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BANKING · QUARTERLYas of 2026-07-28

Carbon: USSD Code, Transfer Charges, SWIFT Code & Rates

Digital bank · Carbon · ₦2M NDIC coverage

AT A GLANCE
SWIFT
USSD
Savings rate
6–10%
Fixed deposit
WHY THIS BANK

Best for quick loan. Carbon Invest dey too.

Before na PayLater. Quick loan reach ₦1M. NDIC ₦2M.

ABOUT Carbon
Bank profile · we don verify am

Carbon na Digital bank (CBN license, NDIC dey insure am) wey dem start for 2016 (10 years ago), and na Carbon Nigeria dey operate am. For 2026 e dey serve about 2M+ customers.

Dem start am
2016 · 10 years dey serve Nigerians
Owner company
Carbon Nigeria
Customer base
2M+
Bank type
Digital bank (CBN license, NDIC dey insure am)
Website
carbon.ng
HEAD OFFICE
Carbon headquarters
Address
Plot 1 Ojomu Anifowoshe Estate, Ikeja, Lagos, Lagos
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
₦2M 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:

Carbon2,400/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
Credit history-first

Carbon start as lender and evolve into bank. Im scoring model dey use transaction history, credit repayment, and behavioural data.

CBN Payment Service Bank

Carbon dey operate under CBN Payment Service Bank licence with deposit-taking and payment authority.

Bill payments and airtime

Carbon dey integrate all common Nigerian bill payment (DSTV, GOtv, PHCN, LAWMA) with cashback offer.

Buy now, pay later

Carbon Pay dey allow online purchase split across 4 monthly instalment for select merchant.

APP RATINGS & CONTACT
iOS rating
4 / 5
Android rating
3.8 / 5
Lagos branches
0
Lagos ATMs
0
QUESTIONS PEOPLE DEY ASK PASS
Answer about Carbon
Wetin be Carbon transfer charges?
bankingDetail.faqTransferA
Wetin be Carbon savings account interest rate?
Carbon dey pay 6%–10% per year on savings account balance (as of 2026). Real rate depend on balance tier and account type.
Where Carbon head office dey?
Carbon headquarters dey at Plot 1 Ojomu Anifowoshe Estate, Ikeja, Lagos, Lagos, Nigeria.
NDIC dey insure Carbon?
Yes. Deposit for Carbon dey insured by Nigeria Deposit Insurance Corporation (NDIC) up to ₦2,000,000 per depositor per bank.
How I fit contact Carbon customer service?
Website: carbon.ng. Phone: —. Head office visit: Ikeja, Lagos.
COMPARE WITH OTHERS
FeatureCarbonKudaProvidus
SMS feeFREEFREE₦5
Transfer ₦5K-₦50K₦10₦10₦10
Savings rate10%12%6%
NDIC₦2M₦2M₦5M
App rating4/54.5/53.8/5
Yearly cost₦2,400₦2,400₦4,200
RELATED
SAVINGS vs STOCKS
10% 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