KUDA BANK* Charge (What It Is + Is It Legit?)

When Kuda Bank processes transactions through card networks and third-party payment infrastructure in Nigeria, the billing system truncates the merchant identifier to fit within the standardized character limits imposed by international card processors like Visa and Mastercard. The asterisk in "KUDA BANK*" is a formatting convention used by these payment networks to separate the merchant name from a transaction reference code or sub-merchant identifier that may follow it, which is common practice for digital banking platforms operating across Nigeria's fintech ecosystem. If you see this descriptor on your statement, it almost certainly reflects a legitimate transaction tied to your Kuda Bank account, such as a transfer fee, card payment, or service charge processed through their platform.

No, this is a legitimate charge from Kuda Bank. However, if you did not authorize this charge or cancelled your subscription, you may be eligible for a refund.

Frequently Asked Questions