FairMoney: USSD Code, Transfer Charges, SWIFT Code & Rates
Digital bank · FairMoney · ₦2M NDIC coverage
High savings rate (15%) + instant loans. French-Nigerian fintech.
French-Nigerian fintech. Savings rate up to 15%. Instant loans based on phone data. Licensed MFB. NDIC ₦2M.
FairMoney is a Digital bank (CBN-licensed, NDIC-insured) founded in 2017 (9 years ago), operated by FairMoney Nigeria. As of 2026 it serves approximately 6M+ customers.
- Founded
- 2017 · 9 years serving Nigerians
- Parent company
- FairMoney Nigeria
- Customer base
- 6M+
- Bank type
- Digital bank (CBN-licensed, NDIC-insured)
- Website
- fairmoney.io
- Address
- 4 Simbiat Abiola Way, Ikeja, Lagos, Lagos
If you make 20 transfers, 4 other-bank ATM visits, and 30 SMS alerts per month:
This is the cheapest of the tracked banks at this usage pattern.
Compare with all 23 banks →Time to open: 3 minutes · Online via app
- BVNBank Verification Number. Get one at any bank branch if you don't have one.
- Nigerian phone numberFor OTP verification during signup.
- Live selfieFacial verification — matched against BVN photo.
FairMoney originated as an instant-loan provider. Loans from ₦2K to ₦3M approved in 10 minutes based on phone data.
FairMoney operates under a Microfinance Bank licence — full deposit-taking authority with NDIC insurance up to ₦200K.
Bundled bill payment for major Nigerian utilities and mobile networks with periodic cashback offers.
FairSave — locked savings with 12-18% p.a. interest depending on lock duration.