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Fees & Charges
We strive to maintain a fair and transparent fee structure to support the services we offer. Here is a detailed breakdown:
1. Government Levy
The government of Nigeria imposes a 50 Naira levy for electronic transfers:
- Deposits: For deposits of 10,000 Naira or more, an additional 50 Naira will be charged at the point of deposit.
- Withdrawals: For withdrawals of 10,000 Naira or more, 50 Naira will be deducted from the withdrawal amount.
2. Service Charges
Our platform applies a small service charge to help maintain and improve our services:
- For Withdrawals Below 10,000 Naira: A flat fee of 200 Naira is applied.
- For Withdrawals of 10,000 Naira or More: A service charge of 2% of the total savings is applied.
3. Why We Charge Fees
The fees help us cover operational costs and ensure the platform remains sustainable. These include:
- Secure Transactions: Ensuring your deposits and withdrawals are processed safely and promptly.
- System Maintenance: Keeping the platform running smoothly with regular updates and improvements.
- Customer Support: Providing dedicated support for all user inquiries and issues.