How to Transfer Money from UBA to Kuda Bank Without a Dedicated USSD Code.
Kuda Bank is a popular Nigerian digital bank that offers modern banking services via mobile apps and cards. On the other hand, UBA is one of the major traditional banks in Nigeria with an extensive branch network.
Many UBA customers may need to transfer funds or make payments to a Kuda account from time to time. However, as of 2024, there is no direct USSD code available to make transfers specifically from UBA Bank to Kuda Bank accounts.
Nevertheless, UBA customers can still transfer money to Kuda accounts quickly and easily using the following alternative methods:
Option 1: Make Transfers via the UBA Mobile App
The UBA mobile banking application provides a convenient way to transfer funds instantly to Kuda and other bank accounts without needing to visit a branch. Here is how to use it:
Step 1: Login to Your UBA Mobile App
On your smartphone, open the UBA mobile banking app and login with your account credentials. These include your account number and mobile banking PIN/password.
Step 2: Navigate to “Transfers”
Once logged into your UBA account, go to the Transfers menu within the mobile app. This allows you to make transfers to UBA and other bank accounts.
Step 3: Select “Other Banks”
Under the Transfers section, choose the option for “Other Banks” since you need to transfer money from UBA to an external bank account at Kuda.
Step 4: Search for and Select Kuda
You now need to search for and select Kuda from the list of other banks available. The full name is “Kuda Microfinance Bank.”
Step 5: Enter the Recipient’s Kuda Account Number
Next, you have to input the 11-digit account number of the Kuda account you want to transfer funds to. Verify that this account number is correct.
Step 6: Input the Transfer Amount
Specify the naira amount you wish to transfer from your UBA account to the recipient’s Kuda account.
Step 7: Review and Confirm Details
Carefully review the transfer details to ensure the recipient account number and amount are accurate with no errors.
Step 8: Authorize the Transfer
If all details are correct, authorize the funds transfer using your UBA mobile banking PIN or OTP sent to your registered phone number.
The money will instantly be debited from your UBA account and reflected in the recipient Kuda account.
Option 2: Use the UBA USSD Code for Transfers to Other Banks
In absence of a specific USSD code to Kuda, you can use UBA’s general USSD code for transfers to other banks:
Step 1: Dial *919#
On your mobile phone, dial *919# to initiate the UBA interbank transfer via USSD.
Step 2: Select Bank Transfer
Follow the prompts and select the option to make a bank transfer or move money from UBA to another bank.
Step 3: Input Kuda Account Number
When prompted, enter the valid 11-digit account number of the Kuda account recipient.
Step 4: Enter Transfer Amount
Next, input the amount you wish to transfer to the Kuda account.
Step 5: Confirm Details
Verify all the transfer details like amount and recipient account number displayed on the screen.
Step 6: Enter Authorization PIN
Finally, input your UBA mobile banking PIN when prompted to authorize and complete the funds transfer.
The money will be immediately debited from your UBA account and reflect in the Kuda account.
Option 3: Make Transfers via UBA Internet Banking
UBA clients can also use the bank’s online internet banking platform to seamlessly transfer money to Kuda accounts:
Step 1: Login to UBA Internet Banking
On your computer or smartphone web browser, access the UBA internet banking portal and login with your credentials.
Step 2: Go to “Funds Transfer”
Once logged in, go to the Funds Transfer or Transfers section of UBA internet banking.
Step 3: Select “Transfer to Other Bank”
Under Funds Transfer, choose the option for transfers from UBA to other banks.
Step 4: Search for and Select Kuda
You will need to search for and select Kuda Microfinance Bank from the list.
Step 5: Input the Recipient’s Account Details
Enter the valid 11-digit Kuda account number of the recipient you wish to transfer money to.
Step 6: Specify the Transfer Amount
Key in the amount in naira that you want to transfer from your UBA account to the Kuda account.
Step 7: Verify Details and Confirm
Cross-check that all details like amount and account number entered are accurate.
Step 8: Authorize Transaction
If all the details are correct, authorize the transfer using your UBA internet banking credentials.
The money will be deducted from your UBA account and reflect in the recipient’s Kuda account within minutes.
Key Notes and Considerations
When transferring money from UBA to Kuda without a direct USSD code, keep the following in mind:
- There is currently no dedicated *919# USSD code from UBA to Kuda.
- Leverage UBA’s mobile app, standard USSD for interbank transfers, or internet banking instead.
- Accurately enter the 11-digit Kuda account number of the recipient.
- Cross-check amount and details before authorizing transactions.
- Updates may be introduced in future, so check UBA’s website and app.
Frequently Asked Questions (FAQs)
Here are some common questions about transferring money from UBA to Kuda without a USSD code:
What is the charges for transfers from UBA to Kuda?
UBA charges a flat fee of N50 for interbank transfers to Kuda and other banks via mobile and internet banking. The same N50 fee applies when using the *919# USSD code.
Can I make the transfer instantly or do I have to wait?
Transfers via UBA mobile/internet banking and USSD to Kuda accounts are instant. The money reflects in the recipient’s Kuda account within minutes.
Is there a limit on transfer amount via the USSD method?
Yes, UBA currently allows a maximum of N40,000 per day for transfers via their standard interbank USSD code. Higher limits apply when using the app or website.
Do I need to have an existing Kuda account to transfer money to it?
Yes, you can only make transfers to an already existing valid Kuda account. You cannot transfer to a non-existent account.
How do I confirm if the transfer to Kuda was successful?
You will get a notification in your UBA app/internet banking confirming completion. The recipient will also get an alert in their Kuda app showing account credit.
Conclusion
In conclusion, transferring money from UBA Bank to Kuda Bank accounts is straightforward using UBA’s robust mobile and internet banking facilities despite absence of a tailored USSD option exclusively for Kuda transfers.
Customers can conveniently make instant, low-cost interbank transfers to Kuda accounts digitally without needing to visit a branch. With the fast-growing adoption of mobile and digital banking, dedicated USSD codes are becoming less essential for routine transactions.
ALSO SEE:
How to Activate Kuda Bank USSD Code
How to Open Kuda Bank Account with USSD Code