Ultimate Reviews of Kuda Bank

Hello! Here's Everything you need to know about Kuda Bank. Without much Ado, let's dive into Kuda Bank reviews. Below is the table of contents.

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An Overview of Kuda Bank Nigeria

Kuda Bank is the first Neobank and Mobile-only Bank in Nigeria. The bank offer it users with free services such as free transfer and withdrawal of money.

Who owns Kuda Bank?

Babs Ogundeyi and Mustapha are the Co-Founder, CEO and CTO of Kuda Bank Nigeria. Learn more about them here.

Is Kuda Bank Legit?

Yes! Kuda is a legit Neobank in Nigeria that all its service and products are based on online. And it can be accessed by using your smartphone.

How does Kuda Bank works?

Kuda Bank works like a traditional bank but make banking easier by offering it free transactions to it users. It work and activities are based online. Kuda is a digital bank, a Neobank, an online bank and first mobile-only bank in Nigeria.

How to Open Kuda Bank Account

Before you begin the process of Kuda Account Sign up, note that you will be required to provide some certain documents for the account registration.

Requirements to Open a Kuda Bank Account

Below are the things you will need to possessed before you can be allowed to open a kuda account.

An active phone number
Be at-least 18yrs old
Have a working email
A smartphone (Android or iPhone)
A referral (but not necessary)
Bank Verification Number (BVN)
Government issued ID card ( National ID card, Voter's card, International passport or Driver's license)
Your full name that correspondent with the details on BVN.

Note - Kuda offers two type of account opening,

Kuda Basic Account
Kuda KYC Account

The basic account doesn't need a government issued ID card and BVN to open an account but it's limited. While the full KYC Account is a Kuda standard account, it has no limit. Here all those details mentioned above will be required to open the Kuda Bank Account.

How to Open an Account with Kuda Bank

To Open a Kuda Bank Account, you will need to first possess all those documents highlighted above. Then download Kuda App. The app is available on Google play store and App store.

After you've successfully download the app, open and click on Sign up. A account opening will appear on the next screen, fill in your details as they come and finally click on Create An Account.

A verification code will be sent to your email and phone number. Confirm those OTP codes and login to your Kuda Bank Account.

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Kuda Bank App

Kuda Bank is an online bank. It can also be called mobile-only bank in Nigeria. It is also know as a Neobank in Nigeria. The bank claimed to be the bank of the free.

Kuda Bank possess a mobile app that can be seen on Google play store and iOS app store for iPhone users.

What can I do on Kuda Bank App?

On the Kuda app, you will be able to access all the features and services that Kuda Bank offers. They includes, send and receive money, transfer money to another local bank in Nigeria, buy or purchase airtime and data, check all your transactions histories, spend and save, Investing and lot more.

What Kuda Bank Do?

These are the features and services Kuda Bank Offers.

Kuda Bank Saving
Kuda Bank Card
Kuda and Payoneer
Kuda Bank API
Kuda Bank Sign up
Kuda Bank Fees

Kuda Bank Savings

Kuda Bank Savings is a feature that allow users to manage their spending and at the same save little from all the transaction they perform on the Kuda app. Below are the type of savings available on Kuda Bank.

Kuda Bank Spend and Save

Kuda Spend+Save is an automatic feature that let you save from the money you spend on your Kuda Bank Account. This money is available on your savings wallet and it can be withdrawn at any time.

Flexible Savings

This is another feature on Kuda app that allow you to do daily, weekly and monthly savings. You will get a 10 percent annual interest on your Flexible Savings.

Fixed Savings

This feature let you save money and watch it grow. You can start with minimum of NGN5,000 and you will get an annual interest of 15 percent.

Fixed Savings work like you freeze your money in a bank account, a certain date will fixed to withdraw the money. If you want to get your when the date hasn't reach, then you will need to pay a certain amount for not standing on your words.

Kuda Bank Card

Kuda Bank will give you a free debit card. The ATM card will be sent to your home address at no cost. No card maintenance fees is charged. Additionally, Kuda MasterCard is issued by Zenith Bank under a licensed from MasterCard incorporated.

To get a Kuda Bank ATM card, you will need to request a card from your Kuda dashboard and fill in your delivery address, confirm your phone number and type in the name you want to be on the card.

Kuda Bank and Payoneer Account

Kuda Bank partnered with Payoneer - a global platform for receiving payment from companies and over 2000 marketplaces and businesess in the UK, US and other EU countries. Payoneer makes it easy for Nigerians freelancers get paid from abroad.

So, Kuda partnered with Payoneer to make it easy for it users to receive International business payment into KUDA Account. The service is fast and very affordable.

All you need to do is create a Payoneer Account or connect your exiting Account to your Kuda Bank Account to start receiving payment from businesess and marketplaces abroad.

Integrate your Business with Kuda (Kuda Bank API)

With KUDA’s API, you will be able to initiate and analyze such as manage payments, verify the identity of any account holder, and create fully transactional wallets for your business.

The API is designed to allow application developers to create bank accounts, send money, and view transaction histories.

Kuda Sign up

You can simply download Kuda Bank App from Google play store or App store and Sign up for an account on it.

