How Much Can PalmPay, OPay, Kuda Bank, and Moniepoint Allow Without BVN in Nigeria?

How Much Can PalmPay, OPay, Kuda Bank, and Moniepoint Allow Without BVN in Nigeria? Let’s find out together. 

In Nigeria, financial technology (fintech) companies are changing the way people access and use financial services. 

With the use of mobile phones and internet access, more Nigerians are turning to mobile banking apps for their financial transactions. 

However, the question of how much these platforms can receive without a Bank Verification Number (BVN) remains a concern for many. 

In this article, we will look at the limits of four popular fintech platforms – PalmPay, OPay, Kuda Bank, and Moniepoint – without BVN in Nigeria.

So, let’s get into it. 

How Much Can PalmPay Receive Without BVN in Nigeria?

While PalmPay requires users to register with their phone number, it does not require a BVN to create an account. 

However, the amount that can be received without a BVN on PalmPay is limited to N300,000 per month.

How Much Can OPay Receive Without BVN in Nigeria?

OPay does not require a BVN for account creation. 

However, the daily transaction limit without a BVN is N20,000, and the monthly limit is N50,000.

How Much Can Kuda Bank Receive Without BVN in Nigeria?

Unlike other platforms, Kuda Bank requires users to provide a BVN to access its full range of services. 

However, you can still open an account without a BVN and receive up to N50,000 per month.

How Much Can Moniepoint Receive Without BVN in Nigeria?

Moniepoint does not require a BVN for account creation, and the transaction limit without a BVN is N10,000 per day.

However, there is no monthly limit on the amount that can be received without a BVN.

Conclusion on How Much Can PalmPay, OPay, Kuda Bank, and Moniepoint Allow Without BVN in Nigeria?

While PalmPay, OPay, Kuda Bank, and Moniepoint do not require a BVN for account creation, there are transaction limits for users without BVNs. 

These limits are in place to prevent fraud and ensure the security of the platforms. 

If you need to receive or transfer larger amounts, it is best to provide a BVN to access the full range of services offered by these platforms.

In the end, you need to note that providing accurate and complete information is important to ensure the safety and security of your financial transactions. 

So, whether you’re a new or existing user, you need to provide the necessary details to enjoy the full services offered by PalmPay, OPay, Kuda Bank, and Moniepoint. 

We hope you find this article on How Much Can PalmPay, OPay, Kuda Bank, and Moniepoint Allow Without BVN in Nigeria helpful. 

FAQs about How Much Can PalmPay, OPay, Kuda Bank, and Moniepoint Receive Without BVN in Nigeria?

What is the maximum amount that Palmpay can receive without BVN in Nigeria?

Palmpay accounts without BVN cannot hold more than ₦300,000. 

If you exceed this limit, your Palmpay account will be blocked until you link your BVN.

Can I receive more than ₦20,000 per day without BVN on OPay in Nigeria?

No, the daily transaction limit without BVN on OPay is ₦20,000, with a monthly limit of ₦50,000.

Is it possible to use Kuda Bank without a BVN in Nigeria?

Yes, you can open an account with Kuda Bank without a BVN and receive up to ₦50,000 per month

But providing a BVN is necessary to access the full  services.

How much can I receive per day on Moniepoint without a BVN in Nigeria?

The daily transaction limit without BVN on Moniepoint is ₦10,000, with no monthly limit.

Why are there transaction limits for users without BVNs on PalmPay, OPay, Kuda Bank, and Moniepoint in Nigeria?

These limits are in place to prevent fraud and ensure the security of the platforms.