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)
| NGN | USD |
|---|
| Cost % | 3% | 1.2% |
| Min | ₦25 | $0.10 |
| Max | ₦300 | $15 |
| Amount cap | ₦25,000 | $1,000 |
| Per-authorization | ₦5 | — |
| Decline | — | $0.45 flat |
Fees scale up once the transaction exceeds the amount cap.
Card ATM 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 |
Card Maintenance — Quarterly
| Card | NGN | USD |
|---|
| Virtual / Physical Verve | ₦200 | — |
| Virtual Mastercard / Visa | — | $0.40 |
BVN Verification
₦95
One-time verification
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.
FX Accounts
FX Account Issuance
| Account | Cost |
|---|
| Individual (USD) | $3.55 |
| Company (any currency) | $2.50 equiv. in account currency |
FX Account Maintenance — Monthly
| Account | Cost |
|---|
| Individual (USD) | $4.00 |
| Company (any currency) | $2.00 billed in USD |
Inward Collection
| Account | Cost |
|---|
| Individual (USD) | 4% · min $2 |
| Company (any currency) | 3.75% · min $1 |
FX Account Funding
| Account | Cost |
|---|
| Individual | 3.5% · min $1 |
| Company | 2% · min $1 |
FX Account Transfer Out
5%
Min $1 (in account currency)
FX Account Withdrawal
1.25%
Min $1
Payments
Payment Links
| Customer | Cost | Max |
|---|
| Individual (NGN) | 3% | ₦2,000 |
| Individual (USD) | 5% + 5.9% gateway + $0.30 (min $3) | $1,000 cap |
| Company (NGN) | 0.5% | ₦150 |
| Company (USD) | 2.5% + 5.9% gateway + $0.30 (min $3) | $10,000 cap |
Payment limits — Min: ₦100 / $10 · Max (USD): $500.
Payout Links
| Customer | Cost |
|---|
| Individual (NGN) | No charge |
| Individual (USD) | 5% (max $1,000) + 3% gateway (min $3) |
| Company (NGN) | No charge |
| Company (USD) | 2.5% (max $10,000) + 3% gateway (min $3) |
Charges are deducted from the payout amount. NGN payouts have no charge.
Savings
Savings Withdrawal
| Type | Cost |
|---|
| Normal | Wallet withdrawal charges apply |
| Urgent | 5% of full balance + wallet withdrawal charges |
Max withdrawable per transaction: 30% 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 paid via wallet. No cashback when paying via card.
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 |