Gomoney – Everything you need to know
Gomoney is a digital bank that offers a variety of financial services to Nigerians. It was founded in 2018 by Mauricio Pires and is headquartered in Lagos, Nigeria. Gomoney is a mobile-only bank, which means that you can only access its services through its mobile app.
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- Peer-to-peer (P2P) payments: Gomoney users can send and receive money instantly to and from other Gomoney users, with no fees.
- Banking services: Gomoney customers can open a savings account, checking account, or investment account. They can also access loans and other financial products.
- Bill payments: Gomoney users can pay their bills for utilities, cable, internet, and more.
- Investments: Gomoney customers can invest in stocks, bonds, and mutual funds through the Gomoney app.
- Insurance: Gomoney customers can buy insurance products, such as life insurance, health insurance, and car insurance.
- Travel money: Gomoney customers can buy travel money and send it to friends and family overseas.
- Airtime and data: Gomoney customers can buy airtime and data for their mobile phones.
- Shopping: Gomoney customers can shop online and pay with their Gomoney account.
Gomoney also offers a number of features that make it a convenient and user-friendly banking app, such as:
- A user-friendly interface: The Gomoney app is easy to use and navigate.
- Instant notifications: Gomoney users receive instant notifications about their transactions.
- 24/7 customer support: Gomoney customers can get help 24/7 from the Gomoney customer support team.
- Security features: Gomoney uses state-of-the-art security features to protect customer data.
How can I create an account with Gomoney?
- Download the Gomoney app from the Google Play Store or the Apple App Store.
- Open the app and click on “Create an Account”.
- Enter your mobile number and click on “Send OTP”.
- Enter the OTP that was sent to your mobile number and click on “Verify”.
- Create a password for your account and click on “Create Account”.
- You will be asked to provide some personal information, such as your name, date of birth, and address.
- Once you have provided all of the required information, click on “Submit”.
- Your Gomoney account will be created and you will be able to start using it immediately.
Here are some additional things to keep in mind when creating a Gomoney account:
- You must be at least 18 years old to create an account.
- You must have a valid Nigerian phone number.
- You must provide your BVN to verify your account.
- You can upgrade your account to a full account by providing a valid government-issued photo ID and a selfie.
What documents do I need to create an account with Gomoney?
- Your name and phone number
- A valid email address
- A government-issued photo ID such as an international passport, driver’s license, or NIMC card
- A selfie
- A signature
You can start with a tier 1 account, which does not require you to provide any KYC documents. However, you will have limited funding and transaction limits. To upgrade to a tier 2 or tier 3 account, you will need to provide the above documents.
Here is a table of the documents required for each tier of Gomoney account:
| Tier | Documents Required |
|---|---|
| Tier 1 | Name, phone number, email address |
| Tier 2 | Name, phone number, email address, BVN |
| Tier 3 | Name, phone number, email address, BVN, government-issued photo ID, selfie, signature |
Once you have submitted the required documents, Gomoney will verify your identity and activate your account. You will then be able to start using your Gomoney account to send and receive money, make payments, and more.
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Here are some additional information about Gomoney accounts:
- The daily funding limit for a tier 1 account is NGN 20,000.
- The daily transaction limit for a tier 1 account is NGN 30,000.
- The daily funding limit for a tier 2 account is NGN 100,000.
- The daily transaction limit for a tier 2 account is NGN 150,000.
- The daily funding limit for a tier 3 account is NGN 500,000.
- The daily transaction limit for a tier 3 account is NGN 750,000.
How can I upgrade my Gomoney account?
- Open the Gomoney app and tap on your profile icon.
- Scroll down and tap on “Upgrade to a full account”.
- Enter your BVN and tap on “Verify”.
- Take a selfie and upload a photo of your valid government-issued photo ID, such as an international passport, driver’s license, or NIMC card.
- Input a photo of your signature.
- Tap on “Submit”.
Gomoney will review your documents and upgrade your account within 48 hours. Once your account is upgraded, you will have higher transaction limits and be able to access more features, such as:
- The ability to send and receive money to and from other Gomoney users.
- The ability to make payments to merchants and bills.
- The ability to withdraw cash from ATMs.
- The ability to invest in stocks and bonds.
Here are the steps in more detail:
- Open the Gomoney app and tap on your profile icon. It’s the circular icon with your initials or profile picture at the top of the home page.
- Scroll down and tap on “Upgrade to a full account”.
- Enter your BVN and tap on “Verify”. You can find your BVN on your bank statement or by logging into your bank’s online banking portal.
- Take a selfie and upload a photo of your valid government-issued photo ID. Make sure the photo is clear and well-lit.
- Input a photo of your signature. You can sign your name on a piece of paper and take a photo of it, or you can type your signature into the app.
- Tap on “Submit”. Gomoney will review your documents and upgrade your account within 48 hours.
If you have any questions about upgrading your Gomoney account, you can contact customer support through the app or by email.
What is the limit on my account with Gomoney?
- Tier 0: This is the default tier when you open a Gomoney account. Your daily transaction limit is NGN 10,000, your daily bill payment limit is NGN 1,000, and your funding limit is NGN 20,000.
- Tier 1: To upgrade to Tier 1, you need to link your BVN to your Gomoney account. Your daily transaction limit increases to NGN 30,000, your daily bill payment limit increases to NGN 5,000, and your funding limit remains at NGN 20,000.
- Tier 2: To upgrade to Tier 2, you need to provide additional identification documents to Gomoney. Your daily transaction limit increases to NGN 200,000, your daily bill payment limit increases to NGN 50,000, and your funding limit remains at NGN 20,000.
You can check your current account tier in the Gomoney app. To do this, open the app and go to the “Profile” tab. Under “Account Information”, you will see your account tier.
How can I download the Gomoney app?
On Android:
- Open the Google Play Store app.
- Search for “gomoney”.
- Tap on the “Install” button.
- Once the app is installed, open it and follow the on-screen instructions to create an account.
On iOS:
- Open the App Store app.
- Search for “gomoney”.
- Tap on the “Get” button.
- Once the app is downloaded, open it and follow the on-screen instructions to create an account.
Please note that Gomoney is currently only available in Nigeria. If you are not in Nigeria, you will not be able to download the app.
Here are some of the benefits of using the Gomoney app:
- You can open an account in minutes, even if you don’t have a bank account.
- You can send and receive money instantly.
- You can pay bills and buy airtime.
- You can save money with goStash.
- You can get a virtual card for online shopping.
- You can track your spending.
- You can get customer support 24/7.
In Conclusion:
Gomoney offers a wide range of benefits for its users, making it a convenient and efficient app for managing your finances. Whether you need to open an account quickly, send money to friends and family, pay bills, or even save money, Gomoney has you covered. With features like goStash for saving, a virtual card for online shopping, and 24/7 customer support, Gomoney ensures that your financial needs are met with ease.
