Bangladesh Bank has introduced new guidelines for adding money from bank cards to personal mobile financial service (MFS) accounts. According to a circular issued on Tuesday, users must now complete a token transaction of up to 500 taka when linking a card to an MFS account for the first time. Regular transactions using that card can begin 24 hours after the token transaction is successfully completed.

The central bank stated that this is a temporary measure. Starting August 1, the token transaction will no longer be required if the MFS account is verified to be registered under the same name as the cardholder. In that case, users can directly link their cards for add-money transactions.

Additionally, all add-money transactions from cards to MFS accounts must be categorized as fund transfers rather than merchant payments. Card issuers must also ensure that the beneficiary wallet number is visible during transactions. If these requirements are not implemented by July 31, the add-money feature via cards will be suspended from August 1.