Understanding Your Transaction Limits on the Rank App

Understanding Your Transaction Limits on the Rank App

💸 Making Transactions on the Rank App

How much you can send, receive, or keep in your Rank App account depends on your KYC Tier. KYC stands for “Know Your Customer” — it’s how we verify your identity to keep your account safe and secure.

The more details you provide, the higher your transaction limits and access to more features. Here’s a breakdown of what each tier means:

🔰 Tier 0 / Tier 1 – Basic Access
This is the starting level. To open an account and start transacting, you only need to provide either your BVN (Bank Verification Number) 

With this tier, you can send or receive up to ₦50,000 per day.

You can hold up to ₦300,000 in your account at any time.

This tier is great for light or occasional transactions.

⚙️ Tier 2 – More Room for More Transactions
To move up to Tier 2, you’ll need to provide your NIN.

This increases your daily transaction limit to ₦500,000,

And you can keep up to ₦500,000 in your account.

Tier 2 is ideal if you make frequent transactions or want a bit more flexibility with your account.

🚀 Tier 3 – Full Access & Flexibility
Tier 3 gives you full access to the app’s transaction features. To qualify, you need:

A proof of address (this could be a utility bill like electricity, water, or waste — as long as it’s not older than 3 months).

With Tier 3:

You can send and receive up to ₦1,000,000 per day and Maximum balance is 'Unlimited'

Your account balance has no limit, so you can keep as much as you like.

This tier is perfect for users who run a business, handle large payments, or want complete access without restrictions.


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