I combined explored web plus my own personal experience with Kuda Bank App to compiled this article. You seeking for the disadvantages of Kudabank might have come due to some inconveniences the fintech app had put you through.
Regardless, I want you to know that almost every financial apps in Nigeria use to develop technical issues within the period of 24 hours. So, Kuda Bank giving you issues today doesn't mean the bank is not reliable or legit or it's shutting down any time soon.
Like I said the other time, this article consist my personal experience about Kuda app and source from the web. Now, let's dive into the possible disadvantages of Kudabank in Nigeria.
Problems with Kuda Bank
From my own personal experience, I found out that Kuda Bank App is usually out of service during the weekend. I have complained about this severally to their customers service but all they keep saying is "sorry for the inconveniences we might have caused you."
Meanwhile, before the weekend ends, the issues will be resolved and I will be able to carryout transactions on my kuda Bank app. Asides from this problem, I haven't had any other issues with Kuda Bank, and I have been using the neo bank for over 3 years now.
Other disadvantages of Kudabank I gathered from the web are low interest on savings, no overdraft facilities even though they promised that after meeting some requirements, you will get but it's obviously a lie.
Furthermore, technical issue is usually their priority during the weekends. Like I explained earlier, I personally noticed this. So, whenever weekend approaches, I will move some money to other similar fintech app like OPay to run my weekend expenses.
In conclusion, Kuda Bank is a legit and safe Neo Bank in Nigeria. Like any other bank, there's always technical issues and server downtime. You should not stop using Kuda App because of that.