Spending Limits on Spenda; Why Verification Matters

At Spenda, we believe you should have full control over your money; how you use it, where you send it, and how much you can spend.

But to keep things secure and compliant, we apply different transaction limits depending on whether your account is verified or unverified.

Here’s everything you need to know about how much you can do with your Spenda account, and how to unlock even more freedom.

Unverified User? Here’s What You Can Do

Even without full verification, you can still use Spenda for everyday transactions. But there are limits to how much you can move per day.

Transfers

• Spenda to Spenda: ₦50,000 max per transaction
• Spenda to Bank: ₦50,000 max per transaction
• Daily Limit: ₦50,000 total across transfers

Bill Payments

• Airtime: ₦50,000 per transaction & per day
• Electricity, Cable TV, etc.: ₦500,000 daily max

Perfect for light users, but if you're running a business, handling frequent bills, or funding virtual cards often, you’ll want higher limits.

Verified User? Welcome to Financial Freedom

Once you verify your Spenda account, the doors swing wide open; higher transaction ceilings, smoother business payments, and fewer interruptions.

Transfers

• Spenda to Spenda: Up to ₦10,000,000 daily
• Spenda to Bank: ₦10,000,000 daily (₦2,000,000 max per transfer)

Bill Payments

• Airtime: Up to ₦200,000 per day (₦50,000 per transaction)
• Other Bills: Up to ₦1,000,000 per day

How to Increase Your Limits

Verifying your Spenda account takes just a few minutes and unlocks a whole new level of functionality.

Here’s how:

1. Open your Spenda app and go to your Profile
2. Tap “Verify Account”
3. Submit your BVN and a clear selfie
4. Once approved, your spending limits are automatically increased

Need Help Verifying?

We’ve got your back. Our friendly support team is available 24/7 via live chat in the app if you run into any hiccups during the process.

Spenda gives you the tools to move, spend, and pay your way. But verifying your account is the key to unlocking its full potential.

Whether you’re just getting started or looking to scale your usage, your limits should match your lifestyle.