25 free transactions per day without any hidden charge, free ATM card, and 24/7 smooth online banking, all with one Kuda account. Are you not missing out on something so important? See how to transfer money from Kuda Account to Any Bank without any bank charge. Don’t have an account yet? See how to create a Kuda Bank account in a few minutes even without any money.
Kuda Bank is one of the leading online banking service providers in Nigeria with a headquarters in Lagos. Though some people prefer to say that it lacks a physical office for financial transactions in states in Nigeria, unlike traditional banks such as Access Bank, Zenith Bank, etc, anyone with an internet-enabled device and basic banking knowledge can effectively do bank transactions and bill payment using a smartphone app or utilizing USSD Codes.
This article will guide you through the process of moving money from Kuda Bank to other banks and the important USSD codes you need to carry out financial transactions on the app.
Overview of Kuda Bank
Kuda Bank is a Lagos and London-based internet bank that is licensed by the Central Bank of Nigeria (CBN). It is the first of its sort in Nigeria, as all its operations are digital. Kuda Bank is an innovative online bank, featuring many digitized means of executing transactions.
To boost its online and offline activities, Kuda Bank partners with other top financial institutions in Nigeria such as GTBank, Zenith Bank, Polaris Bank, etc. Apart from the use of the mobile App, you can send money from other banks to your Kuda bank account via USSD codes.
How to Transfer Money from Kuda Bank to Other Banks
Transferring money from one bank to another can sometimes be a hassle, but with Kuda Bank, it is effortless and straightforward. Here is a step-by-step instruction on how to transfer money from Kuda Bank to other banks in Nigeria.
- Log into your Kuda Bank account: The first step is to log into your Kuda Bank account using your phone number and password. Once you are logged in, you will be directed to the dashboard.
- Click on “Transfers” on the dashboard
- Navigate to the “Transfers” section, and click on it to open the transfer page.
- Select “Send Money”
- You will be given two options: “Send Money to a Kuda Account” and “Send Money to Other Banks.”
- Select “Send Money to Other Banks.”
- Select the “Send Money to Other Banks” option to proceed with the transfer.
- Enter Recipient’s Bank Details: Enter the recipient’s bank details, which include the bank name, and account number. Ensure that you enter the right details to avoid any problems or delays. Always double-check the details before proceeding with the transfer.
- Enter Amount: Enter the amount you wish to transfer. If you wish to transfer more than the daily limit, you will have to make the transfer in batches, and it is advisable to confirm with the recipient’s bank if they have a limit on the amount they can receive.
- Confirm Transfer: After entering the recipient’s bank details and the amount you wish to transfer, click on ‘Continue.’ You will be directed to a confirmation page where you can review the details of the transfer. Make sure to double-check all the transfer details before clicking on the ‘Confirm’ button. Once you’ve confirmed the details, you will be prompted to enter your four-digit PIN, which is the same one you use to log into your account.
After entering your PIN, the transfer will be initiated, and you will receive a notification indicating that the transfer was successful.
In addition, both Kuda Bank and the recipient’s bank will send you a confirmation SMS. With these few simple steps, you can now easily send money to anyone using the Kuda App. Just make sure you have enough money in your account to pay the transfer.
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Here’s a step-by-step explanation of how to send money from your Kuda Bank account to another Nigerian bank account using the Kuda App:
- Download the Kuda App from your app store and sign in or sign up.
- Open the app, and navigate to “Pay” in the menu.
- Choose “Send To Bank Account.
- Choose the bank where you’re sending the money.
- Enter the account number
- Type in the amount you want to send.
- Include a message if needed.
- Use your PIN, fingerprint, or Face ID to authenticate.
- Tap “Okay” for the transaction to process and return to your dashboard.
USSD Codes for sending money to Kuda accounts From Other Banks
It has never been easier to transfer money to your Kuda account from other banks. With the convenience of USSD codes, you can instantly send funds to your Kuda account using your registered phone number. Each bank has its unique USSD code and processes to ensure a hassle-free transfer experience. Below, we present you with complete instructions on using USSD codes for transferring money to your Kuda account from several banks.
How to send money to my Kuda account using First Bank USSD
Using your registered phone number, call *894*amount*kuda account number#.
Follow the prompts on your phone to finish the transfer.
How to send money to my Kuda account using GTBank USSD
Using your registered phone number, dial *737*50*amount*416#.
Follow the prompts on your phone to finish the transfer.
How to send money to my Kuda account using Zenith Bank USSD
To transfer funds to your Kuda account, simply dial *966*amount*Kuda account number# using the phone number you have registered.
- Select ‘Other Bank’
- To find Kuda Microfinance Bank, select ‘More’.
- Complete your transfer.
How to send money to my Kuda account using Wema Bank USSD
Using your registered phone number, dial *945#.
- Select ‘Send Money’ by entering in 3.
- Then, key in 2 to select ‘Other Banks’.
- Type in your Kuda bank account number.
- Select ‘Next’ by filling in 9.
- To pick ‘Kuda MFB’, send 1.
- Complete your transfer.
Alternatively, for short, use your registered phone number, dial *945*Kuda account number*amount#, and follow the prompt on your phone.
FAQs on How to transfer money from Kuda Account
How can I transfer money from Kuda to any bank online?
The process of transferring money from Kuda Bank to other banks and on the Kuda App is the same as that of transferring money from Kuda to any bank online.
Can I send money from Kuda to other banks?
Yes, you can. You can use the process of transferring money from Kuda Bank to another bank. You can also use the USSD code.
How can I transfer money from one bank to another instantly?
Transferring your money between accounts at other banks is straightforward, especially because many digital methods are readily available for free.
You can move money from one bank to another one online in a few steps:
- Log into your bank’s website or log in via the bank’s app.
- Click on the transfer feature and choose transfer to another bank.
- Enter the routing and account numbers for the account at the other bank.
- Make the transfer.
- Your bank may request documentation that you are the owner of the other account. The transfer usually will take one to two days or maybe more if verification is needed.
