How to Transfer Money from Safeboda Wallet to Bank Account or Mobile Money

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The SafeBoda wallet is one of the most common features of the SafeBoda Super app. In addition to allowing you to use the application for more than just journeys, the SafeBoda Wallet ensures that your digital payment experience is the best.

You can easily transfer money from your wallet to other users. You can also transfer money to other bank accounts at minimal cost compared to what other platforms charge.

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You can send money either to your own account from the SafeBoda wallet or to a recipient’s bank or mobile account, even if the recipient is not a SafeBoda app user.

How to Transfer Money from SafeBoda Wallet to Mobile Money

At the moment, you can only transfer money from your SafeBoda wallet to your Airtel Money account. To do so, follow these steps.

  1. Open the SafeBoda app on your mobile and click ‘Withdraw‘.
  2. Select the Mobile Money Option.
  3. Enter the mobile number and confirm the name of the recipient
  4. Select the amount you want to send
  5. Confirm transaction details with your Wallet PIN

Keep in mind that it only costs you 500UGX to finalize the transaction.


ALSO READ: SafeBoda vs Wave Mobile Money: How do they compare in Uganda?


How to Transfer Money from SafeBoda Wallet to Bank Account

To transfer money from your SafeBoda wallet to a bank account, follow these steps.

  1. Open the SafeBoda App on your mobile and click ‘Withdraw‘.
  2. Select the banking option. A list of available banks will be displayed for you to choose from.
  3. Enter the bank account detailsincluding the name and account number.
  4. Enter the amount you want to send and confirm the transaction with your Wallet PIN.

The banking options available on the SafeBoda app are KCB, Stanbic Bank, Equity Bank, ABSA Bank, DFCU Bank, and centenary Bank. The transaction fee is only 1,000 UGX.

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SafeBoda Wallet is a safe and secure Bank of Uganda approved wallet that you can use to send and receive money, top up airtime and data plans, pay utility bills, make online shopping or paying friends/suppliers.

You can transfer money from your wallet to another person’s wallet for free, as well as from a wallet to a bank account at the lowest cost. Let us know in the comments section if you have used the wallet before and if this functionality of withdrawing funds to your mobile money number is something you are passionate about.

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