What is Money Transfer Online?
Online money transfers have now become a medium to save oneself from any cash shortage related problems. A long list of requirements and legal formalities is no longer needed since the money can be transferred online through a digital wallet without any hassle. Hence, transferring money online has become easier than before with MobiKwik . Just make instant money transfer with the 'Wallet to Bank' feature on MobiKwik, from credit cards to any bank account through MobiKwik's digital wallet. Now, transfer money from credit cards of ICICI, HDFC, Citibank, SBI, and more to any bank account, and the amount will reflect in the bank accounts instantly.
How to transfer money from debit/credit cards of any bank viz; ICICI, HDFC, Citibank, SBI and more to any bank accounts in three simple steps.
- Add money to you digital wallet on the MobiKwik app using your credit or debit card.
- Tap on ‘Transfer money’ feature on the app. Find ‘wallet to bank’ in transfer money.
- Add beneficiary name, account number and IFSC code and click continue.
The amount transferred will reflect in the bank account instantly.
Please note:
According to the RBI guidelines, the user must complete KYC to use the online money transfer service. However, KYC process on MobiKwik is rather simple and quick and can be done within minutes on the app itself.
Step 1
Tap on 'Transer Money' on the MobiKwik App
Step 2
Find 'Wallet to Bank' in Transfer Money
Step 3
Add Beneficiary, Account Number and IFSC Code and select 'Continue'
Factors to Consider for Money Transfer Online
While transferring money from card to bank one must consider the following factors before making the transactions:
- Secure platform - The platform that the user chooses to transfer their money should be 100% secure. On MobiKwik the user data is end to end encrypted hence making the data and transaction super safe.
- Charges involved - The charges for making a transfer from a credit card to a bank account varies from bank to bank. MobiKwik helps you complete the transactions in quick steps and with minimal extra charges.
- Correct beneficiary details - The user needs to make sure that the beneficiary's details are accurate such as account number, branch, etc. After entering the correct details the transaction is super quick with MobiKwik.
- Risk factors - Follow the do’s and don'ts of safe online banking practices shared by the bank. Don’t fall prey to any of the online banking scams and use MobiKwik for the secure credit card to bank transfers.
How Online Money Transfers Benefit you?
Everyone wants their money transfers to be quick and easy. Hence, to save on time and effort with the online money transfers MobiKwik ‘Wallet to Bank’ feature is the best solution. Here are some benefits to consider to do online fund transfer:
- Transfer to any bank account: MobiKwik's digital wallet makes the money transfers hassle-free, just transfer money from the credit cards of any bank to any bank account. For instance, Transfer money from your HSBC credit card by adding money to your wallet and transfer the amount added to the ICICI bank account.
- Swift Transactions: For the quick and simple procedure of transferring money, choose MobiKwik wallet. Ensuring smooth money transfer services. With the online money transfer app transactions are simplified as compared to bank services.
- Minimum Charges - With bare minimum charges the money can be transferred from credit cards to any bank account instantly with the MobiKwik app
- KYC required: To maintain end to end secure transactions, KYC is mandatory. With MobiKwik it becomes easy to do KYC within minutes. It is done quickly on the app itself and the user need not go through any physical verification.
How to Transfer Money From Credit Card to Bank Account
With the MobiKwik money transfer app and website transferring money to a bank account has become a seamless procedure. To do an online money transfer just download the android & ios mobile app from the play store or log in to the website and follow the given steps:
- Add money to your digital wallet on the MobiKwik app using your credit card.
- Tap on the ‘Transfer money’ feature on the app. Find the ‘Wallet to Bank’ option in order to transfer money.
- Add a beneficiary name, account number, and IFSC code and that’s it
FAQ's of Instant Money Transfer
1. How online money transfer works ?
There are a number of ways to transfer money online. One can opt for online bank transfer methods through net banking such as NEFT, RTFS, UPI and IMPS.
2. How to transfer money from the bank account to another bank account online?
Just transfer your money directly from credit card to bank with MobiKwik's "Wallet to Bank" feature or
- Open your bank’s website
- Log in to your credit card account
- Select the transfer option
- Enter the amount you want to transfer
- Enter the required details mentioned in the form
- Follow the prompts to complete transactions
3. How to transfer money from credit card to bank account?
One can transfer money from a credit card to a bank account just by downloading the MobiKwik app or log in to the website and transfer your money securely
4. How long does it take for money to transfer from credit card to bank account?
With the MobiKwik app, the online money transfer is done within a fraction of minutes.
5. Do I need a KYC for a money transfer?
To maintain end to end secure transactions, KYC is mandatory. With MobiKwik it becomes easy to do KYC within minutes. It is done quickly on the app itself and the user need not go through any physical verification.
6. How to transfer money from MobiKwik to the bank without charges?
MobiKwik app is the safest of all the platforms to transfer your money from credit card to bank account with bare minimum charges.Do a quick online money transfer with MobiKwik, just download the app or log in to the website and follow the given steps.
- Add money to your digital wallet on the MobiKwik app using your credit card.
- Tap on the ‘Transfer money’ feature on the app. Find the ‘Wallet to Bank’ option in order to transfer money.
- Add a beneficiary name, account number, and IFSC code and that’s it!
7. Can I transfer money from the MobiKwik wallet to a bank without KYC?
No, as the user data is of utmost importance for MobiKwik so doing KYC before transferring money from MobiKwik wallet to the bank is mandatory.
8. How safe are bank transfers?
On MobiKwik the user data is end to end encrypted hence making the data and transaction super safe.
9. How instant is a bank transfer online at Mobikwik?
One can make bank tranfers online instantly from their debit/credit cards with the 'Wallet to Bank' feature on MobiKwik and the amount will reflect in the bank accounts instantly.
10. How do I send money to a bank account?
You can login to Mobikwik website or download Mobikwik app to send money safely to your bank accounts.