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PhonePe allows users to initiate monetary transactions seamlessly from their mobile or tablet devices. However, for the transfer to work, you will have to link your bank account to PhonePe.
In this article, we’ll explain how to add two accounts in PhonePe.
How to add bank account on PhonePe?
The process of adding one bank account and multiple bank accounts on PhonePe is similar. We already have one account linked to PhonePe, so follow the instructions given below to add two or more accounts.
- Open PhonePe and then tap on your profile picture at the top left of the screen.
- Now, select Bank Accounts to see the list of all the bank accounts that are currently linked to your PhonePe profile.
- Tap on Add New Bank Account at the bottom panel.
- After that, select the bank.
- Tap on Proceed to Add.
- Finally, tap on Done.
You can use these steps to add multiple bank accounts on PhonePe easily. Remember, you can only add those bank accounts that are linked to the mobile number that you are using on PhonePe. For bank accounts with a different mobile number, you can log out from PhonePe and log in with that number. Or, you can update your current number with the bank.
Also read: How to increase PhonePe limit?
Why you should add two or more accounts to PhonePe?
Adding multiple bank accounts on PhonePe or other such platforms can be quite handy and serves various purposes, including:
- Ease of business: You can switch between different bank accounts while doing transactions easily on PhonePe. This provides an ease of doing transactions.
- Organisation: You can keep your business or work and personal accounts separate on PhonePe thereby organising your finances better.
- Flexibility: You can assign one account for a particular payment such as monthly bills and another account for other types of payments.
- Enhance your credit score: PhonePe provides credit options and linking multiple bank accounts shows that you have stable finance and hence can get credit on the platform easily.
In conclusion, adding two or more bank accounts on PhonePe is quite easy and involves only a few steps to complete. The only thing that you must remember is that you can only link those bank accounts that use the same mobile number that is linked on PhonePe.
