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BANKING · QUARTERLYas of 2026-07-28

ALAT by Wema: USSD Code, Transfer Charges, SWIFT Code & Rates

Digital bank · ALAT · ₦5M NDIC coverage

AT A GLANCE
SWIFT
WEMANGLA
USSD
*945#
Savings rate
3–6%
Fixed deposit
14–20%
WHY THIS BANK

Nigeria's first digital bank (2017). Backed by Wema — full ₦5M NDIC coverage.

Launched 2017 as Nigeria's first fully digital bank, backed by Wema Bank. Zero fees, instant account opening, full ₦5M NDIC insurance.

ABOUT ALAT by Wema
Bank profile · verified

ALAT by Wema is a Digital bank (CBN-licensed, NDIC-insured) founded in 2017 (9 years ago), operated by Wema Bank. As of 2026 it serves approximately 2M+ customers.

Founded
2017 · 9 years serving Nigerians
Parent company
Wema Bank
Customer base
2M+
Bank type
Digital bank (CBN-licensed, NDIC-insured)
Website
alat.ng
HEAD OFFICE
ALAT by Wema headquarters
Address
Wema Towers, 54 Marina, Lagos Island, Lagos, Lagos
View on OpenStreetMap →Get directions →
CHARGES
CBN-regulated · effective May 2026
Transfer <₦5,000
FREE
Transfer ₦5,000–₦50,000
₦10
Transfer >₦50,000
₦50
SMS alert
FREE
Email alert
FREE
ATM card issuance
₦1,500
ATM card maintenance· scrapped May 2026
FREE
Virtual card
FREE
Current acct maintenance· ₦0 from 2027
₦0.5/₦1,000
Hardware token
₦2,500
Min opening balance
₦0
NDIC coverage
₦5M NDIC coverage
TRUE ANNUAL COST
at typical usage

If you make 20 transfers, 4 other-bank ATM visits, and 30 SMS alerts per month:

ALAT₦2,400/year

This is the cheapest of the tracked banks at this usage pattern.

Compare with all 23 banks →
HOW TO OPEN AN ACCOUNT

Time to open: 3 minutes · Online via app

UNIQUE FEATURES
First fully digital Nigerian bank

ALAT launched 2017 as Nigeria's first pure-digital bank. Backed by Wema Bank (parent).

Goal-based savings

Set specific savings goals (rent, laptop, car). ALAT auto-locks funds until goal is met.

Instant virtual dollar card

Virtual USD card issued in-app for international online payments and subscriptions.

Wema Bank parent

Full NDIC-insured deposits under Wema Bank licence. Access to Wema branch network for cash operations.

APP RATINGS & CONTACT
iOS rating
4.1 / 5
Android rating
3.9 / 5
Lagos branches
0
Lagos ATMs
0
alat.ng →
FREQUENTLY ASKED QUESTIONS
Answers about ALAT by Wema
What is ALAT by Wema's USSD code?
ALAT by Wema's USSD banking code is *945#. Dial it from any phone linked to your account to transfer money, check your balance, buy airtime, or pay bills — no data or app needed.
What is ALAT by Wema's SWIFT / BIC code?
ALAT by Wema's SWIFT/BIC code is WEMANGLA. Use this code when receiving international wire transfers into your ALAT by Wema account.
What are ALAT by Wema's transfer charges?
bankingDetail.faqTransferA
What is ALAT by Wema's savings account interest rate?
ALAT by Wema pays 3%–6% per year on savings account balances (as of 2026). Actual rate depends on balance tier and account type.
What is ALAT by Wema's fixed deposit rate?
ALAT by Wema offers 14%–20% on fixed deposits, depending on tenor (30, 60, 90, 180 or 365 days). Higher amounts and longer tenors earn the better rates.
Where is ALAT by Wema's head office located?
ALAT by Wema's headquarters is at Wema Towers, 54 Marina, Lagos Island, Lagos, Lagos, Nigeria.
Is ALAT by Wema NDIC-insured?
Yes. Deposits at ALAT by Wema are insured by the Nigeria Deposit Insurance Corporation (NDIC) up to ₦5,000,000 per depositor per bank.
How can I contact ALAT by Wema customer service?
Website: alat.ng. Phone: —. Head office visits: Lagos Island, Lagos.
COMPARE WITH OTHERS
FeatureALATKudaProvidus
SMS feeFREEFREE₦5
Transfer ₦5K-₦50K₦10₦10₦10
Savings rate6%12%6%
NDIC₦5M₦2M₦5M
App rating (iOS)4.1/54.5/53.8/5
Yearly cost₦2,400₦2,400₦4,200
RELATED
SWIFT CODE
WEMANGLA

For international transfers — see which remittance platform delivers the most naira.

SAVINGS vs STOCKS
6% vs NGX +55% YTD

Where does your ₦1M grow faster — savings or NGX stocks?

IN RICE BAGS
₦2,400 = 0.0 bags of rice

Annual banking charges in Lagos market terms.

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