Moving money from your MTN MoMo wallet to your bank account in Ghana is easy once you know how. Whether you need to pay bills, save money, or send funds to a business account, this guide will show you three simple ways to get it done.

Let’s break it down step by step, so you can follow along without stress.

Method 1: Wallet-to-Bank Transfer (Direct Transfer)

This is the simplest way to move money from your MTN MoMo wallet to your bank. It requires that your MoMo wallet is linked to your bank account. Once linked, transferring money takes just a few steps.

Steps to transfer money using Wallet-to-Bank

1. Dial *170# on your phone.
2. Select Financial Services (usually option 5).
3. Choose Bank Services (option 1).
4. Select Transfer to Bank.
5. Choose your bank from the list.
   • If your bank is not listed, enter # to see more options.
6. Select the specific bank account you want to send money to.
7. Enter the amount you want to transfer.
8. Confirm by entering your MoMo PIN.
9. You’ll receive a confirmation message when the transaction is successful.

Why use this method?

✅ No extra charges when your MoMo wallet is linked to your bank.
✅ Fast and convenient.
✅ Works with most major banks in Ghana.

Tip: If your bank account is not linked to your MoMo wallet, visit your bank to set it up for future transactions.

Method 2: GhIPSS Bank Transfer (For Unlinked Accounts)

If your MoMo wallet is not linked to your bank account, you can still send money using Ghana’s GhIPSS interoperability service. This method allows you to transfer money to any bank account, even if it’s not connected to MoMo.

Steps to transfer using GhIPSS

1. Dial *170# on your phone.
2. Select Transfer Money (option 1).
3. Choose Bank Account.
4. Select Wallet to Bank Account.
5. Pick the bank you want to send money to.
6. Enter the recipient’s bank account number.
7. Confirm the account number to avoid errors.
8. Enter the amount you want to transfer.
9. Type a reference note (e.g., “School Fees” or “Rent Payment”).
10. Enter your MoMo PIN to confirm the transfer.
11. You’ll receive a confirmation message.

Why use this method?

✅ Works even if your bank account is not linked to MoMo.
✅ Allows transfers to most banks in Ghana.
✅ Great for sending money to others who need a bank deposit.

Heads up: You’ll pay a small fee for this method

Method 3: Using Your Bank’s USSD Code

Some banks in Ghana have their own shortcodes (USSD codes) that allow you to transfer money from MoMo directly into your bank account. However, you must link your MoMo wallet to your bank first.

How to transfer using a bank USSD code

1. Dial your bank’s USSD code (e.g., *776# for Fidelity Bank, *422# for GCB).
2. Select the MoMo to Bank transfer option.
3. Enter the amount you want to send.
4. Confirm your account number.
5. Approve the transaction with your MoMo PIN.
6. Wait for a confirmation message.

Why use this method?

✅ You don’t need to dial *170# every time.
✅ Some banks offer additional transfer benefits.
✅ Fast and straightforward if you frequently send money to your bank.

MTN MoMo to Bank Transfer Charges

If you transfer money from your MoMo wallet to a bank that is not linked, you will pay a small fee. Below is a breakdown of charges:

✅ Daily Tax-Free Limit: You can transfer up to GHS 100 per day without paying the E-Levy. ✅ No Charges for Linked Accounts: If your MoMo wallet is linked to your bank, you can transfer money for free using Method 1.

Important Security Tips for MoMo Transfers

When using MoMo to send money to a bank, always prioritize security. Here’s how:

✔ Keep your MoMo PIN secret – Never share it with anyone, not even MTN staff.
✔ Verify recipient details – Always double-check the bank account number before confirming the transfer.
✔ Watch out for scams – Be cautious of messages or calls asking for your MoMo details.
✔ Report suspicious activity – If you suspect fraud, contact MTN customer support immediately.

Transferring money from MTN MoMo to a bank in Ghana is simple when you know the right steps. Whether you use the direct Wallet-to-Bank method, GhIPSS, or your bank’s USSD code, the process is fast and reliable.

If you want free transfers, make sure your MoMo wallet is linked to your bank. But if you need to send money to a different account quickly, GhIPSS and bank USSD codes are great alternatives.

Now that you know how it works, go ahead and transfer money with confidence!

FAQs

How long does it take for an MTN MoMo bank transfer to reflect in my account?

Transfers from MTN MoMo to a bank account are typically processed instantly. However, in some cases, it may take up to 24 hours, depending on your bank’s processing time.

What are the transaction limits for MTN MoMo bank transfers?

The limits for sending money from MTN MoMo to a bank account vary based on your account type:

Keep in mind that banks may have their own transfer limits. It’s best to check with your bank for any additional restrictions.

Are there any fees for transferring money from MTN MoMo to a bank account?

Yes, MTN MoMo charges a small transaction fee when sending money to a bank account. The fee varies based on the transfer amount and is deducted at the time of the transaction. You can check the exact charges within the MoMo app or by dialing the MoMo service code.

Can I cancel a bank transfer after initiating it?

Once a transfer has been processed, it cannot be reversed. If the money has not yet been credited to the recipient’s account, you may contact MTN MoMo customer support for assistance, but a reversal is not guaranteed.