Reward on Deposits is our way of recognizing eligible businesses for keeping money in their main Kuda Business accounts. Through the programme, you may receive a monthly bonus while continuing to use your account as usual.
There’s nothing to activate or sign up for. If your business qualifies, you’re automatically included.
It is a discretionary bonus from Kuda and not interest or a guaranteed return. You may receive a reward each month, but payments are not guaranteed, and the amount may vary.
How Reward on Deposits works
Kuda determines rewards based on the balances you maintain in your eligible main business account. There’s no minimum balance required to be included in the programme.
Reward on Deposits is a discretionary bonus, not interest or a guaranteed return. This means Kuda decides whether a reward is paid and how much it will be. Being included in the programme does not guarantee a payment every month.
You can still make payments, transfer money and withdraw funds as usual. This does not lock your money or restrict access to it.
Who Can Receive Rewards
Reward on Deposits is available to businesses classified as Mid-size, Small or Micro on Kuda Business. Businesses classified as Enterprise or Growing are not eligible.
Only money held in your main Kuda Business account qualifies. Balances in expense accounts are not included.
What to Expect From Your Reward
The current maximum reward is ₦10,000 per eligible main account per month. This is a limit, not a promised payment. Your reward may be lower, may change from month to month, or may not be paid in a particular month.
Reward amounts are determined by Kuda using its programme criteria. Kuda may change the reward amount, calculation criteria or maximum payout without prior notice.
When a reward is paid, it is generally credited within the first few days of the following month. You’ll receive a notification, and you can find the credit in your transaction history and account statement.
Getting help with a reward
If you receive a reward notification but cannot find the credit, check your transaction history and account statement first.
If the credit is still missing, you notice an unexpected or duplicate reward, or you have a concern about a payment, contact Customer Support for assistance.
Keep in mind that not receiving a reward, or receiving less than in a previous month, does not necessarily mean there is a problem. Rewards are discretionary and can vary.
Choosing not to receive rewards
Although Reward on Deposits is a bonus rather than interest, you can choose not to receive it. Contact Customer Support to request exclusion from the programme, and we’ll forward your request for processing.