This post contains information about the Kuda transfer limit, and overall account limits.
Of course, you can transfer, receive, pay bills, buy airtime and also spend your money anyhow you like on Kuda, but do you know that there are limits?
Kuda is well known as one of the fastest growing microfinance banks that operate online. With the app, you can send and receive money, and also make payments with ease.
However, as a new user, your account may be limited if not yet upgraded. These limits include the Kuda transfer limit, maximum balance limit, deposit limit, and withdrawals limit.
And all these limits differ respectively based on the level of your Kuda account.
That’s why we’ve brought before you this post about the Kuda account limits to show you the Kuda transfer limit, Kuda deposit limit, maximum account balance limit, and lots more on Kuda.
Without further ado, let’s get started!
Table of Contents
About Kuda Account Limit
Similar to Opay and other regular commercial banks such as GTB, First Bank, UBA, Access, etc, Kuda too has an account limit that is based on account levels.
These account limits simply mean that your account is limited to a certain amount of daily transactions and a maximum account balance.
Kuda applied this account limit rule so that they can take their time to verify you. And as you level up your verification processes, your account limits too will be leveled up by Kuda, where you’ll now be able to perform more transactions.
Since transfer and deposit is what people commonly use Kuda for, the Kuda transfer limit is the most popular account limit that Nigerians are mainly concerned about.
In that case, let’s start with the Kuda Bank transfer limit and see what it is for each account type.
Kuda Transfer Bank Limit for A New Account
A new Kuda account is an account that has been created with an email address, linked with a phone number, and has the customer’s name added, but hasn’t been linked with a BVN.
For that type of account, I’m sorry you cannot perform any transactions, whether deposit or transfer, as you’ll need to upgrade your account to Tier 1 first.
Kuda Transfer Limit for Tier 1 Account
Kuda Tier 1 account is the first Kuda account type that lets you perform transactions such as money transfers, deposits, bill payments, etc.
Below is the account limit for Kuda Tier 1 accounts.
- Transfer Limit per Transaction = ₦50,000
- Transfer Limit per Day = ₦300,000
- Deposit Limit per Transaction = ₦50,000
- ATM Withdrawal Limit per Transaction = ₦30,000
- Maximum ATM Withdrawal Times per Day = 5
- Maximum Account Balance = ₦300,000
Those are the Kuda bank account limit for a Tier 1 account type. If you make more than that transaction amount, you may fall into a situation where you’ll be mandated to upgrade your account.
Kuda Bank Account Limits for Tier 3
Kuda Tier 3 account is the highest level of accounts on Kuda. Below is the limit for these account types.
- Transfer Limit per Transaction = ₦250,000
- Transfer Limit per Day = ₦1,000,000
- Deposit Limit per Transaction = Unlimited
- Maximum Account Balance = Unlimited
That is the account limit for the full Tier 3 Kuda account type. You can see that almost every transaction is unlimited.
How to Increase Kuda Transfer Limit
To increase your Kuda transfer limit, all you need to do is to upgrade your account from the current level to a higher one.
For example, if your Kuda account type is Tier 1, you’ll need to upgrade it to Tier 3 where you’ll be able to transfer more, receive more, and spend more using your Kuda bank account.
And to upgrade your account, you’ll need a valid BVN and an ID card. Once submitted and approved, your transfer limit and overall Kuda account limit will be increased.
Kuda Bank Account Limit – FAQs
What is the maximum I can transfer on Kuda?
The maximum amount of money you can transfer on Kuda depends on your account type. A tier 1 account can transfer ₦50,000 at once and ₦300,000 per day, while a tier 3 account can transfer ₦250,000 per transaction, and ₦1,000,000 per day.
What is the maximum amount I can receive on Kuda?
The maximum amount a tier 1 Kuda account can receive at once is ₦50,000 and ₦300,000 per day. While a fully verified Kuda account can receive an unlimited amount.
What is Kuda bank transfer limit for a new account?
For a new Kuda account linked with BVN, you can only transfer ₦50,000 per transaction, and ₦300,000 per day.
And that’s all about the Kuda bank account limit. We believe you’ve known your Kuda transfer limit now.
Cheers!
