How to buy treasury bills with MoMo

How to buy treasury bills with MoMo

Did you know you can buy treasury bills with your MTN MoMo account?

Treasury Bills are short-term government securities that are typically sold through government agencies or central banks. The process for buying T-Bills using MoMo

Here’s how to apply.

TO APPLY FOR TBILL

Dial *170#
Enter 5 for Financial Services
Enter 4 for Pension and Investments
Enter 2 Buy Treasury Bills
Select 2 to Apply
Choose Tenure
Enter Amount
Select or Approve Next of KIN
Select 1 to proceed with payment
Enter MM PIN
You will receive a notification for a successful transaction

Which Bank can I buy Treasury bills in Ghana

You can buy Treasury Bill from any bank in Ghana,

GCB,

GTBank

Bank of Africa

Ecobank

Acess Bank

Bank of Ghana

Alternatively way to buy TBILL

1. Contact Your Bank or Financial Institution:
Reach out to your bank or financial institution to inquire if they offer the option to purchase Treasury Bills using mobile money. Some banks or financial institutions may have partnerships with government agencies or central banks to facilitate such transactions.

2. Download Relevant Apps:
If your bank offers mobile banking or a dedicated app for purchasing financial instruments like T-Bills, download and install the app on your mobile device.

3. Register and Verify Your Account:
If you haven’t already, you’ll likely need to register for mobile banking services and link your bank account to your mobile number.

4. Access the T-Bill Section:
Open the banking app and navigate to the section dedicated to purchasing Treasury Bills or government securities. This section might be labeled differently depending on the app.

5. Choose Your T-Bill:
Select the type of Treasury Bill you’re interested in purchasing. T-Bills usually come with different maturity periods (e.g., 3 months, 6 months, 1 year), and their interest rates may vary.

6. Enter Amount and Payment Method:
Enter the amount of money you want to invest in Treasury Bills. Then, select mobile money (MoMo) as your payment method.

Confirmation

7. Confirm the Transaction:
Review the transaction details and confirm the purchase. The app might provide you with information about the T-Bill, including the interest rate, maturity date, and total amount invested.

8. Complete the Transaction:
Follow the prompts to complete the transaction using your mobile money account. This might involve entering your mobile money PIN or providing any additional authentication requested by the app.

9. Receive Confirmation:
After completing the transaction, you should receive a confirmation message or email confirming your purchase of the Treasury Bill. This confirmation might include details such as the transaction reference number, T-Bill details, and the amount invested.

10. Monitor Your Investment:
Use the mobile app to monitor your T-Bill investment, including updates on interest accrual and the maturity date.