Lots of people lavished their money, on unnecessary things. As Kuda users, there are ways to save money on this bank app. In this article, I will show you how to save on Kuda Bank.

How to Save on Kuda Bank
How to Save on Kuda Bank

Welcome to the world of Kuda Bank, where financial empowerment and smart money management go hand in hand. In today’s fast-paced and dynamic world, saving money has become more important than ever. Whether you’re saving up for a dream vacation, a down payment on a home, or simply building a safety net for unexpected expenses, Kuda Bank is here to help you achieve your financial goals.

In this guide, we will walk you through some effective strategies and practical tips on how to save money using the features and tools provided by Kuda Bank.

How to Activate Save on Your Kuda Bank Account

To activate the save feature on your Kuda bank, follow the steps below:

  • Take up your phone and login into your Kuda Bank App
  • Once you are on the homepage, click on the Save button and then on the Save Now button located at the top right of your screen.
  • Click on the “spend and save” button from the options shown on your screen
  • Find the toggle at the top right of your screen and turn it on
  • Tap on the pencil icon beneath the “Percentage To Save” section,
  • Set a percentage you want to save when you spend from your account and tap on the checkmark.

However, the chosen percentage of the amount of an outgoing transaction will be deducted and transferred to your wallet.

You can also see your total savings on the ‘Save’ section of your dashboard along with all the incoming savings transactions.

How to Withdraw from the Spend and Save Wallet of the Kuda App

To transfer your saved funds from your savings account to your main account, which is referred to as ‘Spend,’ follow these simple steps:

  • Open the Kuda Bank app and navigate to your dashboard.
  • Locate and tap on the ‘Save’ option.
  • Within the ‘Save’ section, find and select the ‘Saved’ tab.
  • Look for the ‘Withdraw’ button and tap on it.
  • Enter the specific amount you wish to withdraw from your savings account.
  • To complete the withdrawal process, tap on the ‘Withdraw’ button located at the top right corner of your screen.
  • Your savings will be promptly credited to your main account, also known as ‘Spend.’

One of the advantages of using Kuda Bank is the flexibility it offers in terms of withdrawals. Unlike other savings platforms, Kuda Bank does not have specific withdrawal days. This means you have the freedom to withdraw your funds at any time without incurring any additional fees or charges.

Additionally, you can adjust your savings percentage whenever necessary. This gives you full control over the amount you save, allowing you to modify it according to your changing financial needs.

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