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Understanding the Bamboo Wallet

Yanmo avatar
Written by Yanmo
Updated over a year 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 'US Stocks' on the app homepage and then click on 'Breakdown'.

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

  1. On the Bamboo homepage, click US Stocks

  2. Click on 'Breakdown'

  3. Click on 'Transfer to Bamboo Wallet'

  4. Enter the amount and click 'Transfer'

  5. Once this is done, you can then proceed to the homepage of your app, click on the USD wallet to withdraw your funds

  6. However, if you are withdrawing to an NGN bank account, you will be required to transfer the funds from your USD wallet to your NGN wallet

To do this;

  1. Click USD wallet

  2. Click 'Transfer'

  3. Type the amount to be transferred then click 'Continue'

  4. Enter your Transaction PIN then complete the process

  5. Afterward, you can proceed with withdrawing to your bank account

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

  1. On the homepage, click on the '+' sign beside 'Your total wealth'

  2. Choose your preferred Wallet for the deposit to be reflected in

  3. Type in the amount depending on the currency selected then click the deposit icon

  4. Select your preferred payment method

  5. Complete the payment

Alternatively, scroll down to 'Bamboo Wallets' and choose your preferred Wallet for the funds to reflect in.

  • Click 'deposit'

  • Type in the amount depending on the currency selected then click the deposit icon

  • Select your preferred payment method

  • Complete the payment

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