Kuda Bank: USSD Code, Transfer Charges, SWIFT Code & Rates
Digital bank · Kuda · ₦2M NDIC coverage
Zero everything — no fees, 25 free transfers/day, up to 12% savings. The app bank.
Nigeria's leading digital bank. Zero fees. Savings rate up to 12%. Licensed as a microfinance bank — NDIC coverage ₦2M.
Kuda Bank is a Digital bank (CBN-licensed, NDIC-insured) founded in 2019 (7 years ago), operated by Kuda Technologies. As of 2026 it serves approximately 7M+ customers.
- Founded
- 2019 · 7 years serving Nigerians
- Parent company
- Kuda Technologies
- Customer base
- 7M+
- Bank type
- Digital bank (CBN-licensed, NDIC-insured)
- Website
- kuda.com
- Address
- 41 Saka Tinubu Street, Victoria Island, Lagos, Lagos
If you make 20 transfers, 4 other-bank ATM visits, and 30 SMS alerts per month:
This is the cheapest of the tracked banks at this usage pattern.
Compare with all 23 banks →Time to open: 3 minutes · Online via app
- BVNBank Verification Number. Get one at any bank branch if you don't have one.
- Nigerian phone numberFor OTP verification during signup.
- Live selfieFacial verification — matched against BVN photo.
No transfer fees on the first 25 transactions per day. After 25, a small ₦10-₦25 fee applies.
AI-powered spending breakdown — see exactly where your money goes each month with category tagging.
Up to 12% interest on savings — 3× what traditional banks offer. Earn daily, withdraw anytime.
Instant virtual USD card for online shopping, subscriptions (Netflix, Spotify), and international payments.