Due to recent regulatory requirements from the Central Bank of Nigeria, all Bumpa Users are required to verify their identity before adding a bank account to receive payments.
There are 2 levels of verification, Tier 1 and Tier 2, which determine the type of bank account details a user can input on the Bumpa app and the transaction amount that can be withdrawn from the Bumpa Wallet.
With Tier 1, users can only add a personal account that matches the name on their Bumpa profile and can only withdraw up to 1 Million per day, while Tier 2 verified users can add either an individual or business bank account that matches either their profile or business name on the Bumpa app and can withdraw up to 10 Million per day
To learn more about the Bumpa KYC verification and how it works, click here
To see your KYC Tier,
ON MOBILE
- Click on More
- Click on Settlement limit
Your current tier will be shown at the top of the Tier you have completed verification for
ON WEB
- Click on the Profile dropdown
- Click on KYC tiers
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Bumpa KYC: What It Is and How It Works
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