Hello Today I’ll be discussing On How to upgrade Kuda bank account easily.
Kuda Bank is a leading digital bank in Nigeria that makes banking seamless and stress-free. With its innovative app and services, Kuda offers personal and business accounts with excellent features. Upgrading your basic Kuda account provides access to higher limits, better rates and VIP privileges.
Kuda Bank is a next-generation digital bank launched in 2019 and licensed by the Central Bank of Nigeria. Within a short span, Kuda has onboarded over 2 million customers attracted by its unique offerings.
Some key features of Kuda Bank include:
- Free debit card with no maintenance fees
- 5% interest on savings – one of the highest in Nigeria
- Zero charges on transactions and transfers
- Top-up airtime and data easily on the app
- Personalized business accounts and smart tools
Kuda offers upgraded account tiers like Kuda Premium and Kuda Infinity that provide customers with higher limits, better rates and VIP privileges. Read on to learn how to upgrade.
Benefits of Upgrading Kuda Account
Here are some major benefits of upgrading your basic Kuda account to a higher tier:
- Higher transfer limits – Increased daily caps on transfer amounts.
- Higher card limits – Higher daily ATM withdrawal and PoS limits.
- Exclusive rates – Preferential FX rates and savings interest.
- VIP service – Priority support and customer service.
- Lounge access – Complimentary airport lounge visits.
Overall, an upgraded account provides customers more convenience, flexibility and exclusive perks.
How to Upgrade Kuda Account
Follow these simple steps to upgrade your Kuda Bank account:
- Login to the Kuda mobile app or web portal using your credentials.
- Go to Settings and tap on “Upgrade Account” option.
- Select Account Tier – Choose Kuda Premium or Infinity based on preferences.
- Enter Details – Carefully fill in any additional personal information required.
- Make Payment – Use Kuda wallet or card to pay the upgrade fees.
- Get Confirmation – Receive confirmation message upon successful account upgrade.
The process is very quick and can be completed digitally in just minutes. Have the upgrade fees ready in your Kuda wallet for smooth payments.
Documents Required to Upgrade Kuda
To upgrade your Kuda Bank account, you need to provide:
- Profile photo – Clear selfie image.
- ID card – National ID, driver’s license, etc.
- Proof of address – Utility bill, rent agreement, etc.
Have these documents ready before initiating the upgrade on the Kuda app. It helps verify your identity seamlessly.
How Much Does Upgrading Kuda Account Cost?
Upgrading your basic Kuda account to a higher tier costs:
- Kuda Premium – ₦2,500 one-time upgrade fee
- Kuda Infinity – ₦5,000 one-time upgrade fee
The upgrade fees are paid instantly on the app via Kuda wallet or card. Considering the benefits unlocked, upgrade costs are very reasonable.
Can I Revert After Upgrading Kuda Account?
Yes, Kuda also allows quick and easy downgrade between account tiers. Just:
- Go to Settings and select ‘Downgrade Account’.
- Confirm the downgrade to lower tier account.
- Your account will be instantly downgraded.
Though some privileges are lost, downgrading takes just seconds on the Kuda mobile application.
Why Should You Upgrade Your Kuda Account?
Upgrading your Kuda account from the basic tier to a premium tier like Kuda Premium or Kuda Infinity can offer several compelling benefits that can enhance your digital banking experience significantly. Here are some reasons why you should consider upgrading:
- Higher Transaction Limits: With an upgraded account, you’ll enjoy increased daily limits for transactions such as transfers, payments, and withdrawals. This added flexibility allows you to conduct larger transactions without any hassle.
- Exclusive Interest Rates: Kuda rewards its premium account holders with exclusive and higher interest rates on their account balances. By upgrading, you can earn more interest on your hard-earned money, helping it grow faster.
- Special Offers and Discounts: As a premium Kuda customer, you’ll gain access to a world of special offers, discounts, and promotions from various merchants and service providers. These perks can help you save money on everyday expenses.
