With your Palmpay, you can carry out different kinds of transactions like bill payment, fund transfer, cable subscription, etc. But before you can do any of these, you must have to fund your Palmpay account.
There are numerous ways through which you can transfer money to your Palmpay account, ranging from ATM card transfer, cash deposit, USSD code to bank transfer, depending on the method that is suitable for you.
However, to be able to transfer money to your Palmpay account with this method (s), you must understand how each method works and that’s the focus of this article.
Important Factors to Consider when Transferring Money to your Palmpay Account
When transferring money to your Palmpay, it is important to note that the amount of money that your Palmpay account can receive is totally dependent on your account level or type. For instance, a Palmpay account that has not been linked with a BVN cannot receive more than (₦50,000), but a Palmpay account that has been linked with a BVN can receive up to (₦200,000) deposit. However, the minimum amount of money that you can deposit in your Palmpay account is (₦100). Having said that, we can now proceed with the discussion on how you can transfer money to your Palmpay account,
How to Transfer Money to Palmpay Account
Transferring money to your Palmpay account can be done in different ways depending on the option that is suitable for you. The means through which you can transfer money to your Palmpay account are outlined below:
1. BankTransfer
One of the easiest and simplest ways to fund your Palmpay account is by bank transfer. It is quite simple and hassle-free. To fund your Palmpay account via bank transfer, follow the steps below:
- Login to your Palmpay app to copy your account number.
- Tap on the inter bank transfer option.
- Now, copy your Palmpay account number.
- Select the bank that you want to transfer the money from.
- Now, you’ll need to follow the onscreen instruction from your selected bank in order to transfer money to your Palmpay account.
- Finally, if you follow the above procedures carefully, you will be able to transfer money to your Palmpay account through bank transfer.
2. Bank ATM Card Transfer
Another method through which you can transfer money to your Palmpay account is through the use of your ATM card. This can only be possible if your ATM card is handy. To use this method, follow the steps below:
- Login to your Palmpay account.
- On your dashboard, tap on the “fund” button.
- Choose the bank funding option.
- Enter the exact amount you want to transfer to your Pampay wallet.
- Input your ATM card details such as CVV, number, and expiry date.
- Finally, enter your bank transaction pin to authenticate the transfer.
If you get everything correctly, the transfer amount will be deducted from your bank account and your Palmpay account will be credited instantly.
3. USSD Code Transfer
Another simple method that you can use to transfer money to your Palmpay account is through USSD code transfer. It is easy to use. To fund your Palmpay account via USSD code transfer, follow the simple steps below:
- Login to your Palmpay account.
- On your Palmpay account dashboard, tap on the ‘’Fund’’ option.
- From the option list, choose ‘’USSD’’.
- Input the exact amount you want to add to your wallet.
- Choose the bank that you want to transfer the money from, and tap on the ‘’Confirm’’ button.
- Look at your screen and copy the displayed code.
- Now, you’ll need to press that code and authenticate the transaction by entering your bank transaction pin. As simple as that.
If you follow the above steps carefully, you will be able to transfer the money to your Palmpay account with the USSD code.
4. Cash Deposit
You can also transfer money to your Palmpay account via cash deposit. You can use this method if you have cash handy and you want to transfer it to your Palmpay account, although this method may incur extra charges.
To use this method, you’ll need to visit any Palmpay POS agent or any POS agent that is nearest to you and request for the account funding services, and hand over the exact amount you want to transfer with your Palmpay account details to the agent. Finally, pay the POS charges and the money will be transferred to your Palmpay wallet in a matter of minutes. And that’s all.
