Cards
Debit Card Onboarding
| Currency | Cost | + Gateway |
|---|
| NGN | ₦50 | 1.4% + ₦50 stamp duty + service charge |
| USD | $1 | 0.7% |
Always charged via card — gateway fees apply on top.
Card Issuance
| Card | Cost |
|---|
| Virtual NGN (Verve) | ₦553.75 |
| Physical NGN (Verve) | ₦10,687.50 |
| Virtual USD (Mastercard / Visa) | $4.80 |
Virtual USD is $1.80 issuance + $3.00 prefund deposit.
Card Funding
2.3%
USD only · Mastercard / Visa
Card Transactions (Purchases)
| Band | NGN | USD |
|---|
| Low | ≤ ₦10,000 → 3% | ≤ $500 → 1.5% |
| Mid | ₦10,001–₦50,000 → 2% | $501–$2,000 → 1% |
| High | > ₦50,000 → 1.5% | > $2,000 → 0.75% |
| Min | ₦25 | $0.10 |
| Per-authorization | ₦5 | — |
| Decline | — | $0.45 flat |
The rate is tiered by transaction amount — larger transactions pay a lower rate.
Card Withdrawal
| NGN | USD |
|---|
| Cost % | 0.05% | 1.2% |
| Flat | ₦35 | — |
| Min | ₦15 | — |
| Max | ₦200 | $10 |
Card-to-Card Transfer
0.2%
USD only · Min $0.10
Card Maintenance — Monthly
| Card | NGN | USD |
|---|
| Virtual Verve | ₦400 | — |
| Physical Verve | ₦400 | — |
| Virtual Mastercard / Visa | — | $0.80 |
Here's a nice perk: Your monthly maintenance fee can pay for itself. Hit the monthly threshold—fee is waived. Fall short? The balance rolls into next month's threshold. More transactions, zero fees.
BVN Verification
₦95
One-time verification
FX Accounts
FX Account Issuance
| Account | Cost |
|---|
| Individual (USD) | $3.55 |
| Company (any currency) | $2.50 equiv. in account currency |
Inward Collection
| Account type | Cost |
|---|
| Individual (USD) | ~1.75% (min $3) |
| Company (any currency) | ~1.5% (min $1) |
FX Account Funding
| Amount | Cost |
|---|
| ≤ $100 | $1 flat |
| > $100 | 2% |
Same rates for individual and company accounts.
FX Account Transfer Out
| Amount | Rate |
|---|
| ≤ $100 | 2.5% |
| $101–$500 | 2% |
| > $500 | 1.5% |
Min charge $1 (in account currency).
FX Account Withdrawal
1.25%
Min $1
FX Account Maintenance — Monthly
| Account | Cost |
|---|
| Individual (USD) | $3.00 |
| Company (any currency) | $2.00 billed in USD |
Here's a nice perk: Your monthly maintenance fee can pay for itself. Hit the monthly threshold—fee is waived. Fall short? The balance rolls into next month's threshold. More transactions, zero fees.
Payments
Payment Links
| Customer | Low | Mid | High | Max |
|---|
| Individual (NGN) | 2.5% | 2% | 1% | ₦2,000 |
| Individual (USD) | 2.5% | 2% | 1.5% | $1,000 |
| Company (NGN) | 0.5% | 0.3% | 0.2% | ₦150 |
| Company (USD) | 2.5% | 1.5% | 0.75% | $10,000 |
NGNLow ≤ ₦50,000Mid ₦50,001–₦500,000High > ₦500,000
USDLow ≤ $200Mid $201–$1,000High > $1,000
Payment limits — Min ₦100 / $10 · Max (USD) $500.
Payout Links
| Customer | Platform fee | Max |
|---|
| Individual (NGN) | No charge | — |
| Individual (USD) | 1.5% | $1,000 |
| Company (NGN) | No charge | — |
| Company (USD) | 0.75% | $10,000 |
NGN payouts have no platform charge. Gateway fees apply on top for USD.
Wallet
Wallet Funding (Incoming Transfer)
| Amount | Cost |
|---|
| ≤ ₦1,000 | ₦5 flat |
| ₦1,000 – ₦10,000 | 0.5% |
| > ₦10,000 | ₦50 flat |
| Cap | ₦1,000,000 |
Wallet Withdrawal (to bank)
"At cap" applies at ≥ ₦1,000,000 and is inclusive of stamp duty.
Savings
Savings Withdrawal
| Type | Cost |
|---|
| Normal | Wallet withdrawal charges apply |
| Urgent | 10% of amount withdrawn + wallet withdrawal charges |
Max withdrawable per transaction: 50% of balance.
Value Added Services (Bills)
Cashback
| Service | Cashback |
|---|
| Airtime & Data | 1.5% |
| Cable TV | 0.75% |
| Electricity — AEDC Prepaid | 0.65% |
| Electricity — AEDC Postpaid | 0.5% |
| Electricity — EEDC / JEDC / KAEDC | 0.55% |
| Electricity — EKEDC / IBEDC / IKEDC | 0.4% |
| Electricity — KEDCO / PHEDC | 0.5% |
Cashback is earned when you pay via card and is credited to your NGN wallet.
Company
Transaction Commission
| Rebate to companies | 20% of monthly card transaction profit |
| Applies to | Purchase + Payment transactions on company-issued cards |
| Frequency | 1st of every month, for the previous month |