How to open Kuda Bank account without BVN

Benefits of Opening Kuda Account

Key benefits of a Kuda account include:

Zero account maintenance fees
Higher interest rates on savings
Free debit card provided
Easy payments and money transfers
Personal finance insights and budgeting tools

Requirements to Open without BVN

Although BVN is a unique identifier that is assigned to each bank account holder in Nigeria and is linked to your biometric data, such as your fingerprints and photograph, if you don’t know your BVN at the point of opening a Kuda bank account you can still bypass it and successfully register on the app.

However, below are the essential requirements to open a Kuda bank account:

A mobile device: You will need a smartphone or tablet with an internet connection to download and use the Kuda Bank app.

A valid email address:You will need an active email address to receive important updates and notifications about your account.

A Bank Verification Number (BVN): This is a unique identifier that is assigned to each bank account holder in Nigeria and is linked to your biometric data.

You will need to provide your BVN during the account registration process.

A valid identification document: You will need to provide a government-issued identification document such as a National Identity Card, International Passport, or Driver’s License.

A passport photograph: You will need to upload a clear passport photograph of yourself during the registration process.

Personal Information: You will be required to provide personal information such as your full name, date of birth, home address, and phone number.

Once you have all the necessary requirements, you can proceed to download the Kuda Bank app from the Google Play Store or Apple App Store, create an account, and follow the on-screen instructions to complete the registration process.

Note that you can bypass the BVN requirements at the point of registration.You can open Kuda account without BVN by providing:

Valid GSM phone number
Personal email address
Passport photograph
Full legal names
Date of birth

Step-by-Step Guide to Open Account

Follow this process to open Kuda account without BVN:

Download Kuda app and register for account
Provide personal details including photo ID
Your account gets opened pending verification
Fund account with minimum ₦500 within 14 days
Account gets fully activated for usage

Initial Account Limits

take note of limits imposed initially:

Maximum balance of ₦200,000
Daily transfer limit of ₦100,000
Maximum transaction size of ₦20,000

Funding Your Kuda Account

You can fund your account without BVN via:

Cash deposits at Kuda partner outlets
Transfers from Kuda account holders

Using the Account

With your account activated, you can:

Receive salary payments
Pay bills and transfer money 24/7
Track spending insights and budgets
Safely save money to earn interest

Upgrading Account with BVN

Add your BVN later at any Kuda branch or agent to:

Remove all account limits
Get higher transfer privileges
Access loans and other benefits

Usage Tips

Some tips include:

Register proper details during account opening
Fund account within 14 days of opening
Monitor account for unauthorized activities
Upgrade with BVN when possible

FAQS About How to open Kuda Bank account without BVN

Does Kuda issue debit cards without BVN?

Yes, but card usage has spending limits until you provide BVN.

How old must I be to open Kuda account?

You have to be at least 18 years old to open an account with Kuda Bank.

Can foreigners residing in Nigeria open accounts?

Yes, foreign nationals living in Nigeria can open a Naira account with Kuda after providing valid identification.

What networks can I use Kuda USSD on?

Kuda *5606# USSD code works on all major networks like MTN, Airtel, Glo and 9mobile.

Is there any minimum opening balance?

Yes, you need to fund at least ₦500 within 14 days to activate new account.

Can I upgrade with NIN instead of BVN?

For now, only BVN can be used to upgrade account. NIN may be supported later.

What documents are needed for full KYC?

Valid government-issued ID, proof of address, passport photo, and BVN code for full upgrade.

Can I have multiple Kuda accounts?

No, their terms and conditions prohibit operating multiple accounts.

How long does account activation take?

Immediate after completing registration steps. Just fund within 14 days.

Is there a monthly account fee?

No, Kuda provides free savings and current accounts with no maintenance fees.

Can I deposit cash without visiting branch?

Yes, make deposits at authorized Kuda partner outlets across Nigeria.

How do I reset my app PIN/password?
Use Forgot PIN option in Kuda app to reset credentials by inputting card details.

How do I contact Kuda Customer Service?

You can contact Kuda CS directly within app chat, call 0700-800-5606 or email help@kuda.com.

Conclusion

With just a phone number, email, photo, names and DOB, Nigerians can now open a Kuda Bank account without needing a BVN.

This provides access to free digital banking services for the unbanked. Basic services are available albeit with initially lower transaction/balance limits before upgrading with BVN later.

As a innovative digital bank aiming to boost financial inclusion, Kuda makes accessing banking easier for Nigerians without BVNs.

Opening an account early allows usage and familiarity with their platforms enabling seamless management of personal finances all through an easy-to-use app.

After reading this article now you know How to open Kuda Bank account without BVN.