Ready to take your registered business to the next level with Kuda? Our Full Business Account is designed for companies that need comprehensive banking services. Follow these steps to get started:
Prerequisites for Creating a Kuda Business Account
Before starting the registration process, ensure you meet these requirements:
Your business must be registered with the Corporate Affairs Commission (CAC) in Nigeria.
You should have valid identification documents (e.g., government-issued ID).
A BVN (Bank Verification Number) is required for the process.
A unique email address and phone number not linked to an existing Kuda account are necessary.
Step 1: Download the Kuda Business App
Visit your device's app store (Google Play Store for Android or App Store for iOS).
Search for "Kuda Business".
Download and install the app.
Alternatively, visit the Kuda Business website and click Get an Account to begin the setup process.
Step 2: Sign Up
Open the app and follow the prompts.
You’ll take a selfie, confirm your BVN, email, password, and personal info.
If your device supports passkeys, you’ll need to create one.
Make sure all your details are accurate and up to date.
Validate your email address and phone number using OTPs sent to these devices to ensure the information is accurate and accessible.
Step 3: Choose Full Business Account
From your dashboard, select Full Business.
Choose your business type:
Business Name (BN) if your CAC number starts with BN
Limited Liability Company (RC) if it starts with RC
Step 4: Add Business Basics
Here’s where we verify who you are and your business setup.
Add Your Business Information
Enter your CAC registration number (numbers only).
Add your TIN – Either FIRS TIN (e.g. 12345678-0001) or JTB TIN (e.g. 1064601600)
We’ll auto-fetch your business name and incorporation date for you to confirm.
Confirm Business Ownership
If you’re a director or business owner, we’ll ask for:
Your NIN
Home address + proof of address
Your PEP status (Politically Exposed Person)
If not, you’ll need to invite someone who is.
🕓 Invites expire after 24 hours but can be cancelled or resent before they’re accepted.
Once your Business Basics are instantly verified:
You’ll get your Kuda Business account number 🎉
Your account becomes active with basic access
You can now send and receive money within these limits:
Limit Type | Amount |
Single Deposit Limit | ₦50,000 |
Maximum Account Balance | ₦300,000 |
Single Transfer Limit | ₦50,000 |
Daily Outward Limit | ₦300,000 |
💡 You can increase these limits by completing the Enhanced Due Diligence step next.
Step 5: Enhanced Due Diligence
This step helps us verify your business structure and the people behind it. Once submitted, you’ll unlock more tools and higher limits.
Business Address
Enter your business address and upload proof of address. Such as a utility bill or rent agreement. The document must:
Match the address provided
Not be older than 3 months
Upload Know Your Business (KYB) Documents
For Business Names (BN):
Certificate of Registration
CAC BN/1 or Status Report
For Limited Liability Companies (RC):
Certificate of Incorporation
CAC Forms (7/7A, 2/2A, or 1.1) or Status Report
Memorandum & Articles of Association
More About Your Business
Tell us about your industry, the kind of business you run, monthly turnover, transaction volume, and upload SCUML Certificate if needed.
Business Owner Verification
Submit BVN and address details for directors, shareholders, and business owners.
At least two directors or business owners must electronically consent the person managing the account.
If there’s only one, a self-consent works.
Once these details have been submitted, instantly:
Your account is fully active.
You gain access to tools like invoicing, POS, expense accounts, APIs, and team banking.
Your limits increase to:
Limit Type | Amount |
Single Deposit Limit | ₦100,000 |
Maximum Account Balance | ₦500,000 |
Single Transfer Limit | ₦100,000 |
Daily Transfer Limit | ₦500,000 |
What Happens Next?
We’ll take one last look to make sure everything’s in order.
Applications are typically reviewed within 24 to 48 working hours. Ensure all documents are complete and accurate to avoid delays.
If anything needs updating, we’ll let you know with clear instructions.
Once you’re cleared, your account becomes fully unrestricted with the highest available limits:
Limit Type | Amount |
Single Deposit Limit | Unlimited |
Maximum Account Balance | Unlimited |
Single Transfer Limit | Up to ₦250m |
Daily Transfer Limit | Up to ₦250m |
Key Features of Your Full Business Account
Daily transaction limit of 250 million NGN
Unlimited access to all Kuda business banking features, including:
Send and receive payments
Invoicing
POS and Virtual POS services
POS Dashboard
softPOS for mobile payments
Expense accounts for organized finances
Cashback on airtime purchases and bill payments
Payroll management
Business APIs for integration
Team banking for multiple users
Need Help?
See helpful tips, upload guides and examples in-app.
Live chat is available if you get stuck.
Rejected document? No stress. We’ll explain why and how to fix it.
We’re excited to help you grow. If you have any questions, please reach out. We’re here to support you every step of the way. 💜
Key Notes and Tips
Double-check the accuracy of all submitted details, as errors can delay the verification process.
Ensure your BVN matches the details in your submitted documents.
Validation of email and phone numbers through OTPs is mandatory, so ensure you have access to these devices.