BRAC Bank linked with 2 largest MFS providers in Bangladesh

BRAC Bank has become the only bank in Bangladesh that provides its customers the facility to instantly transfer funds to bKash and Rocket, the country’s two largest MFS (Mobile Financial Service) providers.

Fund transfer facility from BRAC Bank account to bKash and Rocket has gone live from January 24.

The customers of BRAC Bank can now transfer fund from their BRAC Bank accounts to bKash and Rocket accounts through Internet Banking. In the second phase, bKash and Rocket customers will be able to transfer funds to any BRAC Bank personal account.

BRAC Bank customers will use different Alternate Banking Channels (e.g. Internet Banking or mobile apps) of BRAC Bank. bKash and Rocket customers will use respective apps or USSD channel to send money to BRAC Bank accounts.

To transfer funds to any bKash or Rocket personal account, the customers will need to log in to BRAC Bank Internet Banking and select “bKash Account Transfer” or “Rocket Account Transfer” under “Fund Transfer & Card Payment” in Internet Banking. They can transfer up to Tk. 30,000 in a day. Details of transaction limits, terms and conditions can be found on the BRAC Bank website.

This new feature in internet banking will give more fund transfer options and facilities to BRAC Bank customers. The introduction of the new facility is part of BRAC Bank’s continued pursuit to expand its digital banking services.