What id kudabank.com? Have you ever thought of the ability or the possibility of having an online bank account? Well of course it is possible to bank online these days and it is called online banking. Well, this is what I man actually. The possibility of having an online account in an online bank. What do you think? There are lots of online banks or virtual banks in the world today.


Prominent examples of these platforms include Payoneer, PayPal, TransferWise, Skrill and so much more. Well, these online banks can sometimes or are popularly known as online monetary transaction platforms. But here is something you should know and take note of. All of these platforms mentioned above are global platforms and are headquartered in notable nations across the world. But when it comes to Nigeria, is there any indigenous virtual bank? This is a question you need to ask yourself.



Well, Nigerians can make use of the virtual monetary platforms mentioned in this article, but none of these platforms is indigenous. To, therefore, take us further in this article I will be telling you what the Kuda platform is all about and how it is connected to virtual banks and online monetary transaction platforms. All you need to do to get the necessary and required information you need to continue reading.

What is Kuda bank? Kuda bank is an online bank. This online bank is Nigeria’s first virtual bank or an online bank. By online or virtual bank, this is what I man. This bank does not have any physical branch as everything is done online. This bank has been very beneficial since its launch. As most banks will or would want to tie you down with charges, this online virtual bank does the direct opposite. In other words, they are not like most banks.

This bank is designed mainly for your smartphone device. If you have banked with Nigerian banks then one thing you should have noticed is the ridiculous charges they charge their customers, but this very bank is free of every ridiculous charge.

If you are having problems with setting your budget, this app is the tool you need right now. This online virtual banking app lets users bank and spend smartly. It also lets users save more. Whatever you want, this bank has got you covered, as it is your money so whatever you chose to do with it, it’s all up to you as you can save, spend or send.

Open Kuda Account

Opening a Kuda account is free and open to everyone as long as you are a Nigerian and you are 18 years of age, minimum. Also, you will need an email address and a mobile phone number one which you have access to. This banking platform is made for your smartphone, but however, you can also get access to this platform on the web as there is a web version for it. To sign up for an account or create an account, follow the steps below;

  • Go to Kuda bank login.
  • Click on the open an account tab. You will have to continue the account opening process from the mobile app.
  • To download the Kuda bank app, go to your apple app store or your Google play store for iOS devices and Android devices respectively.
  • After downloading the app on your mobile device, follow the prompt to successfully create your account.
  • Next, you will have to fund your account and start banking on the platform.

When creating or opening an account on this virtual bank platform, all you need is your name and phone number. With these details, you will only get a basic account. And this account will be limited to a balanced maximum of 300,000 naira, a maximum deposit of 50,000 naira at a time, and lastly a maximum transfer of 20,000 naira at a time. However, if you open your account with your bank verification number and a government or valid ids such as your national ID or driver’s license, your account will be upgraded to a full account without the limits stipulated above.

Kuda Bank Referral

Do you know that you can also get paid making use of the Kuda platform? If this is true, how is this possible? Well, this is possible via the Kuda bank referral program. Now, what is this program all about? When you refer your friends to make use of this platform, you will get 200 naira. The referral program on the platform used to entail you getting free extra transfers or joining their partner program. But now, the free transfers on the platform have grown that it no longer needs an incentive to boost it.

The new referrals now entail that everyone you invite must sign up with your referral code. To get this code, tap on the More button at the bottom of your dashboard and then tap on referrals. When you see this code, you can share it from there. To get paid for referrals you must add or sign up with your BVN and also everyone you refer must not only sign up with your referral but also sign up with their BVN. A minimum of 100 naira must be added to their newly created account also.

Is Kuda Bank Legit

Since this bank and platform is an online one, many people are concerned about their credibility, and they, therefore, want to know if the platform is legit. Well, the answer to clear all of your doubts is straightforward. This platform is legit. Want to know how? Kuda is a registered bank. This bank is registered and licensed by the central bank of Nigeria (BVN). For clarification purposes, here is the registration number of this company RC 796975. With this number, you can check it up to see if the platform checks out.


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