How To Set Up A Bank Account On WhatsApp [Updated 2023]

How To Set Up A Bank Account On WhatsApp

WhatsApp has been one of the popular messaging and voice IP applications owned by Facebook since November 2020. On WhatsApp, you will find excellent voice and video calls with encrypted text messages, with many features. And it might not be available in some countries, but recently, you will get the feature to set up a bank account on WhatsApp for payment.

Once you add a bank account to the WhatsApp account, you will be able to make a real-time payment; you can send and receive payment. To add a bank account to your WhatsApp account has straightforward steps; you can easily add an account.
1. Open your account,
2. Go to the payment option,
3. Add your account,
4. And be ready to make a real-time transaction.

If you think you can’t add a bank account to your WhatsApp account or you didn’t find the option to add a bank account, then don’t worry; you are in the right place because today, in this article, we will guide you with step by step procedure to add a bank account on your Whatsapp account. So, stay with us and read the full article.

Table of Contents

How To Set Up A Bank Account On WhatsApp?

If you have an authorized bank account and support international payments, then you can add your bank account on WhatsApp. Follow the step-by-step procedure mentioned below to do so.

Set Up A Bank Account On WhatsApp On Android

Step for Android users to set up a bank account on WhatsApp.

Step 1: Open The WhatsApp Application

First, open the WhatsApp application on your Android.

Step 2: Log In To Your WhatsApp Account

If you are not logged in to your account, then log in to your account.

Step 3: Click On The Three Vertical Dots

Then, click on the three Vertical Dots from the top right corner.

Step 4: Choose “Payments”

Now, you will see a pop-up list of options. Choose Payments.

Step 5: Tap On The “Add Payment Method” Option

After that, under Payment methods, you will see Add Payment Method. Tap on it, and then you will be asked to select your bank.

Step 6: Select Your Bank

Choose one from the list or search to select your bank.

Step 7: Tap On “VERIFY VIA SMS”

Then, tap on the green VERIFY VIA SMS.

Step 8: Verify The Code

Finally, follow the on-screen instructions to verify the code you have received.

Set Up A Bank Account On WhatsApp On iPhone

Steps for iPhone users to set up a bank account on WhatsApp are as follows:

Step 1: Open the WhatsApp Application

First, open the WhatsApp App and log in to your account if you haven’t yet.

Step 2: Click On “Settings”

Then, click on the “Settings” icon from the bottom navigation bar.

Step 3: Tap On “Payments”

Now, tap on the Payments option under Settings (Gear Icon).

Step 4: Tap On The “Add New Payment Method” Option

After that, you will see different options; tap on the Add New Payment Method.

Step 5: Select Your Bank

Now, search for a bank from the search box or select your bank from the list.

Step 6: Tap On Verify Via SMS

Then, tap on the blue Verify via SMS.

Step 7: Verify The Code

Finally, follow the on-screen instructions to verify the code you have received.

So these are the step-by-step procedures to set up a bank account on WhatsApp using Android and iPhone. If you want to know how to send and receive payment on WhatsApp, then go to the headings mentioned below.

How Does WhatsApp Banking Work?

WhatsApp banking is a way to conduct transactions through the messaging app WhatsApp. The app allows users to send and receive money, as well as pay bills. In order to use WhatsApp banking, you must first register for the service with your bank. After registering, you will be able to access the WhatsApp banking menu within the app. From there, you can choose the transactions you want to make.

Is WhatsApp Payment Free?

WhatsApp Payments is a free service that allows you to send and receive money from your friends and family. The app is available on Android and iPhone. To use WhatsApp Payments, you must have the latest version of the app and a bank account linked to your phone number.

WhatsApp has not released details about how the payment service works or how it will be used. It is unclear if there will be a fee for using the payment service or if it will be supported by advertising.

How Safe Is WhatsApp Banking?

How Safe Is WhatsApp Banking?

WhatsApp banking is a new, convenient way to transfer money between friends and family. But how safe is it? WhatsApp banking uses the same security protocol as regular WhatsApp messaging, which is considered very secure. However, there have been a few cases of WhatsApp banking fraud in Europe, so it’s important to be aware of the risk and take precautions when using this service.

How To Remove Your Bank Account From WhatsApp Pay?

Deleting your linked bank account on WhatsApp Pay on your Android and iPhone devices is even simple. If you don’t want to use WhatsApp Pay for some reason, then you can remove your bank debit card from it. Just follow these steps:

Step 1: Open WhatsApp

Open WhatsApp on your computer by tapping the icon from your homepage.

