How much can PalmPay receive with BVN and without BVN?

Read all about how much can PalmPay receive with BVN and without BVN.

PalmPay is a mobile banking wallet that allows you to earn rewards for completing actions on the app. You can complete actions like money transfer, buying airtime, depositing on your betting platform, paying electricity bill, paying cable bills and many more.

You can download the PalmPay app from Google Playstore or from the iOS app store and you can register on the app by providing the required details.

You can register on the PalmPay app for free and you can start sending and receiving money. If you want to know how much PalmPay can receive with BVN and without BVN, then you will need to continue reading.

In this post, I am going to be writing about how much can PalmPay receive with BVN and without BVN. Remember to leave us a comment after you finish reading and also share with your friends on social media.

Let’s get into it then….

Read my post on Can PalmPay account be traced

How to register on PalmPay?

Follow the below instructions to sign up on PalmPay:

• Setting up a PalmPay app is fast and easy
• After downloading the PalmPay App from the Google Play or iOS App Store;
• Launch the PalmPay App
• Tap ‘Sign up / Login PalmPay’ on the bottom on the screen.
• Tap ‘Sign up’
• If prompted to ‘Allow PalmPay to access this device’s location?’, tap ‘Allow’.
• Enter your ‘Mobile number’ and friend ‘Invitation code’ if you have one.
• Tap ‘Agree & Next’.
• You will receive a one-time password (OTP) shortly.
• Enter the OTP.
• You will be prompted to set your 4-digit PIN, and enter in your desired pin twice and you have registered.

How much can PalmPay receive with BVN and without BVN?

PalmPay operates a three tier banking system:

1. Tier 1
2. Tier 2
3. Tier 3

Tier 1

The Tier 1 has a daily transaction limit of 50,000 naira and a maximum balance of 300,000 naira i.e. you can only transact a maximum of 50,000 naira per day and you cannot have more than 300,000 naira in your Palmpay account.

When you register an account with PalmPay, you will automatically be placed in the Tier 1.

Tier 2

The Tier 2 has a daily transaction limit of 200,000 naira and a maximum balance of 500,000 naira i.e. you can only transact a maximum of 200,000 naira per day and you cannot have more than 500,000 naira in your Palmpay account.

When you upgrade your PalmPay account by providing your Bank verification number, you will be placed in Tier 2.

Tier 3

The tier 3 account has a daily transaction limit of 500,000 naira and an unlimited maximum balance. i.e. you cannot transact with more than 500,000 naira daily but you can have an unlimited amount of money in your PalmPay account.

If you want to be placed in Tier 3, you will need to upgrade your account by providing a Valid ID like national identity card, voter’s card, international passport and also a proof of address like your Utility bill.

PalmPay customer care

Read my post on how to open PalmPay account

If you want to contact PalmPay, you can do that via the following channels:

Email: Support@palmpay.com

Phone: 018886888

Conclusion

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