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BANKING · QUARTERLYas of 2026-07-28

Kuda Bank: USSD Code, Transfer Charges, SWIFT Code & Rates

Digital bank · Kuda · ₦2M NDIC coverage

AT A GLANCE
SWIFT
USSD
Savings rate
4–12%
Fixed deposit
WHY THIS BANK

No charge — 25 free transfer every day, savings rate reach 12%.

Number one digital bank for Nigeria. No fee. Savings rate reach 12%. NDIC coverage na ₦2M.

ABOUT Kuda Bank
Bank profile · we don verify am

Kuda Bank na Digital bank (CBN license, NDIC dey insure am) wey dem start for 2019 (7 years ago), and na Kuda Technologies dey operate am. For 2026 e dey serve about 7M+ customers.

Dem start am
2019 · 7 years dey serve Nigerians
Owner company
Kuda Technologies
Customer base
7M+
Bank type
Digital bank (CBN license, NDIC dey insure am)
Website
kuda.com
HEAD OFFICE
Kuda Bank headquarters
Address
41 Saka Tinubu Street, Victoria Island, Lagos, Lagos
CHARGES
CBN-regulated · effective May 2026
Transfer <₦5,000
FREE
Transfer ₦5,000–₦50,000
₦10
Transfer >₦50,000
₦50
SMS alert
FREE
Email alert
FREE
ATM card issuance
₦1,500
ATM card maintenance· scrapped May 2026
FREE
Virtual card
FREE
Current acct maintenance· ₦0 from 2027
₦0.5/₦1,000
Hardware token
₦2,500
Min opening balance
₦0
NDIC coverage
₦2M NDIC coverage
TRUE YEARLY COST
at typical use

If you dey do 20 transfer, 4 other-bank ATM visit, and 30 SMS alert every month:

Kuda2,400/year

This na the cheapest for the tracked banks at this usage pattern.

Compare with all 23 bank →
HOW TO OPEN ACCOUNT

Time to open: 3 minute · Online through app

UNIQUE FEATURES
25 Free Transfers/Day

No transfer fee for the first 25 transaction every day. After 25, small ₦10-₦25 fee dey.

Spend Analytics

AI spending breakdown — see exactly where your money dey go every month with category tag.

Kuda Savings

Reach 12% interest on savings — 3 times wetin normal bank dey give. Earn daily, withdraw anytime.

Virtual Dollar Card

Instant virtual USD card for online shopping, subscription (Netflix, Spotify), and international payment.

APP RATINGS & CONTACT
iOS rating
4.5 / 5
Android rating
4.3 / 5
Lagos branches
0
Lagos ATMs
0
QUESTIONS PEOPLE DEY ASK PASS
Answer about Kuda Bank
Wetin be Kuda Bank transfer charges?
bankingDetail.faqTransferA
Wetin be Kuda Bank savings account interest rate?
Kuda Bank dey pay 4%–12% per year on savings account balance (as of 2026). Real rate depend on balance tier and account type.
Where Kuda Bank head office dey?
Kuda Bank headquarters dey at 41 Saka Tinubu Street, Victoria Island, Lagos, Lagos, Nigeria.
NDIC dey insure Kuda Bank?
Yes. Deposit for Kuda Bank dey insured by Nigeria Deposit Insurance Corporation (NDIC) up to ₦2,000,000 per depositor per bank.
How I fit contact Kuda Bank customer service?
Website: kuda.com. Phone: —. Head office visit: Victoria Island, Lagos.
COMPARE WITH OTHERS
FeatureKudaKudaProvidus
SMS feeFREEFREE₦5
Transfer ₦5K-₦50K₦10₦10₦10
Savings rate12%12%6%
NDIC₦2M₦2M₦5M
App rating4.5/54.5/53.8/5
Yearly cost₦2,400₦2,400₦4,200
RELATED
SAVINGS vs STOCKS
12% vs NGX +55% YTD

Where ₦1M dey grow faster — savings or NGX stock?

IN RICE BAGS
₦2,400 = 0.0 bags rice

Yearly banking charge for Lagos market term.

Back to all 23 bank wey we compare