How to Upgrade your Opay Account to Send and Receive Huge Money – Financial transactions have become more accessible and efficient than ever before, and Opay, a leading financial institution has revolutionized the way people handle their finances.
Opay mobile banking allows customers to carry out a variety of actions like airtime top-ups, transfer of money, paying utility bills, and the like. However, when it comes to sending and receiving huge amounts of money, it’s essential to ensure your Opay account is upgraded so you can efficiently send and receive any amount of money.
Automatically, as a new customer Opay usually places limits on the amount of daily transactions you can make. So to move past this, you have to upgrade your Opay account by providing some basic information and documents. In this article, we’ll explore the different levels, each of their limits, their requirements, and how you can upgrade to each of the levels. Let’s Go!
Opay Account Levels and How to Upgrade to Each of these Levels
Just like the traditional banks where we have different account levels like student accounts, corporate accounts, etc. Opay has different account levels too. However, in its case, it operates on a tiered level.
Each of these levels has different transaction limits as well as requirements. So you see why you have to learn how to upgrade your Opay account. When you upgrade your Opay account, you will have access to increase your transaction capabilities. Let’s take a look at the different Opay account levels.
Tier 1
With this level, your daily transaction is limited to N50,000 and you cannot have more than N50,000 in your account. This is the level every new customer gets but you can simply remove this limit by upgrading to the next level.
Tier 2
Upgrading to this level, you will need to provide your Bank Verification Number (BVN). This level has a daily transaction limit of N200,000 and a maximum account balance of N300,000. You cannot have more than this amount in your bank account unless you upgrade to the next level (Tier 3)
How to Upgrade to Tier 2
There are some basic requirements that will be needed before you can successfully upgrade to Tier 2. Below are the steps to follow:
- Firstly, log in to your Opay account
- Then, on your dashboard, click on the profile “Icon” at the top left of the page
- Locate and click the “Upgrade to KYC 2” button
- Next, proceed to fill in all of the required information
- Promptly, submit the necessary documents required (BVN) then proceed to Submit your application for review
- Wait for a confirmation notification upon successful verification.
If by any chance you’re unable to successfully upgrade to Tier 2, contact Opay customer support to lodge your complaint.
Tier 3
This is the highest level of the Opay account. Upgrading to this level will allow you to enjoy a daily transaction of N5,000,000 and an unlimited account balance – which means you can have as many funds in your wallet as you want.
How to Upgrade to Tier 3
Upgrading to this level is almost as similar as upgrading to Tier 3. This level however requires additional information and documents such as your BVN, Identity (ID) Card details, selfie, and recent utility bill. as compared to Tier 3.
Step-by-step guide to upgrading your Opay account to Tier 3
- Log in to your Opay account
- Then, on your dashboard, click on the profile “Icon” at the top left of the page
- Locate and click the “Upgrade to KYC” button
- Next, proceed to fill in all of the required information
- Submit your application for review and verification
- Wait for a confirmation notification upon successful verification.
Upgrading Your Opay Account to a Merchant Account
The Opay Merchant account is an account mainly for business owners who has registered their business with Opay. With the Opay merchant account, business owners can accept customers’ payments, get notifications, and basically manage all of their operations smoothly and efficiently.
Just like the other types of Opay accounts you can also upgrade your Opay merchant account. How? Follow the steps below:
- Login to your Opay account.
- Click on your profile image icon located at the top left corner of the page.
- Next, locate and click on the “Upgrade to Merchant” option.
- Fill in all the required information to upgrade your account.
Hurray! You’ve successfully upgraded your Opay Merchant Account
Conclusion
Upgrading your Opay account to send and receive huge amounts of money is a simple and seamless process that prioritizes not only security but also convenience. Once you follow the steps outlined in this article, you will be able to enjoy the full potential of the Opay platform.