How business verification works

Verification lifts your limits and unlocks the full platform. There are two main tiers.

Tier 1 (Starter)

Verify yourself as the owner with your BVN and NIN. This is automated and usually completes in minutes. It unlocks single transfers up to ₦100,000, a daily limit of ₦200,000 and an unlimited wallet balance. Sole traders and freelancers can run a full account at this tier.

Tier 2 (Verified)

Add your business documents (CAC, TIN, Memorandum of Association and proof of address) on top of Tier 1. Our team reviews these, usually within one working day. Tier 2 unlocks single transfers up to ₦2,000,000, a daily limit of ₦10,000,000 and an unlimited wallet balance, plus your business name on receipts.

Tip: You can keep using the app at Tier 1 limits while we review your Tier 2 documents.

Why we verify

Boldswitch is CBN-regulated and funds are held by licensed partner banks. Verifying your identity keeps your account compliant and protects you against fraud.

What's next

• See the figures: Verification tiers and limits.
• Start with owner identity: Complete owner KYC.