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How to Open a Full Business Account with Kuda Busines
How to Open a Full Business Account with Kuda Busines
Anietie avatar
Written by Anietie
Updated over 3 months ago

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:

Step 1: Download the Kuda Business App

- Go to your device's app store (Google Play Store for Android or App Store for iOS).

- Search for "Kuda Business".

- Download and install the app.

Step 2: Sign Up

- Launch the Kuda Business App.

- If you have a personal Kuda account, tap "Sign up with Kuda".

- If you're new to Kuda, select "Sign up with email".

Step 3: Complete Your Profile

- Fill in your personal information as requested.

- Make sure all details are accurate and up-to-date.

Step 4: Choose Full Business Account

- From the dashboard, select "Full Business".

Step 5: Provide KYB Information

We'll need to verify your business. The required documents depend on your business type:

For Business Names:

  • Admin Information:

    • BVN and a valid NIN

    • Address and proof of address

  • Business Information:

    • CAC registration number

    • FIRS or JTB Tax Identification Number (TIN)

    • Business ownership details

    • Certificate of Registration of Business Name

    • CAC Registration Form (CAC BN/1 or CAC Status Report)

    • Electronic Consent Form (for businesses with multiple owners)

    • Proof of business address

For Limited Liability Companies:

  • All documents required for Business Names, plus:

    • Certificate of Incorporation

    • Memorandum and Articles of Association

    • Particulars of Directors (CAC 7/7A or CAC 1.1 or CAC Status Report)

    • Particulars of Shareholders (CAC 2/2A or CAC 1.1 or CAC Status Report)

    • Electronic Consent Form (to be approved by all Directors)

Step 6: Review and Submit

- Double-check all the information and documents you've provided.

- If everything is in order, submit your application.

What Happens Next?

Our team will carefully review your application. We may reach out if we need any additional information. Once everything is verified, we'll activate your Full Business Account.

Key Features of Your Full Business Account

  • Daily transaction limit of 250 million NGN

  • Access to all Kuda business banking features, including:

    • Send and receive payments

    • Invoicing

    • POS and Virtual POS services

    • POS Dashboard

    • softPOS for mobile payments

    • Sub-accounts for organized finances

    • Cashback on airtime purchases and bill payments

    • Payroll management

    • Business APIs for integration

    • Team banking for multiple users

We're excited to partner with you in growing your business! If you have any questions during the application process, please don't hesitate to contact our support team. We're here to help you every step of the way.

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