• About Kudimoney

  • What is Kudimoney?

    We created Kudimoney to help you live healthier financial lives. In simple terms we want to help you save as much money as possible by reducing bank charges and helping you save money easily.

    So we built a full service online only bank that makes saving money easy and banking affordable. We offer you a safe and totally secure place to save money and carry out your normal banking transactions at the lowest possible price.

    So we built a full service online only bank that makes saving money easy and banking affordable. We offer you a safe and totally secure place to save money and carry out your normal banking transactions at the lowest possible price.

  • How are you different from a normal bank?

    We are offering an entirely new experience that makes saving and banking speedy, convenient, and of greater financial value, wherever you are and whenever you want. We will be bringing banking to you and will be looking out for your best interests (have you seen our interest rates?). Sounds unfamiliar right?

    Oh and we don’t have branches, this is how we are able to offer you the best rates a normal bank cannot give you.

  • Where are you based?

    We are everywhere! In your hand, in your pocket, under your pillow at night, wherever you find your phone, tablet, or computer. However, our physical location is in Yaba, Lagos, the technology hub of Nigeria.

  • Account

  • Who is Kudimoney meant for?

    Are you tired of unnecessary high bank charges? Do you want a convenient way to save money automatically? Would you like to be paid higher than average interest on your money? Would you like to qualify for a low interest loan after a few months of running your account efficiently?

    If you answer yes to any of these questions, then Kudimoney is meant for you.

  • What do I need to open a Kudimoney account?

    You can start a savings plan with just your email address and your phone number.

    However you will need a BVN to operate a spending account, the one that comes with a smart ATM / debit card.

  • So if I do not have a BVN I cannot use Kudimoney?

    Even though you do not have to give us your BVN to enjoy some of the Kudimoney services, you need a bank account to do so, and you can only have a bank account if you have a BVN.

  • How do I fund my Kudimoney account?

    There are 3 different ways to fund your account:

    • Online transfer from any bank in Nigeria.
    • Directly from an existing ATM / Debit card – from the fund account tab, select ‘fund from card’ and input the card details.
    • Cash – pay cash into your Kudimoney account in any bank in Nigeria, click on ‘cash deposit’ to start.
  • Security

  • How am I sure that my personal information is safe?

    We have partnered with Microsoft to power our operations using Microsoft Azure cloud technology. Microsoft is one of the biggest and most trusted companies in the world, they are a global leader in storing and protecting data

    And of course we also use the highest levels of internet security, secured by 256 bits SSL security encryption, the highest level security on the internet, to ensure your information is protected from fraud.

    In simple terms, your information is secure!

  • Is my money safe with Kudimoney?

    Your account is insured by the NDIC – Nigerian Deposit Insurance Corporation. It is owned by the CBN – Central Bank of Nigeria. We pay a premium every year to insure people’s money with us.

    So yep your money is totally safe!

  • Features

  • Where is my nearest branch?

    On your nearest tree...get it? We don’t have branches remember? The truth is, we think they are unnecessary and nobody enjoys going there anyway, neither does anyone like queuing. You can do everything on your phone.

  • Okay oh, this one you don’t have branches, what if I want to pay cash into my account?

    If you must absolutely pay cash, you can do so at any bank in Nigeria.

    Select cash deposit state the amount you want to deposit and we will send you an instant transaction ID which you will use to deposit your cash. Receive instant notification when you make the cash deposit.

  • What if I need to make a complaint about something on my account?

    That’s not a problem. If you cannot find an answer to whatever you need within the FAQ, you can contact us via any (or all) of the following channels:
    Email: help@kudimoney.com
    Facebook @kudimoney
    Twitter @kudimoneyng
    Instagram @kudimoneyng (feel free to slide in our DM)
    Chat with us directly from here
    Good old phone call on 09032200350

  • Getting Started

  • How do I open a Kudimoney account?
    • Go to www.kudimoney.com and click on anywhere you see register, sign up, or get started.
    • Input your Name, email, D.O.B and contact number.
    • Select a username and password.
    • Verify your email using the automated link we send to you.

    And that’s it. You can now choose what you want to do, operate a spending account or start saving or both.

  • Can I open a Kudimoney account if I don’t supply my BVN?

    Yes you can, but you will not be able to operate all the services on offer.

  • About Savings

  • Does Kudimoney pay interest on my savings?

    Now you are talking. Sure we do! ALL Kudimoney accounts earn interest, and a significantly higher interest you will get from any bank in Nigeria.

    • Instant save – up to 25% interest per annum
    • Automatic savings – up to 10% per annum
    • Spending account – 3% per annum (with no limit on withdrawal)
  • What are goals?

