How to Transfer Money from Branch Wallet to Bank Account

Branch is a popular finance app that offers convenient loans without requiring collateral. Apart from loans, the app provides various features for saving and investing. One common challenge new users face is transferring and withdrawing money from their Branch account to their bank account. In this post, we’ll guide you through the simple steps to transfer money from your Branch Wallet to your bank account quickly and easily.

Step-by-Step Guide on How to Transfer Money from Branch Wallet to Bank Account

Transferring money from your Branch account to your bank account is straightforward and hassle-free. Follow these simple steps to complete the process:

Step 1: Log In

  1. Open the Branch app on your device.
  2. Log in to your account using your credentials.

Step 2: Initiate Transfer

  1. Once you’re logged in, locate and tap the ‘Send Money’ button. This is typically found on the main screen or in the menu options.

Step 3: Enter Recipient Details

  1. In the designated fields, enter the account number of the bank account you want to send money to. Make sure to double-check the account number to avoid errors.
  2. Next, input the specific amount you intend to send.

Step 4: Authorization

  1. For security purposes, you’ll need to enter your Branch PIN to authorize the transaction. This step ensures that only you can initiate the transfer from your account.

Step 5: Confirm and Send

  1. Review the details of the transaction to ensure accuracy, including the recipient’s account number and the amount.
  2. Once you’re certain that all details are correct, tap the ‘Send’ button to initiate the transfer.

FAQs

How do I transfer money from my Branch Wallet to my bank account?

To transfer money from your Branch Wallet to your bank account, open the Branch app and go to the “Payments” or “Withdraw” section. Choose the “Bank Transfer” option, enter the required bank details, including the bank name, account number, and routing number. Specify the amount you wish to transfer and confirm the transaction. The transfer will be processed, and the funds will appear in your bank account typically within 1-3 business days.

Are there any fees for transferring money from Branch Wallet to a bank account?

Yes, Branch may charge a small fee for bank transfers, which varies depending on the transfer amount and the destination bank. It’s advisable to check the fees in the app before confirming the transaction. The fee is usually displayed at the final step before completing the transfer.

How long does it take for money to transfer from Branch Wallet to a bank account?

Transfers from Branch Wallet to your bank account typically take 1-3 business days. However, depending on your bank’s processing time, it may take longer. Keep in mind that weekends and public holidays can also affect the transfer time.

Can I transfer money from Branch Wallet to any bank account?

Yes, you can transfer money to most Nigerian bank accounts. Ensure that the bank account details you enter are accurate, including the bank’s name and account number. If the transfer fails due to incorrect details or other issues, you will be notified through the app, and you’ll need to correct the information before retrying.

Conclusion

Transferring money from your Branch Wallet to your bank account is a simple process that can be completed in just a few minutes. By following these easy steps, you can quickly access the funds you need for your intended purposes. Whether you’re using the money for everyday expenses or investments, the Branch app makes it convenient to manage your finances effectively.

Also Read: 10 Best Loan Apps Without ATM Card in Nigeria