How Much Can Palmpay Receive Without BVN: PalmPay has gained a lot of popularity as a payment platform in Nigeria over the past few years, and it’s still on the rise. It serves as a mobile banking wallet with the added perk of earning rewards for various activities within the app.
Actions such as money transfers, buying airtime, depositing on betting platforms, paying electricity bills, settling cable bills, and more can all contribute to these rewards. To get started, you can download the PalmPay app either from the Google Play Store or the iOS app store, and the registration process is straightforward, requiring you to provide the necessary details.
The best part is, that registering on the PalmPay app is absolutely free, allowing you to quickly engage in sending and receiving money. If you’re curious about the limits on how much PalmPay can handle with or without a BVN (Bank Verification Number), you’re in the right place. This article on how much can Palmpay receive without BVN will break down the different choices and rules involved, and also cover any fees tied to receiving payments without a BVN. See loans without BVN
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How to Open a PalmPay Account
Creating a PalmPay account is a simple and hassle-free process that lets you start using this widely-used payment platform swiftly. To get started, here are the best methods:
Method 1: Using an Android device
To use PalmPay on your Android device, follow these simple steps:
- Download PalmPay App: On your Android phone, go to the Play Store and download the PalmPay app.
- Sign Up: After installing the app, sign up. Below the screen, you’ll find four options. Tap on any of them and then hit the sign-up button.
- Add Phone Number: Enter your phone number. You’ll receive a verification text message. Your phone number becomes your account number.
- Provide Personal Information: Fill in your legal first name, optional middle name, last name, birth date, gender, and an invitation code if you have one.
- Create Account: Click the sign-up button. Choose a 4-digit PIN for your account.
- Claim ₦110: After completing the details, you’ll receive ₦110.
By following these steps, you’ve successfully created a PalmPay account on your Android device. To enhance your transaction limit, complete your KYC (Know Your Customer) by adding your BVN, National Identification Number, and any necessary documents to verify your identity.
Method 2: Using an iOS device
To open a PalmPay account on your iOS device, follow these steps:
- Download PalmPay App: Head to the Apple App Store and search for “PalmPay.” Download and install the app on your iOS device.
- Launch the App: After installation, launch the PalmPay app to get started.
- Access the “Me” Section: Look for the “Me” option at the bottom of the screen and tap on it.
- Sign Up: Click on the sign-up button and provide your phone number for verification.
- Enter Personal Information: Enter your legal first name, optional middle name, last name, birth date, and gender to complete the sign-up process.
- Claim ₦110 Bonus: Upon successful sign-up, you’ll receive a bonus of ₦110.
- Complete KYC: Don’t forget to complete your KYC (Know Your Customer) by submitting your BVN, NIN (National Identification Number), and any other necessary documents.
By following these steps, you’ll have successfully opened a PalmPay account on your iOS device.
How Much Can Palmpay Receive Without BVN
How Much Can Palmpay Receive Without BVN: Without linking your BVN (Bank Verification Number) to your PalmPay account, there’s a maximum limit of ₦300,000 that your account can hold. If you exceed this limit, your PalmPay account will be blocked, restricting your access until you link your BVN.
So, if you prefer not to link your BVN to PalmPay, make sure to stay within the ₦300,000 limit. The good news is, even without linking your BVN, you can still enjoy the convenience of using PalmPay within this limit.
How Much Can Palmpay Receive Without BVN And With BVN?
PalmPay operates a three-tier banking system:
- Tier 1
- Tier 2
- Tier 3
| Account Tier | Daily Transaction Limit | Maximum Balance |
| Tier 1 | N50,000 | N300,000 |
| Tier 2 | N200,000 | N500,000 |
| Tier 3 | N5,000,000 | No limit |
The tiered systems categorize users based on their account activity, transaction volume, and verification level. Tier 1 users often have basic access, while higher tiers may involve additional verification steps for increased functionality and transaction limits. See the full explanation of tiers below:
Tier 1:
- Daily Transaction Limit: 50,000 naira
- Maximum Balance: 300,000 naira
The users are automatically placed in Tier 1 upon registering an account with PalmPay. This tiered system is designed to provide varying levels of access and functionality based on user verification and engagement with the platform. If you wish to increase your transaction limits or access additional features, you need to progress to higher tiers such as tier 2 or 3 by fulfilling certain requirements, such as linking their BVN or completing the Know Your Customer (KYC) process.
Tier 2:
- Daily Transaction Limit: 200,000 naira
- Maximum Balance: 500,000 naira
It’s noted that to be placed in Tier 2 and enjoy the increased transaction limits and maximum balance, you need to upgrade your PalmPay account by providing your Bank Verification Number (BVN). This aligns with the common banking practice where providing additional verification details allows users to access higher levels of functionality and increased transaction limits for a more versatile and comprehensive user experience.
Tier 3:
- Daily Transaction Limit: 500,000 naira
- Maximum Balance: Unlimited
To be placed in Tier 3 and enjoy the highest daily transaction limit and an unlimited maximum balance, you need to upgrade your PalmPay account by providing additional documentation. In this case, you are required to submit a valid ID such as a national identity card, voter’s card, or international passport, along with proof of address like a utility bill.
This tiered structure allows PalmPay to offer a range of services and transaction limits, accommodating users with different needs and levels of verification.
How to Check My Palmpay Account Tier
Understanding and accessing your PalmPay account tier is essential for unlocking the full range of features that suit your financial needs. Here are two user-friendly methods to check your PalmPay account tier, ensuring a seamless and informed experience: These steps provide clear instructions on how to check your PalmPay account tier through both the PalmPay app and website. Users can choose the method that suits them best.
| Method | Platform | Steps |
| Method 1 (App) | PalmPay App | 1. Open App 2. Sign In 3. Access Profile 4. Discover Tier |
| Method 2 (Website) | PalmPay Website | 1. Visit Website 2. Sign In 3. Access Profile 4. Reveal Tier |
Method 1: Through the PalmPay App
- Open the PalmPay App: Launch the PalmPay app on your device.
- Sign In: Log in to your PalmPay account using your credentials.
- Access Your Profile: Once logged in, tap on the profile icon located in the top right corner of the screen.
- Discover Your Tier: Your account tier will be prominently displayed under your name, giving you instant visibility into your PalmPay account status.
Method 2: Through the PalmPay Website
- Visit the PalmPay Website: Navigate to the PalmPay website on your preferred web browser.
- Sign In: Log in to your PalmPay account by entering your credentials.
- Access Your Profile: Locate and click on the “Profile” tab situated in the top right corner of the screen.
- Reveal Your Tier: Similar to the app, your account tier will be clearly displayed under your name, providing you with a comprehensive overview of your PalmPay account.
PalmPay Customer Care: If you need to get in touch with PalmPay customer care, you can use the following channels:
- Email: support@palmpay.com
- Phone: 018886888
Conclusion: How Much Can Palmpay Receive Without BVN
Without linking your BVN to your PalmPay account, the maximum limit palmpay can receive is ₦300,000. If you exceed this limit, your PalmPay account will be blocked, restricting your access until you link your BVN.
So, if you prefer not to link your BVN to PalmPay, make sure to stay within the ₦300,000 limit. The good news is, that even without linking your BVN, you can still enjoy the convenience of using PalmPay within this limit.
But It’s worth noting that linking your PalmPay account to your BVN brings several benefits, including enhanced security, seamless integration with your bank account, and access to additional features and rewards. This ensures a more comprehensive and secure experience for users.