Instant Money

You can send money from your bank account to any mobile phone in Uganda allowing the recipient to withdraw cash, without the need for a bank account or bank card; instantly using mobile or online banking.

Some of the benefits

Accessible to all

Recipient does not need to have a bank account or bank card

Affordable

No withdrawal charge and maximum sending fee of 1,500

Convenient

Send money to any mobile number in Uganda from anywhere at anytime

Security and Control

Authorise transactions using a PIN and Voucher number to keep all transactions safe

What you get

Send money to any mobile number in Uganda from anywhere at anytime
Recipient does not need to have a bank account or bank card
No withdrawal charge
Maximum sending fee of 1,500
Authorise transactions using a PIN and Voucher number
24/7 support from customer care centre

How to get it

Register for mobile or online banking here (Link must be added here)
Open an account

How to send money

You can send instant money using mobile banking or online banking.
The recipient will receive a 13-digit voucher number and you (the sender) will receive a pin number which you will share with the recipient so that he can redeem the funds.

Using Mobile banking:

Dial *290#
Select Instant money
Select Purchase voucher
Select Account Number to pay from
Enter voucher Amount
Enter beneficiaries cell phone number, starting with 256
The Instant Money purchase confirmation screen will be displayed
Select 1 to confirm transaction

Using Online banking:

Login to Internet Banking and select ‘Payments’
Select ‘Purchase Instant Money Voucher’
Select the account you want to send from
Enter the amount you wish to send
Enter the recipient’s cellphone number
Enter the One Time Password sent to you by Stanbic Bank via SMS
Confirm the details for the Instant Money Voucher transaction, and finally confirm the payment

How to withdraw money

Visit your nearest Stanbic Bank ATM
Select “Cardless Services”
Select “Language Option”
Select Instant Money
Enter your Cell Phone Number
Enter the 13-digit reference number that has been sent to your cellphone
Enter the 6-digit PIN code which issuer shared with you
Select “Yes” to confirm Instant Money Voucher transaction
The cash will be paid out to you (remember, only the full amount can be withdrawn) and remember to take your receipt.

What it costs

No withdrawal charges
Sending fee of Ugx 1,500

What you get
How to get it
How to send money
How to withdraw money
What it costs

Send money to any mobile number in Uganda from anywhere at anytime
Recipient does not need to have a bank account or bank card
No withdrawal charge
Maximum sending fee of 1,500
Authorise transactions using a PIN and Voucher number
24/7 support from customer care centre

Register for mobile or online banking here (Link must be added here)
Open an account

Using Mobile banking:

Dial *290#
Select Instant money
Select Purchase voucher
Select Account Number to pay from
Enter voucher Amount
Enter beneficiaries cell phone number, starting with 256
The Instant Money purchase confirmation screen will be displayed
Select 1 to confirm transaction

Using Online banking:

Login to Internet Banking and select ‘Payments’
Select ‘Purchase Instant Money Voucher’
Select the account you want to send from
Enter the amount you wish to send
Enter the recipient’s cellphone number
Enter the One Time Password sent to you by Stanbic Bank via SMS
Confirm the details for the Instant Money Voucher transaction, and finally confirm the payment

Visit your nearest Stanbic Bank ATM
Select “Cardless Services”
Select “Language Option”
Select Instant Money
Enter your Cell Phone Number
Enter the 13-digit reference number that has been sent to your cellphone
Enter the 6-digit PIN code which issuer shared with you
Select “Yes” to confirm Instant Money Voucher transaction
The cash will be paid out to you (remember, only the full amount can be withdrawn) and remember to take your receipt.

No withdrawal charges
Sending fee of Ugx 1,500

We also offer

Mobile Banking *290#

With Mobile banking, you can make payments for school fees, taxes, water, electricity, PayTV bills, check account balances, make transfers from mobile money to your account and borrow for your needs using your mobile phone wherever you are 24 hours a day.

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Agent Banking

Make quick deposits, withdraws, pay bills, buy float, school fees payments, airtime top-up, taxes and other instant transactions using a bank agent nearest to you. Transact without going into a branch.