Understanding Settlement Limits

Created by Hope Nwaegeruo, Modified on Tue, 15 Oct at 8:30 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 receiving settlement.

There are 2 levels of verification, Tier 1 and Tier 2, and this determines the amount of settlement a user receives daily. The settlement limit for Tier 1 verified users is N300,000 daily, while Tier 2 verified users' settlement is unlimited. 


To learn more about the Bumpa KYC verification and how it works, click here


To see your settlement limit, 

  • Click on More 

  • Click on Settlement limit

Your current limit will be shown at the top of the Tier you have completed verification for 


Related Articles

Bumpa KYC: What It Is and How It Works

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