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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

First digital bank for Nigeria. Wema back am — full ₦5M NDIC coverage.

Dem launch am 2017. Wema back am. Full ₦5M NDIC.

ABOUT ALAT by Wema
Bank profile · we don verify am

ALAT by Wema na Digital bank (CBN license, NDIC dey insure am) wey dem start for 2017 (9 years ago), and na Wema Bank dey operate am. For 2026 e dey serve about 2M+ customers.

Dem start am
2017 · 9 years dey serve Nigerians
Owner company
Wema Bank
Customer base
2M+
Bank type
Digital bank (CBN license, NDIC dey insure am)
Website
alat.ng
HEAD OFFICE
ALAT by Wema headquarters
Address
Wema Towers, 54 Marina, Lagos Island, Lagos, Lagos
See am for OpenStreetMap →Get direction →
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 YEARLY COST
at typical use

If you dey do 20 transfer, 4 other-bank ATM visit, and 30 SMS alert every month:

ALAT₦2,400/year

This na the cheapest for the tracked banks at this usage pattern.

Compare with all 23 bank →
HOW TO OPEN ACCOUNT

Time to open: 3 minute · Online through app

UNIQUE FEATURES
First fully digital Nigerian bank

ALAT launch 2017 as Nigeria first pure-digital bank. Wema Bank (parent) dey back am.

Goal-based savings

Set specific savings goal (rent, laptop, car). ALAT dey auto-lock money till you meet the goal.

Instant virtual dollar card

Virtual USD card wey dem dey issue for app — for international online payment and subscription.

Wema Bank parent

Full NDIC-insured deposit under Wema Bank licence. You get access to Wema branch network for cash operation.

APP RATINGS & CONTACT
iOS rating
4.1 / 5
Android rating
3.9 / 5
Lagos branches
0
Lagos ATMs
0
alat.ng →
QUESTIONS PEOPLE DEY ASK PASS
Answer about ALAT by Wema
Wetin be ALAT by Wema USSD code?
ALAT by Wema USSD banking code na *945#. Dial am from any phone wey link with your account to transfer money, check balance, buy airtime, or pay bills — no data or app need.
Wetin be ALAT by Wema SWIFT / BIC code?
ALAT by Wema SWIFT/BIC code na WEMANGLA. Use am when you dey collect international wire transfer to your ALAT by Wema account.
Wetin be ALAT by Wema transfer charges?
bankingDetail.faqTransferA
Wetin be ALAT by Wema savings account interest rate?
ALAT by Wema dey pay 3%–6% per year on savings account balance (as of 2026). Real rate depend on balance tier and account type.
Wetin be ALAT by Wema fixed deposit rate?
ALAT by Wema dey offer 14%–20% on fixed deposit, e depend on tenor (30, 60, 90, 180 or 365 days). Higher amount and longer tenor go earn better rate.
Where ALAT by Wema head office dey?
ALAT by Wema headquarters dey at Wema Towers, 54 Marina, Lagos Island, Lagos, Lagos, Nigeria.
NDIC dey insure ALAT by Wema?
Yes. Deposit for ALAT by Wema dey insured by Nigeria Deposit Insurance Corporation (NDIC) up to ₦5,000,000 per depositor per bank.
How I fit contact ALAT by Wema customer service?
Website: alat.ng. Phone: —. Head office visit: 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 rating4.1/54.5/53.8/5
Yearly cost₦2,400₦2,400₦4,200
RELATED
SWIFT CODE
WEMANGLA

For international transfer — see which remittance platform dey give the most naira.

SAVINGS vs STOCKS
6% vs NGX +55% YTD

Where ₦1M dey grow faster — savings or NGX stock?

IN RICE BAGS
₦2,400 = 0.0 bags rice

Yearly banking charge for Lagos market term.

← Back to all 23 bank wey we compare