We adopted a tiered system to make gomoney more accessible to everyone. Here's what you need to know;
Tier 0 - To mitigate against fraud, stay within the CBN guidelines and still serve you, we created a tier 0 account. This account allows users 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 - Tier 1 is the default tier when you open your gomoney account. With a tier 1 account, your transfer limit stays at NGN 30,000 but your daily transaction limit increases to NGN 30,000. Your daily bill payment limit also bumps up to NGN 5,000.
Tier 2 - With your BVN verified account, you become a tier 2 user, and your daily transaction limit increases up to NGN 200,000 with a transfer limit of 50,000 and your bill payment allowance also increases to NGN 50,000.
Tier 3 - At this tier, your daily limit increases to NGN 1,000,000 with a max bill payment allowance at NGN 100,000 and a transfer limit of NGN 500,000 (As a bonus, you receive as much as you like!)
If you are unsure about the tier of your account, click on your profile (the circular icon with your initials or profile picture at the top of the homepage) and you will see the tier of your account stated beneath your name.
With gomoney, your money is 100% safe with PCI DSS Level 1 Compliance, and you're insured by the NDIC. So rest easy and spend comfortably.
Why we need your BVN?
To provide you with more value, we're requesting your BVN to validate your date of birth, legal name, and phone number.
We cross-check this information against the CBN database to ensure that the information you have provided is accurate and to further protect you from Identity Theft and Fraud.
Your BVN also gives you access to a higher transaction limit of NGN 200,000 daily and a maximum account balance of NGN 300,000. We take your security very seriously and so will not store any information that may be an infringement on your privacy.
What this means is that we will not have access to your other bank accounts or financial history. Your information is safe with us.