How Increasing your daily transfer limit can make your life easier

by Jul 28, 2022Guides0 comments

Many customers using the NowNow App are worried about how to increase daily transfer limit for transactions including money transfers, paying bills, buying airtime or data. If this applies to you, then read on and see how it can make your life easier.  

What is a Transaction Limit?

A transaction limit is the maximum amount of funds a consumer can transfer or authorize for a transaction.

Why is there a daily transaction limit on NowNow App?

The daily limit helps protect your funds from fraud or unauthorized access (yes, we care about you like that). This is why the NowNow App has put a daily transaction limit and a maximum balance on how much money you can send from your App each day. 

How can increasing my daily limit benefit me?

Just in case you’re wondering, there are certain benefits when you upgrade your daily transfer limit. And it’s free to upgrade too. 

We have broken it down below.

NowNow App has 3 KYC (Know Your Customer) levels.

  • KYC+1:  Daily transfer up to N50,000 and balance limit of 100,000 
  • KYC+2: Daily transfer up to N200,000 and balance limit of 200,000 for 
  • KYC+3 (Agents): Daily transfer up to N500,000 and balance limit of 1,000,000

When you sign up on the NowNow App, you are automatically placed on the KYC1 which is the first level.

Need to move more money?

No problem! 

First, you need to upgrade your account to KYC 2 with the following: 

  • Full Name
  • Residential Address
  • BVN

How to Increase your daily transfer limit to KYC2

  1. Log into the NowNow App 
  2. Tap on ‘KYC2’ at the top of your screen
  3. Fill in your details
  4. Tap ‘Verify’ 

There you go, easy-breezy, right? 

Got to make  bigger transfers? 

Sure, you can!

How to Increase your daily transfer limit to KYC3

  1. Log into the NowNow App 
  2. Tap on ‘KYC3’ at the top of your screen
  3. Fill in your address of residence
  4. Upload proof of residential address(Utility or Waste bill).
  5. Upload a Valid Identification(National ID card, Voters’ card, International Passport or Drivers’ License).
  6. Upload a clear picture on yourself on the profile image
  7. Tap ‘Verify’ 

Viola! Your account has been upgraded instantly to KYC3.

But just in case you can’t do it, we are here to help. Call or Chat us on 0700-066-9669 or customercare@nownow.ng 

Now there’s nothing stopping you. Everyday transfers, savings and paying bills is  hassle-free with NowNow, the App for everything. 

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