All these deductions (stamp duty) on money received into one's account is becoming too unbearable. Alert bills is there too especially since CBN made it compulsory for all customer.

I just heard about Kuda bank so I'd like to know if Kuda bank is a good alternative. If you have an account with them please share your experience.

Same here

They still charge stamp duty for amount 10,000 and above but no other charges plus you get 24 free transfers per month. They use push notifications instead of SMS. Good experience.

That is part of the ways they make money from people
#50×1000000people=#50000000 million

Davy04:
That is part of the ways they make money from people
#50×1000000people=#50000000 million

but it's pure extortion

The difference isnt much then. I was actually expecting it to be free of stamp duty regardless of the amount.

emae009:
They still charge stamp duty for amount 10,000 and above but no other charges plus you get 24 free transfers per month. They use push notifications instead of SMS. Good experience.

If you leave 1k in your Bank account in Nigeria, by the end of the year you would left with zero balance...

Sometimes it's good to eat your money at home yourself than unsolicited electronic deduction that goes to the same government who doesn't give a damn about you or how you survived to make your money.

Ciroma2020:
The difference isnt much then. I was actually expecting it to be free of stamp duty regardless of the amount.

can you show proof of stamp duty charges from Kuda because I've been using the bank and no stamp duty charges was removed from my money

I'm afraid there's been a misunderstanding as my reply was directed to the person em.ae009 who said that they charge stamp duty on transaction of 10000 and more.

Pofgrace:
can you show proof of stamp duty charges from Kuda because I've been using the bank and no stamp duty charges was removed from my money

and is that possible?

internationalman:
If you leave 1k in your Bank account in Nigeria, by the end of the year you would left with zero balance...

[b]Sometimes it's good to eat your money at home yourself [/b]than unsolicited electronic deduction that goes to the same government who doesn't give a damn about you or how you survived to make your money.

I have been paying stamp duty on my current account for over 10 years now. It is not new

kuda bank is the way, no charges Wat so ever, if u receive 500k, u get 500k in ur account. no charges at all, free 25 transfer

Wow. That's great. Thank you for sharing. I think i will be opening an account with them

GOB25:
kuda bank is the way, no charges Wat so ever, if u receive 500k, u get 500k in ur account. no charges at all, free 25 transfer