Ecobank Nigeria: USSD Code, Transfer Charges, SWIFT Code & Rates
Commercial bank · Ecobank · 40 Lagos branches · ₦5M NDIC coverage
Pan-African leader — 33 countries. Best for cross-border African banking.
Present in 33 African countries — the widest African footprint. Led the industry with ₦237.8B in total fee income in Q1 2026.
Ecobank Nigeria is a Commercial bank (CBN-licensed, NDIC-insured) founded in 1989 (37 years ago), operated by Ecobank Transnational Incorporated (ETI). As of 2026 it serves approximately 8M+ customers through 190 branches nationwide.
- Founded
- 1989 · 37 years serving Nigerians
- Parent company
- Ecobank Transnational Incorporated (ETI)
- Customer base
- 8M+
- Branches nationwide
- 190
- Bank type
- Commercial bank (CBN-licensed, NDIC-insured)
- Website
- ecobank.com
- Address
- 21 Ahmadu Bello Way, Victoria Island, Lagos, Lagos
If you make 20 transfers, 4 other-bank ATM visits, and 30 SMS alerts per month:
₦2,160 more than Kuda (₦2,400/yr). That's 0 bags of rice.
Compare with all 23 banks →Time to open: 15 minutes · Online via app
- Bank Verification Number (BVN)Mandatory for all Nigerian bank accounts. Get one at any bank branch for free.
- Valid IDNational ID (NIN), International Passport, Voter's Card, or Driver's Licence.
- Passport photographRecent passport-sized photo. The mobile app may accept a live selfie instead.
- Utility billAddress verification. Electricity bill, water bill, or tenancy agreement (last 3 months).
- Minimum opening balance₦0 for savings accounts. ₦5,000-₦10,000 for current accounts.
Ecobank Transnational Incorporated (parent) operates in 33 African countries — the widest continental reach of any bank in Nigeria.
Cross-border transfers to any Ecobank in Africa are near-instant at flat low fees — useful for regional business.
Simplified savings account with reduced KYC requirements and mobile-first onboarding.
Ecobank's consolidated retail app covering all Ecobank countries — one login for Nigeria, Ghana, Kenya, Côte d'Ivoire, etc.