Consumers of Prime Bank will now have the ability to instantly transfer funds from their bank accounts to Nagad, one of the leading mobile financial service providers, via the internet banking facility Altitude.
Consumers can now benefit from the facility from June 29, 2021, by utilising both the web version and the mobile application of the internet banking platform.
Prime Bank customers can transfer funds to any Nagad account by logging in to the Altitude app and selecting ‘Nagad Transfer’ under the transfer menu.
A maximum of Tk 30,000 to a single or more than one Nagad account can be transferred daily.
Information including the detailed terms and conditions along with transaction limits can be found on the Prime Bank website. There is no charge for transferring funds or receiving funds using the service.
This mode of transaction comes with a greater degree of security as every transaction necessitates OTP and PIN to be sent to the registered mobile numbers.