How much is the least amount you are allowed to transfer from your mobile wallet or bank app?

[Kross]

Business transactions can easily be settled nowadays by bank transfers through mobile wallets and electronic banking apps. Of course, there should be a minimum amount that you can transfer through your mobile wallet or banking app. For me, it is an equivalent of 10 cents. How much is the least amount you can transfer electronically from your app?

 

[Trush Jodie]

With my mobile banking app, the least amount that I can transfer to another account is 50 cents. Nothing less would go through.

 

[King Belieal]

I use an internet banking app and I can transfer the least amount which is equivalent to $0.2. Why would I even need to transfer such low amount and pay charges?

 

[Augusta]

I think in Nigeria here you can transfer from 100 naira to someone which I believe it is a good thing.

 

[Springtime]

Here, I think the least amount you can transfer is HKD1 which is equivalent to about US 15 cents.

 

[eLdavis]

I think in Nigeria here you can transfer from 100 naira to someone which I believe it is a good thing.

Yes but some bank apps actually allows you to transfer even as low as fifty naira, especially apps like palmpay, kuda and the rest.

 

[Suba]

On my mbanking app the minimum amount that can be transferred is $ 0.61, also other banks also apply almost the same minimum amount.