They are the only online bank in Nigeria and the only digital bank that works mainly on smartphones. They do not have a physical location to provide their banking services.
Before becoming Kuda Bank, they were known as Kudimoney. The Central Bank of Nigeria fully licenses this digital bank.
This unique digital bank is not a mobile wallet or a mobile application that sends pigmentation to an existing bank. It’s a real bank; it’s just a digital bank.
Kuda Banks offers current accounts with no monthly fees and a free debit card. Its plans offer consumers savings and P2P payment options.
Where it is written that:
- There are no ATM maintenance fees
- No cash withdrawal fees
- No transfer fees to other banks (When users receive two free transfers to other banks per month. After that, each transfer to other banks costs N10).
- It encourages Free deposits (Kuda account holders can invest free of charge in more than 10,000 branches in Nigeria).
Features of the Kuda Mobile Banking App
The Kuda Mobile Banking App features are well-ranked. You have your home page, your payment page, your budget page, your tab page, and various pages where you save cards, chat services, security settings, references, account restrictions, legal information, and a disconnection.
- You can open a bank account in five minutes
- Customers can do all KYC in the app
- They do not charge unnecessary bank charges, such as card and account maintenance fees.
- Transfer funds to your account or another account
- Payment of Bills.
- Mobile top-up
- Withdraw and send money.
- Invite and Redeem
How to Get Started on Kuda Mobile Banking App
- Go to the store and download the Kuda Mobile Banking App.
- Once you download the app, launch the app.
- You will be asked to register/open an account. To do so, you will need your BVN, phone number, email address, photo (to verify your identity), and other essential information.
- After finalizing the process, your account number will be sent to your registered phone number, and you can begin transactions.
PS: When you open an account, you will have the option to update the report. To upgrade your account, you will need to add a government-issued ID card.
Download Links for the Kuda Mobile Banking App
- For Android users: https://play.google.com/store/apps/details?id=com.kudabank.app&hl=en
- For IO users (iPhone): https://apps.apple.com/us/app/kuda/id1467373738
What fees does the Kuda Mobile Banking App Charge?
- If you register via your confirmation number (BVN), the Kuda Mobile Banking App offers 25 free transfers each day. More information on free transfers can be found here.
- Without your BVN, you will receive two free transfers each month.
- Additional transfers will cost you each naira.
- Everything else is free: you can use your account and the Kuda card and withdraw money from our connected ATMs.
How do I invest money in my Kuda Mobile Banking account?
- Using a banking application or Internet Banking, you can transfer funds to your Kuda Bank account from any Nigerian bank.
- Most debit or credit cards can add money to your updated account. Tap Add money on the Kuda Mobile Banking App Platform and select the Add option on the tab.
- Adding money to your card account is free, up to N100,000. After that, we will no longer cover the payment fees the company charges for linking your card to your account.
- If you have money, you can deposit it in your Kuda Bank account in our partner banks. Tap Add Money on the Kuda Mobile Banking App, select Add instructions, and follow the instructions.
- You can send money from a GTBank account by dialing * 737 * 50 * the amount * 416 # from the telephone number associated with this account and following the instructions on the screen.
How can I make money with the Kuda Mobile Banking App?
- Open a Kuda account and log in with your email address, phone number, and a photo of your face.
- Please update your account with a bank verification number (BVN) and a valid government-issued identity card (such as your electoral card, driver’s license, national card, or international passport).
- Go to kudabank.com/partner and enter your Kuda account, the location, and the area to which you will refer Kuda. Kuda Bank will pay 200 naira for each person who opens a Kuda account through their recommendation. The amount depends only on the amount you earn each day. The more you recommend, the more you will get paid.
