We Updated Our Account Rules
There are three account levels at Kuda and each level has its rules and limits:
Tier 0 (T0)
An account that doesn’t have a confirmed BVN (Bank Verification Number) and a valid ID (a driver’s license, voter’s card, international passport, national ID card or NIN slip) is on Tier 0.
Tier 1 (T1)
An account that has a confirmed BVN but doesn’t have a valid ID attached to it is on Tier 1.
Tier 3 (T3)
An account that has both a confirmed BVN and a valid ID attached to it is on Tier 3.
You’ll notice that we didn’t mention Tier 2. That doesn’t exist.
Now, about those rules and limits we mentioned earlier, here’s everything you need to know.
What we changed:
1. We increased maximum single deposits for Tier 0 from 20,000 naira to 50,000 naira.
2. We reduced maximum single transfers for Tier 0 from 20,000 naira to 10,000 naira.
3. Tier 0 accounts can now make and receive an unlimited number of transfers to and from other Kuda accounts, but the maximum Tier 0 balance of 300,000 naira still applies.
These changes don’t apply to Tier 3, so you can safely ignore them if you’ve upgraded your account.
If you haven’t, please confirm your BVN and add a valid ID on the app.
This guide will help you with your upgrade. 💜
Updated on July 29. Pending transfers remain. Learn about them here.
Updated on August 5 to reflect an increase in total bill payments and airtime purchases for Tier 0 accounts from 1,000 naira to 10,000 naira each.