Many bank account holders think Kuda Bank has a dedicated USSD code that can be used to carryout offline transactions within the banking system. But it's a big NO.
Although, Kuda allows you to use USSD codes to add money to your Kuda account from other banks in Nigeria, but the bank itself doesn't actually have a dedicated USSD code for its own services.
In other words, Kuda doesn't have a USSD code that can be activated or used to perform banking activities such as funds transfer, bill payments or checking account balance.
In a nutshell, you can only use Kuda Bank USSD service to make payment or add money to your Kuda Account.
What is Kuda USSD Code?
Kuda USSD code service is a functionality that allows Kuda Bank users to add money to their Kuda Account and also make payment to merchants. Kuda Bank USSD Code is not meant for functionalities like balance checks or money transfers. Kuda only focuses on its mobile banking app for a streamlined user experience.
Furthermore, it's important to note that there's no activation process for the Kuda USSD codes; they're generally pre-enabled by your bank. Just dial the specific code for your bank and follow the instructions given on your Kuda app to complete transaction/payment.
How to Pay with USSD on Kuda
Pay with USSD on Kuda allows you to make secure in-store payments without needing your physical debit card. It utilizes USSD codes to connect your phone to the payment network. Here's how to pay with USSD code on Kuda:
- Initiate in the Kuda App: Open the Kuda app and navigate to the "Pay" section. Look for "USSD" and then click on it.
- Authorization Code Retrieval: The page will display a unique code space. Enter the USSD code you retrieve from your merchant website.
- Merchant Interaction: Next, tap on "Next". Then, the Kuda will then communicate with your merchant's website using USSD for verification.
- Payment Confirmation: Your Kuda app will prompt you to confirm the transaction using your fingerprint, Face ID, or transaction ID. Upon confirmation, the payment is processed.
- Payment Completion: You'll receive confirmation on both the merchant website and your Kuda app, indicating a successful transaction.
Note, Pay with USSD only works for merchants within Nigeria and may also incurs a transaction fee compared to free transfers within the Kuda app. The fee incurs depends on the transaction amount. However, Pay with USSD is a convenient option when you don't have your card or prefer a contactless payment method.
How to add Money to Kuda using USSD
You can add funds to your Kuda account from another Nigerian bank account using their USSD money transfer service. Each bank has a unique USSD code for this functionality. Here's how to add Money to Kuda using USSD code:
- Identify the Sending Bank's USSD Code: Look for the USSD money transfer code for the bank you plan to transfer from. However, Kuda Bank currently accept funding via USSD code from First Bank, Wema Bank, Polaris Bank, Access Bank, GTBank and Zenith Bank.
- Initiate Transfer via USSD on Kuda: Login to your Kuda App. Tap "Add Money" and go-to "USSD" page. On the page, you'll see the list of eligible Banks. Next, copy your Kuda Account Number and dial the specific USSD code for your bank and follow the prompts on your phone's screen. These prompts will typically guide you through selecting "send money," choosing "other banks" (if applicable), and entering the Kuda account number and transfer amount.
- Complete the Transfer: Once you enter the required details, follow the on-screen instructions to authorize the transaction using your bank's verification method (PIN or token).
The funds should be reflected in your Kuda account shortly after a successful transfer. Remember, individual banks might have transaction fees or limits for USSD transfers. Be sure to check with your bank for any specific details.
Alternatively, you can simply dial the code for your bank directly from your registered mobile number and input your Kuda Bank Account Number where it's required. For GTBank, dial *737*50*100*416#. For Zenith Bank, dial *966*100*KUDAACCOUNTNUMBER#. For Access Bank, dial *901*100*KUDAACCOUNTNUMBER#. For FirstBank of Nigeria, dial *894*100*KUDAACCOUNTNUMBER#. For Wema Bank, dial *945*KUDAACCOUNTNUMBER*100#. And for Polaris Bank, dial *833*100*KUDAACCOUNTNUMBER#.