Local Bank Account (Zambia)

How to send USD to a Zambian commercial bank account from Devdraft, how the exchange rate and cash-out fee work, and how to track your transfer.

Sending Money to a Zambian Bank Account

Devdraft lets you send USD that arrives as Zambian Kwacha (ZMW) in a recipient’s bank account, paid out through Devdraft’s Zambia cash-out network. This guide covers choosing a recipient, entering an amount, reviewing the rate and fees, confirming, and tracking the transfer.

This isn’t limited to a fixed list of banks. Any commercial bank operating in Zambia can receive a payout through the cash-out network — you don’t need to check a bank list before sending.

How Recipients Receive the Money

You send USD from your Devdraft balance. Devdraft converts it to Zambian Kwacha and deposits it straight into their bank account — the same way a regular local bank transfer would arrive.

Sending Money

1. Tap Send

   From your account home screen, tap Send.

2. Choose Bank

   On the Send screen, choose how you want to send money:

   Option	What it does
   Bank	Send via bank transfer, ACH, Wire, SEPA
   Mobile Money	Send to mobile money accounts
   Blockchain	Send crypto to blockchain addresses
   Devdraft User	Send directly using an email or @tag

   Tap Bank.

3. Choose a recipient

   Select an existing recipient from your list, or add a new one.

   To add a new recipient, tap New recipient → Add a bank account and enter their bank details. Once saved, they’ll appear in your recipients list for future transfers.

4. Confirm the recipient's details

   Tapping a recipient opens their details — name, account type, and masked account number (e.g. Bank · …0678). From here you can tap Send money, or use Edit / Remove to manage the recipient.

5. Enter the amount

   Enter how much USD you want to send.

   There’s a minimum send amount — currently 30 USD. Amounts below this will show “Minimum is 30 USD” and you won’t be able to continue.

   Tap Continue once you’re happy with the amount.

6. Review the transfer

   The Review screen shows the full breakdown before you send:

   Field	What it shows
   To	The recipient’s name
   You send	The USD amount leaving your balance
   Rate	The USD-to-ZMW exchange rate applied, e.g. 1 USD ≈ 18.93 ZMW
   Cash-out fee	The fee for converting and paying out to a Zambian bank account, shown in ZMW
   Recipient gets	The final ZMW amount the recipient will receive
   Arrives	Estimated delivery time, typically 1–3 business days

   A note under the breakdown confirms this explicitly: Paid out in Zambia via the cash-out network. The rate is an estimate; the final amount is confirmed at settlement.

   The rate shown is an estimate — the final ZMW amount is confirmed at settlement, since exchange rates can move slightly between review and payout.

7. Send

   Tap Send to confirm the transfer.

After You Send

You’ll see an On its way confirmation showing the amount sent, the recipient, and the estimated arrival window. From here you can tap Done to return to your account.

Tracking Your Transfer

Every transfer appears in your Transactions list as a Withdrawal, with its current status and how long ago it was sent.

Tap any transaction to open Transaction Details, which shows:

Field	Notes
Status	e.g. Payment Submitted, Payment Success, Failed
Type	Withdrawal
Date & Time	When the transfer was initiated
Currency	The currency sent, e.g. USD
Reference	A unique transaction reference you can copy

From this screen you can tap View Receipt for a downloadable record of the transaction, or Get Help if something looks wrong.

If a transfer shows as Failed, the funds are not deducted from your available balance — you can review the details and try again, or reach out via Get Help if you’re unsure why it failed.