PalmPay: How to Transfer and Receive Money Easily
In this post, I will show you different ways you can transact on palmpay, this will include, how to send money from bank to palmpay, how to send money from palmpay to bank account, how to transfer money from palmpay to opay account and a lot of other things that are related to palmpay.
If you are a user of palmpay, then this is going to be a useful post for you, and if you are not yet using the payment service and you are considering doing so, this post will also be of help to you
because after you finish reading this post, you will get to understand how palmpay work and how you can use it to send and receive money across Nigeria and also how you will be in full control of your money which you have in your palmpay account.
I noticed that palmpay is getting a lot of traction among Nigerians, both students and business owners are obsessed with palmpay because of how fast they operate when it comes to transactions
this has made many people consider using the platform, which is why I decided to create an educational post that will guide many palmpay users on how they can make transactions without facing any problems at all.
So I think that's enough with the introduction, let me go ahead and show you how to send and receive money with your palmpay account.
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How much does PalmPay transfer cost?
When you are sending money to other palmpay users, there is no transfer cost, but when you are sending money to external banks, there is a transfer cost of N10, when you are making a withdrawal to your bank card, there is no charge and also if you are purchasing data or airtime there is also no charge.
Palmpay's cheap transaction cost is one of the reasons why people like using the app for transactions when you are making transactions on palmpay the transfer cost is really small, in fact, it is next to nothing.
Is PalmPay a bank or wallet?
Palmpay is a microfinance bank and it also has a wallet which is the palmpay app that you can download from Google playstore or Apple app store. Palmpay is available in almost all African countries including Ghana, it gained popularity over the past few years because of its cheap transaction costs.
As long as you have an active mobile number, that's all you need to create your own palmpay account, and creating your account is easy and won't cost you more than 10 minutes of your time. If you are not yet using palmpay, you can download it from playstore or Apple app store.
How to transfer money from palmpay to opay
To transfer money from your palmpay to opay account is very easy, all you need to do is log in to your palmpay account, on the second menu, click "Send to bank" on the following screen, search for opay, then enter the ten digits opay account number and click "next" confirm the transaction, then enter the amount and your pin then click "next" after that, the money will be sent to opay account.
Opay is also a great payment service available in Nigeria, after palmpay, opay stands as the second biggest internet banking app in Nigeria, and when you are sending money from opay to palmpay or from palmpay to opay, the process is easy and very fast, just follow the instructions above and you are good to go.
How to transfer money from bank to palmpay
To send money from bank to palmpay, open your palmpay app and click "Fund" after this you will see your palmpay account number, now when sending money from bank, just make sure you are sending the money to the palmpay account number that you are seeing in your palmpay account, if you send money to the account number, you will receive a notification that your palmpay account has been funded.
Adding money to your palmpay account makes it possible for you to spend directly from your palmpay account, there are other ways you can fund your palmpay account, such as through USSD, Bank card, Money request and so on, but if you want to send money from bank to your palmpay account then make sure you follow the instructions given above.
How to transfer money from palmpay to bank account
To transfer money from palmpay to bank, open your palmpay app, on the first menu section, click on "To bank" then enter the account number of the bank you want to send money to, in the "bank name" section, enter the name of the bank which you are sending money to and click "Next", confirm this and enter your palmpay to proceed with the payment, after that, the money will be sent successfully.
If you have money in your palmpay account, or used your palmpay account to receive money, one of the best ways to withdraw your money is to send it to your bank account, and the process is easy, if you follow the instructions given above, you will be able to send money from your palmpay account to any bank account within minutes.
How to transfer money from gtb to palmpay account
You can transfer money from gtb account to palmpay with ease, just open your gtb banking app and click "Send money" now copy your palmpay account number and paste it in your gtb bank app, confirm the name you used on your palmpay account and enter the amount you want to send, after that, click "Proceed" and enter your gtb bank pin, after this, you will receive the money on your palmpay account.
You can also use USSD code to send money from your gtb account to palmpay, but the fastest and easiest way is to use the gtb bank app, just follow the instructions given above and you will successfully send money from your gtb account to your palmpay account.
Final thoughts
Palmpay is one of Nigerian's favourite app when it comes to making transactions, over the past few months more and more people have been joining palmpay for the first time, and some of these people will definitely need some sort of guidance in order to use the app effectively, that is why I wrote this article. So if you don't understand this post very well, kindly read it again or try to bookmark read this page for later reading.
And if you have any questions regarding this post, make sure you leave it in the comment section below, I will make out time to attend to the comments. Thanks for reading this post, and do well by sharing this post on social media so that others too can learn from it.
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