How to Transfer Money From Safeboda Wallet to a Bank Account or Mobile Money

Safeboda Wallet

The SafeBoda Wallet is one of the most common features of the SafeBoda Super App. Besides enabling you to use the app for more than just rides, the SafeBoda Wallet ensures that your digital payment experience is the very best. 

You can easily transfer money from your wallet to that of other users. You can also transfer money to other bank accounts at a minimal cost when compared to what the 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 money 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 this, follow these steps.

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

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


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


How to Transfer Money from SafeBoda Wallet to a 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 on ‘Withdraw’.
  2. Select the bank option. A list of available banks will be displayed for you to choose from.
  3. Enter the bank account details, including the name and account number. 
  4. Input the amount you wish to send and confirm the transaction with your wallet PIN.

The available bank options on the SafeBoda App are KCB, Stanbic Bank, Equity Bank, ABSA Bank, DFCU Bank, and Centenary Bank. The transaction charges are only UGX 1,000.

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The SafeBoda Wallet is a Bank of Uganda-approved safe and secure wallet that you can use to send and receive money, recharge airtime & data bundles, pay utility bills, shop online, or pay friends/vendors. 

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 charge. Let us know in the comment section if you have ever used the wallet and if this feature of withdrawing funds to your mobile money number is something you are excited about.

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