With the approval of Bangladesh Bank, SBL has introduced mobile banking as a brand name “SPOT CASH” throughout the country which is completely a new addition to its existing services. The “ SPOT CASH ” Mobile Account model of SBL works on the fundamental principle of giving everyone an access to a bank account and adding value to lifestyle of customers irrespective of social strata in Bangladesh.
What is SBL SPOT CASH?
SPOT CASH Benefits
Where to register?
What are the necessary documents for registration?
How to register mobile account?
Which Telco's Mobile can be registered?
What is my Mobile Account number?
What type of Mobile set is required?
How much initial deposit is required?
Can I deposit and withdraw money immediately after registration?
What is transaction limit?
Fees & Service Charges
A/C Opening/ Enrollment Process
Account opening/ Enrollment procedure for the Agent
Cash In /Deposit procedure for the Customer
Cash In/Deposit procedure for the Agent
Cash out/ Withdrawal procedure for the Customer
Cash out / Withdrawal procedure for the Agent
Fund Transfer from one A/C to another A/C (Person to Person/ P 2 P) transactions procedure
Architecture of MFS Solution
Accounting Cases
Transactions Provided By SPOT CASH
Account Registration
Cash IN
Cash OUT
Person To Person Transfer
Mobile Top-Up
Balance Enquiry
Mini Statement
Necessary Documents Needed For Registration
Duly filled in KYC form
Photograph of account holder
National ID or any other acceptable ID with photograph
You can deposit money immediately after registration. However, you can withdraw after your account is fully registered. Bank officer verifies the information on the registration form (KYC form) and authorizes
the account for full registration. Normally 1-2 working days are required for full registration. After your
account is fully registered, you will get an SMS notification.
Agent will login with his mobile number and his / her own M-PIN (Secret Pin Code). And click on “Cash In”. Then agent will Fill-up necessary fields and click on “Submit” button.
Then both the customer and agent will receive a confirmation SMS for Cash In (Deposit).
Customer needs to fill up the withdrawal/Cash out slip.
Customer will login with his / her mobile number and his / her own M-PIN (Secret Pin Code) and click on “Cash out”. Then Fill-up Agent’s Mobile No, amount of money & M-PIN and click Submit.
Customer will receive an Authentication Code (AC) by SMS and hand over this AC to the Agent.
An equivalent of Tk. 5 or 1.8% (which is higher) charges including 15% VAT will be deducted from the Customer’s A/C.
Agent will login with his mobile number and his / her own M-PIN (secret pin code), then click on “Cash out”. Then fill-up Authentication Code & Agent’s M-PIN and click Submit.
Customer & Agent, both will receive SMS.
Customer collects the money from the Agent’s cash counter.
“SPOT CASH” Mobile Banking is a Separate System of Qcash (ITCL) and all Mobile Banking Accounts will be in that system and will act as separate Mobile A/C. The system will provide all related reports for real time transactions, reconciliation and settlement.
In Stelar, SBL Mobile Banking Unit (MBU) will act as a separate branch entity. The entity will have separate affairs for related transaction entries.
All the settlements will be done through Trust Bank Settlement A/C.
