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Kuda account limit (Tier 0, Tier 1 and Tier 3 account limit)
Read all about Kuda account limit.
Kuda bank is mobile first and they have no physical bank to carry out transactions. This means that all its transactions are carried out on mobile.
Kuda bank is registered and licensed by the Central bank of Nigeria (CBN) and their registration number RC796975. It is headed by CEO Babs Ogundeyi.
If you want to know how much your Kuda bank account can receive/hold, then you will need to continue reading this post.
In this post, I am going to be writing about Kuda account limit, Kuda tier 1 account limit, Kuda tier 3 account limit and more.
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Let’s get into it then…
Kuda account limit
Kuda bank operates a three tier account system. When you register on the app, you will be placed in tier 0 and you can upgrade to tier 1 or Tier 3 by providing the required information.
- Tier 0
- Tier 1
- Tier 3
An account that doesn’t have a confirmed BVN and a valid ID (a driver’s license, voter’s card, international passport, national ID card or NIN slip).
The Tier 0 account has a limit of 0 naira. You cannot transfer money from this account.
An account that has a confirmed BVN but doesn’t have a valid ID attached to it is a Tier 1 account. This account has a daily transaction limit of 50,000 naira and has a maximum balance of 300,000 naira.
An account that has both a confirmed BVN and a valid ID attached to it is on Tier 3. This account has a daily transaction limit of 1 million naira and has an unlimited account balance i.e. there is no limit to how much you can have in your account.
If you want to upgrade your Kuda bank account, you will need to upload your Valid ID and add your BVN.
Kuda bank customer care
Kuda bank don’t have a physical office since it is a mobile bank, so you can only contact them via the following channels, in order to get your issues resolved:
Phone number: 01 633 5832
Email address: help@Kuda.com
You can also Tap MORE on the Kuda bank app to chat with the customer service representative.
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