Step 2: Go To Settings

Now, go to the settings of your account on display.

Step 3: Click On The “Payments” Option

Choose the “Payments” option from the drop-down menu.

Step 4: Choose The Bank Account

Select your associated bank account from the list.

Step 5: Remove Your Bank Account

If you want to remove your bank account from the app, please tap on the “Remove Bank Account” button.

Step 6: Confirm The Cancellation Process

Finally, confirm the cancel WhatsApp Pay action on your iPhone and Android.

This way, you can easily remove your linked bank after Set Up Bank Account on WhatsApp.

How To Send Payment On WhatsApp?

Using the Payment methods on WhatsApp, you can send money to the user who has WhatsApp pay and also the one who doesn’t have WhatsApp pay, and it is very easy to do so. If you want to send payment on WhatsApp, follow the below steps.

Step 1: Open the WhatsApp Application

First, open the WhatsApp app and log in to your account.

Step 2: Tap On The Message Icon

Then, Under CHATS, tap on the message icon.

Step 3: Choose A User

Choose the user you want to transfer payment to and open the chat.

Step 5: Click On The Three Dots

After you open the chat with the user, click on the three dots.

Step 6: Select Payment

Then, select Payment.

Step 7: Press Send By Following The On-Screen Instructions

Now, follow the on-screen instruction and press send to transfer the payments.

That’s it, this is how you transfer payment from Whatsapp. And even if your friend doesn’t have a Whatsapp wallet then you can transfer them using another payment method and also by scanning the QR code option.

How To Receive Payment On WhatsApp?

There are two ways to receive payment on WhatsApp. Consider a case where the sender has WhatsApp and another case where the sender does not have a WhatsApp. There’s a way for both cases, which I have discussed below:

Receive Payment On WhatsApp From WhatsApp Pay

If the sender has WhatsApp pay, they will directly send it to your WhatsApp wallet. Follow the steps below to transfer money from WhatsApp.

Receive Payment On WhatsApp Who Doesn’t Have WhatsApp Pay

If the sender doesn’t have WhatsApp pay and you need the payment anyhow on Whatsapp, then you can share your WhatsApp UPI ID where they can share the transfer, and it will be added to your WhatsApp Pay.

What Is The Payment Limit On WhatsApp?

If you are using WhatsApp Pay in India, then you will have a daily Rs 1,00,000 or $1000 payment limit to your account, which is One Lakh Indian Rupees or One Thousand dollars per day.

There has been no other way to increase the day sending and receiving limit on WhatsApp Pay until now. The Payment Limit on WhatsApp has been set by the Reserve Bank of India in order to prevent any misuse of the service.

Frequently Asked Questions (FAQs)

Here are some frequently asked questions related to the topic collected from the internet, and you might want to go through the answers if you also have queries as such.

What Is The Payment Limit On WhatsApp?

The user’s daily transfer limit is Rs. 1,00,000, and the Indian government has also imposed a threshold limit of Rs 1 lakh for transfers made through WhatsApp Pay.

Can I Send Money Internationally With WhatsApp?

WhatsApp’s payment functionality is only accessible in a few countries and on specific devices only. You can use WhatsApp to send and receive money from friends, family, and, in the future, businesses in countries such as India and Brazil.

Why Is WhatsApp Call Not Connecting?

There might be various reasons behind the WhatsApp calls not connecting. So, take time and follow these five ways to solve calls not connecting on WhatsApp:

  • Restart Your Device
  • Check Your Internet Connection
  • Grant Necessary Permissions
  • Clear All WhatsApp Cache
  • Reinstall or Update your WhatsApp

Why Is My WhatsApp Not Installing Or Updating On My Device?

There are various reasons why WhatsApp is not installed or updated on your device. For example: sometimes there might be some minor error with the application, an incompatible version, or due to the device you are using.

How to Hide Last Seen Status on WhatsApp?

You can easily hide your last seen status on WhatsApp by going into settings and managing your privacy. It is a very easy and simple process.


Lastly, if you have your authorized bank account and want to add it to WhatsApp then here in this article you will find the step-by-step procedure to set up a bank account on WhatsApp and send or receive payment from WhatsApp. Follow the steps mentioned above to solve your problem.

Besides, if you have any queries or suggestions regarding this article, then you can leave us a comment in the comment section below. I am always here to help you out with your problems.

And for more helpful guidance on WhatsApp, go to WhatsApp Tips.

Thank You.

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