The following outlines the limits and fees associated with Naira (NGN) bank transactions.
Deposit Fees (Naira): A 1.4% fee is deducted from the total deposit amount, with a maximum fee of 2,000 NGN. For example, a 20,000 NGN deposit will result in a net deposit of 19,720 NGN after fees.
Withdrawal Fees (Naira): A flat fee of 200 NGN is charged per withdrawal. (Withdrawal functionality will be available soon.)
Transaction Limits:
- Minimum Deposit: 1,000 NGN. & Maximum Deposit: 10,000,000 NGN
- Minimum Withdrawal: 1,000 NGN & Maximum Withdrawal: 20,000,000 NGN
Processing Time: Wire deposits are typically instant, but may take a few minutes to reflect in your account.