Kuda Bank is one of the most popular neobanks in Nigeria offering banking services via its mobile app. In this comprehensive guide, we will walk you through the step-by-step process to download the Kuda app and get started with mobile banking in Nigeria.
As someone who grew up in the 80s and 90s in Nigeria, the concept of digital and mobile banking was still very new when I first heard about it in the early 2000s. Back then, going to the physical bank was the only way to perform basic tasks like checking your balance, transferring money, or paying bills.
It wasn’t until about 2010 that things started to change with the introduction of online banking websites by some legacy banks. However, these early online banking platforms still left much to be desired in terms of user experience and functionality.
Fast forward to 2020, the banking landscape in Nigeria had transformed remarkably with the rise of digital-first neobanks like Kuda. I was fascinated by how they were able to offer banking services entirely through their mobile apps with no physical branches at all. This seemed much more convenient than the traditional banks I was used to.
Kuda Bank is a digital-only bank that launched in 2019. It is one of the pioneering neobanks in Nigeria offering banking services through its mobile app. Some key things to know about Kuda Bank include
How to Download the Kuda App
Now that we have an overview of Kuda Bank, let’s dive into the step-by-step process to download and set up the Kuda mobile app
How to Download from Google Play Store or iOS App Store
To download the Kuda mobile banking app, first search for “Kuda” on the Google Play Store if you have an Android device or the App Store if you have an iPhone.
- Open the Play Store app, search for “Kuda” and click the Install button to download the app.
- On iOS, Open the App Store app, search for “Kuda” and tap GET to download the app.
The app size is around 30MB so it should only take a few minutes to complete the download depending on your internet speed.
How to Open the Kuda App
Once the app has downloaded, open it and you will be welcomed with the onboarding screens to get started.
- This is the main dashboard that shows your account summary, recent transactions etc after logging in.
- If it’s your first time, you will see options to sign up or log in to an existing account from here.
- For returning users, enter your login credentials to access your Kuda account from this page.
How to Create a New Kuda Account
If you don’t already have an account, click on the “Get Started” button to begin creating one:
- Provide your valid phone number, full name and email.
- You will receive an SMS with a code to verify your phone number identity.
- The app will prompt you to take a clear selfie of yourself for liveness check.
- Upon successful verification, your new Kuda virtual account number will be generated.
All done! You can now start using your new Kuda bank account.
Conclusion
In conclusion, Kuda Bank has made accessing basic financial services more convenient in Nigeria through its feature-rich yet easy-to-use mobile app. With zero physical branches or minimum balance requirements, Kuda breaks down barriers for the unbanked and underserved segments of the population. Whether you’re looking for savings goals, investments or financial access closer to home, downloading the Kuda app is a great way to embark on your digital banking journey.
FAQs
Is Kuda Bank safe and reliable to use?
Kuda Bank is regulated by the Central Bank of Nigeria meaning users’ funds are protected. The app also uses bank-grade security with your details encrypted during transactions for peace of mind. Majority of reviews praise Kuda for its safety, reliability and excellent customer service.
What are the steps to delete my Kuda Bank account?
To permanently close your Kuda Bank account, log in to the app and visit the Profile section. Select ‘Close Account’ and follow the on-screen prompts to confirm deletion after any outstanding balances have been settled. Your details will be permanently removed from Kuda’s records within 7 working days.
