Transfer Money From Wallets
Transfer Money From Wallets The Transfer Money feature enables the user to initiate online payments from his bank account to any other account. Through this feature, the user is provided with the option to either transfer funds within his own accounts held in the same bank by selecting the ‘My Accounts’ option or to transfer funds to other accounts (held within the same bank or in other banks within the same country) by selecting the ‘Existing Payee’ option.
Features supported in the application
The ‘Transfer Money’ feature enables users to make payments towards:
- Existing Payee – Internal & Domestic transfers are supported and are triggered based on the payee account selection.
- My Accounts – Users are able to transfer funds from wallet to their own accounts held in the bank.
- New Payee – By selecting this option, users can initiate fund transfers towards email, mobile and facebook and twitter contacts. Alternately, if the intended recipient of the funds is not yet registered as a payee, the user can also select the option ‘Bank Account’ in order to be navigated to the screen from which he can register an intended recipient as a payee.
Transfer Money - Existing Payee
The existing payee option of the ‘Transfer Money’ feature enables the user to initiate payments using a Wallet, towards existing registered payees. All account payees created by the logged in user and shared by other users of the Party
A party is any individual or business entity having a banking relationship with the bank. are listed for selection. Once a payee has been selected, the details are auto populated on the transaction screen. The user is then required to fill in payment details to initiate the funds transfer. Payment details will vary based on the transfer type associated with the payee’s account.
How to reach here:
Dashboard > Payments Widget > Transfer Money > Existing Payee
OR
Toggle menu > Payments > Payments and Transfers > Transfer Money > Existing Payee
For more details on this transaction, refer Oracle Banking Digital Experience Retail Payments User Manual.
Transfer Money - My Accounts
By selecting the ‘My Accounts’ option as transfer type, the user is able to initiate funds transfers towards his own account held within the bank.
How to reach here:
Dashboard > Payments Widget > Transfer Money > My Accounts
OR
Toggle menu > Payments > Payments and Transfers > Transfer Money > My Accounts
For more details on this transaction, refer Oracle Banking Digital Experience Retail Payments User Manual.
Transfer Money - New Payee
By selecting the ‘New Payee’ option, the user is provided with three choices by which to initiate a fund transfer. They are as follows:
- Email/Mobile
- Bank Account
How to reach here:
Dashboard > Payments Widget > Transfer Money > New Payee
OR
Toggle menu > Payments > Payments and Transfers > Transfer Money > New Payee
For more details on the New Payee option under Transfer Money transaction, refer Oracle Banking Digital Experience Retail Peer To Peer Payments User Manual.
Multiple Transfers
The Multiple Transfers feature enables users to initiate transfers towards a group of people as part of a single transaction. Through this feature, users can initiate transfers towards registered payees of different transfer types
How to reach here:
Toggle menu > Payments > Payments and Transfers > Multiple Transfers
OR
Dashboard > Payments Menu > Multiple Transfers
For more details on this transaction, refer Oracle Banking Digital Experience Retail Payments User Manual.
Adhoc Transfer
An adhoc transfer is one which is used to transfer funds from the user’s account to a beneficiary/ payee account which is not registered with the bank. Since the transfer is towards an unregistered beneficiary, customers are required to specify the beneficiary details manually along with the transfer details while initiating an adhoc transfer.
How to reach here:
Toggle menu > Payments > Payments and Transfers > Adhoc Payment > Adhoc Transfer
OR
Dashboard > Quick Links > Adhoc Transfer
For more details on this transaction, refer Oracle Banking Digital Experience Retail Payments User Manual.
Electronic Bill Presentment and Payment
Electronic bill presentment and payment (EBPP) is a process that enables the billers to create, and present the bills / invoices online to their customers. This feature also enables the customers/ users to pay the bills online. The EBPP services are widely used in many areas like utility bill payment, fund transfer through net banking against various purchases of utility products and services by the users, payment to service providers, mobile/ DTH bill payment etc. The main advantage of electronic bill presentment and payment is that users/ customers can pay their bills anytime quickly and conveniently, which saves lots of time and paper work.
Wallet can be used to pay the bills by the registered user.
How to reach here:
Dashboard > Toggle Menu > Bill Payments > Bills
OR
Dashboard > My Bills Widget > View All Billers > Bills
For more details on this transaction, refer Oracle Banking Digital Experience Retail Bill Payments User Manual.
Note: International transfer of funds is not supported via Wallet.