With Kuba bank You can open an account quickly, apply for an overdraft as a short-term loan, track your spending, and save more. This institution is known as the bank of the free. This is due to the fact that when you become a subscriber, you receive a free debit card, can send money without incurring any fees, and even receive 15c/o interest annually when you save automatically.
The bank offers both personal and business accounts…
With smarter business banking from Kuda, the business account allows account holders to send invoices, make free transfers, manage multiple accounts, and free up time for the rest of their lives.
There will never be a card maintenance fee assessed.
Kuda. Remember that if you use your account frequently, you will have access to an overdraft whenever you need it.
With a Kuda business account, you can manage all of your business expenses in a single location, such as payroll. Easily pay bills and purchase airtime without switching platforms to stay organised and keep your business running smoothly. Pay multiple individuals with a single click.
WHO’S THE OWNER OF KUDA BANK ?
Babs Ogundeyi (CEO) and Musty Mustapha (CTO) established Kuda Financial institution in 2018. Its registered name is Kuda Microfinance Financial institution, and it has offices in Lagos, Nigeria, and London, United Kingdom.
Babs Ogundeyi is the chief executive officer of Kuda Bank. He attended Brunel University in London and has spent the majority of his career working within the confines of finance. His work focuses on the Nigerian public and private sectors.
This article explains how to open a kuda bank account online and apply for an overdraft loan.
To begin using your Kuda bank account, you must download the Kuda app and create a new account by following the steps below:
HOW TO SET UP YOUR KUDA BANK ACCOUNT
Download Kuda from the Google Play Store or the App Store.
2. Launch the application and follow the on-screen instructions to create an account.
Complete the required fields. This consists of your email address, password, and referral code.
4. Take a selfie and you’re done. You become a legitimate user of Kuda Bank.
5.Add funds to your account and begin your new life without fees.
KUDA provides two account opening options, including Basic and Full KYC accounts. The following information is required for a Basic account:
1.Name
2.Fax number
3. BVN
The following information is required for a Full KYC account:
1. Name
2.Fax number
3. BVN
4. Valid ID (National ID Card, Voters Card, Drivers Licence, and National Passport)
KUDA BANK LOAN {OVERDRAFT}
If you use your Kuda account frequently, you can obtain an instantaneous short-term loan from Kuda bank.
Zero paperwork, zero embarrassment, and 0.3% daily interest.
During the term (Tenor) of the overdraft, Kuda will charge you daily interest equal to 0.3 percent of the amount overdrawn. This interest is only applicable and will accrue if the loan is not repaid by the Disbursement Date at midnight.
HOW DOES KUDA BANK OVERDRAFTS WORK
1.Register on Kuda and upgrade your account with a valid ID and BVN (Bank Verification Number).
Regularly use your account to buy airtime, pay bills, and make transfers, etc.
Automatically, Kuda will offer you an overdraft!
HOW TO OBTAIN A LOAN WITH THE KUDA BANK APP
To obtain an overdraft from the Kuda bank app, please adhere to the steps outlined below.
1.Open the Kuda app and navigate to your borrowed account using a swipe.
2.Click on lend.
3.Click the Get Overdraft button.
4.Touch next.
5.Enter the amount you wish to borrow, and then click the completed button.
6. Validate your PIN, facial ID, or fingerprint.
7.Click okay to begin spending money from your account.
