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Kuda is a fintech company operating in Nigeria and the UK, it operates as a digital microfinance bank with license from the Central Bank of Nigeria.

With over 5 million downloads on playstore, it is one of the most used mobile money app in Nigeria. Do you want to know if kuda network is down at this moment? Check kuda network status below

KUDA NETWORK STATUS

• BVN Validation Downtime
  August 13, 2026
  Aug 13, 12:25 CET Resolved – Issue resolved Aug 13, 11:53 CET Monitoring – A fix has been applied Aug 13, 11:26 CET Identified – The BVN verification service is unavailable.
• Issue Displaying In-App Transaction History
  July 23, 2026
  Jul 23, 09:58 CET Resolved – This incident has been resolved. Jul 23, 08:20 CET Monitoring – A fix has been implemented and we are monitoring the results. Jul 23, 07:20 CET Identified – We’re aware that some users are currently unable to view their transaction history in the mobile app. Our team is working to resolve this as quickly as possible.
• Delay in Processing Overdraft Repayment
  July 16, 2026
  Jul 16, 13:38 CET Resolved – This incident has been resolved. Apr 11, 15:57 CET Monitoring – A fix has been implemented and we are monitoring the results. Apr 11, 15:16 CET Identified – We’re currently experiencing a slight delay in processing these payments, but we're on it. Your balance will be updated as soon as things clear up. Thanks for your patience.
• CAC verification on Kuda for Business is Delayed
  July 13, 2026
  Jul 13, 10:21 CET Resolved – This incident has been resolved. Jul 13, 10:13 CET Monitoring – A fix has been implemented and we are monitoring the results. Jul 12, 12:19 CET Identified – We are having an issue with verifying CAC documents. We are working with our partner to resolve this soonest.
• Delay in Inward Transactions
  July 12, 2026
  Jul 12, 08:49 CET Resolved – This incident has been resolved. Jul 12, 07:45 CET Monitoring – A fix has been implemented and we are monitoring the results. Jul 12, 05:55 CET Identified – An issue with delay in Inwards transactions has been observed and our engineers are working to resolve this swiftly.

ALSO CHECK , IS PAYSTACK DOWN TODAY ?

KUDA FAQS

Is Kuda a registered bank?

Yes, Kuda has a microfinance banking license from the Central Bank of Nigeria. Registration number is RC 796975.

What fees does Kuda charge?

Kuda gives you 25 free transfers every month if you sign up with your Bank Verification Number (BVN).

Extra transfers will cost you 10 naira each

Does Kuda give loans?

Kuda gives overdrafts, and you’ll be eligible to take an overdraft if you use your Kuda account regularly.

What do I need to open a Kuda account?

To open a Kuda account, you must be at least 16 years old and you must have an email address and a phone number.

What kind of account will I get?

If you sign up with your name, phone number and BVN (Bank Verification Number), you’ll get an account limited to a maximum balance of 300,000 naira, a maximum deposit of 50,000 naira at a time and a maximum transfer of 50,000 naira at a time.

If you add a government-issued ID (like your driver’s license, national ID card or international passport) to your Kuda profile, we’ll remove those limits from your account.

Is there a minimum balance on Kuda Account?

No, kuda doesn’t have a minimum account balance.

Is my money safe with Kuda?

Yes, your money is safe with kuda. Kuda secure all accounts with the same high-security encryption used by regular banks.

For extra protection, kuda insure every deposit you make into your Kuda account. 

If all banks are wiped out by a natural disaster or something, the Deposit Insurance Fund of the National Deposit Insurance Commission (NDIC) is required to pay you 200,000 naira as compensation.

How will I put money in my Kuda account?

You can transfer money to your Kuda account from any Nigerian bank with a bank app or through internet banking.

You can also add money to your upgraded account with most debit or credit cards. Tap Add Money on your Kuda dashboard and choose the Add By Card option.

Adding money to your account by card is free up to a total of 100,000 naira. After that, kuda will no longer cover the third party payment gateway fee.

If you have cash, you can deposit it into your Kuda account at partner banks. Tap Add Money on your Kuda dashboard and choose the Add By Deposit option to get instructions.

Will I get account statements?

Yes, you can request an account statement for a specific time period. 

To request an account statement, tap More on the app then tap Statements & Reports.

Where’s Kuda office?

Kuda is located at 151, Herbert Macaulay Way, Yaba, Lagos.