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

How to Transfer money from Safeboada Wallet to Bank or Mobile Money Account-ugtechmag.com
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Recently, we showed you how to withdraw money from the SafeBoda agent as it was the only option available. However, with the fast evolution and updates on the SafeBoda app, you can now withdraw money from your SafeBoda wallet to your designated bank or mobile money account (MTN & Airtel).

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Started in 2015 as a cyclist mobility connector between riders and passengers, SafeBoda has superseded to on-demand courier service and money transfer platform. SafeBoda users can now order a ride, food, and other basic needs, top-up or save money on their wallet, send and withdraw money, pay utility bills and buy airtime on the SafeBoda app.

All money withdrawal transactions on the SafeBoda app, come with a low bearable charge, unlike other platforms for transactions between UGX 5,000 to UGX 3,000,00. For instance, for SafeBoda wallet to bank transfers, users are charged only UGX 1,000 and for SafeBoda wallet to mobile money transfer, the charge is UGX 500.

How to transfer money from Safeboada Wallet to mobile money Account

1. Launch the SafeBoda App on your Smartphone.

2. Under the My Wallet section at the top of the screen, tap on the Withdraw option.

3. From the displayed Withdraw options, select Mobile Money.

4. Enter the mobile money number you wish to withdraw or send the money to.

5. Confirm that the Recipient Name is correct and click/tap Continue.

6. Select the amount you wish to withdraw, if it’s not listed, select Other and enter the amount.

7. Confirm the transaction details and click Confirm Withdraw,

8. Enter your SafeBoda Wallet PIN to send.

How to transfer money from Safeboada Wallet to mobile money Account-ugtechmag.com

How to transfer money from Safeboada Wallet to Bank

1. Start the SafeBoda app on your mobile.

2. Under the My Wallet section at the top of the screen, tap on the Withdraw option.

3. From the displayed Withdraw options, select Bank.

4. A list of available banks will be displayed for you to choose from. Choose your target bank. At the moment, you can only send money to 6 popular banks namely KCB, Stanbic, Equity, ABSA, DFCU, and Centenary bank.

5. Enter the Bank Account details including the name and account number. 

6. Input the amount you wish to send and confirm the transaction with your Wallet PIN.

How to transfer money from Safeboada Wallet to mobile money Account-ugtechmag.com

Quick Note: All SafeBoda to Bank transactions take place between 9 AM to 5 PM on working days.