Electronic Funds Transfer

Service/Product Target

All Corporate and SME customers with Bulk Payment (or collection) requirements

Product Attributes/ Features

  • A web based platform that allows the customer make bulk payments to numerous recipients to the debit of a single account
  • Also allows the customer to make bulk collections with numerous debits to the credit of a single account. Ideal for insurance premium or loan repayment requirements.
  • Interested customers need to complete an application form after which login credentials are sent to them to enable them access the platform
  • Payment is made by uploading a payment file in text or CSV onto

the platform which is immediately sent to the Bank’s core banking platform and the transactions take effect

Benefits To The Customer/User

  • Ability to make bulk payments and bulk collections at the click of a button
  • Available for use 24/7 from anywhere in the world.
  • Safe and secure through the use of User IDs, Passwords and OTPs delivered to the subscriber’s mobile phone and/or email inbox
  • Supports multiple user authorization requirements
  • A relatively cheaper and efficient mode of payment

Costs To Access The Product

There is no monthly fee

How To Access Product

Visit the website https://nbmeft.banknet.co.mw



To be the most successful financial institution in Malawi with an internationally visible presence.

Mission Statement

To provide outstanding and inclusive financial solutions that deliver sustained stakeholder value.