Kuda USSD Code 2024: Transfer, Buy airtime, Deposit, Check Balance, Loan, Everything You Need!
Kuda Bank is one of the fastest-growing digital banks in Nigeria, serving millions of customers and offering multiple digital banking services to ease activities within the financial sector. This microfinance bank has branches and customers across all parts of Nigeria. The Kuda USSD Code is what they use in initiating a mobile service.
If you need a bank that you can open in minutes and start using immediately, Kuda Bank is an intelligent choice. This article will explain everything you need about their services, features, loan options, and future expectations.
Key Features
Kuda Microfinance Bank consists of different digital products and services for Nigerians. These range from helping customers save money to sending and receiving payments to getting loans, and it goes on. This section talks about the features of this digital-only bank. Some of these include:
Personal and business accounts
A Kuda personal account gives you access to various products and services. You can save, spend, budget, and borrow money. A savings account is the first account level, and it comes with a transfer limit.
A business account, on the other hand, is a more advanced account for business owners. It has more benefits compared to a savings account. You can sign up right away without any paperwork.
Kuda loans
Kuda offers overdrafts to qualified applicants. No hassle or embarrassment. Just a 0.3% monthly interest rate.
Kuda overdrafts allow qualified applicants to borrow a particular sum of money. To be qualified for this feature, you must use the bank regularly.
Save & spend
There’s a feature for budgeting and saving your money. You can set an automatic savings, which deducts an agreed part of your money and transfers it to ‘Savings.’ Preferably, you can place an auto-lock feature that blocks access to the funds until a particular date.
No minimum balance requirements
You don’t need a certain minimum balance to avoid fees or earn interest. This makes it one of the best choices in the digital banking sector.
Easy management
Kuda Bank is designed to make online banking convenient for users. You can navigate easily from sending a payment to getting a loan or creating a budget.
Low fees
The digital banking is designed for the general public, which makes it affordable. For this reason, Kuda charges the lowest fees, no maintenance fees, and no ATM withdrawal or transfer fees.
Kuda USSD Code for Various Purposes
Kuda is growing faster than the general public had imagined. It is worth more than $500 million, thanks to the development of the Kuda USSD Code for general purposes. Below are some services you can access with the Kuda USSD code:
Kuda bank transfer USSD code
The Kuda USSD code works for a majority of their products and services. This includes sending money directly from your account to another. Log in to the app and scroll underneath to find the USSD code option. But before then, you may need to register an account and input the necessary information, document, and phone number. The number will be used to verify you in the future.
Kuda app airtime recharge USSD code
Kuda Bank is yet to include the USSD codes for airtime recharge. However, the company is working towards it, which may likely exist shortly.
Kuda USSD code for balance check
The Kuda bank offers a way to check the allocated sum of money still available to you. You can do this by dialing *894# and following the instructions. After you have followed due procedures, your balance will appear on the screen.
How to Send Money from Zenith Bank to Kuda Via the USSD Code
Zenith Bank allows customers to add money to their Kuda account. Below are steps to follow if you must initiate this transaction:
- Dial *966*amount*Kuda bank account#
- You’ll find Kuda Bank under the “other banks” or “more” section.
- Complete the transaction by entering your PIN.
How to Transfer Money from Wema Bank to Kuda Bank
If you’re curious about sending money from your Wema Bank to your Kuda personal account via the USSD code, you’re in the right place. Here’s what you should do:
- Dial *945# on the device you used for registering your Wema Bank.
- Check the drop-down menu and choose the ‘send money’ option.
- Enter the Kuda account number and select ‘next.’
- Microfinance Institution of Choice is Wema’s option.
- Enter your PIN to complete the transaction.
How to Top-off Your Account Using An ATM Card
When depositing into your Kuda account, it is only fitting that you use a debit or credit card. Paystack, Interswitch, and the like perform this kind of transaction. They charge a token to access their respective platforms.
However, it is essential to note that only upgraded users can initiate such a transaction. To upgrade your Kuda Bank, you must produce your BVN and documents: a National ID, an international passport, a voter’s card, or a driver’s license. It is impossible to become eligible without any of these identifications.
Benefits of Kuda
Aside from Kuda Bank being a digital platform with a USSD Code for a wide range of services, it is also beneficial in other ways. Below are some benefits of Kuda Bank:
Affordability
Kuda Bank is free and open to everyone. You only need an identity—the digital app requests basic information to set up an account. In addition to the zero opening fee, users can use the bank without outstanding fees.
Convenience
The bank is convenient to use. You have everything at your disposal. You can save, spend, and pay bills. Your money is well allocated, and you can access it anytime, any day. When you think that’s all, there’s a customer representative available 24/7 to attend to customers.
Digital banking features
Stay on top of your finances with Kuda Bank’s exciting features. A notification is sent to users for every transaction initiated. The digital bank, in general, is convenient and easy to manage. You can make free transfers and bill payments. More importantly, you can manage your funds without leaving your home.
Kuda Bank Competitive Advantage
When it comes to banking, Kuda has one of the most reliable customer service. This is what differentiates the bank from other platforms. Their customer service is top-notch. Below are some other factors that set Kuda Bank apart:
User-friendly mobile app
The app is designed to fit into any mobile device. No bugs. You can easily navigate from one page to the other. And more importantly, you have access to all the digital products and services via the mobile app.
Reliable Support
The support teams are always accessible, friendly, and determined to answer customers’ inquiries. These people are just a call or message away. You can relate your problems with any customer representatives to get a solution. With a 24/7 support team, you can always get answers to your inquiries whenever you need them.
Customer-centric approach
Kuda Bank stands out because of its approach to customers. Whether through low fees or zero maintenance, the platform is designed to make banking more accessible for users. Every feature is included to help users manage their funds quickly. Kuda puts customers first in every instance. This is why you can always gain access to their products without having to go through complicated means.
Easy account setup
The digital banking has an easy account setup process. With just a few taps, you can create a personal account that you can use immediately. Within minutes, you’re done with the registration. You don’t need to visit any physical branch.
FAQ
Is Kuda Bank Legit? Is it Good, Reliable & Safe to Use?
Yes. Kuda Bank is a fast digital-only platform that makes banking more accessible for users nationwide and beyond.
Kuda Bank USSD Code to Check Balance, buy Airtime, Loan & Transfer
The code is *894#.
FairMoney Vs. Kuda Bank and Carbon – Which is the best?
It depends. Both platforms serve a unique purpose.
Conclusion
Kuda Bank has helped ease the financial activities of customers nationwide. The digital bank firm is keen on satisfying customers. New inventions are generally added to the bank to ensure a smooth and safe transaction with others on the app. An example is the Kuda USSD Code.
Kuda Microfinance Bank Nig. Ltd is licensed by the Central Bank of Nigeria and insured by the Nigerian Deposit Insurance Corporation (NDIC). While the bank runs an entirely digital banking system, a physical branch for assessing customers’ inquiries is available with a registered address at 1-11 Commercial Avenue, Yaba, Lagos, Nigeria.
