Understanding KYC Tiers

Created by Hope Nwaegeruo, Modified on Tue, 28 Jan at 8:08 AM by Hope Nwaegeruo

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. With Tier 1, users can only add a personal account that matches the name on their Bumpa profile, 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. 


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




Related Articles

Bumpa KYC: What It Is and How It Works


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