Which eWallet can transfer to a bank account?

Beyond Tolls and Retail: Transferring Funds to Bank Accounts with Touch ‘n Go eWallet

For many Malaysians, Touch ‘n Go (TnG) eWallet has become synonymous with seamless toll payments and convenient retail transactions. But its utility extends far beyond simply tapping and paying. One of its most compelling features is the ability to transfer funds directly into a bank account, offering a flexible and efficient way to manage your finances.

Imagine this scenario: you’re splitting the cost of a group dinner, collecting money for a birthday present, or even sending a little something to a family member. Rather than relying on cash or navigating the complexities of traditional bank transfers, you can leverage the power of TnG eWallet.

The key to this capability lies in DuitNow, a national payment network that enables seamless interbank transfers. Through DuitNow, TnG eWallet users can directly transfer funds to almost any bank account in Malaysia. The process is incredibly straightforward:

• Navigate to the Transfer Section: Open your TnG eWallet app and find the section dedicated to transferring money.
• Select DuitNow Transfer: Choose the option to transfer funds via DuitNow.
• Enter Recipient Details: You’ll need either the recipient’s bank account number or their DuitNow ID (which could be their mobile phone number or MyKad number).
• Specify the Amount: Input the amount you wish to transfer.
• Confirm and Transfer: Review the details and confirm the transaction. The funds will typically be credited to the recipient’s bank account almost instantly.

What makes this even more appealing is the absence of minimum transfer amounts or additional transaction fees. This makes TnG eWallet an ideal solution for transferring even small amounts of money, a feature not always readily available with traditional banking methods.

Furthermore, the ability to transfer funds directly to other TnG eWallet users remains a simple and rapid process. This means you have the flexibility to choose the most convenient option for each situation – direct transfer to a bank account via DuitNow, or instantaneous peer-to-peer transfers within the TnG eWallet ecosystem.

In conclusion, TnG eWallet is not just a payment gateway for tolls and retail purchases. Its seamless integration with DuitNow transforms it into a powerful and versatile tool for managing your money, offering a convenient and cost-effective solution for transferring funds to bank accounts and other eWallets. So, next time you need to split a bill, send a gift, or simply move money around, consider the ease and efficiency of using Touch ‘n Go eWallet to transfer directly to a bank account. You might be surprised at how much simpler it can be.