KYC AND ACCOUNT TIER IN WATU

KYC AND ACCOUNT TEIR IN WATU

Housing

February 12, 2024

In the last Blog we discussed KYC. What do you know about KYC? We started by saying KYC stands for “Know Your Customer.” In this Blog we would explore KYC details for your personal account. At Watu, we prioritize your security and privacy. To comply with regulatory requirements and protect your interests, we follow a robust KYC process. This involves verifying your identity through documents like a government-issued ID. We also confirm your residential address to ensure the accuracy of your information.

WATU Account Types: Personal Account Tier 1 The account limit for this type of account for single transfer is N5,000 while daily transfer limit is N50,000.

Personal Account Tier 2 The account limit for this type of account for single transfer is N20,000 while daily transfer limit is N100,000.

A Tier 3 account is the best place to be 😉. It allows you daily transactions of N1,000,000 (you guessed it, that’s both inflow and outflow) and the the account limit for this type of account for single transfer is N200,000.

I’m sure your next question is how do you perform your KYC to validate or upgrade your account in Watu? Worry not because the answer is right below.

Personal Account Tier 1: The required documents are BVN with Face match, Gender, Address and Date of Birth.

Personal Account Tier 2: The required documents are BVN with Face match, NIN, Gender, Address and Date of Birth.

Personal Account Tier 3: The required documents are BVN with Face match, NIN, Government Valid ID, Proof of Address, Gender, Address and Date of Birth.

That’s all to it. Performing your KYC and upgrading your WATU account is a smooth and easy process. So get on it now and don’t get blocked.