How to tell if Bank Account is not fully linked to your Ghana Card

Can you tell if your Bank Account is not fully linked to your Ghana Card?  Do you know what to do if the bank has not completed the process for you?

Find all the answers to these questions in this post.

Currnetnly in Ghana, all financial transactions are required to use the Ghana Card as evidence of identity as per BoG. Also, in accordance with the bank’s Know Your Customer requirements, it will make sure that your personal information is kept up to date by the bank. This requirment means both the banking individual and the bank msut work together to ensure the Ghana card is linked to the account.

How to tell if Bank Account is not fully linked to your Ghana Card -ALL THE TIPS

If your Bank Account is not linked to your Ghana Card, you will be paying the govrnment tax on every transfer you make from your Momo to your bank account.

Per the directive from the government through the NCA, all bank accounts must be linked to the Ghana Card of the owners.

Although many Ghanaians have gone through the process of linking their Ghana card to their bank accounts, they are unable to tell if they have been successful.

If your card is not completely linked to your account, you may have serious issues in the near future. But the question is, even without going to the nearest branch of your bank, how can you confirm that the bank has not completed the linking of the card to your account?

Currently, if you have linked your mobile phone (Momo number) to your bank account, you should be able to transfer money from your bank account to your mOmo and vice versa.

When your Ghana card is successfully linked to your bank account, you will not be charged an amount as tax when you deposit money into your bank account from your Momo Wallet.

That is how it should work, just as you are not supposed to be charged any tax if you transfer money from one momo to the other in an instance where both are linked to the same Ghana card.

READ: How to check merged SSNIT to Ghana Card Number To CAGD Status: Step-by-step guide

Now, if you are charged tax each time you make a transfer from your Momo to your bank, it means there is an incomplete linking of the Ghana Card to your bank account.

To resolve this issue, visit your bank and lodge an official complaint. Go along with your bank details and your Ghana card to verify that the bank has completed the merger for you. Ensure that the correction is made so that you are not charged a 1% tax each time you fund your bank account from your momo.

We hope this explanation has been useful and that you will take the necessary steps now to save you from paying taxes on your deposit.

Now that you can tell if your Bank Account is your bank account is fully linked to your Ghana Card or not, take action.

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