Last Updated on July 1, 2024 by admin
With Kuba bank You can open an account within a few minutes, apply for overdraft as short term loan, track your spending, save more, It is referred to as the bank of the free. This is because when you become a subscriber, you get a debit card for free, send money with no charges, and even receive 15℅ interest every year when you save automatically
The bank has both a personal account and business account…The business account enables account holders to Send invoices, make free transfers, manage multiple accounts and free up time for the rest of your life with smarter business banking from Kuda.you will never be charged card maintenance fee.Kuda. Don’t forget, using your account regularly will give you access to an overdraft whenever you need one.
With a kuda business account You can take care of all your business expenses in one place such as Pay bills and buy airtime easily without switching platforms, keep yourself organized and your business running smoothly.Pay multiple people at the same time with a click.
Who’s the owner of Kuda bank ?
In 2018, Babs Ogundeyi (CEO) and Musty Mustapha (CTO) co-founded Kuda Financial institution. Kuda Microfinance Financial institution is its registered title, and it has workplaces in Lagos, Nigeria, and London, United Kingdom.
Babs Ogundeyi is the CEO of Kuda Bank. He studied at Brunel University, London, and has engaged in working within the boundaries of finance for the majority of his career. His work focuses on the public and private sectors of Nigeria.
In this post we show you how to open kuda bank account online and apply for overdraft short term loan
To start using Kuda bank account, You have to obtain the Kuda App and set up a brand new account and follow the steps below:
How to open Kuda bank account
1. Download Kuda on Google Play or the App Store.
2. Open the app and follow the prompts on your screen to open an account.
3. Fill in the required details. This will include your email address, password, and also your referral code
4. Take a selfie and that’s it. You become a bonafide Kuda Bank user.
5.Add money to your account and start your new life of freedom from fees.
KUDA offers two account opening options: Basic and Full KYC account types. The information required for the Basic account include:
1.Name
2.Phone number
3. BVN
The information required for the Full KYC account include:
1. Name
2.Phone number
3. BVN
4. Valid ID(National ID Card, Voters Card, Drivers Licence, and National Passport)
Kuda bank loan {Overdraft}
You can get an instant short-term loan from Kuda bank when you need it as long as you use your Kuda account regularly.No paperwork, no embarrassment, just 0.3% daily interest.
Kuda will charge you interest on a daily basis at the rate of 0.3% of the amount overdrawn during the duration (Tenor) of the overdraft. This interest will only be applicable and begin to accrue if you don’t pay back by midnight on the Disbursement Date.
How does kuda bank overdrafts work
1.Sign up on Kuda and upgrade your account with your BVN (Bank Verification Number) and a valid ID.
2. Use your account regularly – buy airtime, pay bills, make transfers etc.
3. Kuda ’ll automatically offer you an overdraft!
How to get a loan from Kuda Bank app
To get an overdraft from the Kuda bank app kindly follow the steps below.
1.Open the Kuda app and swipe to your borrowed account.
2.Click on borrow.
3.Click on Get your Overdraft.
4.Touch next.
5.Input the amount you want to borrow and then click on done.
6. Verify your transaction PIN, face ID, or fingerprint.
7.Click okay and you’re free to spend from your account.
