Is account number the only option to send and receive money?

• Related Articles

• What is a favara ID?

  An account alias is used to easily recognize you on favara. You can create an favara ID using your email address, mobile number, or ID card number that you have provided to the bank. You can use this ID to identify customers during favara request and ...

• How do I know that money is going to the correct account?

  Once you enter the account number or favara ID, the name of the account will be visible. Please make sure all details match before sending the request.

• Can I send money abroad using Favara?

  No! this is only for domestic transfers

• Are there any transactions limits on favara?

  For favara transfer you can send up to MVR 50,000. Favara request is limited to MVR 5,000 These limits may change

• How do I know that the money is transferred?

  You will always receive a payment slip and you can download the payment slip from MIB Internet banking or Mobile Banking app. Also, you will receive a SMS notification once the payment is deducted from your account.