Kuda Bank Referral Programme – Earn 20,000 Naira Extra this Month

The Kuda Bank Referral programme lets you earn 1,000 Naira for every single person that you invite to use the Kuda app. You will get a reward of 1,000 Naira and your invitee (friend) will also get 1,000 Naira.

In this article, you will learn about how to participate in the Kuda bank referral programme and make money from it.

kuda bank referral programme banner

If you have never heard of Kuda bank before, here is a brief explanation of what it is all about.

Kuda Bank is a digital banking platform that operates in Nigeria. The company is licensed by the Central bank of Nigeria under the microfinance and mobile banking services category. As a Financial technology company, Kuda allows customers to save and withdraw money like traditional banks.

A few reasons why Kuda bank is popular is because the company does not charge transfer fees for the first 25 transfers every month, no charges on stamp duties, no SMS charges and customers also get a free Visa debit card. 

These features are not common with traditional banks like GTBank and Zenith.

What is the Kuda Bank Referral Programme?

As a Fintech company, Kuda bank wants to expand its customer base as fast as possible. I am sure you have seen the aggressive marketing on Youtube, Facebook and on Billboards nationwide. The Kuda bank referral programme is another strategy the bank employs to get more users into its platform.

As a way of saying thank you, they reward you for each person you refer. Before now, Kuda Bank gave a 200 Naira referral bonus before it was increased to 2,000 Naira, shared equally between the referee and the invitee.

In order to earn the referral bonus, your invitee must register with your Kuda Bank referral code, verify their account and buy at least 500 Naira airtime on the Kuda app.

Once your referral completes these steps, both of you will be rewarded with 1,000 Naira each.

The money will be paid into your Kuda account.

If you do not have a Kuda bank account, you can open one now for free with my referral code and also collect your 1,000 Naira bonus.

Note that you will not be given the 1,000 Naira bonus if you do not register with an active referral code (use this referral code to register RsYHI17H).

To open a Kuda account, simply click on this link or the button below to download the Kuda app.

After downloading, you will need to open the app and register. Enter your name, phone number and email address while registering. You will be asked to provide a referral code, you can use my referral code so that you can get the bonus.

Kuda Bank referral code: RsYHI17H

Copy the code and paste it into the space provided for the referral code. If you do not use a referral code, you will not get the bonus.

Supply your BVN and date of birth to complete the first stage of the verification. Once you have completed this part, you will need to snap and upload your NIN slip to the app. These are compulsory measures given to all financial institutions in the country by the Central Bank.

If you do not have your NIN slip, you can check my article on how to print your NIN slip online.

Now you can buy airtime of 500 Naira to claim your bonus.

How to Get your Kuda Referral Code

After registering on Kuda, you need to get your referral code so that you can invite other users to the platform. You can get your referral code by following the steps below;

Open the Kuda app and click the more icon located at the bottom right corner of the app. See the arrow in the image below.

Scroll down and click on referrals.

Click the share button and click on copy.

Share the referral code with your friends, family and colleagues.

How to Make 20,000 Naira with Kuda Bank

To make an extra 20,000 Naira, you need to invite 20 users to join the platform. If you can refer 5 users every week, you will earn 20,000 Naira before the month ends.

To earn your first 2,000 Naira, you can invite your parents if they have an Android or iOS device. Tell them, they will never be charged for SMS charges or stamp duty ever again.

If you have siblings from 18 years and above, you can invite them as well. This is where having so many siblings has its benefits 🙂

You can also invite your friends, colleagues and other extended family members.


The Kuda bank referral programme is not a get rich quick scheme. Do not abuse the platform by inviting people who only want to get the bonus and quit the app. The programme is not a salary job that’s why I never wrote titles like “Earn 20,000 Naira monthly with Kuda Bank”.

Do not try to open accounts for people without their permission.

I hope you enjoyed my article on how to earn an extra 20,000 Naira through the Kuda Bank referral programme.

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