Here's Why Kuda Restricted Your Account
Suspicious activity refers to any transaction or account behavior that deviates significantly from your usual transaction patterns. Financial institutions monitor account activities to detect any anomalies that could indicate fraudulent activity. Imagine your Kuda account is like your spending habits fingerprint. Transactions that fall outside this usual pattern could be flagged. For example, if you typically use your Kuda for small purchases like airtime or cab rides, then suddenly transfer a large sum and send it all out right away, that would be a major deviation and trigger a security check. Example: An Unusually Large Transaction Consider a scenario where your account activity typically involves saving money and making occasional small purchases, such as buying airtime or paying for a cab ride. If you suddenly deposit a million naira into your account and then transfer the entire amount out within five minutes, this would be highly irregular compared to your usual activity. Such a tr…
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