Welcome, today we’ll be discussing on Kuda Bank USSD Transfer Codes: How To Transfer Money From Kuda To Other Banks
Kuda Bank is a digital bank that lets you do banking using your phone. You can use USSD codes to transfer money from your Kuda account to other banks.
USSD stands for Unstructured Supplementary Service Data. It is a way to send instructions to the bank using your phone’s keypad.
Kuda Bank is a leading digital bank in Nigeria that enables banking services directly from your phone. Kuda offers an easy way to transfer money from your Kuda account to other banks using USSD codes.
USSD stands for Unstructured Supplementary Service Data and is a protocol used by GSM phones to communicate with the mobile network operator. USSD codes allow you to access mobile banking services through your phone’s dial pad without internet access.
This article provides a step-by-step guide on how to transfer money from Kuda Bank to any other bank in Nigeria using the USSD transfer facility.
About Kuda Bank
Kuda Bank is a digital-only bank licensed by the Central Bank of Nigeria. It was founded in 2019 and launched operations in September 2019.
Kuda Bank aims to deliver affordable, stress-free banking services to Nigerians through its user-friendly mobile app. It does not operate any physical branches or outlets.
As of 2022, Kuda Bank had over 3 million customers and processed annual transactions worth over $10 billion. It offers savings accounts, current accounts, fixed deposits, debit cards, loans and more.
Benefits of Kuda Bank USSD Transfers
Here are some key benefits of using Kuda’s USSD codes for money transfers:
- Real-time transfer – Money reaches recipient bank instantly
- Works offline – No internet/data required, only basic GSM signal
- Convenience – Initiate transfer from anywhere at any time
- Secure – Protected by PIN authorization
- Cheaper – Only normal SMS charges apply, no transfer fee
- Accessible – Available on both smartphones and feature phones
Step-By-Step Guide To Transfer Money From Kuda Using USSD
3. Confirm Transfer Status
- You will receive an SMS confirming transfer is processing
- Check transfer status in Kuda app transaction history
- Money debited from your Kuda account instantly
- Recipient will receive funds in few minutes
USSD Code Format Explained
*894*AMOUNT*ACCOUNTNUMBER*BANKCODE#
- 894 – Kuda Bank transfer code
- AMOUNT – How much you want to send
- ACCOUNTNUMBER – 10-digit account number of recipient
- BANKCODE – 3-digit code of recipient’s bank
Initiate Transfer To Other Bank
Dial *894*AMOUNT*ACCOUNT NUMBER*BANK CODE# (e.g. *894*5000*0112837777*058#)
Enter amount you wish to transfer
Enter recipient’s 10-digit account number
Enter recipient bank code (e.g. 058 for GTBank)
Review details and call to initiate transfer
Enter your Kuda PIN when prompted
Maximum Daily Transfer Limit
Kuda Bank allows up to 3 successful transfers daily via USSD up to 500,000 Naira limit. The limit resets at 12 midnight daily.
Tips For Smooth Kuda USSD Transfers
- Check your balance first before transferring
- Start with small test transfers to confirm recipient details
- Note transaction reference details for tracking
- Transfer during Kuda working hours
- Save beneficiary details for future transfers
- Contact Kuda support if any issues
Tips For Smooth Kuda USSD Transfers
- Check your balance first before transferring
- Start with small test transfers to confirm recipient details
- Note transaction reference details for tracking
- Transfer during Kuda working hours
- Save beneficiary details for future transfers
- Contact Kuda support if any issues
Frequently Asked Questions About Kuda Bank USSD Transfer Codes: How To Transfer Money From Kuda To Other Banks
Here are some answered FAQs about Kuda Bank USSD Transfer Codes: How To Transfer Money From Kuda To Other Banks
Is Kuda USSD transfer free?
Yes, Kuda does not currently charge fees for transfers via USSD. You only pay your standard SMS cost.
What is the maximum transfer amount per day?
You can transfer up to 500,000 Naira daily via Kuda USSD in maximum 3 transactions.
How long do Kuda USSD transfers take?
Most Kuda USSD transfers complete within few minutes. Maximum time is 2 hours.
Can I transfer to any Nigerian bank account?
Yes, you can send money from Kuda to any valid commercial bank account in Nigeria.
What if my Kuda USSD transfer fails?
Contact Kuda Bank customer care immediately if your transfer fails for assistance and resolution.
Is Kuda USSD code same as transfer code?
Yes, the USSD code *894# is popularly known as Kuda transfer code.
Can I get account statement via Kuda USSD?
No, USSD is only for transactions. Use Kuda app or website to get account statements.
Is Kuda USSD code free from all networks?
Yes, Kuda USSD works from all mobile networks in Nigeria without extra charges.
Does Kuda allow cash deposits via USSD?
No, you cannot deposit cash into Kuda account via USSD. Use bank branch or agent for cash deposits.
How do I reset my PIN for Kuda USSD transactions?
You can reset your Kuda USSD PIN within the Kuda mobile app using Forgot PIN option.
Conclusion
Kuda Bank offers a fast, reliable and affordable option to transfer money instantly to any bank through easy USSD codes.
Follow the step-by-step process, use the right transfer format, set transaction limits and save beneficiary details for smooth transfers. Contact Kuda support if any issues.
With Kuda’s user-friendly USSD facility, you can transfer money on-the-go from anywhere.
Now you know about Kuda Bank USSD Transfer Codes: How To Transfer Money From Kuda To Other Banks. Read more on how to sign up on Kuda Bank
