How Much is Opay Limit?

When it comes to OPay’s transaction limits, they vary depending on the level of account verification, which is categorized into different KYC (Know Your Customer) levels. Here’s a breakdown:

1. KYC Level 1 Limits:
   • Single transaction limit: ₦20,000
   • Daily transaction limit: ₦50,000
   • Cumulative transaction limit: ₦400,000
   • 7 days cumulative transaction limit: ₦150,000
   • Maximum account balance: ₦50,000
2. KYC Level 2 Limits:
   • Single transaction limit: ₦50,000
   • Daily transaction limit: ₦200,000
   • Cumulative transaction limit: Unlimited
   • 7 days cumulative transaction limit: Unlimited
   • Maximum account balance: ₦300,000
3. KYC Level 3 Limits:
   • Single transaction limit: ₦1,000,000
   • Daily transaction limit: ₦5,000,000
   • Cumulative transaction limit: Unlimited
   • 7 days cumulative transaction limit: Unlimited
   • Maximum account balance: Unlimited
4. Merchant Account Limits (Highest level):
   • Single transaction limit: Unlimited
   • Daily transaction limit: Unlimited
   • Cumulative transaction limit: Unlimited
   • 7 days cumulative transaction limit: Unlimited
   • Maximum account balance: Unlimited

For unverified accounts, the daily transfer limit might be capped at around ₦20,000. If you exceed the maximum limit in an OPay account without BVN, you won’t be able to perform any transactions until you link your BVN to the account. The maximum amount that can be held in an OPay account without BVN is N50,000.

It’s also worth noting that OPay is a fintech company, not a bank, but it is powered by BlueRidge Microfinance Bank to provide banking services to its customers. OPay is approved by the Central Bank of Nigeria (CBN) and is regulated by the Nigerian Communications Commission (NCC)​​​​​​​​.

For further information or updates, it’s always a good idea to check OPay’s latest terms and conditions or their official website, as these limits can change due to updates in financial regulations or OPay’s own policy adjustments.

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KYC and Account Verification

1. What is KYC in OPay? KYC (Know Your Customer) is a user verification process OPay uses to classify accounts into different levels with varying transaction limits.
2. How many KYC levels does OPay have? OPay has three KYC levels, each with different transaction limits and requirements.
3. What are the requirements for KYC Level 1? KYC Level 1 requires basic information like your name and phone number.
4. What are the transaction limits for KYC Level 2? KYC Level 2 has a ₦50,000 single transaction limit and a ₦200,000 daily transaction limit.
5. How do I upgrade to KYC Level 3? To upgrade, submit additional identification documents like a proof of address.

Transaction Limits

6. What’s the maximum balance for KYC Level 1? The maximum balance for KYC Level 1 is ₦50,000.
7. Can KYC Level 3 hold an unlimited balance? Yes, KYC Level 3 accounts have an unlimited maximum balance.
8. What are the limits for an OPay Merchant Account? Merchant Accounts have unlimited transaction limits for single, daily, and cumulative transactions.
9. Is there a limit for unverified OPay accounts? Yes, unverified accounts may have a daily transfer limit of about ₦20,000.
10. What happens if I exceed my OPay account limit? You’ll be unable to perform transactions until you upgrade your account or link your BVN.

BVN Linking

11. Why is linking BVN important in OPay? Linking BVN increases your transaction limits and enhances account security.
12. Can I use OPay without linking BVN? Yes, but with a maximum limit of N50,000 on the amount you can hold in the account.
13. How do I link my BVN to OPay? Open the OPay app, go to ‘Profile’, click on ‘BVN Verification’, and follow the instructions.

OPay Services

14. What services does OPay offer? OPay offers mobile payments, agent banking, ride-hailing, food delivery, bill payment, lending, investment, and e-commerce services.
15. Can I invest through OPay? Yes, through its Owealth platform, offering investment in financial instruments like mutual funds and treasury bills.
16. Is there a lending service in OPay? Yes, OPay’s Okash platform provides small loans up to ₦100,000.
17. How can I pay bills through OPay? Use the OPay app to pay for services like electricity, cable TV, and internet.
18. Does OPay offer a debit card? Yes, OPay offers an ATM debit card with benefits like free monthly withdrawals.
19. Is OPay a bank? No, OPay is a fintech company, not a bank, though it partners with banks to provide some services.
20. Is OPay approved by CBN? Yes, it’s approved by the Central Bank of Nigeria and regulated by the Nigerian Communications Commission.