Bamboo's funding process is powered by Flutterwave.
Flutterwave provides you with a broad range of options to fund your Bamboo wallet. 

These options include:

NGN OR USD Card

  1. We accept all MasterCard, VISA and Verve cards as well as your American Express and Discover cards.

  2. It usually takes 1-2 business days for funds to settle into your Bamboo Wallet when funding using this option, except you select the Instant Deposit option. All funds will be settled before the close of the U.S. Stock Market at the end of the business day.

  3. The deposit charge with a Naira card is 1.4%. This charge is capped and will not exceed ₦2000.

  4. The deposit charge with a USD card is 2.9%.

NGN Mobile Bank Transfer

  1. You can transfer to us from your Naira bank account.

  2. It usually takes 1-2 business days for funds to settle into your Bamboo wallet when funding using this option, except you select the Instant Deposit option.

  3. The deposit charge for the Naira bank transfer option is ₦150 regardless of the amount being deposited.

NGN Internet Bank Transfer

  1. You can deposit using your bank's internet bank transfer gateway.

  2. It usually takes 1-2 business days for funds to settle into your Bamboo wallet when funding using this option, except you select the Instant Deposit option.

  3. The deposit charge for deposits with the Naira internet bank transfer option is 1.4%. This charge is capped and will not exceed ₦2000.

Pay with Barter

 1. Users with a Flutterwave Barter account can also fund their wallets using this option.

2. It usually takes 1-2 business days for funds to settle into your Bamboo wallet when funding using this option, except you select the Instant Deposit option.

3. The deposit charge for deposits with Barter is 1.4%. This charge is capped and will not exceed ₦2000.

USD Wire Transfer

  1. You can deposit using a wire transfer to our US brokerage partner's USD bank account.

  2. Once you make the deposit, please email us a photo of your wire transfer confirmation to wires@investbamboo.com. Remember to include your full name, phone number and contact information in the email body.

  3. It takes 4-8 business days for funds to settle in your Bamboo wallet using this option.

  4. There is no deposit fee on our end for Wire Transfers but your bank's charges may apply.

Please note these for the wire transfer option:

  • Deposits are only accepted from bank accounts in your name. Transfers from third parties or corporate accounts will be rejected with a penalty of $80.

  • Please add your brokerage account number in the narration of the transfer, or it will be rejected.

  • This option cannot be used on your first deposit on Bamboo.

  • The Instant Deposit option is unavailable for this payment method.

  • There is a holding period of 30 days before you can withdraw funds that were deposited via wire transfer using electronic means e.g. via TransferWise. This means you will not be able to withdraw these funds for 30 days.‍ You can read more about this here

Instant Deposits

You can use our Instant Deposit option to fund your Bamboo wallet quicker than the standard deposit option.

The Instant Deposit option is available from 9:30 am - 6:30 pm Nigerian time.

Please note that the Instant Deposit option is not available on your first deposit on Bamboo.

There is an additional fee of 0.1% on instant deposits, with a minimum fee of $1 and a maximum fee of $10. This means that if 0.1% of the amount you are depositing is more than $10, the extra fee will be $10. However, if 0.1% of the amount you are depositing is less than $1, the extra fee will be $1.

The instant deposit fee is an additional fee to the already existing deposit fee for each payment method above. E.g. the Naira bank transfer fee is ₦150. If your instant deposit fee is $1 at an exchange rate of ₦480 for example, and you choose the Naira bank transfer option, you will pay a total deposit fee of ₦630.

To access any of these payment options:

  1. Tap the Account icon in the bottom right corner of your IOS or Android App. 

  2. Tap Deposit Money.

  3. Enter the deposit amount you want to fund with, there is a $20 minimum per deposit.

  4. Choose your preferred funding option and follow the on-screen instructions.

Please note:

If you deposit from a Naira payment option, you can only withdraw to a Naira account.

If you deposit from a USD payment option, you can only withdraw to a USD account.

If you make deposits from both payment options, the percentage of deposits from one channel is the percentage of withdrawals that can be made to that same channel. E.g. If 20% of your deposits are from the USD Debit/Credit card option on the app, then 20% of withdrawals will also be to a USD account.

​Withdrawals to a Naira account have a 45 Naira fee. Withdrawals to a USD account have a $45 fee.

The minimum withdrawal amount to a Naira account is ₦300. The minimum withdrawal amount to a USD account is $500.

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