How to Open a Kuda Bank Account

open a Kuda Bank Account

Kuda Bank is the first Neobank in Nigeria. It ideas started some years back when small team of people determined to change banking system. The team introduced a savings app for Nigerians. Today, the savings app has brought about Kuda.

Initially, Kuda started as a central bank licensed microfinance banks. It helps Nigerians to get overdraft loans with affordable interest rate and good repayment schedule. Today, Kuda is now a licensed digital payment bank in Nigeria.

Opening a Kuda bank account will let you save money, transfer to any bank in Nigeria, track your spending, invest in U.S. stocks, buy gift card and most of all, make the right money moves. 

However, you can open Kuda Bank account with just a few clicks. Regardless of where you live in Nigeria, Kuda Bank Account Opening is as simple as ABC, even without BVN.

KudaBank is referred to as Bank of the Free. This is because when you sign up on Kuda, you’ll get a physical and virtual debit card for free, perform 25 free money transfer with no charges, and even receive 15℅ interest every year when you save automatically. 

As you’ve read so far, you’ll noticed I talked more about how to open account with Kuda Bank. That’s exactly what I’m going to teach you in this article. So, if you’ve been searching the web on “how can I open a Kuda Account” or you’ve been wondering whether opening a Kuda Bank Account worth your time and money? This article will give you everything you need about Kuda Account Opening.

Now, let’s get started!

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Here are requirements to open Kuda Bank Account.

To create Kuda Bank Account in Nigeria, here some requirements and criteria you must meet:

  • Internet supported device (especially smartphone)
  • Be at-least 18 years old
  • A working phone number
  • A valid Email Address
  • Reference (Use Mine:R7k3z02i)

Kuda Bank has 2 account opening options:

  1. Kuda Bank Basic Account
  2. Kuda Bank Tier 3 AAccount

The requirements to open Kuda Bank Basic Account are;

  • All the requirements above plus
  • Legal Names (First and Last Name)
  • Phone Number and Valid Email Address

Note that no Bank Verification Numbers (BVN) is required to open this type of Kuda Account.

Kuda Bank Tier 3 Account Opening Requirements

  • Legal Names
  • Valid National ID Card: National Identity Card, Voter’s Card, International Passport, Driver’s License and National Identity Number (NIN)
  • Bank Verification Numbers (BVN)
  • Proof of Residential Address (such as Utility Bill Slips, Bank Statement e.t.c.)

However, make sure your proof of residential address date must not exceed 3 months, because if it does, it will be declined.

Furthermore, the benefits of the opening Kuda Bank Account with full KYC verification over the Basic account type is that you will not have limitations on maximum single deposits and account balance. 

In addition, you also will have an unlimited daily transaction with up to N1,000,000 single transaction limit. Either of the accounts does not require paperwork. The opening is fully digital. So, it only takes a few minutes to start enjoying the benefits KUDA offers.

Now that you know the necessary documents and requirements needed to open a Kuda Bank Account, let’s proceed to Kuda Account Opening.

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How to open Kuda Bank Account

Follow these step-by-steps instructions to sign up an account on Kuda Bank App:

  • Download the Kuda App on your favorite app store. (Mine are Google Play store and iOS App Store)
  • Install the application and Launch it on your smartphone.
  • On the first page, click on “Register an Account”
  • Next, follow the prompts that follows to successfully open a Kuda Account
  • You can use “R7k3z02i” as your referral code
  • Boom! You’ve successfully opened your Kuda Bank AAccount.

Note: You can also open a Kuda Bank Account Online if you don’t want to stuck your phone with too much applications. However, follow the next step to open a Kuda Account Online.

Open Kuda Bank Account Online

To open Kuda Account Online;

  • Go to kuda.com/joinKuda/ and create an account.
  • Follow the prompts in the on-screen.
  • Note that all the requirements listed above will be required.
  • Enter my referral code (R7k3z02i) and boom! You’re done opening your Kuda Bank Account Online.


This article has successfully described how you can open a Kuda Bank Account Online, In-app and even without BVN. I believed you’ve learned one or two? Please share this article to your friends and family and leave a comment.

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