What is the limit on my tier 1/2/3 account? 🛑
We adopted a tiered system to make gomoney more accessible to everyone. Here's what you need to know:
To mitigate against fraud, stay within the CBN guidelines and still serve you, we created a tier 0 account. This account allows users to fund with only NGN 20,000 at a time. With this account, your daily and cumulative transaction limit is NGN 10,000 and your daily bill payment limit is NGN 1,000.
Tier 1 is the default tier when you open your gomoney account. With a tier 1 account, your funding limit stays at NGN 20,000 but your daily transaction limit increases to NGN 30,000. Your daily bill payment limit also bumps up to NGN 5,000.
With your BVN verified account, you become a tier 2 user, and your daily transaction limit increases up to NGN 200,000 and your bill payment allowance also increases to NGN 50,000.
At this tier, your daily limit increases to NGN 2,000,000 with bill payment allowance of NGN 50,000 and a cumulative of NGN 5,000,000 (As a bonus, you receive as much as you like!)
If you are unsure about the tier of your account, tap on “settings” then on “Account Limits”. You will see a description of the account tier you are on and the limits associated with your account tier.