Prestmit’s Internal Transfer feature allows you to send funds directly to another Prestmit user using only their Prestmit username. You don’t need the recipient’s bank account details, and it is completely free
Who Can Use Internal Transfer?
To use this feature, both the sender and the recipient must be verified Prestmit users. You must also have completed your KYC verification before this feature is made available to you
Supported Currencies
You can send funds using the following Prestmit wallets:
Naira (NGN)
Cedis (GHS)
USD
Transfer Fee: Completely free
How to Send an Internal Transfer
You can initiate an internal transfer from either your Home Screen or the Wallet menu.
Option 1: From the Home Screen
Log in to your Prestmit account.
On the Home Screen, tap your NGN,GHS or USD wallet.
Select Withdraw.
Choose Transfer to Prestmit User.
Enter the recipient’s Prestmit username and the amount you want to transfer.
Enter your transaction PIN.
Tap Confirm.
Review the transfer details displayed on the next page, including the recipient’s username, transfer amount.
Verify that all the details are correct before completing the transfer.
Option 2: From the Wallet Menu
Log in to your Prestmit account.
Open the Wallet menu.
Select the wallet you want to transfer from: Naira Wallet, Cedis Wallet, or USD Wallet.
Choose Transfer to Prestmit User.
Enter the recipient’s Prestmit username and the amount you want to transfer.
Enter your transaction PIN.
Tap Confirm.
Review the transfer details displayed on the next page, including the recipient’s username and transfer amount
Verify that all the details are correct before completing the transfer.
What Is the Minimum Transfer Amount?
The minimum amount you can transfer depends on the currency you are using.
Currency | Minimum Transfer Amount |
Naira (NGN) | ₦1,000 |
Cedis (GHS) | GH₵10 |
Dollar (USD) | $20 |
Note:
Before initiating an internal transfer, keep the following in mind:
You can transfer funds only to verified Prestmit users.
You must complete your KYC verification to access this feature.
Funds are transferred instantly to the recipient and cannot be reversed, so, always confirm the recipient's details correctly before completing the transfer.
Internal transfers are free of charge.