How to Transfer Money in Bettr Finance

Financial technology (fintech) is reshaping how people in South Africa and beyond manage their money. Among the rising digital-first solutions is Bettr Finance, a modern, mobile-only banking platform designed for simplicity, speed, and financial empowerment.

One of the most important services every bank or fintech must provide is the ability to transfer money safely and easily. Whether it’s paying a bill, sending funds to a loved one, or managing personal savings, money transfers are a central part of our financial lives.

In this comprehensive guide, we’ll explain how to transfer money in Bettr Finance, covering the mobile app process, online features, card payments, and local vs. international transfers. We’ll also share expert tips, highlight security measures, and answer common questions about using Bettr Finance.

What Is Bettr Finance?

Bettr Finance is a South African digital bank created to give users access to mobile-first financial services. Unlike traditional banks that require physical branches, Bettr Finance is entirely app-based, allowing customers to manage their money directly from their smartphones.

Key features of Bettr Finance:

• Mobile-only account management.
• Digital debit card for online and in-store payments.
• Easy transfers using account numbers or mobile numbers.
• Low or no monthly fees compared to traditional banks.
• Financial tools designed for millennials and digital natives.

Why Use Bettr Finance for Transfers?

There are many reasons why customers choose Bettr Finance over traditional banks:

1. Convenience: Transfers can be made anytime, anywhere using your mobile device.
2. Speed: Instant transfers between Bettr Finance users and fast EFTs to other banks.
3. Affordability: Lower fees compared to brick-and-mortar banks.
4. User-friendly app: Simple navigation designed for mobile-first users.
5. Security: Advanced encryption, biometric logins, and OTP verification.

How to Transfer Money in Bettr Finance Using the Mobile App

The Bettr Finance mobile app is the main way customers move money. Here’s how it works step by step:

Step 1: Log into Your Bettr Finance App

• Open the Bettr Finance App on your smartphone.
• Sign in using your PIN, fingerprint, or Face ID.

Step 2: Go to Transfers

• From your dashboard, tap “Transact” or “Payments & Transfers.”

Step 3: Select Transfer Type

You’ll be given multiple options:

• To another Bettr Finance user (instant, using mobile number).
• To another South African bank via EFT.
• To an international account using SWIFT details.

Step 4: Enter Recipient Information

• For Bettr-to-Bettr transfers: enter the recipient’s cellphone number.
• For EFTs: enter the bank name, branch code, and account number.
• For international transfers: provide SWIFT/BIC code and IBAN.

Step 5: Enter Amount and Reference

• Type the amount you want to send.
• Add a reference (for clarity, e.g., “rent payment”).

Step 6: Confirm and Authenticate

• Review transaction details carefully.
• Approve using an OTP (One-Time Pin) sent to your phone.
• You’ll receive instant confirmation once the transfer is successful.

Online Transfers in Bettr Finance

Currently, Bettr Finance focuses heavily on its mobile app, but you can also access some functions through the web platform:

1. Log in via the Bettr Finance website.
2. Navigate to “Payments.”
3. Enter recipient details and confirm the transaction.

This option is ideal for customers who prefer a desktop view or need to make larger transactions securely.

Transfers with Bettr Finance Debit Card

Bettr Finance also provides virtual and physical debit cards that can be used for:

• Online shopping: Paying bills or shopping online.
• Point-of-sale payments: Transferring money indirectly when buying in-store.
• ATM withdrawals and transfers: In partnership with local ATMs, you can move funds or withdraw cash.

EFT Transfers in Bettr Finance

EFT (Electronic Funds Transfer) is one of the most popular ways to send money in South Africa. Bettr Finance allows seamless EFTs:

1. Log in to your Bettr app.
2. Select “Pay by EFT.”
3. Enter the bank details of the recipient.
4. Confirm and authenticate.

Processing times:

• Bettr-to-Bettr: Instant.
• To other banks: 1–2 business days unless instant EFT is selected.

International Transfers with Bettr Finance

Bettr Finance also supports international transfers using SWIFT codes.

What You’ll Need:

• Recipient’s full name.
• SWIFT/BIC code of their bank.
• IBAN (for Europe and other supported regions).
• Purpose of payment (education, travel, family support).

Steps:

1. Open Bettr Finance App → Transfers.
2. Select “International Payment.”
3. Enter recipient details and amount.
4. Confirm after reviewing exchange rates and fees.

Security Features for Bettr Finance Transfers

Bettr Finance prioritizes digital security with:

• Biometric login (fingerprint/Face ID).
• Two-factor authentication (OTP).
• Instant notifications for every transaction.
• AI-driven fraud detection.

Bettr Finance Transfer Fees

• Bettr-to-Bettr transfers: Free & instant.
• EFTs to other banks: Low fee or sometimes free, depending on transaction size.
• Instant EFTs: May have a small additional fee.
• International transfers: Subject to foreign exchange fees and SWIFT charges.

Expert Tips for Using Bettr Finance Transfers

1. Use Bettr-to-Bettr transfers for free, instant transactions.
2. For recurring payments, set up scheduled transfers in the app.
3. Always verify the cellphone number or account number before confirming.
4. Take advantage of Bettr’s virtual card for secure online purchases.
5. Use instant EFT only when urgent to save on fees.

Frequently Asked Questions (FAQs)

1. Can I transfer money without the app?

Mostly no – Bettr Finance is mobile-first, though limited web banking is available.

2. How long does an EFT take?

• Instant for Bettr-to-Bettr.
• 1–2 business days for other banks.

3. Can I send money internationally?

Yes, but only through SWIFT transfers.

4. What happens if I send money to the wrong number?

The funds will go to that account – always double-check details before confirming.

5. Are transfers safe with Bettr Finance?

Yes, thanks to biometric login, OTP verification, and fraud detection systems.

Bettr Finance is reshaping the way South Africans transfer money. With its mobile-first approach, low fees, and instant transfer options, it offers a fast, secure, and affordable alternative to traditional banking. Whether you’re sending money locally using EFT, instantly via mobile numbers, or internationally through SWIFT, Bettr Finance ensures a smooth, modern banking experience.

For anyone looking for a future-forward way to manage money, Bettr Finance is a solid choice for quick and secure transfers.