How to open Kuda bank account on my phone/online?

How to open Kuda bank account on my phone/online?

How to open Kuda bank account on my phone/online?

Read all about how to open Kuda bank account.

Kuda bank is Nigeria’s first mobile only bank that is licensed by the central bank of Nigeria. Kuda bank comes in with many amazing features, like zero card maintenance fees, free transfers, automatic savings and more.

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.

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.

With the Kuda bank app, you get next to zero charges. Traditional banks will charge you for almost any transaction you carry out (inter/intrabank transfer charges, SMS alert charges) and even charge a maintenance fee for your card.

Kuda bank does not charge card maintenance fee, SMS alert charge and also allows each user up to 25 free transfers every month. Cool right?

Kuda bank has predicted that it will save its customers up to 1,312.5 naira every month and 15,250 naira every year.

In this post, I am going to be showing you how to open a Kuda bank account on your phone and more. 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 Kuda bank review

Requirements to open a Kuda bank account?

The follow are the requirements to open a Kuda bank account:

  1. Email address and phone number
  2. Valid ID card (NIN, Voter’s card, international passport etc.)
  3. Bank verification number

How to open Kuda bank account on my phone/online?

Follow the below instructions to open a Kuda bank account:

  1. Download the app, which is available on both Google playstore and also iOS app store.
  2. Install the app on your phone and launch it
  3. Input your email address and password. If you have a referral code, input it.
  4. Copy the verification code sent to your email and paste it
  5. Input your first name, middle name, last name, gender and date of birth
  6. Input your phone number
  7. Get the verification code sent to your phone and paste it
  8. Input your state, city, street name
  9. Agree with terms and condition
  10. Create PIN
  11. Your account will be created
  12. You will then be required to login

Kuda bank account tiers

Kuda bank operates three tiers of bank accounts, each tier is dependent on the documents you used in opening the account.

Tier 1

This tier of account does not require bank verification number or any valid ID, all you need to provide is your email address, phone number and your personal details. It is very limited and you will need to provide your BVN and valid ID to remove the limits.

Tier 2

In this tier of account, you have submitted your Bank verification number but have not submitted any Valid ID. Limits are also placed on this tier of account, although not as much as the tier 1 account.

Tier 3

In this Tier, you have submitted your BVN and a valid ID.

  1. Lite: All you need for this account type is your name and phone number.
  2. Basic: All you need is your name, phone number and bank verification number (BVN).
  3. Premium: All you need is your Name, phone number, Bank verification number and Valid ID card.

On the premium account, you can easily transfer 250,000 naira maximum at ago, with maximum transfers per day reaching 1million naira while the value stands at 500,000 on a POS.

Is kuda bank safe?

Kuda bank is safe. It is properly licensed by the central bank of Nigeria and has the registration number of RC 796975.

They use the same protocols that regular banks use to protect all your transactions on the app, so you should have no fear using it.

Summary

With the above, you should easily open a Kuda bank account on your phone. If you are confused, or have any questions, don’t hesitate to leave us a comment and we will do our best to point you in the right direction.

Read my post on the top 10 digital banks in Nigeria

Conclusion

Thank you for reading my How to open Kuda bank account on my phone? If you have any comment or question, you can leave it below in the comment section.

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