Providus Bank: USSD Code, Transfer Charges, SWIFT Code & Rates
Commercial bank · Providus · 10 Lagos branches · ₦5M NDIC coverage
Highest fixed deposit rates (up to 23.66%). Small but aggressive on savings.
Small commercial bank with the most aggressive fixed deposit rates in Nigeria. The fintech-friendly bank — provides backend banking for several digital platforms.
Providus Bank is a Commercial bank (CBN-licensed, NDIC-insured) founded in 2016 (10 years ago), operated by Providus Bank Ltd. As of 2026 it serves approximately 500K+ customers through 30 branches nationwide.
- Founded
- 2016 · 10 years serving Nigerians
- Parent company
- Providus Bank Ltd
- Customer base
- 500K+
- Branches nationwide
- 30
- Bank type
- Commercial bank (CBN-licensed, NDIC-insured)
- Website
- providusbank.com
- Address
- Plot 54 Adetokunbo Ademola Street, Victoria Island, Lagos, Lagos
If you make 20 transfers, 4 other-bank ATM visits, and 30 SMS alerts per month:
₦1,800 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.
One of Nigeria's newer commercial banks (2016) built with digital-first infrastructure — no legacy core banking to migrate.
Providus targets HNW and premium retail clients rather than mass market. Lower branch count reflects this positioning.
Corporate banking platform for mid-cap Nigerian companies with priority on treasury and forex services.
Providus has consistently ranked among the fastest Nigerian banks on interbank transfer settlement — a differentiator for business customers.