaction. The screen will display a notification of successful transfer from MoMo to the bank.
II. Frequently Asked Questions when transferring money on MoMo
1. Transfer fees from MoMo to a bank
Currently, MoMo offers free transfers for users conducting transactions from MoMo wallet to MoMo wallet. For transfers from MoMo to domestic banks, the transfer fee is 3,300 x 0.65% * transaction value. Specifically:
2. Transfer limits on MoMo
Transfer limits on MoMo vary for each type of bank card. Specifically:
- For MoMo accounts authenticated with a bank card, the maximum daily transfer limit is 30,000,000 VND. For MoMo accounts not authenticated with a card/bank account, you cannot use MoMo funds in the wallet.
- For VISA, Mastercard, JCB debit payment card accounts, the maximum MoMo transfer limit is 5,000,000 VND/day and does not apply to credit cards.
3. How long does it take to transfer money from MoMo to a bank account?
Immediately after the money transfer transaction is made through the MoMo wallet, the recipient will receive the money through their MoMo account.
In the case where the recipient does not have a MoMo wallet account, the recipient will receive a notification via SMS with instructions to download the MoMo wallet app. Within 48 hours of receiving the message, the MoMo recipient only needs to download and register a MoMo Wallet account to receive the money. In the event the recipient does not register an account in time, the amount will be refunded to the sender's account.
Here, Mytour has guided you on how to transfer money on MoMo (transfer money from MoMo wallet to MoMo wallet and transfer money from MoMo to bank) quickly, easily. Refer to the instructions in this article and transfer money via MoMo whenever you need it! Besides, if you mistakenly transfer money on MoMo, you can refer to the article on how to get money back from MoMo.
- Read more: How to get money back from MoMo
In case you use MoMo wallet but lose your phone number or want to replace the phone number currently used on MoMo with a new phone number, you can quickly change MoMo phone number by referring to this article of ours.
Besides transferring money and paying bills, you can earn money through the MoMo app. If you are using MoMo, don't miss out on making money with MoMo. Just spend some time on MoMo, and you will receive attractive rewards.
- Read more: Making money with MoMo