Kuda Bank Fees

Kuda is Bank of the free. It gives 25 free transfer every month if your sign-up using your BVN. But for those that did signup using their Bank Verification Number, they will get 2 free transfer every month.

However, extra transfer will cost you NGN10 and everything else of Kuda app is free of charge.

Kuda Bank USSD Code

In this section, I will talk about Kuda Bank USSD Codes for transfer and to add money from differents banks in Nigeria to your Kuda Bank Account.

USSD Code to Transfer money from First Bank of Nigeria to Kuda Bank is *894#. Make sure you dial this code on your first bank registered number and follow the prompts that follows.

To send money from Wema Bank to Kuda Bank, dial *945*Kuda Bank Account Number* amount# then follow the prompts that appear to complete your transfer.

Zenith Bank, GTBank and Polaris Bank USSD codes to Add Money to Kuda Bank Account.

To add money to your Kuda Bank Account via those Nigeria banks, you will need to generate the USSD code on your Kuda Bank Dashboard before dialing the code on your bank registered phone number.

Follow the below instructions to generate USSD codes on your Kuda Bank Dashboard.

Open Kuda Bank App on your phone
Click on "Add Money" on your Kuda Account Dashboard.
Click "Add by USSD"
Input the amount you wanna send
Tap the right USSD code and dial it on your phone.
Follow the prompts to complete your ttransactions.

Note ; the code must be dial on your phone number that use used in the bank account you're sending money from.

To add money to your Kuda Bank Account using GTBank USSD code, dial *737*50# and follow the prompts.

How to Delete, Close, Block or Deactivate my Kuda Bank Account

Why would you wanna block or deactivate your Kuda Bank Account? What ever your reasons might be, that none of my problem. However, I will teach how you can delete or close your Kuda Account without stress.

First of all, I be informed that Kuda will automatically block your account once any suspicious activity such as illegal transfer or attempting logins is made on it.

So, to block or deactivate your Kuda Account yourself, you will need to contact Kuda via email stating that you want to block my kuda bank account.

Some people will want to block their kuda bank account due to lost of Kuda ATM card, that shouldn't be the issues. You can easily block or deactivate the atm in your Kuda Account Dashboard.

How to Unblock or Recover my Kuda Bank Account

To unlock your Kuda Account, contact the customer care via email, stating that I want to unblock or unlock my Kuda Account. You will required to submit your details such as BVN, Registered Phone Number, Kuda Account Number and more.

Additionally, you will ask to write on a sheet of paper that "I want to unlock my Kuda Account", write today's date on it and take a picture with it. Then send it via email.

Within 24hrs, Kuda team will work on it and your Kuda Bank Account will be unblocked, unlocked. Supporting Email of Kuda is highlighted below in the section Kuda Bank Contact Details.

Kuda Bank Contact Details

You can contact the Kuda Bank in any of the following means.

Kuda Bank WhatsApp Number:

Facebook: https://www.facebook.com/kudabank/

Instagram: https://www.instagram.com/kudabank/?hl=en

Twitter: https://twitter.com/kudabank

Kuda Bank Official Website: https://www.kudabank.com/

Kuda Bank Head Office: 151 Herbert Marcaulay Way, Yaba, Lagos.

Kuda Bank Branches in Nigeria: 151 Herbert Marcaulay Way, Yaba, Lagos Nigeria.

Kuda Bank UK Location: 5 New St Square, London, United Kingdom and Finsbury Pavement, City Road, Finsbury, United Kingdom.

Customer Care Kuda Bank: Call Kuda Bank Customer Representative on 01 633 5832 or inbox them on their support email address - help@kuda.com

Kuda Bank Email Address: help@kuda.com

FAQs

How do I complain to Kuda Bank?

To log your complain to Kuda Bank customer support team, you can do that by using any of those means highlighted in Kuda Bank Contact Details.

How can I unlock my Kuda Bank Account if it's temporarily blocked?

All you need to do is contact the customer care service via email. If it's not holiday season, they will respond within 24hrs.

Can I change my Kuda Bank Mobile Number?

Yes! You can change your Kuda phone number in the settings feature in your Kuda app.

Why can't I login to my Kuda Account?

If you can't login to your Kuda Bank Account, this is possible due to many reasons. Some of them are ;

You might have forgotten your password
You don't remember your email address
Phone Number is not correct
Your account has been blocked or locked due to wrong login attempt or illegal activities on your Kuda Account.

That's just to mention few. You can read Kuda Bank Terms of Use before you open Kuda Account so avoid breaking of Rules.

Another Name for Kids Bank?

Kuda Bank was first known as Kudimoney. The bank stated as a Microfinance bank. It rebranded it name to Kuda in 2019 not long from when it got it banking license from the Central Bank of Nigeria (CBN).

Can I open Kuda Account without BVN

Yes! You can open Kuda Account without BVN but you won't have access to full features on Kuda Bank App.

Where can I Sign in as Kuda Developer?

Kuda Bank Sign in portal for Developer is https://developer.kudabank.com/login

In Summary, keep updating this article for more FAQs. Thanks for reading this Kuda Reviews.

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