Business – Business name – Business category and sub-category – Business description – Staff size – Source of funds – Business address
Single debit limit: ₦50,000 Daily debit limit: ₦200,000 Single credit limit: ₦500,000 Daily credit limit: ₦500,000
Level 2
Level 1 requirements plus:
Business Owner – Next of kin submitted – Govt-ID document verification – Proof of Home Address submitted
Business – Business proof of address submitted
Single debit limit: ₦900,000 Daily debit limit: ₦900,000 Single credit limit: ₦5,000,000 Daily credit limit: ₦5,000,000
Level 3
Level 2 requirements plus:
Business Owner – Proof of Home Address verified – Indemnity provided
Business – Business proof of address verified
Single debit limit: ₦5,000,000 Daily debit limit: ₦25,000,000 Single credit limit: Unlimited Daily credit limit: Unlimited
Level 4
Level 3 requirements plus:
Business – Legal name (As in CAC document) – Business Registration Type (Business name, Incorporated company or Incorporated Trustees) – CAC number (The business name must be the name in the CAC database) – CAC affiliate verified (The business owner must be one of the affiliates of the business returned from the CAC database) – All CAC documents submitted – Other business owners (optional)
Single debit limit: ₦50,000,000 Daily debit limit: ₦250,000,000 Single credit limit: Unlimited Daily credit limit: Unlimited
Level 5
Level 4 requirements plus:
Business – All submitted CAC documents verified
Single debit limit: Unlimited Daily debit limit: Unlimited Single credit limit: Unlimited Daily credit limit: Unlimited
If you would like to increase your transaction limits, please visit your profile and provide the necessary KYC documents.
