This post is all about how to upgrade Kuda account to transfer and receive more money.
Did you want to start transferring more money, and receiving a huge amount of money into your Kuda bank account?
Then, if you’re using a lower tier account, you’ll need to upgrade it as soon as possible.
Kuda is without a doubt one of the fastest growing fintech companies in Nigeria. And with a quality service, the company’s popularity keeps increasing every day.
You can pay bills, and buy airtime with ease on Kuda, as well as receive and transfer money on Kuda for free. However, your account may be limited at first.
And that brings us to upgrading Kuda account to increase limits. Yes, in this post, I’ll show you exactly how to upgrade your Kuda account, and also show you all that is needed to upgrade a Kuda account.
Without further ado, let’s get started!
Upgrading Kuda Account
At first, when you create a new Kuda bank account, you’ll see that you can’t perform any transactions, and can’t even see your dashboard because you’ve not completed the signup process.
So upgrading your Kuda account from tier 1 to tier 2 is. Although, a tier 1 Kuda account can transfer, buy airtime, receive money and even pay bills.
But there are limits to what you can do on a tier 1 account compared to a fully upgraded Kuda bank account.
Tier 1? Tier2?……. What does that mean?
Just like a regular commercial bank, Kuda microfinance bank has account types, and levels that come with their limits respectively.
For example, in commercial banks, we have Student accounts and tier 1 accounts, and it goes on to cooperate accounts.
A tier 1 Kuda account is just like a student account where there are limits to the amount you can transfer, receive and withdraw daily and cumulatively.
So, in order to increase your limit and get your account ready for huge transactions, you’ll need to level up your account.
Therefore, let’s see how to Upgrade Kuda bank account now.
Check Out: How to Find Kuda Bank Account Number
How to Upgrade Kuda Account
Upgrading a Kuda account can be categorized level by level where each level has its own requirements respectively.
Generally, to upgrade your Kuda bank account, you’ll need the following.
- A valid Bank Verification Number (BVN).
- A valid Identification Card (ID card).
Once those two things are readily available, you can proceed to upgrade your Kuda account by following the procedures below.
How to Upgrade a New Kuda Account to Tier 1
To upgrade your new Kuda account after registration, all you need to do is to add and link your Bank Verification Number (BVN) with your Kuda account.
After linking your BVN, your account and identity will be reviewed, and approved if the information you supplied is correct.
Keep in mind that the review process may take up to 2 hours.
Check Out: List of Kuda Bank USSD Code
How to Upgrade Kuda Account from Tier 1 to Tier 2
After upgrading your Kuda account to tier 1, your account will still be limited to a certain amount of daily transactions and a balance limit.
So, to increase this limit you’ll need to upgrade to a tier 2 account.
To upgrade your Kuda account from tier 1 to tier 2, all you need to do is to add or submit a clear photograph of your Identity card (ID Card).
Once submitted, your account and identity will be reviewed, and your account will be upgraded if the documents submitted matches their requirements.
Related: How to Reset Kuda Bank Password
How Long it Takes to Upgrade Kuda Account
Upgrading your Kuda bank account as a new customer may take up to 2 hours. While as an existing customer, upgrading your Kuda account may take up to a day, since it is an identity verification upgrade.
This upgrade duration differs pending on the account type. Therefore the time that it takes to upgrade one Kuda account may be different from the time it takes to upgrade another one.
Upgrading Kuda Account – FAQs
How to upgrade my Kuda account?
To upgrade your Kuda account, you just need to submit your BVN and a clear photo of your ID card, and your account will be reviewed and approved.
How can I upgrade my Kuda account to send more money?
You can upgrade your Kuda account to send and receive more money by just submitting your BVN and a clear photo of your ID card, and your account will be reviewed and approved.
Read Also: How to Upgrade Opay Account
What do I need to upgrade my Kuda bank account?
All that is needed in upgrading a Kuda bank account is a valid Bank Verification Number (BVN), and an ID Card (National ID card, Voters card, Driving license, and/or International Passport).
And that’s all, upgrading a Kuda bank account is just as simple as that.
With this post, we believe the query; how to upgrade my Kuda account has gotten the answers you seek.
Cheers!
