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What payment options are available?
What payment options are available?
Yanmo avatar
Written by Yanmo
Updated over a year ago
  • For Nigeria

Here are the deposit options available:

  1. Direct Bank Transfer/Wallet Top-Up

You can transfer to us from your Naira bank account.

The deposit charge for the direct bank transfer option is ₦100 regardless of the amount being deposited.

When you make the transfer, the amount will be deposited into your Naira Wallet.

2. NGN Debit/Credit Card

We accept all MasterCard, VISA and Verve cards.

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

3. USD Debit/Credit Card

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

The deposit charge with a USD card is 2.9%.

4. Brokerage Account Funding

This option enables you to fund your brokerage account directly by making a USD wire transfer (via ACH, international wire, or domestic wire).

When a wire deposit is made to this account, your stock buying power is credited and you can use the amount to buy stocks/ETFs.

It takes 1-4 business days for the funds to reflect.

Only Bamboo users with active brokerage accounts can use this option.

There is no deposit charge for this option. However, your bank's transfer charges may apply.

Funds must be sent from an account in your name. Money deposited from bank accounts not in your name will not be honoured and will be rejected.

There is a holding period of 30 days before you can withdraw funds that were deposited via wire transfer. This means that after the deposited funds reflect in your brokerage account, you will not be able to withdraw these funds for 30 days.‍ You can read more about this here.

  • For Ghana

Here are the deposit options available:

  1. GHS Card

You can make a deposit with your GHS card using the Paystack option on Bamboo.

It usually takes 2-3 business days for funds to settle into your Bamboo Wallet when funding using this option.

The deposit charge with the card payment option is 1.95%.

2. Mobile Money

You can make a deposit via Mobile Money using the Paystack option on Bamboo.

It usually takes 2-3 business days for funds to settle into your Bamboo Wallet when funding using this option.

The deposit charge with the card payment option is 1.5%.

3. Brokerage Account Funding

This option enables you to fund your brokerage account directly by making a USD wire transfer (via ACH, international wire or domestic wire).

When a wire deposit is made to this account, your stock buying power is credited and you can use the amount to buy stocks/ETFs.

It takes 1-4 business days for the funds to reflect.

Only Bamboo users with active brokerage accounts can use this option.

There is no deposit charge for this option. However, your bank's transfer charges may apply.

Funds must be sent from an account in your name. Money deposited from bank accounts not in your name will not be honoured and will be rejected.

There is a holding period of 30 days before you can withdraw funds that were deposited via wire transfer. This means that after the deposited funds reflect in your brokerage account, you will not be able to withdraw these funds for 30 days.‍ You can read more about this here.

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