Are you just hearing about Kuda Bank Account? Do you want to open a Kuda bank account, If you wish to have an account with Kuda then you have to create one. Kuda Bank users have been very appreciative due to the tons of things they can perform with their accounts.
Through this page, you will be able to get all the information you need on how to Open a Kuda Bank Account Step by step.
What is Kuda Bank Account
Kuda bank account is a microfinance bank account that can transfer, receive, and save money digitally. Kuda is licensed by a central bank and aims to help its users get the best out of their money. This bank is also known as the money app for Africans.
What Kuda Bank Account Uses
There are tons of benefits when it comes to the use of Kuka Bank accounts. It allows users to open accounts quickly, easily, and free. You do not have any paperwork. Once you have an account with Kuda you will be able to access your account anywhere and anytime as long as you have an internet connection.
You have full control of your account with Kuda financially. If you wish to save money with a good interest rate then Kuda is right for you. However, users of the Kuda account can track records of all their spending habits which can help them manage their spending habits.
What do I Need to Open a Kuda Bank Account
You need a Bank Verification Number (BVN) to open a Kuda Bank Account. To upgrade your Kuda Bank Account you need a Valid ID including National ID Card, Voters Card, Driver’s License, or National Passport. Below are the requirements you need to meet:
- You need to be 18 years of age or above
- A smartphone that can support the Kuda app (IOS/Android)
- You also need an active phone number and email address
Kuda Bank is available in Nigeria and the United Kingdom but coming soon in Ghana and Uganda.
How to Open Kuda Bank Account
Below are the steps you need to follow to open a Kuda bank account:
- You need to download the Application from your Google Play or App Store
- Once the App is done instill lunch it by taping on it.
- Then enter all the necessary information. (Number, email, password, BYN, Valid ID)
- If you are done with filling in all the information your account will be fully created.
That is all you need to do in order to Open a with Kuda Bank.
Is Kuda Bank Account Free
To Open a bank account with Kuda is free of charge, you do not need to pay to create the account it is free “Yes”. You can send money for free up to 25 times every month, and get free debit and credit alerts.
There’s a 2% commission on all trades made on the Kuda app. Creating a Kuda Username to make unlimited free transfers within the Kuda community without an account number is possible with Kuda.
Conclusion
You can do a lot of things with a Kuda bank account. With all the information available above you should be able to create an account within minutes and with ease. all you need to be among the users of Kuda is to open an account with them.
FAQ
What is the transfer limit for Kuda?
Your daily transfer limit is the maximum amount you can send from your account in a day. This can help you control your spending. The default daily transfer limit on your account is a million naira. To set an amount higher than 5 million nairas as your daily transfer limit, please follow the instructions on the app.
Can my Kuda account receive dollars?
You need to have a dollar account to receive money from abroad. Kuda will have a way for you to receive your money. It may be in naira or dollars; it depends on the type of account you have with Kuda.
How much can you withdraw from Kuda Bank?
The amount of money you can withdraw from Kuda Bank depends on the method you want to use. If you want to withdraw from an ATM you can only withdraw 20 thousand naira per time. 5 million nairas is the transfer limit in a day that is if you are making a transfer.
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