Your Kuda Business account comes with flexible transfer limits to suit your business needs. Here's what you need to know:
Freelancer Accounts:
Default single transfer limit: ₦1,000,000
Default daily transfer limit: ₦2,000,000
Full Business Accounts:
Default single transfer limit: ₦5,000,000
Default daily transfer limit: ₦25,000,000
You can easily adjust your transfer limits within these ranges on the Kuda Business app:
Freelancer Accounts:
Single transfer: Up to ₦5,000,000 (with indemnity)
Daily transfer: Up to ₦10,000,000 (with indemnity)
Full Business Accounts:
Single transfer: Up to ₦25,000,000 (with indemnity)
Daily transfer: Up to ₦100,000,000 (with indemnity)
Here's how to view and adjust your limits:
Open the Kuda Business app
Tap the "More" icon at the bottom right of your screen
Select "Account Limits"
To adjust your limits:
Tap "Manage Single Transaction Limit" to change your per-transaction limit
Tap "Manage Daily Limit" to change your daily transfer limit
Choose your preferred limit
Confirm the change with your Face ID, fingerprint, or transaction PIN
Enter the verification code sent to your phone
Your new limit will be updated instantly
Remember, increasing your limits may require additional documentation or approval. If you need help, reach out to our support team through the app.
You can also get even higher limits. For even higher limits:
Freelancers: Up to ₦25,000,000 per transfer and above ₦10,000,000 daily
Full Business: Up to ₦250,000,000 per transfer and up to ₦250,000,000 daily
These higher limits require EDD (Enhanced Due Diligence) and compliance approval.