Your recipient needs to have an active MoMo wallet to receive the transfer. They can choose to withdraw the money to their own bank account following the steps below:
- Open the MoMo app, select the ‘Top Up/ Withdraw’ (Nạp / Rút tiền) button on the top left corner on home screen
- On the Withdraw tab (Rút tiền), enter the amount they wish to transfer to their bank account
- Select the bank account they’d like to send the funds to and confirm the withdrawal.
- There are no fees for bank withdrawal up to 30,000,000 VND (about 1,260 USD) per month
A key feature of Momo is the "Approval" requirement from the recipient. They must accept certain terms and conditions before they can receive remittances. This step only needs to be completed once, not for each transaction.