Money Transfer Procedure from SBI ATM to Other Bank ATM

Money Transfer Procedure from SBI ATM to Other Bank ATM

If you need to transfer the money from one account of SBI to another via a state bank ATM, then you will not be able to find any option of transferring it directly to a bank account. However, you can use a card to card transfer for that. The money gets transferred from your account to any State Bank group debit card by using the card to card transaction.

 

To make use of this facility, you will come across numerous options when you swipe your card. You will come across an option ‘transfer’ on the right bottom side of the screen. Select the option and you will further be asked to enter your PIN number. Enter the PIN and you will see the card to card option which you need to select. You will then be asked to enter your card number twice after which you will be asked to select your account type. The amount will be credited immediately to the recipient’s account. Also, the service is free of cost.

 

You can transfer the visa card too in India using the visa money transfer option. It takes 72 hours to credit to the beneficiary account. You can also transfer to any master card in India using the master card money send option. It takes 48 hours to credit the amount to the account of the beneficiary. The two services are charged using Rs. 20 per transaction.

 

All ATM cum debit card holders of the state bank group can make use of these facilities.

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