How Much Can Opay Account Hold Without BVN in 2024

How Much Can Opay Account Hold Without BVN: This post contains the full breakdown of Opay account limits without BVN.

OPay is a digital payment platform that has become very popular in Nigeria, and it is used by many Nigerians to perform different transactions. This includes payments for utility bills, mobile recharge, and even transportation services.

It has a feature that allows users to create an Opay account that they can fund using their bank account, debit card, or even cash at designated OPay agents. However, many people are unsure of how much an OPay account can hold without BVN.

In this post, we will explore the details of this matter and provide you with the information you need on how much can Opay account hold without BVN.

So, without further ado, let’s get started!

How OPay Works

OPay is a payment platform that enables users to perform different transactions, including payments for goods and services. Users can fund their OPay wallet through bank transfers, debit cards, or cash deposits.

The OPay wallet is a virtual account where users can keep funds for future use. The platform also provides a range of services, including bill payments, airtime top-ups, and even the ability to send money to other OPay users.

See Also: Opay Transfer & Balance Limit

BVN Explained

The Bank Verification Number (BVN) is a unique identification number that is assigned to each bank customer in Nigeria. It is a requirement for opening a bank account in Nigeria and is intended to reduce fraud and other financial crimes.

The BVN is a centralized system that ensures that customers have a unique identity across all banks in Nigeria.

How Much Can OPay Account Hold Without BVN?

If you have an OPay account without BVN, there are certain limitations to the amount of money you can deposit into the account. This is because the Central Bank of Nigeria (CBN) has set a limit on the amount of money that can be held in an account without BVN.

The maximum amount that can be held in an OPay account without BVN is N300,000. Also, the daily transaction limit on Opay account without BVN is N50,000.

• Single transaction limit – ₦50,000
• Daily transaction limit – ₦200,000
• Cumulative transaction limit – Unlimited
• 7 days cumulative transaction limit – Unlimited
• Maximum account balance – ₦300,000

The reason for this limitation is to prevent fraudulent activities and money laundering. By restricting the amount of money that can be held in an account without BVN, the CBN can reduce the risk of financial crimes.

Related: Opay USSD Code for Transfer & Checking Balance

How to Add BVN to OPay Account

After knowing how much can Opay account hold without BVN and how much you can add to Opay account without BVN, you may want to increase it. This can be done by adding a BVN.

To add BVN to an OPay account, follow these steps:

1. Open the OPay app and log in to your account.
2. Click on the ‘Me’ icon in the bottom right corner of the app.
3. Click on your profile image at the top of the page.
4. Click on ‘Upgrade’ and enter your BVN.
5. Click on ‘Verify BVN’ and wait for the verification process to complete.
6. Once the verification is successful, you can start using your OPay account without any limitations.

Read Also: How to Transfer Money to Opay Account

Benefits of Adding BVN to OPay Account

There are several benefits of adding your BVN to your OPay account, including:

Increased transaction limits

With BVN linked to your account, you can hold more money in your OPay wallet and perform transactions of higher value.

Enhanced security

BVN provides an extra layer of security for your OPay account, reducing the risk of unauthorized access to your funds.

Improved credibility

By linking your BVN to your OPay account, you can establish trust with merchants and other users who want to transact with you.

Related: How to Transfer Money from UBA to Opay

How Much Can Opay Hold Without BVN – FAQs

What is BVN, and why is it necessary to link it to an OPay account?

BVN is a unique identification number assigned to each bank customer in Nigeria. It is necessary to link it to an OPay account to increase your Opay account balance limit and enhance security.

Is it possible to exceed the maximum amount allowed in an OPay account without BVN?

No, it is not possible to exceed the maximum amount allowed in an OPay account without BVN. The platform restricts the amount to N50,000 to prevent fraudulent activities and money laundering.

Related: Opay Referral Code

How can I add BVN to my OPay account?

To add BVN to your OPay account, open the app and log in, click on the ‘Profile’ icon, then click on ‘BVN Verification,’ enter your BVN, click on ‘Verify BVN,’ and wait for the verification process to complete.

Can I still use my OPay account without linking it to my BVN?

Yes, you can still use your OPay account without linking it to your BVN, but there will be a maximum limit of N50,000 on the amount of money you can hold in the account.

What happens if I exceed the maximum limit in my OPay account without BVN?

If you exceed the maximum limit in your OPay account without BVN, you will not be able to perform any transactions until you link your BVN to the account.

Conclusion

The maximum amount that can be held in an OPay account without BVN is N50,000. This is a limitation set by the CBN to prevent fraudulent activities and money laundering.

After knowing how much can Opay hold without BVN, to enjoy increased transaction limits and enhanced security on your OPay account, it is advisable to link your BVN to your account. Follow the simple steps outlined above to add your BVN to your OPay account and start enjoying the benefits today.