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BANKING · QUARTERLYas of 2026-07-28

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

Digital bank · FairMoney · ₦2M NDIC coverage

AT A GLANCE
SWIFT
USSD
Savings rate
8–15%
Fixed deposit
WHY THIS BANK

High savings rate + quick loan. French-Nigerian fintech.

French-Nigerian fintech. Savings rate reach 15%. NDIC ₦2M.

ABOUT FairMoney
Bank profile · we don verify am

FairMoney na Digital bank (CBN license, NDIC dey insure am) wey dem start for 2017 (9 years ago), and na FairMoney Nigeria dey operate am. For 2026 e dey serve about 6M+ customers.

Dem start am
2017 · 9 years dey serve Nigerians
Owner company
FairMoney Nigeria
Customer base
6M+
Bank type
Digital bank (CBN license, NDIC dey insure am)
Website
fairmoney.io
HEAD OFFICE
FairMoney headquarters
Address
4 Simbiat Abiola Way, 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:

FairMoney2,400/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
Instant loans

FairMoney start as instant-loan provider. Loan from ₦2K to ₦3M — dem approve am for 10 minutes based on phone data.

MFB licence

FairMoney dey operate under Microfinance Bank licence — full deposit-taking authority with NDIC insurance reach ₦200K.

Bill payments and airtime

Bundled bill payment for major Nigerian utility and mobile network with periodic cashback offer.

Savings pot

FairSave — locked savings with 12-18% p.a. interest depending on lock duration.

APP RATINGS & CONTACT
iOS rating
3.8 / 5
Android rating
3.6 / 5
Lagos branches
0
Lagos ATMs
0
QUESTIONS PEOPLE DEY ASK PASS
Answer about FairMoney
Wetin be FairMoney transfer charges?
bankingDetail.faqTransferA
Wetin be FairMoney savings account interest rate?
FairMoney dey pay 8%–15% per year on savings account balance (as of 2026). Real rate depend on balance tier and account type.
Where FairMoney head office dey?
FairMoney headquarters dey at 4 Simbiat Abiola Way, Ikeja, Lagos, Lagos, Nigeria.
NDIC dey insure FairMoney?
Yes. Deposit for FairMoney dey insured by Nigeria Deposit Insurance Corporation (NDIC) up to ₦2,000,000 per depositor per bank.
How I fit contact FairMoney customer service?
Website: fairmoney.io. Phone: —. Head office visit: Ikeja, Lagos.
COMPARE WITH OTHERS
FeatureFairMoneyKudaProvidus
SMS feeFREEFREE₦5
Transfer ₦5K-₦50K₦10₦10₦10
Savings rate15%12%6%
NDIC₦2M₦2M₦5M
App rating3.8/54.5/53.8/5
Yearly cost₦2,400₦2,400₦4,200
RELATED
SAVINGS vs STOCKS
15% 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