    Goals are simply a way to make it easy for you to save. So for example your goals may be:

    • To go to Las Vegas to watch a scheduled Anthony Joshua fight in 10month’s time.
    • Go to the 2022 Football World Cup in Qatar
    • Pay house rent coming up in 6month’s time
    • Buy bae a present for upcoming birthday in 4month’s time

    Simply set a price for each one, and Kudimoney will tell you how much you need to save periodically to reach the goal set. Or you can just decide that you want to save a specific amount each month for a specific length of time.

    Kudimoney will help you create different goal boxes and deduct from your specified account periodically, allocating the amounts deducted to your selected goals.

    You will get regular updates on how you are doing in meeting your goals, and of course you can check your goal status anytime you want, directly from your account.

    Trust us it’s super fun!

  • If I set up a periodic savings plan and I don’t have money in my account what happens?

    Absolutely nothing, we just don’t take money from the account. There are no charges, no penalties. We will try again the following month, and adjust your goals date. You can of course inform us that you wish to resume again on a different date and we will do as you say. You can notify us directly from your account

  • How many goals can I create?

    Feel free to create as many goals as you want. In fact the more the merrier, that way you have a firm plan for most of your money.

  • Can I change or delete my goals once I have set up?

    Sure you can. Just go to reset goals and edit or delete your goals. But if you withdraw any funds before the original goals date, you will incur the early withdrawal fee of between 2.5% and 5% of amount withdrawn. Your new goals date must be the same or exceed the goals date you are amending.

  • How many goals can I create?

    Feel free to create as many goals as you want. In fact the more the merrier, that way you have a firm plan for most of your money.

  • Other Questions

  • Can I get a loan from Kudimoney?

    Yes you can, but we want to get to know you well first, and this will take a few months to a year, depending on how much you use your Kudimoney account.

  • What do you mean by a spending account?

    Your spending account is just like a normal current / savings account, but without the ridiculous charges and it earns interest at 3% per annum, with no withdrawal limit. Also it comes with a smart ATM / debit card that earns you a little something every time you use it. Sounds unbelievable right? Well, guess you just have to sign up and find out.

  • How do I get access to my money with Kudimoney?

    You can only spend from your spending account. Use your smart ATM / debit card to withdraw cash at any ATM in Nigeria, and pay for goods and services anywhere that has a POS.

  • How do I activate my Kudimoney smart card?

    You do this on your phone. You need to fund your account with a minimum of N1,500 and we will send you your smart card within ten working days. Once you have it just log into your account and activate the card directly from your phone.

  • Where can I use my Kudimoney smart card?

    ALL ATMs in Nigeria and at any merchant that accepts card payments

  • So you don’t have branches, where do I pick up my Kudimoney smart card?

    You have the option to have your card delivered to your selected address or you can pick it up at selected partner bank branches. You have an option to select directly within your account.

  • What happens if I lose my card?

    There is no limit to how much you can keep in automatic savings and instant savings

    There is a limit of N300,000 that is allowed in your spending account.

  • Can I pay my bills with Kudimoney?

    Yes most definitely! Within the dashboard, click on ‘bill payment’, select from the drop down which bill you want to pay for, input the customer reference number issued by the service provider you are paying, enter the amount you want to pay and that’s it, done!

    The money will be taken from your spending account.

  • This earning of money when I use the Kudimoney smart card to pay for things, is it for real? How does it work?

    Yes definitely it’s for real!

    It’s simple, card issuers make money from merchants when customers use their card to pay. Kudimoney and it’s card issuing partner split this money, we basically pass on our own share to you, just because we love and appreciate you.

Thanks Kudimoney, now I can save easily, on the go!

Sharon Egbo

I will admit i was a bit sceptical at first, but when I started seeing the returns I was simply amazed. #Thumbsup

Bola Williams

I have been using automatic savings and it’s been truly effortless to save. I can’t wait to open the spending account so I can stop incurring bank charges.

Todimu Abiodun

Take that first step.

Sign up in just a few minutes.

Security you can trust. Support when you need it.

Real-Time Alerts

You will receive real term alerts so that you always know what is happening in your account. If you ever suspect an unauthorised charge you can take control by temporarily blocking your card.

Privacy and Security

Your deposits are insured by the Nigerian Deposit Insurance Corporation, who are responsible for insuring all bank deposits in Nigeria. It is an entity owned by the Central Bank of Nigeria.

Friendly Support

Have a question? Check our FAQ page for answers to frequently asked questions. You can also email us at help@kudimoney.com