Keystone Bank: USSD Code, Transfer Charges, SWIFT Code & Rates
Commercial bank · Keystone · 25 Lagos branches · ₦5M NDIC coverage
Budget banking. Focused on retail and SME. Low charges.
Smaller commercial bank. 200+ branches. Focus on retail, SME, and consumer banking.
Keystone Bank is a Commercial bank (CBN-licensed, NDIC-insured) founded in 2011 (15 years ago), operated by Private consortium (2023). As of 2026 it serves approximately 3M+ customers through 150 branches nationwide.
- Founded
- 2011 · 15 years serving Nigerians
- Parent company
- Private consortium (2023)
- Customer base
- 3M+
- Branches nationwide
- 150
- Bank type
- Commercial bank (CBN-licensed, NDIC-insured)
- Website
- keystonebankng.com
- Address
- Keystone Bank Crescent, off Adeola Odeku Street, Victoria Island, Lagos, Lagos
If you make 20 transfers, 4 other-bank ATM visits, and 30 SMS alerts per month:
₦1,440 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.
Keystone emerged from CBN's 2011 resolution of Bank PHB. Recently sold by AMCON to a private consortium in 2023.
AMCON exited Keystone in 2023, selling to a private consortium. Product changes and rebranding ongoing.
Keystone has stayed in traditional retail banking — no major digital-first push. Fee structure reflects legacy operations.
Keystone participates in the CBN's agricultural lending programme, especially for rice and maize farmers.