How to Add, Change or Remove Bank Account from PhonePe App

Are you looking for ways to add, change, or remove bank accounts from the phonepe app in 2022? If so, add bank account in phonepe with some useful tricks may be a perfect solution. 

So, in this post, you will learn how to add a single or multiple savings accounts and a current account in PhonePe.

Yeah, you read it right. You can add a new bank account if you already have another bank account. 

Why Bank Account is Mandatory in PhonePe App

Many people think phonepe is a digital payment platform, so why do we need to add a bank account? Yes, you are right phonepe is the fastest-growing UPI-based platform which offers multiple features like recharge, bill payment, DTH, cards, Broadband payment, metro card, electricity, water bill and many more. 

Phonepe has an inbuilt wallet system from which you can perform all the transactions, but the question arises, ‘How can you add money to the wallet’?

To add money to the phonepe wallet, you need to link a bank account with phonepe. In Phonepe, you can add a savings account as well as a current account. 

Saving Account

A Savings account is an account which is used to save your money for the long term. You will get a fixed interest rate on your balance, and you must maintain a minimum amount in your savings account.

Current Account

The current account is used where there are frequent transactions and multiple translations. If you are using your phonpe account for business purposes, you can add a current account. In the current account, there is no limit on withdrawal or deposit of money.

It is all up to you which type of account you want to add to your phonepe account. Before proceeding further, you need to download the phonepe app from the playstore.

How to download the phonepe app

You can easily download the phonepe app from the playstore if you use an android device; otherwise, you have to download phonepe from the app store. 

The process is similar for both android as well as ios devices.

If you download the phonepe app from my link, you will get a 25₹ welcome bonus which you can use to recharge your mobile number. 

1. First click on the link Phonepe or type: https://phon.pe/ru_ashwc0fu9.
2. It will redirect you to the playstore.
3. Click on Install & then Open the app.
4. Now you have to enter the mobile number link with your bank account.
5. Next, click on send OTP.
6. Enter OTP and other basic information like name, email id, address etc.
7. Then create your own VPA (Virtual Payment Address). 
8. Next, select your bank, which will automatically fetch the bank details linked to your mobile number.
9. Confirm the details, and your phonepe account was created successfully.

If you found any problem while adding a bank account in the phonepe app, follow the below steps:

How to add a bank account in phonepe

Before accepting payment from your phonepe, you need to add a bank account. If you follow the steps carefully, adding a bank account is not that difficult. Otherwise, you will encounter the error unable to add a bank account please try later.

1. Open your Phonepe App.
2. Tap on the menu option (hamburger sign on the top left corner).
3. Under payment methods, select + icon and add a bank account.
4. Search for your bank name.
5. Next, it will automatically fetch your bank details, and you only need to confirm them.
6. Create your UPI pin.
7. Next, Enter your working debit card details for confirmation.
8. Enter the OTP and set a four-digit or six-digit UPi Pin.
9. This Upi pin will require every time you make any transaction using phonpe.

Remove Bank Account from PhonePe

Just like you have linked your bank similarly, you can remove it. To remove your bank account follow the steps:

1. Open your phonpe app.
2. Tap on the menu option (hamburger sign on the top left corner).
3. Under payment methods, tap on the bank which you want to remove.
4. A new account details page that consists of all the account information will appear.
5. At the bottom, Click on the Unlink Bank account and confirm it.

This is how you can easily remove your account from the phonepe app.

How to change bank account in phonepe

As we are assuming, you want to delete your existing bank account and add a new bank account to your phonepe account. If so, you must first follow the remove the bank account method and then follow the add new bank account method.

Can we add multiple accounts in phonepe

Yes, you can add multiple bank accounts with phonepe. To add another or second bank account, you must follow the same method. 

1. Open your Phonepe App.
2. Tap on the menu option (hamburger sign on the top left corner).
3. Under payment methods, select + icon and add a bank account.
4. Search for your bank name.
5. Next, it will automatically fetch your bank details, and you only need to confirm them.
6. Create your VPA (Virtual payment address)
7. (Note: Each bank account has a different VPA address, so you must create it every time you add a new bank account.)
8. Next, Enter your working debit card details, expiry date, and cc number for confirmation.
9. Enter the OTP and set a four-digit or six-digit UPi Pin.

How to add bank account in phonepe without debit card | credit card

You cannot add a bank account without a debit card; a debit card is mandatory to link a bank account with phonepe. 

How to add bank account in phonepe without phone number

When you first create an account with phonepe, there is a mandatory requirement to have a mobile number registered with your bank account. So, you can create an account without a phone number. 

Additionally, your phone number must have sufficient balance to send a verification text and a working internet connection.

Conclusion: In this post, we have shared how you can add a bank account in the phonepe app. Hope this post has solved your unable to add a bank account in phonpe. If you found any problem, you can directly contact phonepe support on 022-68727374

Faq’s

Can we create a phonepe account without a debit card?

Currently, there is no such information available on the website. A debit card or credit card is mandatory to verify your bank account.