All Collections
Understanding the Bamboo Wallet
Understanding the Bamboo Wallet
Yanmo avatar
Written by Yanmo
Updated over a week ago

Your Bamboo Wallet enables you to easily move money to a Fixed Returns investment or to your stock brokerage account for a stock purchase.

On the other hand, you can move money from your stock brokerage account to your Bamboo wallet to withdraw to your bank account or to invest it in Fixed Returns. Additionally, once the tenor for your Fixed Returns investment ends, the money will also go to your Bamboo wallet from where you can withdraw it or reinvest it in stocks or Fixed Returns.

When you initiate a stock purchase or a Fixed Returns investment, you will have the option to complete the transaction with money already in your Bamboo wallet or with a new deposit from your bank account or card.

To see the Buying Power and Withdrawable Cash in your stock brokerage account, click on Portfolio Breakdown under Stocks on your Bamboo app homepage.

You can transfer money in your stock brokerage account to your Bamboo wallet by following these steps:

  1. On the Bamboo homepage under Stocks, click on Portfolio Breakdown

  2. Click on "Transfer to Bamboo Wallet"

  3. Enter the amount and click 'Transfer'

  4. It may take some time for the money to move from your brokerage account to your Bamboo Wallet. You can proceed to the Account page on your app to withdraw your funds to your bank account if you wish to

You can also fund by Bamboo wallet by following these steps:

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

  2. Tap Deposit

  3. Enter the deposit amount you want to fund with, there is a $10 minimum per deposit.

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

  5. Deposits reflect instantly in your Bamboo wallet but may take up to 1 hour.

Did this answer your question?