Are you eying a cheap online bank to invest and save your money, without any risk? Just take a deep breath, relax, and look through every bit of this article. Kuda is one of the cheap online banks that help save and invest money without any risk. As I said, “one of”, it denotes that, there are some other platforms available, but kuda is a tested and trusted one.
This article is going to let you know, the amazing benefits of using Kuda. Now let’s dive into it.
In Nigeria, Kuda is the first online bank to be licensed by the central bank of Nigeria, having its registration number to be RC 796975.
Having been the first licensed online platform in Nigeria, it makes it a trusted online bank to save your money without any risk of folding up or absconding with your money.
Another shocking benefit of kuda is that it is a free online bank. Kuda offers most of its transaction on a free basis, transaction charges and monthly card charges are not things to be considered, because, kuda allows its customers to transact freely 25 times monthly, charging not a dime, what an amazing opportunity.
Imagine, transacting twenty-five times a month, without deducting money from your balance. Most banks exist to tie you down with charges. Kuda is not most banks. Kuda is designed for your smartphone, free of ridiculous charges, and great at helping you budget, spend smartly and save more.
All transaction that is mentioned in this article, is done online; at the province of your home and at your leisure time. This makes it an interesting, easy, and cheap banking platform.
All activities you perform on kuda is done on your phone at any time or place of your wish. This is another amazing benefit of banking with kuda, you can perform your transaction anytime you want, be it at night or even during the day.
You can as well download the app, this app makes it easy and convenient for you to transact. Whatever you want to do with your money, you can do it on the app, and it will be done better and hassle-free
Most of the news heard now is that hackers are going through people’s accounts to withdraw their money; kuda’s security level is beyond that.
Kuda’s bank-level security protects your sensitive personal information and prevents unauthorized use. The platform disallows strictly, the third party to involve in their customer’s account. Your deposit is free and safe from hackers; no need to panic.
Additional account benefit, asides just being a bank to you, with Kudabank you also have a savings feature, where you can set it to save a particular amount whenever you spend money from your account.
A savings feature is great as before the advent of Fintech products solely focused on savings, the bank account also served as the savings product. But no deliberate action was done to make the “savings account” experience better for users.
Flexibility, talk about efficiency, the flexibility of Kudabank’s features have been a surprise to the bank customers. Not only that, but users have also been excited by the flexibility of the company’s operation. A significant aspect of this is that you get your Kuda card delivered to your doorstep. To be frank, no other bank does this.
Most banks or let me say 90% of the banks in Nigeria do charge their customers, when it’s time for withdrawal, using their debit cards. Kuda’s case is different, you can withdraw cash free of charge at over 3000 Access bank and Access Diamond bank ATMs in Nigeria. The reason I said “you can withdraw at over 3000 Access bank ATMS in Nigeria” is because, kuda online platform is in partnership with Access bank nig. plc
Now, to be frank, think about a platform in which you save a particular amount money, and then withdraw freely, without any charges or deductions from your balance. More significantly, debit cards issued to customers are given to them on a free basis. Candidly, the cards would be delivered to your door step, at any location you may be in Nigeria.
It is a very joyful and superb thing, knowing the money kept at a place isn’t just there but rather yielding what is called “ interest”. The beauty of money is in it increasing in quantity rather than just been the same amount as it was been kept for years. Kuda bank helps with this, it pays 15% interest on any amount you save or deposit yearly; what an amazing opportunity.
Amazingly, each time any customer refer others to this platform, kuda pays such a person a referral bonus of #200. And note this isn’t a business, it is an online bank, if it is a business the money invested cannot be recovered but rather yield profit, talking about kuda, the money deposited is yours and also it will yield interest and also bring profit.
Having said all this, I believe this article is helpful. Now to go ahead and join this platform (bank), set yourself free, and enjoy the amazing benefits listed above. Believe you me, joining kuda is easy, no need of asking for pens in the branch, it is stress-free and a cheap banking platform. Click on download to get the mobile app and join the platform.
If you have any questions, don’t hesitate to ask in the comment section below. I will be here to answer them.