What Type of Account is My Aku Account?

Your Aku account is a full-featured deposit account. Your account can receive direct deposits and it supports pre-authorized withdrawals and interbank transfers.

Aku gives you:

• An AkuPay Card
• An NDIC-insured deposit account that can be managed entirely from your smartphone
• A Savings Account that helps you save money without thinking about it 

Aku accounts are insured up to the standard maximum deposit insurance amount of ₦200,000.

If you sign up with your name, phone number, and BVN (Bank Verification Number), you’ll get an account limited to a maximum balance of ₦200,000, a maximum deposit of ₦50,000 at a time, and a maximum transfer of ₦50,000 at a time.

If you add a government-issued ID (like your driver’s license, national ID card, or international passport) and proof of address to your Aku profile, we’ll remove those limits from your account.