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Bank transfer options on Kuda Business

Anietie avatar
Written by Anietie
Updated yesterday

Kuda Business offers various transfer options to meet your diverse business needs:

  • Single Transfer: Send money to one recipient at a time

  • Multiple Transfer: Pay up to 20 people in one transaction

  • Bulk Transfer: Send money to up to 1000 recipients simultaneously

Each option is designed to streamline your payment processes and save you time.

Auto-Pick Bank for Single Transfers

Auto-pick bank helps you send money faster by automatically suggesting the most likely bank once you enter an account number. No need to scroll through a long bank list — we’ve got you covered.

How It Works

When you enter a valid account number during a single transfer, Kuda checks it and suggests the bank that best matches the details provided.

How to Use Auto-Pick Bank

Step 1: Go to Payment → Single Transfer

  • Log in to your Kuda app.

  • Tap Payment, then select Single Transfer.

  • Select the account you’re transferring from “Choose Source Account

Step 2: Enter the Recipient’s Account Number

  • Type in the recipient’s 10-digit account number.

  • Kuda will automatically process the number and suggest the most likely matching bank.

  • If the account number belongs to a saved beneficiary or appears in your recent transfers, it will show up under Recent so that you can select it quickly.

Step 3: Confirm the Suggested Bank

  • Check that the suggested bank matches the recipient’s actual bank.

  • While the system has about 90% accuracy, always confirm before proceeding, especially for high-value transfers.

  • If the account number belongs to a saved beneficiary or appears in your recent transfers, it will show up under Recent, so you can select it quickly.

Good to Know

  • You can always change the bank manually if the suggestion isn’t what you expect.

  • Auto-pick bank is designed to save time, but you’re always in control of the final details.

Sending money should be simple — and that’s exactly what auto-pick bank is here to do 💜

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