- VIP Customer Support: When you upgrade your account, you’ll enjoy priority customer support from dedicated representatives who are committed to resolving your inquiries promptly. No more waiting in long queues or dealing with delayed responses.
- Premium Debit Cards: Kuda issues complimentary premium debit cards to its upgraded account holders. These cards often come with additional benefits and privileges, such as cashback rewards or airport lounge access.
By taking advantage of these benefits, you can truly maximize the value and convenience of your Kuda digital banking experience.
Tips for a Smooth Kuda Account Upgrade
To ensure a hassle-free account upgrade process with Kuda, consider the following tips:
- Review Your Needs: Before initiating the upgrade, take some time to review your banking needs and determine the account tier that best suits your requirements. Evaluate factors such as transaction volumes, savings goals, and desired privileges.
- Gather Required Documents: As mentioned earlier, you’ll need to provide certain documents like a valid ID and proof of address. Have these documents ready in digital format to streamline the process.
- Check Your Account Balance: Ensure that you have sufficient funds in your Kuda account to cover the upgrade fees. This will prevent any hiccups during the payment step.
- Follow the Steps Carefully: When initiating the upgrade process, follow the steps outlined in the guide carefully. Double-check the information you provide to avoid any errors or delays.
- Keep an Eye on Notifications: After submitting your upgrade request, monitor your Kuda app or email for any notifications regarding approval or additional steps required. Respond promptly to ensure a smooth transition.
By following these tips, you can make the most of the Kuda account upgrade process and start enjoying the benefits of premium digital banking services in no time.
FAQs on How to upgrade Kuda bank account easily
Here are answers to some frequently asked questions about upgrading Kuda account tiers:
Does my registered phone number change after upgrade?
No, your registered phone number remains exactly the same even after upgrading your Kuda account.
How many days does the Kuda upgrade approval take?
Upgrades are approved instantly once payment is received. The whole process completes within minutes.
Can I upgrade a dormant Kuda account?
Yes, you can upgrade a dormant account after activating it by logging in and using the app.
Will my transaction history and balance transfer over?
Yes, your entire transaction history, balance and wallet seamlessly transfer to the upgraded account tier.
Do I need to visit any physical branches for upgrade?
No, Kuda account upgrades are completely digital. No need to visit physical branches.
Is there any limit on the number of upgrades possible?
No, you can upgrade between Kuda account tiers as many times as you want.
Can I pay the upgrade fee from another bank app?
No, upgrade fees can only be paid from the Kuda Bank wallet or linked card.
How long does it take to downgrade from Premium to Basic?
Downgrading Kuda account tiers is also instantaneous. Your account is changed right away.
Will my virtual debit card number change after upgrade?
Yes, a new virtual debit card number is issued when you upgrade Kuda account tiers.
Can I apply for overdraft after upgrading my account?
Yes, account upgrade makes you eligible to apply for the Kuda overdraft facility directly on the app.
Is there a way to upgrade without providing ID documents?
Valid IDs are mandatory for Kuda account upgrade to verify your identity. Cannot upgrade without it.
Does the physical Kuda debit card change after upgrade?
No, your physical debit card number remains the same even after you upgrade account tiers.
Do I lose my Kuda referral bonus upon upgrade?
No, any accumulated referral bonus will still be available in your account after upgrading tiers.
Can I upgrade if my account is under investigation?
Accounts being investigated for suspicious activities cannot be upgraded until issues are resolved.
Read more: finance piggyvest and cowrywise which is better
Conclusion
Upgrading your Kuda account unlocks higher privileges tailored to your needs. The process is quick and straightforward directly on the Kuda app. Just pay the minimal upgrade fee and enjoy exclusive premium services.
Follow this guide for a smooth upgrade experience. Take your digital banking to the next level with Kuda!
After reading this blog you know How to upgrade Kuda bank account easily.
