Kuda USSD Code: How to Transfer Money from Kuda Bank (2024)

Kuda Bank is a digital bank in Nigeria that offers a variety of features, including free transfers to other Nigerian bank accounts.

How to choose the best way to transfer money from Kuda Bank

There are a few factors to consider when choosing the best way to transfer money from Kuda Bank:

  1. Transfer fees: Some methods of transferring money charge fees, while others are free. Kuda Bank offers 25 free transfers to other Nigerian bank accounts every month. After that, you will be charged a fee of ₦50 per transfer. There is no fee for transfers to Kuda usernames.
  2. Transfer speed: Some methods of transferring money are faster than others. For example, transfers to other Nigerian bank accounts are usually instant, while international transfers can take up to 5 business days to be processed.
  3. Exchange rates: If you are transferring money to an international bank account, you will need to consider the exchange rate. Kuda Bank uses competitive exchange rates for international transfers, but you can compare the rates offered by different providers to make sure you are getting the best deal.
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Transfer money from Kuda Bank to another Nigerian bank account

money transfer
money transfer

Follow these steps:

  • Open the Kuda app.
  • Tap Pay.
  • Tap Send to bank account.
  • Choose the beneficiary’s bank.
  • Type in the beneficiary’s account number.
  • Type in the amount you want to send.
  • Confirm the transfer.

You can also transfer money to a Kuda username, following these steps:

  • Open the Kuda app.
  • Tap Pay.
  • Tap Send to @username.
  • Type in the username and search.
  • Tap the username.
  • Type in the amount you want to send and a note.
  • Confirm the transfer.

Transfer money to an international bank account from Kuda Bank

Follow these steps:

  • Open the Kuda app.
  • Tap Pay.
  • Tap Send to international bank account.
  • Choose the beneficiary’s countryType in the beneficiary’s bank details.
  • Type in the amount you want to send.
  • Confirm the transfer.

Kuda Bank USSD Code

banking on phone
banking on phone

Kuda Bank does not have a official USSD code. All transactions you need to carry out apareto be done in their official mobile app.

Fees and limits

Kuda Bank offers 25 free transfers to other Nigerian bank accounts every month. After that, you will be charged a fee of ₦50 per transfer. There is no fee for transfers to Kuda usernames.

The maximum amount you can transfer per day is ₦500,000. The maximum amount you can receive per day is ₦1 million.

Tips for transferring money from Kuda Bank

  1. Verify your account: Before you can make transfers, you will need to verify your Kuda Bank account. This can be done by providing your government-issued ID and a selfie.
  2. Enter the correct beneficiary information: When making a transfer, be sure to enter the correct beneficiary information, including the beneficiary’s name, bank account number, and bank code.
  3. Review the transfer details: Before you confirm a transfer, be sure to review the transfer details carefully to make sure that everything is correct.
  4. Keep your Kuda app up to date: Make sure that you are using the latest version of the Kuda app to avoid any problems with transfers.
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FAQs

How long does it take to transfer money from Kuda Bank to another Nigerian bank account?

Transfers to other Nigerian bank accounts are usually instant. However, it may take up to 24 hours for the transfer to be processed by the beneficiary’s bank.

How long does it take to transfer money from Kuda Bank to an international bank account?

International transfers can take up to 5 business days to be processed.

What are the exchange rates for international transfers from Kuda Bank?

Kuda Bank uses competitive exchange rates for international transfers. You can view the current exchange rates on the Kuda Bank website.

Can I transfer money from Kuda Bank to a bank account in my name?

Yes, you can transfer money from Kuda Bank to a bank account in your name. However, you will need to verify your account before you can make transfers.

What is the maximum amount I can transfer from Kuda Bank?

The maximum amount you can transfer per day is ₦500,000. The maximum amount you can receive per day is ₦1 million.

Conclusion

Kuda Bank makes it easy to transfer money to other bank accounts, both in Nigeria and internationally. By following the tips above, you can ensure that your transfers are fast, secure, and affordable.

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